Panth Infinity Limited appointed Parmar Rajeshbhai as a Non-Executive Independent Director on September 26, 2026. The move follows the resignation of independent director Malabhai Rabari and Company Secretary Ish Sadana, marking a significant leadership transition for the Ahmedabad-based entity.

The Board approved Rajeshbhai’s appointment based on the recommendation of the Nomination and Remuneration Committee. He joins the board for a term of five consecutive years, subject to shareholder approval. Rajeshbhai holds a Master's degree in Commerce from Gujarat University and is currently associated with the Accounts Department at Maitri Corporation, bringing financial acumen to the boardroom.

Leadership changes detailed

The company also accepted the resignation of Malabhai Punjabhai Rabari, who stepped down as Non-Executive Independent Director effective September 26, 2026. Rabari cited pre-occupation with other professional commitments as the reason for his departure. Separately, Ish Sadana resigned from his role as Company Secretary and Compliance Officer, with effect from September 25, 2026, for similar reasons.

Governance implications

The simultaneous exit of an independent director and the key compliance officer highlights a rapid restructuring of the governance framework. While both resignations were attributed to professional commitments, the replacement of the independent director with a commerce graduate suggests a continued emphasis on financial oversight capabilities within the board composition.

Panth Infinity Limited shareholders approved a special resolution to change the company name and several ordinary resolutions concerning governance during its annual general meeting held on August 24, 2026. The meeting also saw the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The proceedings were conducted through video conferencing or other audio visual means in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 3:00 pm and concluded at 3:11 pm following a vote of thanks.

Voting Participation

As per the scrutinizer’s report submitted on August 25, 2026, there were 27,238 shareholders as on the record date of August 17, 2026. While no shareholders attended in person or through proxy, 31 public shareholders participated via video conferencing.

Voting was conducted primarily through remote e-voting facilitated by National Securities Depository Limited (NSDL). The remote e-voting period remained open from August 21, 2026, to August 23, 2026. Votes were unblocked on August 24, 2026, in the presence of two independent witnesses. Across all resolutions, 55.25% of outstanding shares held by public non-institutional investors were polled.

Key Resolutions Passed

Shareholders transacted five items of business during the session. All resolutions received overwhelming support, with over 99.99% of votes cast in favor for each item. No promoter or promoter group shares voted on any resolution.

• Adoption of Financial Statements: Shareholders approved the audited financial statements for FY26, including the balance sheet, profit and loss statement, and cash flow statement. The resolution passed with 99.9999% votes in favor.
• Statutory Auditor Appointment: M/s. Sarang Shivaji Rao Chavan and Associates were appointed as statutory auditor. The resolution passed with 99.9990% votes in favor.
• Director Reappointment: Mr. Debhu Sardar was reappointed as a director upon retirement by rotation. The resolution passed with 99.9990% votes in favor.
• Name Change: A special resolution to change the company name was approved with 99.9988% votes in favor.
• Independent Director Appointment: Mr. Malabhai Punjabhai Rabari was regularized and appointed as a non-executive independent director. The resolution passed with 99.9990% votes in favor.

Rahil Ahmed Jafarbhai Shaikh, Managing Director, signed the disclosure on behalf of the board. M/s. SCS & Co. LLP served as the scrutinizer for the e-voting process.