Outcome of the Board Meeting - Submisson of considered and approved the Restated Financials of the Company for the nine months period ending on 31st December, 2025 and for the years ended ....
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The Board of Panafic Industrials Ltd, at its meeting on 31 March 2026, approved restated financial statements covering the 9-month period ended 31 December 2025 and four full years (FY22–FY25) for the purpose of filing an offer document for a proposed Rights Issue of equity shares. The company operates as a non-banking financial institution (NBFI) giving loans and dealing in securities. Revenue from operations stood at ₹71.09 lakh for 9M FY26 (vs ₹65.86 lakh for FY25), while profit after tax was ₹18.51 lakh (vs ₹5.20 lakh in FY25), still well below the ₹123.91 lakh earned in FY22. Total equity was around ₹1,011 lakh as of December 2025. The statutory auditor (Sudhir Agarwal & Associates) reported no qualifications on the audited statements for any of the covered periods.
The restated financials have been prepared specifically to support a forthcoming Rights Issue, so shareholders should expect a capital-raising announcement in the near term. The numbers also show a sharp long-term decline in profits (from ~₹124 lakh in FY22 to ~₹5 lakh in FY25) and negative operating cash flows in FY24 and FY25, which may weigh on the stock and on pricing of the rights issue.