Submission of Corrigendum to the Notice of 32nd Annual General Meeting (AGM) of the Company
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Panth Infinity Limited has issued a corrigendum to the notice of its 32nd AGM, which is scheduled for September 30, 2025, via video conferencing. The change relates to Item No. 6 — a Special Resolution to increase the company's authorized share capital. The earlier proposal, approved by the Board on August 22, 2025, was to raise authorized capital from ₹37 crore to ₹60 crore. This has now been revised upward to ₹111 crore (divided into 11.10 crore equity shares of ₹10 each), creating an additional 7.40 crore shares aggregating to ₹74 crore. The revision was triggered after the Board, at its meeting on September 16, 2025, approved a Qualified Institutional Placement (QIP) issue and found the originally proposed capital insufficient. The amendment also requires changing Clause V of the Memorandum of Association. All other items in the AGM notice remain unchanged.
Existing shareholders should note a significant potential for equity dilution, as the company has tripled its authorized capital ceiling to facilitate a QIP fundraise. The revised resolution will be put to vote at the September 30 AGM and, if passed, enables the company to issue fresh shares to institutional investors, which could weigh on the stock in the short term due to dilution concerns.