Share Wealth

Year End :2018-03

DIRECTORS' REPORT

To,

The Members,

Your Directors are pleased to present the 25thAnnual Report of your Company together with the Audited Financial Statements and Auditors' Report for the year ended 31st March, 2018.

1. FINANCIAL PERFORMANCE:-

The Company's financial performance during the year ended 31st March, 2018 compared to the previous year is summarized below:

		(Amount in Rs.)
Particulars	F. Y. 2017-18	F.Y. 2016-17
Income From Operations	45,61,32,554.37	77,23,18,490.24
Other Income	113.00	10106.93
Total Income	45,61,32,667.37	77,23,28,597.17
Profit/(Loss) before tax	(38,15,840.39)	18,92,886.24
Add:/(Less): Exceptional/Extraordinary items *	71,87,120.00	0.00
Profit/(Loss) Before Tax	33,71,279.61	18,92,886.24
Less: Tax Expenses
- Current Tax	11,00,599.00	6,84,546.00
- Deferred Tax	(44,169.12)	(78,682.00)
Net Profit/(Loss) After Tax	23,14,849.73	12,87,022.24

*Note: As per IND AS 2 and IND AS 16, Stock in Trade of Land Rs. 71,87,120 has been converted into Fixed Assets and the effect has been shown as Exceptional items.

The Company has adopted Indian Accounting Standards (Ind-AS) with effect from 1st April, 2017 with the transition date of 1st April, 2016. Accordingly, financial statements for the year ended 31st March, 2018 have been prepared as prescribed for Ind-AS under Section 133 of the Companies Act, 2013 and the relevant rules. Previous year's figures have been restated to make them comparable.

2. REVIEW OF OPERATIONS:-

The Income from Operation of your Company for the year 2018-19 was decreased to Rs. 45,61,32,554.37 as against Income Rs. 77,23,18,490.24 of the previous year. However, the Company's Net Profit after tax has been increased to Rs. 23,14,849.73 for the year 2018-19 as against the Net Profit after tax of Rs. 12,87,022.24 of the previous year.

3. TRANSFER TO RESERVES:-

During the year under review, your Directors have not proposed to transfer any amount to Reserves.

4. DIVIDEND:-

During the year under review, your Directors have not recommended any Dividend on Equity Shares of the Company with a view to conserve resources for expansion of business.

5. DEPOSITS:-

During the year under review, your Company has neither accepted nor renewed any Public Deposits within the meaning of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014.

6. BOARD OF DIRECTORS:-

Mr. Dhirajbhai Koradiya (DIN: 03371017), Mr. Shwet Koradiya (DIN: 03489858), Mr. Rameshkumar Mehta (DIN: 03362341), Mr. Mukesh Patel (DIN: 07195302) and Ms. Surbhi Mudgal (DIN: 07289164) were the Directors on the Board at the beginning of financial year. However, the following changes were occurred till the date of the approval of Directors Report.

• Mr. Rameshkumar Mehta and Mr. Mukesh Patel, Independent Directors of the Company had resigned from the post of Directorship of the Company w.e.f. 10th July, 2017 and the same has been accepted by Board of Directors in their Meeting held on 10th July, 2017.

• Mr. Jayeshkumar Pandav and Mr. Hitesh Patel had been appointed as an Additional Director of the Company in Independent capacity w.e.f. 11th July, 2017 in the Board Meeting held on 10th July, 2017.The Shareholders of the Company at the 24th AGM held on 21st September, 2017 had appointed Mr. Jayeshkumar Pandav and Mr. Hitesh Patel as an Independent Director of the Company w.e.f. 11th July, 2017 for a term of 5 years.

• Mr. Shwet Koradiya, Director of the Company liable to retire by rotation has been reappointed in the 24th Annual General Meeting of the Company held on 21st September, 2017.

• Mr. Dhirajbhai Koradiya, Chairman & Managing Director of the Company had resigned from the post of Chairmanship and Directorship of the Company w.e.f. 14th December, 2017 and the same had been accepted by the Board of Directors in Board Meeting held on 14th December, 2017.

• Mr. Shwet Koradiya, Director of the Company has been appointed as Chairman of the Company in the Board Meeting held on 12th February, 2018.

• Your Company has 4 (Four) Directors as on 31st March, 2018 namely:
1. Mr. Shwet Koradiya	- Chairman and Director
2. Ms. Surbhi Mudgal	- Independent Director
3. Mr. Hitesh Patel	- Independent Director
4. Mr. Jayeshkumar Pandav	- Independent Director

• Mr. Jayeshkumar Pandav, Independent Director of the Company had resigned from the post of Directorship of the Company w.e.f. 30th May, 2018 and the same had been accepted by the Board of Directors at the Board Meeting held on 30th May, 2018.

• Mr. Zubin Raja has been appointed as an Additional Director of the Company in Independent capacity w.e.f. 16th July, 2018 in the Board Meeting held on 12th July, 2018 who will hold office up to the date of ensuing AGM of the Company. The Company has received a notice from Shareholder in terms of Section 160 of the Act signifying his intention to propose the appointment of Mr. Zubin Raja as a Director of the Company in Independent capacity w.e.f. 16th July, 2018 for a term of 5 (Five) years.

• As per the provisions of the Companies act, 2013, Mr. Shwet Koradiya, Chairman & Director of the Company retires by rotation at the ensuing Annual General Meeting and being eligible, offer himself for re-appointment.

7. KEY MANAGERIAL PERSONNEL:-

The Key Managerial Personnel (KMP) in the Company as per Section 2(51) and Section 203 of the Companies Act, 2013 are as mentioned below:

(i) Mrs. Mosam Mehta $ - Chief Financial Officer

(ii) Mr. Rahul Jalavadiya* - Chief Executive Officer

(iii) Ms. Krishna Naik @ - Company Secretary & Compliance Officer

- Mr. Dhirajbhai Koradiya has resigned from the post of Managing Director w.e.f. 14th December, 2017. - Mr. Nikunj Maniya has resigned from the post of Chief Financial Officer w.e.f. 26th March, 2018. - Ms. Priyanka Vadnere has resigned from the post of Company Secretary & Compliance Officer w.e.f. 26th March, 2018.

$ Mrs. Mosam Mehta has been appointed as Chief Financial Officer of the Company w.e.f. 14th August, 2018. * Mr. Rahul Jalavadiya has been appointed as Chief Executive Officer of the Company w.e.f. 15th December, 2017.

@ Ms. Krishna Naik has been appointed as Company Secretary & Compliance Officer of the Company w.e.f. 12th July, 2018.

8. DECLARATION FROM INDEPENDENT DIRECTORS AND FAMILIARISATION PROGRAMME THEREON:

The Company has received necessary declaration from each Independent Director under Section 149(7) of the Companies Act, 2013, that he/she meets the criteria of independence as laid down in Section 149(6) of the Companies Act, 2013 and Regulation 25 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board relies on their declaration of independence.

Pursuant to the provisions of Regulation 25 of the SEBI Listing Regulations, the Company has formulated a programme for familiarising the Independent Directors with the Company, their roles, rights, responsibilities in the Company, nature of the industry in which the Company operates, business model of the Company etc. through various initiatives. The detail of the aforementioned programme is available on the Company's website at www.panthinfinitv.com.

9. DIRECTORS' RESPONSIBILITY STATEMENT;-

Pursuant to the provisions of Section 134 of the Companies Act, 2013, the Directors confirm that-

(i) in the preparation of the Annual Accounts for the year ended 31st March, 2018, the applicable Indian Accounting Standards have been followed and no material departures have been made for the same;

(ii) appropriate accounting policies have been selected and applied them consistently and judgments and estimates have been made that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company at the end of the financial year 31st March, 2018 and of the profit of the Company for that period;

(iii) proper and sufficient care have been taken for maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) the annual accounts have been prepared on a "going concern" basis;

(v) the proper internal financial controls are laid down and are adequate and operating effectively; (vi) the proper systems have been devised to ensure compliance with the provisions of all applicable laws have been devised and such systems were adequate and operating effectively.

10. PARTICULARS OF LOANS. GUARANTEES AND INVESTMENTS:-

During the year under review, no loan or guarantee was given to any person or Body Corporate directly or indirectly by the Company and investments made by the Company are within the limits under Section 186 of the Companies Act, 2013. The details of Investments are available in notes of Financial Statements.

11. MEETINGS OF BOARD OF DIRECTORS:-

During the year under review, 7 (Seven) Board Meetings were held. The intervening gap between the Meetings did not exceed the period prescribed under the Act and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of which are given in the Corporate Governance Report, forming part of Annual Report. The Notice along with Agenda and Agenda items of each Board Meetings were given to each Director of the Company.

12. MEETINGS OF MEMBERS:-

During the year under review, 24th Annual General Meeting of the Company was held on 21st September, 2017. No Extra Ordinary General Meeting was held during the financial year.

13. AUDIT COMMITTEE:-

The details pertaining to the constitution and composition of the Audit Committee are included in the Corporate Governance Report. During the year, all the recommendations made by the Audit Committee were accepted by the Board.

14. BOARD EVALUATION:-

In line with the Corporate Governance Guidelines of the Company, Annual Performance Evaluation was conducted for all Board Members as well as the working of the Board and its Committees. The Board evaluation framework has been designed in compliance with the requirements under the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in consonance with Guidance Note on Board Evaluation issued by SEBI.

Evaluation of the Board was based on criteria such as composition and role of the Board, Board communication and relationships, functioning of Board Committees, review of performance and compensation to Executive Directors, succession planning, strategic planning, etc.

Evaluation of Directors was based on criteria such as participation and contribution in Board and Committee meetings, representation of shareholder interest and enhancing shareholder value, experience and expertise to provide feedback and guidance to top management on business strategy, governance and risk, understanding of the organization's strategy, risk and environment, etc.

Evaluation of Committees was based on criteria such as adequate independence of each Committee, frequency of meetings and time allocated for discussions at meetings, functioning of Board Committees and effectiveness of its advice/recommendation to the Board, etc. The Board has also noted areas requiring more focus in the future.

15. PREVENTION OF INSIDER TRADING:-

The Company has adopted a Code of Conduct for Prevention of Insider Trading in compliance with the SEBI (Prohibition & Insider Trading) Regulations, 2015 with a view to regulate the trading in securities by the Directors and Designated Employees of the Company. The Code requires pre-clearance for dealing in the Company's shares and prohibits the purchase or sale of shares of the Company by the Directors and the designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the 'Trading Window' is closed. The Board is responsible for implementation of the code. All Directors and the designated Employees have confirmed compliance with the code.

16. CONSERVATION OF ENERGY. TECHNOLOGY ABSORPTION. FOREIGN EXCHANGE EARNING AND OUTGO:-

The particulars required to be included in terms of Section 134(3) of the Companies Act, 2013 with regard to conservation of energy, technology absorption, foreign exchange earnings and outgo are given as below:-

A. Conservation of Energy:

The Company is not engaged in any type of production. Hence, there is no extra steps taken for energy saving. However, Regular steps have been taken to improve energy consumption by using LED lights in office premises. Company is using inverter as alternate sources of energy. During the year, the Company has not made any capital investment on energy conservation equipment.

B. Technology Absorption:

The project of your Company has no technology absorption. Hence, no particulars are offered.

C. Foreign Exchange Earning and Outgo:

The foreign Exchange earnings and expenditure of the company is NIL.

17. EXTRACT OF ANNUAL RETURN:-

As provided under Section 92(3) of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014 the extract of the Annual Return in form MGT-9 is attached to this report as "Annexure-1". The same is being made available on the Company's website www.panthinfinity.com.

18. INTERNAL FINANCIAL CONTROL SYSTEM AND THEIR ADEOUACY;-

The Company has an Internal Control System, commensurate with the size, scale and complexity of its operations. The scope and authority of the Internal Audit function is well defined in the organization. The Internal Audit Department monitors and evaluates the efficacy and adequacy of Internal Control Systems in the Company, its compliance with operating systems, accounting procedures and policies at all locations of the Company. Based on the report of Internal Audit function, process owners undertake corrective action in their respective areas and thereby strengthen the controls. Significant audit observations and corrective actions suggested are presented to the Audit Committee of the Board.

19. POLICY;-

* RISK MANAGEMENT POLICY;-

The composition of the Risk Management Committee is not applicable to your Company. However, the Company has adopted a Risk Management policy in accordance with the provisions of the Act and Regulation 17(9) of SEBI (Listing Obligations and Disclosure Requirements). The Objective of this policy is to minimize the adverse impact of various risks to business goals and objectives and to enhance the value of Stakeholders.

* VIGIL MECHANISM (WHISTLE BLOWER POLICY);-

The Company has adopted Vigil Mechanism/ Whistle Blower Policy in accordance with the Section 177(9) of the Companies Act, 2013 read with Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014, and in accordance with Regulation 22 of the SEBI (Listing Obligations and Disclosure Requirements) for Directors and employees of the Company to report concerns about unethical behavior. The Company promotes ethical behaviour in all its business activities and has put in place a mechanism for reporting unethical behaviour, fraud, violations, or bribery. The Company has Vigil Mechanism (Whistle Blower) Policy under which the employees are free to report violations of applicable Laws and Regulations and the Code of Conduct, the same can be accessed through the Chairman of the Audit Committee. The employees have the right/option to report their concern/grievance to the Chairman of the Audit Committee. During the year under review, no employee was denied access to the Audit Committee. The Policy has been uploaded on the Company's website www.panthinfinity.com.

* REMUNERATION POLICY;-

The Company's policy relating to Nomination and remuneration of Directors, KMPs and Senior Management as stipulated in Section 178 of the Companies Act, 2013 has been disclosed in the Corporate Governance Report, forming part of Annual Report. The Policy has been uploaded on the Company's website www.panthinfinity.com.

20. JOINT VENTURES. SUBSIDIARIES AND ASSOCIATES:-

As on 31st March, 2018, your Company does not have any Joint Ventures, Subsidiaries and Associates Company.

21. CORPORATE SOCIAL RESPONSIBILITY;-

The provisions of the CSR expenditure and Composition of Committee as provided in the Section 135 of the Companies Act, 2013 are not applicable to the Company.

22. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTY;-

During the year under review, there was no related party transactions entered into by the Company with Promoters, Directors, Key Managerial Personnel or other designated person. Accordingly, there are no transactions that are required to be reported in form AOC-2 in terms of Section 134 of the Companies Act, 2013.

A policy on the related party Transitions was framed and approved by the Board and the same has been posted on the Company's website www.panthinfinitv.com.

23. PARTICULARS OF EMPLOYEES:-

Information on particulars of employees' remuneration as per Section 197 of the Companies Act, 2013, read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is reported to be NIL as there are no employees who are in receipt of remuneration above the prescribed limit.

24. RATIO OF DIRECTORS' REMUNERATION TO MEDIAN EMPLOYEES' REMUNERATION AND OTHER DISCLOSURES:-

The table containing the names and other particulars of ratio of Directors' Remuneration to Median Employees' Remuneration in accordance with the provisions of Section 197(12) of the Companies Act, 2013, read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is attached to this report as "Annexure-2".

25. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION. PROHIBITION AND REDRESSAL) ACT. 2013:-

Your Company has complied with provisions relating to the constitution of Internal Complaints Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the year under review, no complaints were received by the Company relating to sexual harassment at workplace. Further, the Company ensures that there is a healthy and safe atmosphere for every women employee at the workplace.

26. STATUTORY AUDITORS AND REPORT;-

M/s. A Biyani & Co., Chartered Accountants (FRN: 140489W), Mumbai, were appointed as Statutory Auditors of the Company at the 24th Annual General Meeting held on 21st September, 2017 to hold office for a period of five years from conclusion of that Annual General Meeting till the conclusion of 29th Annual General Meeting, subject to ratification of their appointment by members at every Annual General Meeting if so required by the Companies Act, 2013. Vide notification dated May 07, 2018; the Ministry of Corporate Affairs has done away with the requirement of seeking ratification of members for appointment of auditors at every Annual General Meeting. Accordingly, no resolution is being proposed for ratification of appointment of statutory auditors at the 25th Annual General Meeting.

The Auditors' Report does not contain any qualification. Notes to Accounts and Auditors remarks in their report are self-explanatory and do not call for any further comments. The Auditors has not reported any matter of an offence of fraud to the Company required to be disclosed under Section 143(12) of the Companies Act, 2013.

27. INTERNAL AUDITORS AND REPORT;-

M/s. Paras S. Shah & Co., Chartered Accountants, Surat were serving as an Internal Auditor of the Company till the closer of Financial Year 2017-18. The quarterly, half-yearly and annual report from Internal Auditors were placed before the Audit Committee Meeting and Meeting of Board of Directors respectively.

On a resignation of M/s. Paras S. Shah & Co., Chartered Accountants, Surat as an Internal Auditor of the Company, the Board of Directors at their Meeting held on 12th July, 2018 has accepted his resignation and appointed M/s. D C Jariwala & Co., Chartered Accountants, Surat as an Internal Auditor of the Company pursuant to Section 138 of Indian Companies Act 2013 read with Rule 13 of Companies (Accounts) Rules, 2014.

28. SECRETARIAL AUDIT REPORT;-

Pursuant to the provisions of Section 204 read with Section 134(3) of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rule, 2014, the Company has appointed Mr. Manish R. Patel, Company Secretary in Practice, Surat as a Secretarial Auditor to undertake the secretarial audit of the Company. The Secretarial Audit Report in form MR-3 is attached to this report as "Annexure-3". The report does not contain any qualifications, reservations or adverse remarks.

29. MANAGEMENT DISCUSSION AND ANALYSIS:-

The Management's Discussion and Analysis Report provides a perspective of economic and social aspects material to your Company's strategy and its ability to create and sustain value to your Company's key stakeholders. Pursuant to the provisions of Regulation 34 read with Schedule V of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Management's Discussion and Analysis Report capturing your Company's performance, industry trends and other material changes with respect to your Company is attached to this report as "Annexure - 4".

30. CORPORATE GOVERNANCE:-

The Company is committed to maintain the highest standards of Corporate Governance and adhere to the Corporate Governance requirements as set out under SEBI "Listing Regulations". The report on Corporate Governance as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is presented in a separate section as "Annexure -5" forming part of the Annual Report. The requisite certificate from M/s. A Biyani & Co. Chartered Accountants (FRN: 140489W), Mumbai, Statutory Auditor of the Company confirming compliance with the conditions of Corporate Governance is attached to the report on Corporate Governance.

31. MATERIAL CHANGES AND COMMITMENTS:-

There have been no material changes and commitments, affecting the financial position of the Company which occurred between the end of the financial year to which the financial statements relate and the date of this report.

32. CHANGE OF THE NAME OF THE COMPANY;-

After the closing of the Financial Year, the Company has obtained Shareholders' approval for change of name of the Company from "SYNERGY BIZCON LIMITED" to "PANTH INFINITY LIMITED" by passing of Special Resolution in its Extra-Ordinary General Meeting held on 28th April, 2018.

The name of the Company has been changed from "SYNERGY BIZCON LIMITED" to "PANTH INFINITY LIMITED" consequent upon issue of fresh Certificate of Incorporation by the Registrar of Companies, Gwalior, Madhya Pradesh on 7th May, 2018.

33. SHIFTING OF THE REGISTERED OFFICE OF THE COMPANY;-

After the closing of the Financial Year, the Company has also obtained Shareholders' approval for shifting of Registered Office of the Company from the State of Madhya Pradesh to the State of Gujarat by passing of Special Resolution in its Extra-Ordinary General Meeting held on 28th April, 2018. The Company is yet to receive approval from various Statutory Government Authorities.

34. CHANGE IN THE NATURE OF BUSINESS:-

During the year under review, there is no change in the nature of the business of the Company. However, the Board of Directors in their Board Meeting held on 12th February, 2018 has decided not to carry on business of construction and Real Estate.

After the closing of Financial Year, the Board of Directors in their Board Meeting held on 12th July, 2018 has decided to concentrate more on boundary less Business mainly based on Internet. As a part of that strategy, the Company will soon launch one of its kind e-commerce platform.

35. LISTING FEES:-

The Equity Shares of the Company are listed on the BSE Limited and the Calcutta Stock Exchange Limited. The Company has paid the applicable listing fees to the above Stock Exchanges till date.

36. RISK MANAGEMENT;-

A well-defined risk management mechanism covering the risk mapping and trend analysis, risk exposure, potential impact and risk mitigation process is in place. The objective of the mechanism is to minimize the impact of risks identified and taking advance actions to mitigate it. The mechanism works on the principles of probability of occurrence and impact, if triggered. A detailed exercise is being carried out to identify, evaluate, monitor and manage both business and non-business risks.

37. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:-

During the year under review, no significant or material orders were passed by the Regulators or Courts or Tribunals which would impact the going concern status of the Company and its operations in future.

38. MAINTENANCE OF COST RECORDS:-

Your company is not required to maintain cost records as specified by the Central Government under Section 148(1) of the Companies Act, 2013.

39. SECRETARIAL STANDARDS COMPLIANCE:-

During the year under review, the Company has complied with all applicable Secretarial Standards issued by The Institute of Company Secretaries of India and approved by the Central Government pursuant to Section 118 of the Companies Act, 2013.

40. HUMAN RESOURCES:-

The Company treats its "Human Resources" as one of its most important assets. The Company's culture promotes an environment that is transparent, flexible, fulfilling and purposeful. The Company is driven by passionate and highly engaged workforce. This is evident from the fact that the Company continues to remain the industry benchmark for talent retention.

Your Company continuously invests in attraction, retention and development of talent on an ongoing basis. A number of programs that provide focused people attention are currently underway. The Company thrust is on the promotion of talent internally through job rotation and job enlargement.

During the year under review, there was a cordial relationship with all the employees. The Directors would like to acknowledge and appreciate the contribution of all employees towards the performance of the Company.

41. ACKNOWLEDGEMENTS AND APPRECIATIONS:-

Your Directors thank the employees at all levels for their hard work and commitment. The Board also places on record their appreciation for the continued support and co-operation received from the customers, suppliers, bankers, business partners/associates, financial institutions and regulatory bodies.

The Directors also place on record their gratitude to the Members for their continued support and confidence.

	By order of the Board of Directors
	For PANTH INFINITY LIMITED
Place: Surat	SHWET KORADIYA
Date: 14/08/2018	Chairman & Director
	(DIN: 03489858)
REGISTERED OFFICE
404, Navneet Plaza, 5/2, O1d Palasia, Indore- 452001, Madhya Pradesh.

"ANNEXURE -1" TO DIRECTORS' REPORT

FORM NO. MGT - 9 EXTRACT OF ANNUAL RETURN

as on financial year ended on 31st March, 2018

[Pursuant to Section 92(3) of the Companies Act, 2013, and Rule 12(1) of the Companies (Management and Administration) Rules, 2014]

I. REGISTRATION AND OTHER DETAILS:
CIN	L45201MP1993PLC007647
Registration Date	29/04/1993
Name of the Company	PANTH INFINITY LIMITED
Category/Sub Category of the Company	Public Company /Limited by Shares/Non-Govt Company
Address of the Registered Office and contact details	404, Navneet Plaza, 5/2, Old Palasia, Indore-452001, Madhya Pradesh. Tel. & Fax:- (0731) - 4202337 Email:- info@,panthinfinitv.com Website:- www.panthinfinity.com
Whether listed Company	Yes
Name, Address and Contact details of Registrar and Transfer Agent, if any	Purva Sharegistry (India) Private Limited 9, Shiv Shakti Ind. Estates, J. R. Boricha Marg, Lower Parel (E), Mumbai - 400011, Maharashtra. Tel:- (022) 2301 6761/8261 Fax:- (022) 2301 2517 Email:- busicomp@gmail.com Website:- www.purvashare.com

H. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY:
All the Business Activities contributing 10% or more of the total turnover of the Company shall be stated:
Sr. No.	Name & Description of Main Products/Services	NIC Code of Product/Service	% of total turnover of the Company
1.	Retail trading of precious stones.	4669	100%

IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as % of Total Equity):
i) Category-wise Shareholding :
Category of Shareholders	No. of Shares held at the beginning of the year (as on 01-04-2017)				No. of Shares held at the end of the year (as on 31-03-2018)				% change during the year
	Demat	Physical	Total	% of total Shares	Demat	Physical	Total	% of total Shares
A. Promoters
(1) Indian
a) Individual/HUF	9,72,000	0	9,72,000	7.88	11,49,113	0	11,49,113	9.32	1.44
b) Central Govt.	0	0	0	0.00	0	0	0	0.00	0.00
c) State Govt. (s)	0	0	0	0.00	0	0	0	0.00	0.00
d) Bodies Corporate	40,22,000	1,30,000	41,52,000	33.69	41,52,000	0	41,52,000	33.69	0.00
e) Banks/FI	0	0	0	0.00	0	0	0	0.00	0.00
f) Any Other	0	0	0	0.00	0	0	0	0.00	0.00
Sub- total (A) (1)	49,94,000	1,30,000	51,24,000	41.57	53,01,113	0	53,01,113	43.01	1.44

(2) Foreign
a) NRI-Individuals	0	0	0	0.00	0	0	0	0.00	0.00
b) Other Individuals	0	0	0	0.00	0	0	0	0.00	0.00
c) Bodies Corporate	0	0	0	0.00	0	0	0	0.00	0.00
d) Banks/FI	0	0	0	0.00	0	0	0	0.00	0.00
e) Any other	0	0	0	0.00	0	0	0	0.00	0.00
Sub-total (A) (2)	0	0	0	0.00	0	0	0	0.00	0.00
Total Shareholding of Promoter (A) = (A)(1) (A)(2)	49,94,000	1,30,000	51,24,000	41.57	53,01,113	0	53,01,113	43.01	1.44
B. Public Shareholding
(1) Institutions
a) Mutual Funds	0	0	0	0.00	0	0	0	0.00	0.00
b) Banks/FI	0	0	0	0.00	0	0	0	0.00	0.00
c) Central Govt.	0	0	0	0.00	0	0	0	0.00	0.00
d) State Govt(s)	0	0	0	0.00	0	0	0	0.00	0.00
e) Venture Capital Funds	0	0	0	0.00	0	0	0	0.00	0.00
f) Insurance Companies	0	0	0	0.00	0	0	0	0.00	0.00
g) FIIs	0	0	0	0.00	0	0	0	0.00	0.00
h) Foreign Venture Capital Funds	0	0	0	0.00	0	0	0	0.00	0.00
i) Others (specify)	0	0	0	0.00	0	0	0	0.00	0.00
Sub-total (B)(1):	0	0	0	0.00	0	0	0	0.00	0.00
(2) Non Institutions
a) Body Corporate
i) Indian	94,375	0	94,375	0.77	2,49,175	0	2,49,175	2.02	1.29
ii) Overseas	0	0	0	0.00	0	0	0	0.00	0.00
b) Individuals	0	0	0	0.00	0	0	0	0.00	0.00
i) Individual Shareholders holding nominal share capital upto Rs. 1 lakh	2,95,081	4,70,000	7,65,081	6.21	7,37,550	4,45,100	11,82,650	9.60	3.47
ii) Individual Shareholders holding nominal share capital in excess of Rs. 1 lakh	42,46,327	15,66,900	58,13,227	47.17	30,08,341	15,61,800	45,70,141	37.08	(10.17)

c) Others (specify)
i) N.R.I. (Repat)	0	0	0	0.00	500	0	500	0.00	0.00
ii)HUF	3,42,391	0	3,42,391	2.78	42,19,11	0	42,1,911	3.42	0.65
iii) Clearing Members	1,85,926	0	1,85,926	1.51	5,99,510	0	5,99,510	4.46	3.32
Sub-total (B)(2):	51,64,100	20,36,900	72,01,000	58.43	50,16,987	20,06,900	70,23,887	56.96	(1.44)
Total Public Shareholding (B)= (B)(1) (B)(2)	51,64,100	20,36,900	72,01,000	58.43	50,16,987	20,06,900	70,23,887	56.96	(1.44)
C. Shares held by Custodian for GDRs & ADRs	0	0	0	0.00	0	0	0	0.00	0.00
Grand Total (A B C)	1,01,58,100	21,66,900	1,23,25000	100.00	10,31,800	20,06,900	1,23,25,000	100.0	0.00

ii) Shareholding of Promoters:
		Shareholding at the beginning of the year (as on 01-04-2017)			Shareholding at the end of the year (as on 31-03-2018)			% change in Shareholding during the year
Sr. No	Shareholder's Name	No. of Shares	% of total Shares of the Company	% of Shares Pledged / encumbered to total Shares	No. of Shares	% of total Shares of the Company	% of Shares Pledged / encumbered to total Shares
1	Koradiya Mile Stone Private Limited	40,22,000	32.63	0.00	40,22,000	32.63	0.00	0.00
2	Shwet Dhirajbhai Koradiya	9,32,000	7.56	0.00	11,09,113	9.00	0.00	1.44
3	Varshaben Dhirajlal Koradiya	40,000	0.32	0.00	40,000	0.32	0.00	0.00
4	Pure Broking Private Limited	1,30,000	1.05	0.00	1,30,000	1.05	0.00	0.00
	Total	51,24,000	41.57	0.00	53,01,113	43.01	0.00	1.44

iii) Change in Promoters' Shareholding ( Please Specify, if there is no change):
Sr. No.	Promoter's Name	Shareholding at the beginning of the year (01-04-2017)		Date	Increase/ Decrease in the Shareholding	Reason	Cumulative Share holding during the year (01-04-2017 to 31-03-2018)
		No. of shares	% of total shares of the company				No. of shares	% of total shares of the company
1	Koradiya Mile Stone Private Limited	40,22,000	32.63	01/04/2017	-	-	40,22,000	32.63
				31/03/2018	Nil	No Change	40,22,000	32.63

2	Shwet Dhirajbhai Koradiya	9,32,000	7.56	01/04/2017	-	-	9,32,000	7.56
				25/01/2018	95000	Purchase	10,27,000	8.33
				02/02/2018	82113	Purchase	11,09,113	9.00
				31/03/2018	-	-	11,09,113	9.00
3	Varshaben Dhirajlal Koradiya	40,000	0.32	01/04/2017	-	-	40,000	0.32
				31/03/2018	Nil	No Change	40,000	0.32
4	Pure Broking Private Limited	1,30,000	1.05	01/04/2017	-	-	1,30,000	1.05
				31/03/2018	Nil	No Change	1,30,000	1.05

iv) Shareholding Pattern of top ten Shareholders between 01st April, 2017 and 31st March, 2018 (other than Directors, Promoters & holders of GDRs & ADRs):
Sr. No.	For Each of the Top 10 Shareholders	Shareholding at the beginning of the year (01-04-2017)		Date	Increase/ Decrease in the Shareholding	Reason	Cumulative Shareholding during the year (01-04-2017 to 31-03-2018)
		No. of Shares	% of total Shares of the Company				No. of Shares	% of total Shares of the Company
1.	Jainam Share Consultants Pvt. Ltd - Collateral Account	30,028	0.24	01/04/2017	-	-	30,028	0.24
				07/04/2017	50	Purchase	30,078	0.24
				14/04/2017	1,106	Purchase	31,184	0.25
				21/04/2017	-300	Sell	30,884	0.25
				28/04/2017	500	Purchase	31,384	0.25
				05/05/2017	225	Purchase	31,609	0.26
				19/05/2017	19,878	Purchase	51,487	0.42
				26/05/2017	16,949	Purchase	68,436	0.56
				02/06/2017	17,385	Purchase	84,821	0.70
				09/06/2017	34,281	Purchase	1,20,102	0.97
				16/06/2017	22,599	Purchase	,42,701	.16
				23/06/2017	3,542	Purchase	,46,243	.19
				30/06/2017	1,071	Purchase	,47,314	.20
				07/07/2017	17,656	Purchase	,64,970	.34
				14/07/2017	1,270	Purchase	,66,240	.35
				21/07/2017	4,820	Purchase	,71,060	.39
				28/07/2017	7,123	Purchase	,78,183	.45
				04/08/2017	5,679	Purchase	,83,862	.49
				11/08/2017	1,430	Purchase	,85,292	.50
				25/08/2017	2,200	Purchase	,87,515	.52
				01/09/2017	-19,967	Sell	,67,548	.36
				08/09/2017	4,020	Purchase	,71,568	.39
				15/09/2017	4,150	Purchase	,75,718	.43
				22/09/2017	9,781	Purchase	,85,499	.51
				30/09/2017	10,720	Purchase	,96,219	.59
				06/10/2017	11,000	Purchase	2,07,219	.68
				13/10/2017	9,771	Purchase	2,16,990	.76
				20/10/2017	1,280	Purchase	2,18,270	.77
				27/10/2017	-29,491	Sell	1,88,779	.53
				31/10/2017	-286	Sell	1,88,493	.53
				10/11/2017	2,000	Purchase	1,90,493	.55
				17/11/2017	6,100	Purchase	1,96,593	.60
				24/11/2017	11,200	Purchase	2,07,793	.69
				01/12/2017	3,000	Purchase	21,093	.71
				08/12/2017	6,950	Purchase	2,17,743	.77
				15/12/2017	21,902	Purchase	2,39,645	.94
				22/12/2017	20,210	Purchase	2,59,855	2.11

				29/12/2017	40,109	Purchase	2,99,964	2.43
				05/01/2018	46,615	Purchase	3,46,579	2.81
				12/01/2018	27,390	Purchase	3,73,969	3.03
				19/01/2018	31,412	Purchase	4,05,381	3.29
				25/01/2018	-4,700	Sell	4,00,681	3.25
				02/02/2018	10,595	Purchase	4,11,276	3.34
				09/02/2018	12,114	Purchase	4,23,390	3.44
				16/02/2018	9,775	Purchase	4,33,165	3.51
				23/02/2018	10,748	Purchase	4,43,913	3.60
				02/03/2018	3,992	Purchase	4,47,905	3.63
				09/03/2018	10,391	Purchase	4,58,296	3.72
				16/03/2018	9,905	Purchase	4,68,201	3.80
				23/03/2018	1,955	Purchase	4,70,156	3.81
				30/03/2018	2,400	Purchase	4,72,556	3.83
				31/03/2018	-	-	4,72,556	3.83
2.	Rahul V. Mehta	97 ,000	0.79	01/04/2017	-	-	97,000	0.79
				01/12/2017	1,20,350	Purchase	2,17,350	1.76
				31/03/2018	-	-	2,17,350	1.76
3.	Rameshkumar Premchand Mehta	0	0.00	01/04/2017	-	-	0	0
				01/09/2017	1,16,000	Purchase	1,16,000	0.94
				31/03/2018	-	-	1,16,000	0.94
4.	Shyam Stocks & Financiers Private Limited	0	0.00	01/04/2017	-	-	0	0
				21/04/2017	1,000	Purchase	1,000	0.01
				28/04/2017	1,000	Purchase	2,000	0.02
				19/05/2017	1,15,000	Purchase	,17,000	0.95
				26/05/2017	13,038	Purchase	,30,038	1.06
				02/06/2017	-35,038	Sell	95,000	0.77
				23/06/2017	36,000	Purchase	,31,000	1.06
				11/08/2017	-2,000	Sell	,29,000	1.05
				12/01/2018	-15,000	Sell	,14,000	0.92
				30/03/2018	-7,250	Sell	,06,750	0.87
				31/03/2018	-	-	,06,750	0.87
5.	Fort Share Broking Pvt Ltd	50,000	0.47	01/04/2017	-	-	50,000	0.47
				07/04/2017	50,000	Purchase	,00,000	0.81
				05/05/207	35,000	Purchase	,35,000	.10
				12/05/2017	32,373	Purchase	,67,373	.36
				26/05/2017	17,589	Purchase	,84,962	.50
				02/06/2017	14,038	Purchase	,99,000	.61
				18/08/2017	-7,000	Sell	,92,000	.56
				05/01/2018	-15,000	Sell	,77,000	.44
				12/01/2018	2,925	Purchase	,79,925	.46
				19/01/2018	7,792	Purchase	,87,717	.52
				25/01/2018	660	Purchase	,88,377	.53
				16/02/2018	-20,000	Sell	,68,377	.37
				23/02/2018	-30,500	Sell	,37,877	.12
				02/03/2018	31,000	Purchase	,68,877	.37
				30/03/2018	-8,250	Sell	,60,627	.30
				31/03/2018	-	-	1,60,627	1.30
6.	Sanket Sevantilal Mehta	0	0.00	01/04/2017	-	-	0	0.0
				01/09/2017	91,650	Purchase	91,650	0.74
				31/03/2018	-	-	91,650	0.74
7.	Edelweiss	29,262	0.24	01/04/2017	-	-	29,262	0.24
	Broking Ltd			07/04/2017	-18,705	Sell	10,557	0.09
				21/04/2017	2,412	Purchase	12,969	0.11
				28/04/2017	1,356	Purchase	14,325	0.12
				05/05/2017	19,528	Purchase	33,853	0.27
				12/05/2017	19,985	Purchase	53,838	0.44
				19/05/2017	-4,334	Sell	49,504	0.40
				26/05/2017	-14,377	Sell	35,127	0.29

				02/06/2017	46,870	Purchase	81,997	0.67
				09/06/2017	17,568	Purchase	99,565	0.81
				16/06/2017	-4,849	Sell	94,716	0.77
				23/06/2017	-203	Sell	94,513	0.77
				30/06/2017	13,340	Purchase	1,07,853	0.88
				07/07/2017	-7,541	Sell	1,00,312	0.81
				14/07/2017	7,167	Purchase	1,07,479	0.87
				21/07/2017	-8,344	Sell	99,135	0.80
				28/07/2017	-4,601	Sell	94,534	0.77
				04/08/2017	-265	Sell	94,269	0.76
				11/08/2017	34	Purchase	94,303	0.77
				18/08/2017	6,433	Purchase	1,00,736	0.82
				25/08/2017	-10,769	Sell	89,967	0.73
				01/09/2017	-1,832	Sell	88,135	0.72
				08/09/2017	-9,718	Sell	78,417	0.64
				15/09/2017	166	Purchase	78,583	0.64
				22/09/2017	2,112	Purchase	80,695	0.65
				29/09/2017	357	Purchase	81,052	0.66
				30/09/2017	-392	Sell	80,660	0.65
				06/10/2017	5,496	Purchase	86,156	0.70
				13/10/2017	-2,000	Sell	84,156	0.68
				27/10/2017	625	Purchase	84,781	0.69
				31/10/2017	3,990	Purchase	88,771	0.72
				10/11/2017	-941	Sell	87,830	0.71
				17/11/2017	1,640	Purchase	89,470	0.73
				24/11/2017	-17,512	Sell	71,958	0.58
				01/12/2017	-2,466	Sell	69,492	0.56
				08/12/2017	-781	Sell	68,711	0.56
				15/12/2017	941	Purchase	69,652	0.57
				22/12/2017	1,812	Purchase	71,464	0.58
				29/12/2017	-2,754	Sell	68,710	0.56
				05/01/2018	-2,769	Sell	65,941	0.54
				12/01/2018	-2,132	Sell	63,809	0.52
				19/01/2018	-148	Sell	63,661	0.52
				25/01/2018	-841	Sell	62,820	0.51
				02/02/2018	2,888	Purchase	65,708	0.53
				09/02/2018	-19	Sell	65,689	0.53
				16/02/2018	-5,000	Sell	60,689	0.49
				02/03/2018	-2,170	Sell	58,519	0.47
				16/03/2018	12,582	Purchase	71,101	0.58
				23/03/2018	8,751	Purchase	79,852	0.65
				30/03/2018	-5,901	Sell	73,951	0.60
				31/03/2018	-	-	73,951	0.60
8.	Dipeshkumar Mohanlal Shah	70,000	0.57	01/04/2017	-	-	70,000	0.57
				31/03/2018	Nil	No Change	70,000	0.57
9.	Mamta Rajeshkumar Shah	70,000	0.57	01/04/2017	-	-	70,000	0.57
				31/03/2018	Nil	No Change	70,000	0.57
10.	Halvadiya Bhaveshkumar Maheshbhai	0	0.00	01/04/2017	-	-	0	0.00
				21/01/2018	42,000	Purchase	42,000	0.34
				09/03/2018	22,000	Purchase	64,000	0.52
				31/03/2018	64,000	Purchase	64,000	0.52

(Note: The details of holding of above Top Ten Shareholders are as on 31st March, 2018 and the same have been clubbed based on PAN.)

v) Shareholding of Directors and Key Managerial Personnel:
Sr. No.	For Each of the Directors & KMP	Shareholding at the beginning of the year (01-04-2017)		Date	Increase/ Decrease in the Sharehol ding	Reason	Cumulative Shareholding during the year (01-04-2017 to 31-03-2018)
		No. of Shares	% of total Shares of the Company				No. of Shares	% of total Shares of the Company
1	Dhirajbhai Koradiya, Chairman & Managing Director %	0	0		Nil	No Change	N.A.	N.A.
2	Shwet Koradiya, Chairman & Director	9,32,000	7.56	01/04/2017	-	-	9,32,000	7.56
				25/01/2018	95000	Purchase	10,27,000	8.33
				02/02/2018	82113	Purchase	11,09,113	9.00
				31/03/2018	-	-	1109113	9.00
3	Rameshkumar Mehta, Non-Executive Independent Director &	0	0		Nil	No Change	N.A.	N.A.
4	Mukesh Patel, Non-Executive Independent Director &	0	0		Nil	No Change	N.A.	N.A.
5	Surbhi Mudgal, Non-Executive Independent Director	0	0		Nil	No Change	0	0
6	Hitesh Patel, Non-Executive Independent Director @	N.A.	N.A.		Nil	No Change	0	0
7	Jayeshkumar Pandav, Non-Executive Independent Director @@	N.A.	N.A.		Nil	No Change	0	0
8	Rahul Jalavadiya, CEO *	N.A.	N.A.	-	Nil	No Change	0	0
9	Nikunj Maniya, CFO £	0	0	-	Nil	No Change	N.A.	N.A.
10	Priyanka Vadnere, Company Secretary £	0	0	-	Nil	No Change	N.A.	N.A.

% Ceased w.e.f. 14/12/2017

& Ceased w.e.f. 10/07/2017

@ Appointed w.e.f. 11/07/2017

@@ Appointed w.e.f. 11/07/2017 and ceased w.e.f. 30/05/2018

* Appointed w.e.f. 15/12/2017

£ Ceased w.e.f. 26/03/2018

V) INDEBTEDNESS:
Indebtedness of the Company including interest outstanding/accrued but not due for payment
	Secured Loans excluding deposits	Unsecured Loans	Deposits	Total Indebtedness
Indebtedness at the beginning of the financial year
i) Principal Amount	Nil	Nil	Nil	Nil
ii) Interest due but not paid	Nil	Nil	Nil	Nil
iii) Interest accrued but not due	Nil	Nil	Nil	Nil
Total (i ii iii)	Nil	Nil	Nil	Nil
Change in Indebtedness during the financial year
• Addition	Nil	Nil	Nil	Nil
• Reduction	Nil	Nil	Nil	Nil
Net Change	Nil	Nil	Nil	Nil
Indebtedness at the end of the financial year
i) Principal Amount	Nil	Nil	Nil	Nil
ii) Interest due but not paid	Nil	Nil	Nil	Nil
iii) Interest accrued but not due	Nil	Nil	Nil	Nil
Total (i ii iii)	Nil	Nil	Nil	Nil

VI) REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL :
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
Sr. No.	Particulars of Remuneration	Name of the MD/WTD/Manager	Total Amount
		Mr. Dhirajbhai Koradiya, Chairman & Managing Director @
1	Gross salary
	(a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961.	Nil	Nil
	(b) Value of perquisites u/s 17(2) of the Income tax Act, 1961	Nil	Nil
	(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961	Nil	Nil
2	Stock option	Nil	Nil
3	Sweat Equity	Nil	Nil
4	Commission	Nil	Nil
	- as % of profit	Nil	Nil
	- others (specify)	Nil	Nil
5	Others, please specify	Nil	Nil
Total (A)		Nil	Nil
Ceiling as per the Act		N.A.

@ Ceased w.e.f. 14/12/2017

B. Remuneration to other Directors:
Sr. No.	Particulars of Remuneration	Name of the Directors					Total Amount
		Mr. Rameshkumar Mehta $	Mr. Mukesh Patel $	Ms. Surbhi Mudgal	Mr. Hitesh Patel &	Mr. Jayeshkumar Pandav &
1	Independent Directors
	(a) Fee for attending Board Committee Meetings	Nil	Nil	28,000	34,000	34,000	96,000
	(b) Commission	Nil	Nil	Nil	Nil	Nil	Nil
	(c ) Others, please specify	Nil	Nil	Nil	Nil	Nil	Nil
	Total (1)	Nil	Nil	28,000	34,000	34,000	96,000
2	Other Non-Executive Directors	Mr. Shwet Koradiya, Chairman & Director
	(a) Fee for attending Board Committee Meetings			Nil			Nil
	(b) Commission			Nil			Nil
	(c) Others, please specify			Nil			Nil
	Total (2)			Nil			Nil
	Total (B)=(l 2)			N.A.			96,000
Total Managerial Remuneration (A B)							96,000
Overall Ceiling as per the Act

$ Ceased w.e.f. 10/07/2017 & Appointed w.e.f. 10/07/2017

C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD:
Sr. No.	Particulars of Remuneration	Key Managerial Personnel
		Company Secretary	CEO	CFO	Total
		Ms. Priyanka Vadnere @	Mr. Rahul Jalavadiya #	Mr. Nikunj Maniya @
1	Gross Salary
	(a) Salary as per provisions contained in section 17(1) of the Income Tax Act, 1961.	2,81,500	1,57,500	2,15,000	6,54,000
	(b) Value of perquisites u/s 17(2) of the Income Tax Act, 1961	Nil	Nil	Nil	Nil
	(c ) Profits in lieu of salary under section 17(3) of the Income Tax Act, 1961	Nil	Nil	Nil	Nil
2	Stock Option	Nil	Nil	Nil	Nil
3	Sweat Equity	Nil	Nil	Nil	Nil
4	Commission
	- as % of profit	Nil	Nil	Nil	Nil
	- others, specify	Nil	Nil	Nil	Nil
5	Others, please specify	Nil	Nil	Nil	Nil
	Total	2,81,500	1,57,500	2,15,000	6,54,000

@ Ceased w.e.f. 26/03/2018. # Appointed w.e.f. 15/12/2017.

VII) PENALTIES / PUNISHMENT / COMPOUNDING OF OFFENCES:
Type	Section of the Companies Act	Brief Description	Details of Penalty / Punishment / Compounding fees imposed	Authority [RD/NCLT/COURT]	Appeal made, if any (give details)
A. COMPANY
Penalty	Nil	Nil	Nil	Nil	Nil
Punishment	Nil	Nil	Nil	Nil	Nil
Compounding	Nil	Nil	Nil	Nil	Nil
B. DIRECTORS
Penalty	Nil	Nil	Nil	Nil	Nil
Punishment	Nil	Nil	Nil	Nil	Nil
Compounding	Nil	Nil	Nil	Nil	Nil
C. OTHER OFFICERS IN DEFAULT
Penalty	Nil	Nil	Nil	Nil	Nil
Punishment	Nil	Nil	Nil	Nil	Nil
Compounding	Nil	Nil	Nil	Nil	Nil

	By Order of the Board of Directors
	For PANTH INFINITY LIMITED
Place: Surat	SHWET KORADIYA
Date: 14/08/2018	Chairman & Director
	DIN: 03489858

"ANNEXURE - 2" TO THE DIRECTORS' REPORT

RATIO OF DIRECTORS' REMUNERATION TO MEDIAN EMPLOYEES' REMUNERATION AND OTHER DISCLOSURE

[Pursuant to Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014]

(i) The Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year:

Sr. No.	Name of Directors	Designation	Remuneration (In Rs.)	Sitting Fees (In Rs.)	Ratio to median remuneration
1	Mr. Shwet Koradiya	Chairman & Director	-	-	-
2	Ms. Surbhi Mudgal	Independent Director	-	28,000
2	Mr. Hitesh Patel	Independent Director	-	34,000
3	Mr. Jayeshkumar Pandav	Independent Director	-	34,000

(ii) The median remuneration of the Company for all its employees is Rs. 2,52,000 for the financial year 2017-18.

(iii) The percentage increase in remuneration of each Director, Chief Financial Officer and Company Secretary or Manager, if any, in the financial year: During the year, no increment in remuneration paid to any Directors and Chief Financial Officer. However, there is an increment in the Remuneration of Company Secretary, details of which are as under:

Sr. No.	Name of Director /KMP	Designation	Remuneration an RS.)	% increase in Remuneration
1	Ms. Priyanka Vadnere	Company Secretary	3,00,000	13.64%

(iv) The Percentage increase in the median remuneration of employees in the financial year 2017-18 is Nil.

(v) The number of permanent employees on the rolls of Company at the end of the financial year 2017-18 are 8.

(vi) Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: Average percentile increase already made in the salaries of the employees other than the managerial personnel in the last financial year was NIL. However, percentile increase in the remuneration of Managerial Personnel was 13.64%. Hence, comparison is not provided.

(vii) Affirmation, that the remuneration is as per the remuneration policy of the Company: It is hereby affirmed that the remuneration is as per the remuneration policy for Directors, Key Managerial Personnel and other employees.

	By order of the Board of Directors
	For PANTH INFINITY LIMITED
Place: Surat	SHWET KORADIYA
Date: 14/08/2018	Chairman & Director
	DIN: 03489858

FORM NO. MR-3

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED 31ST MARCH, 2018

[Pursuant to Section 204(1) of the Companies Act, 2013 and Rule 9 of the Companies ___________(Appointment and Remuneration of Managerial Personnel) Rules, 2014]___________

To,

The Members,

Panth Infinity Limited

(Formerly known as Synergy Bizcon Limited) (CIN: L45201MP1993PLC007647) 404, Navneet Plaza, 5/2, Old Palasia, Indore - 452001, Madhya Pradesh

I have conducted the secretarial audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Panth Infinity Limited (hereinafter called the "Company"). Secretarial Audit was conducted in a manner that provided me a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.

Based on my verification of the Company's books, papers, minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, I hereby report that in my opinion, the Company has, during the audit period covering the financial year ended on 31st March, 2018, complied with the statutory provisions of the applicable acts listed hereunder and also that the Company has proper Board-processes and compliance mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

I have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on 31st March, 2018 according to the provisions of:

(i) The Companies Act, 2013 (the Act) and the rules made there under to the extent applicable.

(ii) The Securities Contracts (Regulation) Act, 1956 ('SCRA') and the rules made there under; (iii) The Depositories Act, 1996 and the Regulations and bye-laws framed there under;

(iv) Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent of Foreign Direct Investment, Overseas Direct Investment and External Commercial Borrowings;

(v) The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 ('SEBI Act'):-

(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

(b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;

(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure requirements) Regulations, 2009 (Not applicable as the Company has not issued any securities);

(d) The Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and The Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 (Not applicable as the Company has not formulated any Employee Stock Option Scheme and Employee Stock Purchase Scheme);

(e) The Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations. 2008 (Not applicable as the Company has not issued any debts securities which were listed);

(f) The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, regarding the Companies Act and dealing with client (Not applicable as the Company is not registered as Registrar to an Issue and Share Transfer Agent);

(g) The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (Not applicable as the Company has not opted for delisting); and

(h) The Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 (Not applicable as the Company has not done any Buyback of Securities).

(vi) The Company is not attracting any sector specific laws.

I have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards (with respect to Board and General Meetings) issued by The Institute

of Company Secretaries of India, (ii) The Listing Agreement entered into by the Company with Stock Exchanges read with

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

During the period under review, the Company has complied with the provisions of the Act, Rules, Regulations, Guidelines, Standards, etc. mentioned above.

I further report that

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act.

Adequate notice was given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.

Majority decision is carried through and proper system is in place which facilitates/ensure to capture and record the dissenting member's views, if any, as part of the minutes.

I further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

I further report that during the year, the Company has not taken specific actions/decisions having major bearing on the Company's affairs in pursuance of the above referred laws, rules, regulations, guidelines, etc. referred to above.

I further report that after closing of the financial year 31st March, 2018, following changes have been occurred:

(i) The name of the Company has been changed from "Synergy Bizcon Limited" to "Panth Infinity Limited" consequent upon issue of Fresh Certificate of Incorporation by the Registrar of Companies, Gwalior, Madhya Pradesh on 7th May, 2018.

(ii) The Company has initiated the procedure of shifting of Registered Office from the State of Madhya Pradesh to the State of Gujarat. The Company is yet to receive approval from various Statutory Government Authorities.

Date: 14/08/2018	MANISH R. PATEL
Place: Surat	Company Secretary in Practice
	ACS No: 19885
	COP No. : 9360

This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this report.

Annexure A

To,

The Members,

Panth Infinity Limited

(Formerly known as Synergy Bizcon Limited) (CIN: L45201MP1993PLC007647) 404, Navneet Plaza, 5/2, Old Palasia, Indore - 452001, Madhya Pradesh

My report of even date is to be read along with this letter.

1. Maintenance of secretarial records is the responsibility of the management of the Company. My responsibility is to express an opinion on these secretarial records based on my audit.

2. I have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test check basis to ensure that correct facts are reflected in secretarial records. I believe that the processes and practices, I followed provide a reasonable basis for my opinion.

3. I have not verified the correctness and appropriateness of financial records and Books of Accounts of the Company.

4. Wherever required, I have obtained the Management representation about the compliance of laws, rules and regulations and happening of events, etc.

5. The compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards is the responsibility of management. My examination was limited to the verification of procedures on test basis.

6. The Secretarial Audit Report is neither an assurance as to the future viability of the Company nor of the efficacy or effectiveness with which the management has conducted the affairs of the Company.

Date: 14/08/2018	MANISH R. PATEL
Place: Surat	Company Secretary in Practice
	ACS No: 19885
	COP No. : 9360