This is to inform that the Board of Directors of the Company, in their Meeting held today i.e. on Wednesday, April 29, 2026, at the registered Office of the Company which was commenced ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panth Infinity's board held a meeting on April 29, 2026 and decided to withdraw the preferential issue of up to 55 million fully convertible equity warrants that had been approved in an earlier meeting on April 2, 2026. The reason cited is that the majority of the proposed allottees have decided to withdraw their decision to invest in the company. The company has indicated that a subsequent board meeting will be convened to consider and approve a revised fund-raising plan with proper prior intimation. Separately, the approval to alter the main object clause of the company's Memorandum of Association (inserting sub-clauses 13 and 14) remains unchanged.
The withdrawal of the preferential issue is a setback for the company's planned fund-raising, as the key investors have backed out. This could create uncertainty about the company's capital expansion plans and may weigh on the stock in the near term.