Panth Infinity has appointed M/s. Sarang Shivajirao Chavan and Associates as its statutory auditor effective June 26, 2026, following the resignation of M/s Bhatt Shah Mekhia & Co. The decision was taken by the board based on the recommendation of the audit committee. The new auditor will hold office until the conclusion of the ensuing general meeting.

M/s Bhatt Shah Mekhia & Co. resigned as statutory auditor effective June 26, 2026, citing pre-occupation in other professional work. The firm was previously appointed on October 27, 2025. The board placed on record its appreciation for the guidance and contribution made by the outgoing auditor during their tenure.

The appointment and resignation disclosures were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Auditor Details

M/s. Sarang Shivajirao Chavan & Associates is a Chartered Accountant firm based in Ahmedabad, recognized for providing services such as statutory audit, internal audit, tax audit, and GST compliances. The outgoing auditor, M/s Bhatt Shah Mekhia & Co., had submitted its audit report for the year ended March 31, 2026, on May 13, 2026.

Panth Infinity Ltd has scheduled an Extraordinary General Meeting (EGM) on July 7, 2026, at its registered office in Ahmedabad to seek shareholder approval for increasing its authorised share capital and issuing equity shares on a preferential basis. The meeting, set to begin at 2:30 PM IST, will also address the shifting of the registered office from Gujarat to West Bengal. Shareholders can participate via remote e-voting from July 4 to July 6, 2026, with voting rights determined based on shareholding as of June 30, 2026.

Key Proposals

The board proposes to increase the authorised share capital from ₹111 crore to ₹126 crore by issuing 1.5 crore additional equity shares of ₹10 each. Additionally, the company seeks approval to issue up to 6.30 crore equity shares and 73 lakh equity shares on a preferential basis to non-promoters. The issue price is fixed at ₹15.50 per share, including a premium of ₹5.50.

Preferential Allotment Details

The preferential issue of 6.30 crore shares is for consideration other than cash, specifically for acquiring stakes in Gromo Trading Private Limited, Samyak Enterprise Private Limited, and Shital Trade Link Private Limited. The second preferential issue of 73 lakh shares aims to raise ₹11.31 crore for the purchase of land. The relevant date for price determination is June 5, 2026.

Other Business

The EGM will also consider the appointment of M/s Bhatt Shah Mekhia & Co. as statutory auditors for FY26. Furthermore, the board seeks approval to regularise the appointment of Mr. Rahilahmed Jafarbhai Shaikh as Managing Director and appoint Mr. Tushar Rameshbhai Bhatt and Ms. Asha Pravin Ughade as Non-Executive Independent Directors. The proposal to shift the registered office from Gujarat to West Bengal, subject to regulatory approvals, is also on the agenda.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE945O01019/171c8d8f-13ac-4213-9ef1-a9ff26097021.pdf