Issue of upto 55000000 fully conviertible warrants

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.