Panther Industrial Products Ltd

Board outcome

• Board approved Q1 FY27 unaudited results for quarter ended 30 June 2026 with LRR.
• Balance of Rs 7,154 in Canara Bank not supported by documentary evidence.
• Unsecured borrowing from Scion of Rs 207 outstanding long; linked to incentive scheme.
• Company in process of amalgamation with Shivang Edibles Oils Limited.

Dematerialisation status

• Dematerialisation requests processed; securities dematerialised listed on stock exchanges.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within prescribed timeline.

Audit results & key notes

• Audited standalone results for quarter and year ended 31 Mar 2026 approved by Board on 27 May 2026.
• Revenue from operations: Rs 0.11 lakh; net loss after tax: Rs 7.91 lakh.
• EPS (basic/diluted): Rs -0.56.
• Paid-up capital: Rs 140 lakh; promoters 49.02%, public 50.98%.
• No reportable segment under IND AS 108.
• Emphasis of matter: sales tax liability Rs 23.20 lakh outstanding >15 years.
• Investments carried at historical cost without fair valuation; impact not determined.
• Amalgamation with SHIVZVG EDIBLES OILS LIMITED in process.
• Board approved results; Audit by Rajesh H. Gupta & Co. (Firm Reg. No. 133884W).

Financial Performance 📊

• Revenue from operations was Rs. 19.88 lakh for Q3 FY26, flat YoY and QoQ.
• Net loss after tax was Rs. 4.97 lakh in Q3 FY26, improved from Rs. 50.38 lakh loss in Q3 FY25.
• Nine months FY26 net loss was Rs. 15.18 lakh versus Rs. 40.66 lakh loss in prior year period.
• EPS (basic and diluted) was negative Rs. 0.35 for Q3 FY26, improved from negative Rs. 3.60 in Q3 FY25.
• Total expenses for Q3 FY26 were Rs. 4.97 lakh, stable compared to Rs. 5.03 lakh in Q3 FY25.
• Auditor issued limited review report with no material misstatements noted.

Balance Sheet & Liquidity

• Fixed assets declined to Rs. 2.44 lakh as of Dec 31, 2025 from Rs. 3.39 lakh as of Mar 31, 2025.
• Cash and cash equivalents increased to Rs. 1.69 lakh as of Dec 31, 2025 from Rs. 0.95 lakh as of Mar 31, 2025.
• Long-term borrowings stable at Rs. 742.06 lakh as of Dec 31, 2025.
• Share capital unchanged at Rs. 140 lakh; promoter holding stable at ~51%.
• Reserves and surplus declined to negative Rs. 33.80 lakh as of Dec 31, 2025 from negative Rs. 18.85 lakh as of Mar 31, 2025.
• Other current liabilities increased to Rs. 3.21 lakh as of Dec 31, 2025 from Rs. 1.51 lakh as of Mar 31, 2025.

Corporate & Governance

• Company reported accumulated losses of Rs. 38.85 lakh as of Dec 31, 2025; net worth Rs. 106 lakh.
• Financial results reviewed and approved by board on Feb 12, 2026.
• Investor complaints nil during the quarter.

Business Model & Segments

• Panther Industrial Products Limited operates in industrial products manufacturing with no reportable segments.
• Revenue primarily from operations, currently low and recovering from losses.

Assets and Liabilities

• Total assets decreased to Rs 851.47 lakhs as of 31-Dec-25 from Rs 865.03 lakhs on 31-Mar-25
• Non-current assets stood at Rs 849.78 lakhs, slightly down from Rs 864.08 lakhs
• Current assets increased to Rs 1.69 lakhs from Rs 0.95 lakhs
• Equity share capital remained stable at Rs 140.00 lakhs
• Reserves and surplus declined to negative Rs 33.80 lakhs from negative Rs 18.85 lakhs
• Long-term borrowings remained unchanged at Rs 742.06 lakhs
• Current liabilities increased to Rs 3.21 lakhs from Rs 1.51 lakhs

Financial Results and Audit

• Board approved unaudited financial results for Q3 and nine months ended 31-Dec-25
• Limited review report issued with no material misstatements identified
• Company reported zero revenue for first nine months of FY26
• Management expects revenue generation by end of FY26

Financial Results Approval

• Approved unaudited financial results for quarter and nine months ended 31 Dec 2025
• Limited Review Report by statutory auditors was considered and attached

Balance Sheet Highlights

• Total assets stood at Rs. 851.47 lakhs as of 31 Dec 2025
• Share capital remained Rs. 140.00 lakhs
• Reserves and surplus were negative Rs. 33.80 lakhs
• Long-term borrowings were Rs. 742.06 lakhs

Auditor Review Remarks

• Review conducted under SRE 2410 with no material misstatements found
• Company reported no revenue for first nine months of current financial year
• Management expects revenue generation by financial year end