Isse of 32817500 equity shares pursuant to conversion of unsecured loan into equity shares.
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Panth Infinity Ltd's board has approved converting an unsecured loan into up to 3.28 crore equity shares (₹10 face value) to be issued on a preferential basis to four allottees: Bhavishya Ecommerce Pvt Ltd, Gromo Trading Pvt Ltd, Samyak Enterprise Pvt Ltd, and Shital Trade Link Pvt Ltd. The board also proposed increasing the authorised share capital from ₹37 crore (3.7 crore shares) to ₹60 crore (6 crore shares) to accommodate the new issuance. Post-allotment, total outstanding equity will rise sharply from about 2.49 crore shares to 5.77 crore shares, with the promoters' shareholding remaining at zero. The issue price is yet to be determined as per SEBI ICDR regulations.
This is a major dilution event for existing public shareholders — their effective stake drops from 100% to roughly 43%, as the four new allottees will collectively hold about 57% of the expanded equity base. The conversion converts debt into equity (removing a liability) but transfers meaningful control to the four new entities, which could affect share price sentiment in the short term.