We submit herewith Annual Secretarial Compliance Report for the financial year ended on March 31, 2025.
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Panth Infinity Ltd (CIN: L45201GJ1993PLC114416, BSE Scrip Code: 539143) has submitted its Annual Secretarial Compliance Report for FY 2024-25, prepared by M/s. Alap & Co. LLP, Practicing Company Secretaries. The report flags extensive regulatory non-compliance during the review period. Key lapses include: failure to hold the AGM for FY 2023-24 within the mandatory 6-month window, delayed filing of quarterly financial results for Q1-Q3 of FY 2023-24, no Company Secretary appointed after November 13, 2024 (vacancy unfilled beyond 3 months), failure to maintain a functional website, 7 allotments made without timely listing applications, and non-regularisation of director appointments (Mr. Akshay Sudam Sangle, Nilesh Devendraprasad Dave, and Ms. Jigna Jigarkumar Shah). The company also failed to comply with SEBI's board composition norms (no woman director; less than 50% non-executive directors). BSE has imposed significant fines, including ₹5,16,000 (+GST) for the AGM delay, ₹46,000 (+GST) for a limited review report issue, ₹37,40,000 (+GST) for major non-compliance, ₹4,45,000 (+GST) for board composition issues, and ₹60,000 (+GST) for shareholding pattern delays, among others. Management has stated it will ensure timely compliance going forward.
This disclosure exposes serious corporate governance failures and repeated SEBI LODR violations at Panth Infinity Ltd, with cumulative penalties exceeding ₹50 lakhs plus GST. For shareholders, this signals weak internal controls, poor compliance culture, and elevated risk of further regulatory action or trading restrictions, which could weigh on the stock price and investor confidence.