Panth Infinity Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2022
Auditor and Management Disclosures and Notes for the annual results dated 31 Mar 2022
1. The above financial Results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 30th May, 2022. The Statutory Auditors have carried out the audit for the quarter and year ended 31st March, 2022 and issued unmodified Report thereon. These results are available on the Company's Website.
2.The figures for the quarter ended 31st March, 2022 are the balancing figures between audited figures in respect of the full financial year up to 31st March, 2022 and unaudited published year-to-date figures up to 31st December, 2021 being the date of the end of the third quarter of financial year which were subject to limited review by the statutory auditors.
3.'The statement is as per Regulation 33 of the Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations').
4.On 28th February, 2022, Mr. Parshottambhai Zaverbhai Patel has entered into Share Purchase Agreement with Mr. Shwetkumar Dhirajbhai Koradiya, existing promoter of the Company, to acquire 11,49,113 (9.32%) equity shares @ Rs. 13/- each. In Compliance of SEBI (SAST) Regulations, 2011, Mr. Parshottambhai Zaverbhai Patel has made an Open Offer for acquiring upto 26% stake from the Public Shareholders of the Company. After successful completion of Open Offer, Mr. Parshottambhai Zaverbhai Patel has acquired entire shareholding of the existing promoter on 12th May, 2022.
5. The Board has decided to continue Mr. Jinay Navinchandra Kodadiya as Chairman and Managing Director in Professional capacity till appointment of his successor by new Management of the Company.
6. There are no Investors Complaints pending as on 31st March, 2022.
7. 'The Company operates in single segment only.
8. The Figures for the previous half year / year have been regrouped/reclassified, wherever necessary to confirm to current period/year classification.