Issue of upto 55000000 fully conviertible warrants
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 4.7 pts more than its Diversified peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Panth Infinity Limited's Board has approved the issue of up to 55 million fully convertible equity warrants on a preferential basis to 11 allottees (10 individuals and 1 body corporate). Each warrant is convertible into 1 equity share of Rs. 10 face value within 18 months from allotment. The issue price will be determined as per SEBI ICDR Regulations. The share count will effectively double from 55.16 million to 110.16 million shares on full conversion. The company also regularized appointments of 5 directors including a Managing Director, 2 Independent Directors, and 2 Executive Directors. All matters are subject to shareholder approval via postal ballot.
This is a highly dilutive event - share count could double, significantly diluting existing shareholders' stake. All allottees are from the public category (non-institutional), indicating no anchor investment from marquee investors.