Re-consideration of earlier business relating to increase in authorised share capital
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Panth Infinity Ltd's board, at its meeting on September 16, 2025, revised an earlier proposal to increase the company's authorised share capital from ₹37 crore (3.7 crore equity shares of ₹10 each) to ₹111 crore (11.1 crore equity shares of ₹10 each), requiring an amendment to the Capital Clause of the Memorandum of Association. A corrigendum to the 32nd AGM notice has been approved to reflect this revised capital figure. The board also approved raising up to ₹50 crore through equity shares, convertible bonds, non-convertible instruments, or a combination, potentially with detachable warrants, via QIP, preferential allotment, private/public offerings, or other permissible modes in one or more tranches. An Extra-Ordinary General Meeting (EOGM) has been called for October 9, 2025 to seek shareholder approval for the loan-to-equity conversion, the earlier preferential issue (approved August 22, 2025), and the QIP approved today. NSDL has been appointed as the remote e-voting agency and a company secretary firm as scrutinizer for the EOGM process.
The sharp tripling of authorised share capital and a planned ₹50 crore fund raise signal significant dilution risk for existing shareholders, though the actual impact depends on whether and at what price the new securities are issued. Shareholders should watch the EOGM on October 9, 2025 closely, as multiple equity-altering proposals (loan conversion, preferential issue, and QIP) will be put to vote.