Issue of upto 55000000 fully convertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panth Infinity Ltd's board approved the issue of up to 5.5 crore (55 million) Fully Convertible Equity Warrants on a preferential/private placement basis, subject to shareholder approval via postal ballot. Each warrant is convertible into 1 fully paid-up equity share of face value Rs. 10, with the issue price to be determined per SEBI ICDR Regulations, 2018. The warrants can be exercised within 18 months from the date of allotment. 11 allottees are involved — 10 individuals including Kashish Purav Patel, Saurabh Madhusudan Patel, and 1 body corporate (YMD Financial Consultancy Pvt Ltd). Post-conversion, public shareholding doubles from 5.52 crore to 11.02 crore shares with no promoter involvement. The board also regularised appointments of 5 additional directors (1 Managing Director, 2 Independent Directors, 2 Executive Directors) effective various dates in late 2025 and early 2026.
The warrants issue will significantly dilute equity — share base may double on full conversion. Since the issue price is to be determined under SEBI ICDR rules (typically a minimum price based on market rates), it could imply a discount to current market price, which is a negative signal for existing shareholders. No prominent institutional or marquee investors are involved, indicating this is likely a small-cap speculative financing event.