Submitting Outcome of the Board Meeting held on 5th January, 2026, pursuant to Regulation 30 of the SEBI (LODR)Regulations, 2015.
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The Board of Directors of Panafic Industrials Ltd, held on 5th January 2026, approved three key items. First, a proposal to change the company's name from 'Panafic Industrials Limited' to 'Panafic Investment and Finance Limited' (or another name approved by MCA) to better reflect its business as a Non-Banking Financial Company (NBFC). This change requires prior approvals from the RBI, shareholders, and Registrar of Companies. Second, the Board approved filing an application with the RBI for its prior approval on the name change. Third, Infomerics Valuation and Rating Limited was appointed as the Monitoring Agency to oversee the use of proceeds from the company's ongoing Rights Issue, in line with SEBI ICDR Regulations.
The name change signals a strategic shift toward its NBFC identity but is subject to multiple regulatory approvals (RBI, shareholders, ROC), so outcome remains uncertain. The appointment of a monitoring agency adds transparency and compliance discipline to the Rights Issue, which may improve investor confidence in the use of funds raised.