Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, submission of Outcome of Board Meeting for allotment of shares pursuant to Right Issue.
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Panafic Industrials Ltd's Right Issue Committee met on May 26, 2026 and approved the allotment of 41,06,25,000 fully paid-up equity shares at ₹2 per share (face value ₹1 each). The rights issue was conducted as per the Letter of Offer dated April 11, 2026, with Skyline Financial Services as the Registrar. BSE Limited approved the allotment. Post-allotment, the company's paid-up share capital increased from 8,21,25,000 shares to 49,27,50,000 shares, representing a massive 5x increase in share capital through this rights issue.
Significant dilution of approximately 5x existing shares. Existing shareholders who did not participate in the rights issue will see their ownership substantially diluted. The large capital raise could support business growth or debt repayment.