Panth Infinity Board Approves Warrants, Director Regularizations

The Board of Directors of Panth Infinity convened a meeting on May 06, 2026, at the Registered Office to deliberate on several key corporate proposals. The primary agenda included the approval of a preferential issue of equity warrants and the regularization of appointments for multiple directors. These decisions are subject to the approval of the company's shareholders and regulatory authorities.

Preferential Issue of Equity Warrants

The Board approved the issuance of up to 5,50,00,000 (Five Crore Fifty Lakh) Fully Convertible Equity Warrants on a preferential basis. Each warrant is convertible into one fully paid-up equity share with a face value of Rs. 10/- each, at an issue price to be determined in accordance with the SEBI (ICDR) Regulations, 2018. The warrants will be issued to 11 identified allottees, categorized as Public - Non-Institutional, and each warrant may be exercised in one or more tranches within 18 (Eighteen) months from the date of allotment.

The proposed allottees for the equity warrants are as follows:

Allottee: Category: Kashish Purav Patel Public - Non-Institutional - Individual Saurabh Madhusudan Patel Public - Non-Institutional - Individual Vivek Chauhan Public - Non-Institutional - Individual Satish Dineshbhai Patani Public - Non-Institutional - Individual Shah Jayeshkumar Public - Non-Institutional - Individual Anand Sureshbhai Lavingiya Public - Non-Institutional - Individual Abhishek Prakashchand Chhajed Public - Non-Institutional - Individual Anandraj Prakashchand Chhajer Public - Non-Institutional - Individual Sanjaykumar Jitendrakumar Bhalani Public - Non-Institutional - Individual Pradip Jashvantbhai Mejiyatar Public - Non-Institutional - Individual YMD Financial Consultancy Private Limited Public - Non-Institutional - Body Corporate

The table below details the proposed post-allotment shareholding pattern:

Category of Shareholder: Pre-Preferential Issue (No. of Shares) Pre-Preferential Issue (%) Post-Preferential Issue (No. of Shares) Post-Preferential Issue (%) Promoters & Promoters' Group 0 0.00 0 0.00 Public 55158758 100.00 110158758 100.00 Total 55158758 100.00 110158758 100.00

Regularization of Director Appointments

On the recommendation of the Nomination and Remuneration Committee, the Board approved the regularization of appointments for five directors, each for a period of five years, subject to member approval. The details of each appointee are outlined below.

Managing Director

Mr. Rahil Ahmed Jafarbhai Shaikh (DIN: 11413227): Regularized as Managing Director w.e.f. December 06, 2025. He is a graduate who runs his own business, managing various projects and services for different clients. He holds nil shares in the Company and is not debarred from holding the office of Director by any SEBI order or other authority.

Independent Directors

Mr. Tushar Rameshbhai Bhatt (DIN: 11476133): Regularized as Independent Director w.e.f. January 13, 2026. He is a post-graduate in Commerce from Gujarat University. He holds nil shares in the Company and is not debarred from holding the office of Director by any SEBI order or other authority.

Ms. Asha Pravin Ughade (DIN: 11524542): Regularized as Independent Director w.e.f. February 05, 2026. She is a Master of Commerce graduate from Gujarat University with experience in accounting and financial functions at Shreeram Corporation and Shreem Enterprise. She holds nil shares in the Company and is not debarred from holding the office of Director by any SEBI order or other authority.

Executive Directors

Mr. Akash Prakash Patil (DIN: 11524328): Regularized as Executive Director w.e.f. February 05, 2026. He holds a Master's degree in Commerce from Gujarat University and has practical experience in accounting and financial operations at Sheth Corporation and Devam Enterprise. He holds nil shares in the Company and is not debarred from holding the office of Director by any SEBI order or other authority.

Mr. Debu Sardar (DIN: 11488279): Regularized as Executive Director w.e.f. February 05, 2026. He is a commerce graduate with hands-on experience in the sales department at Birati Corporation. He holds nil shares in the Company and is not debarred from holding the office of Director by any SEBI order or other authority.

E-Voting and Postal Ballot

To facilitate the shareholder approval process, the Board appointed National Securities Depository Limited (NSDL) as the Remote E-Voting Agency. The Board discussed and approved the draft of the Notice of Postal Ballot, authorizing the Executive Directors and Company Secretary to dispatch the notice to all members. The copy of the Postal Ballot Notice will be submitted to the Stock Exchange upon emailing it to the eligible shareholders.

Panth Infinity Limited has formally announced the withdrawal and cancellation of its previously approved preferential issue of equity warrants, citing withdrawal of investment commitments by majority proposed allottees. The decision was taken during a board meeting held on April 29, 2026, at the company's registered office in Ahmedabad, with formal communication sent to BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Outcomes

The board of directors convened on Wednesday, April 29, 2026, from 02:30 P.M. to 03:00 P.M. at the registered office to deliberate on the withdrawal of the preferential issue. The meeting resulted in the formal cancellation of the equity warrant issue that was initially approved on April 02, 2026. Additional Managing Director Rahilahmed Jafarbhai Shaikh signed the official communication to the stock exchange.

Meeting Details: Information Date: April 29, 2026 Duration: 02:30 P.M. to 03:00 P.M. Venue: Registered Office, Ahmedabad Primary Decision: Withdrawal of preferential issue Signatory: Rahilahmed Jafarbhai Shaikh, Additional MD DIN: 11413227

Preferential Issue Details

The cancelled preferential issue involved up to 55000000 fully convertible equity warrants, with each warrant convertible into one fully paid-up equity share of face value Rs. 10.00 each. The issue was subject to provisions of SEBI ICDR Regulations and required approval of members through postal ballot along with other necessary regulatory approvals. The company's securities are listed on BSE with Security Code 539143 and ISIN INE945O01019.

Issue Parameters: Specifications Warrant Quantity: Up to 55000000 Face Value per Share: Rs. 10.00 Conversion Ratio: 1:1 (One warrant to one share) Approval Required: SEBI ICDR, Postal ballot, Regulatory approvals BSE Security Code: 539143 ISIN: INE945O01019

Company Information

Panth Infinity Limited operates under CIN L45201GJ1993PLC114416 with its registered office located at 107 Sudershan Office Complex, Nr Mithakhali Under Bridge, Navrangpura, Ahmedabad, Gujarat. The company can be contacted via email at panthinfinitylimited@gmail.com and mobile number +91 7383983840.

Reason for Withdrawal

The company stated that the decision to withdraw the preferential allotment was primarily due to the majority of proposed allottees deciding to withdraw their investment decisions. This development led the board to cancel the entire preferential issue rather than proceed with reduced participation. The formal communication to BSE emphasized that the outcome relating to fund-raising through preferential issue stands withdrawn for the cited reasons.

Future Fund-Raising Plans

Panth Infinity Limited indicated that a subsequent board meeting will be convened to consider and approve alternative fund-raising proposals. The company committed to providing prior intimation of such meetings in due course, suggesting continued interest in raising capital through different mechanisms.

Unchanged Approvals

Despite the withdrawal of the preferential issue, the company confirmed that approvals relating to alteration in the main object clause of its Memorandum of Association obtained during the April 02, 2026 board meeting remain unchanged. These approvals involved inserting sub-clauses 13 and 14 after sub-clause 12 of the existing MOA. The company has requested BSE to take note of the withdrawal and disseminate the information on their website.

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