Submission of Disclosures received from the promoters pursuant to the Regulation 29(2) of SEBI(SAST)Regulations, 2011
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Panafic Industrials Ltd disclosed promoter acquisitions via a Rights Issue dated 26 May 2026. Four promoters acquired shares: Anil Gupta purchased 32 crore shares (6.49%) bringing his total to 3.21 crore shares (6.52%); Sarita Gupta (Managing Director) purchased 1.45 crore shares bringing her total to 1.57 crore shares (3.19%); Rajeev Kumar Gupta purchased 2.50 crore shares bringing his total to 2.53 crore shares (5.14%); and Saroj Gupta purchased 75 lakh shares bringing his total to 76.38 lakh shares (1.55%). The company's equity capital expanded significantly from 8.21 crore shares to 49.28 crore shares following the rights issue. All acquirers belong to the promoter/promoter group and are listed on BSE (Scrip Code: 538860).
Promoters collectively increased their holding through a rights issue, showing confidence in the company. However, their total combined stake remains modest at around 16.4% of expanded capital. The massive capital expansion (6x) dilutes existing shareholders unless they participated in the rights issue.