Intimation for closure of Right Issue subscription period of Panafic Industrials Limited
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panafic Industrials Ltd has announced the closure of its Rights Issue subscription period on May 22, 2026. The issue involved 41.06 crore fully paid-up equity shares with a face value and issue price of Rs. 1 each, raising an aggregate amount of up to Rs. 4,106.25 Lakhs. Existing shareholders were offered 5 rights equity shares for every 1 share held as of the record date of April 17, 2026. The issue was open for subscription from April 24, 2026 to May 22, 2026. Unused rights entitlements will lapse after closure.
Shareholders who received rights entitlements but did not subscribe will see their entitlements lapse and get diluted. The company has successfully closed the issue and can now proceed to allot shares and utilise the proceeds.