Submission of Notice of Extra Ordinary General Meeting No. 01/2025-26
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Panth Infinity Ltd has called an Extra Ordinary General Meeting on October 9, 2025 (4:30 PM, via Video Conferencing) with a book closure from October 3–9, 2025 and an e-voting cut-off date of October 2, 2025. Three special resolutions are on the agenda: (1) conversion of up to ₹39 crore of unsecured loans from four non-promoter companies (Bhavishya Ecommerce, Gromo Trading, Samyak Enterprise, and Shital Trade Link) into equity; (2) preferential allotment of up to 3,06,15,190 equity shares at ₹10.85 per share (₹10 face value + ₹0.85 premium) to these same four allottees; and (3) raising up to ₹50 crore through a Qualified Institutions Placement (QIP) from eligible institutional investors. The combined potential capital raise is up to ₹89 crore, all from non-promoter entities. The EGM will be held in compliance with MCA and SEBI circulars allowing virtual meetings.
Significant equity dilution is likely for existing shareholders — up to 3.06 crore new shares via preferential allotment plus additional shares from the QIP. However, the loan-to-equity conversion also reduces the company's debt burden. Shareholders should review the proposals carefully and vote before October 9, 2025, as both preferential allotment and QIP could materially affect their shareholding percentage.