Panafic Industrials Ltd

Panafic Industrials Ltd – Closure of Trading Window from 1 October 2026; opens 48 hours after declaration of unaudited financial results for the quarter ended 30 September 2026

AGM Details

• AGM held 11 September 2026, 10:00 AM, in physical mode at Pushpanjali Enclave, Pitampura, Delhi.
• Record date: 4 September 2026.
• Meeting duration: 10:00 AM to 11:00 AM.

Key Resolutions and Outcomes

• Item 1: Adoption of Audited Financial Statements; passed with 99.99% in favour.
• Item 2: Director re-appointment (Renu); passed with 99.99% in favour.
• Item 3: Change of name of the Company; passed with 99.99% in favour.
• Item 4: Alteration of MOA name clause; passed with 99.99% in favour.
• Item 5: Alteration of Articles; passed with 99.99% in favour.
• Item 6: Appointment of Secretarial Auditors; passed with 99.99% in favour.

Overall outcome

• All resolutions carried with the requisite majority.

AGM Details

• AGM held on 11 September 2026 at 10:00 AM, in-person at Delhi venue.
• Remote e-voting available from 8 September to 10 September 2026.
• Quorum: four members attended in person.
• Meeting concluded at 11:00 AM.

Resolutions Presented

• Ordinary: Adoption of audited financial statements with board and auditor's reports.
• Ordinary: Appointment of a director in place of retiring director.
• Special: Change of name of the company.
• Special: Alteration of Memorandum of Association to reflect name change.
• Special: Alteration of Articles of Association due to name change.
• Ordinary: Appointment of Secretarial Auditors.
• Voting results: not disclosed in the provided text.

Overview

• No material financial, governance, or regulatory details disclosed in this chunk.

AGM & notice

• 41st AGM on 11 Sep 2026 at 10:00 AM, Pitampura, Delhi.
• Ordinary business: adopt FY2025-26 financials; appoint director by rotation.
• Special business: name change to Panafic Investment and Finance Limited.

Financial highlights

• Revenue from operations: Rs 7.624 crore, up 15.7% YoY.
• Net loss after tax: Rs 2.368 crore in FY26.
• Earnings per share: Rs -0.29 for FY26.
• Expenses significantly exceeded revenue, driving annual loss.

Rights issue & capital

• Rights issue completed; allotment on 26 May 2026; listing approval on 27 May 2026.
• Authorized capital remains Rs 50 crore; paid-up near Rs 49.28 crore.
• Post-rights issue, total equity shares around 492.75 million.

Name change & MOA/Articles

• Board approved name change to Panafic Investment and Finance Limited.
• MOA and Articles to reflect new name.
• Secretarial auditors appointed for five-year term.

Governance

• Board comprises MD Sarita Gupta, Directors Renu, Duraiswamy Basuvaiah, Chandan; CFO Aarushi Gupta.
• Ten board meetings held; independent directors met once.
• Audit, Nomination & Remuneration, and Stakeholder Relationship committees active.

Audit & compliance

• Secretarial audit by JVP & Associates flagged compliance gaps.
• Statutory auditors Sudhir Agarwal & Associates; no material qualifications.
• Internal controls deemed adequate; no fraud reported.
• Late filings noted; penalties paid where applicable.

Outlook & risks

• Management cautious on asset quality, liquidity, and regulatory compliance.
• NBFC sector remains competitive and regulated; strong risk management needed.
• Focus on strengthening financial assets and controls.

Dividend & CSR

• Dividend not recommended due to losses.
• No transfer to General Reserve for FY26.

Key dates

• 41st AGM scheduled for September 11, 2026 at 10:00 AM in Delhi.
• Register of Members and Share Transfer Books closed from September 5 to September 11, 2026.
• E-Voting cut-off date fixed at September 4, 2026.

Key Decisions

• Draft Director's Report for FY ended 31 March 2026 approved.
• Reappointment of Ms. Renu as Director (DIN: 03572788) after retirement by rotation.
• Change of company name to Panafic Investment and Finance Limited; subject to members' approval at AGM.
• Alteration of MOA and Articles to reflect name change; subject to members' approval at AGM.
• Secretarial Auditor appointment: M/s J Sharma & V Sharma Associates for five years, subject to AGM approval.
• Appointment of Scrutinizer: JVP & Associates for e-voting and physical ballot at 41st AGM.
• Cut-off date for e-voting: 4 September 2026.
• Book closure: 5-11 September 2026 (inclusive).
• Notice dispatch date: 14 August 2026.
• 41st AGM: 11 September 2026 at 10:00 AM.

Content note

• Filing chunk unreadable; no material investor-relevant details identified.

Right Issue fund utilisation status

• Purpose: Statement confirming deviation/variation in use of funds; none observed.
• Mode of fund raising: Right Issue.
• Amount raised: Rs 41.06 crore; Date of allotment: 26 May 2026.
• Deviation/variation in use of funds: No deviation observed.
• Audit Committee: No deviation observed; Auditors: No deviation.
• Monitoring Agency: Not clearly stated.
• Status of fund utilisation: Partly utilised; remaining funds unutilised.

Monitoring mandate

• Monitoring agency appointed: Infomerics Valuation and Rating Limited for rights issue proceeds.
• Quarter ended 30 June 2026 report reviewed by Audit Committee and Board.

Rights issue details

• Right issue size Rs 41.06 crore; net proceeds Rs 40.56 crore after expenses.
• Deviation from objects: Nil; range of deviation: Nil.

Utilisation progress

• Utilisation in quarter: Rs 32.13 crore; loans disbursed Rs 27.53 crore to 56 borrowers.
• General corporate purposes utilised Rs 4.10 crore; unutilised Rs 0.46 crore.

Unutilised proceeds & deposits

• Unutilised IPO proceeds: Rs 8.93 crore.
• Yes Bank deposits: Rs 3.93 crore (monitoring account); Rs 5.00 crore fixed deposit.