Panth Infinity Limited Withdraws Rs 550 Crore Preferential Equity Warrant Issue

Panth Infinity Limited has 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.

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.

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

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.

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

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.

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.

Panth Infinity Limited has announced the resignation of Non-Executive Independent Director Falguni Mehal Raval, effective April 04, 2026. The company informed the Bombay Stock Exchange about this board change in compliance with SEBI regulations.

Director Resignation Details

Falguni Mehal Raval, holding Director Identification Number (DIN) 08605075, submitted her resignation from the position of Non-Executive Independent Director. The resignation takes effect from April 04, 2026, marking the end of her tenure with the company.

Particulars Details Director Name Falguni Mehal Raval DIN 08605075 Position Non-Executive Independent Director Resignation Date April 04, 2026 Reason Other professional commitments

Reason for Departure

In her resignation letter, Raval cited pre-occupation with other professional commitments as the primary reason for stepping down from her directorship. She confirmed that there were no other material reasons for her resignation beyond those mentioned.

Regulatory Compliance

The company has fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Regulatory Disclosures

The resigning director does not hold directorship in any other listed entities

Complete resignation letter has been provided to the exchange

All required particulars under SEBI regulations have been disclosed

The company has requested the exchange to treat this as compliance with applicable LODR provisions

Company Acknowledgment

Panth Infinity Limited expressed gratitude for Raval's valuable contributions during her tenure as director. The company wished her success in her future endeavors while confirming the smooth transition following her departure from the board.

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