PANAFIC INDUSTRIALS LTD

Panafic Industrials Ltd is registered with the RBI as a non-banking financial company (NBFC) and is listed on BSE. For FY26, revenue from operations was Rs 76.23 lakhs, up 15.7% from Rs 65.87 lakhs the prior year, while the company posted a net loss of Rs 236.83 lakhs as total expenses climbed to Rs 312.82 lakhs. The cost shape was dominated by employee cost at 33.2% of revenue and other operating expenses at 51%, with no materials, depreciation or capex disclosed; the FY26 results also flagged inventory purchases of Rs 510.42 lakhs and stock-in-trade diminution of Rs 7.34 crore valued at market price. Borrowings stood at Rs 860 lakhs against total equity of Rs 758.15 lakhs, and operating cash flow was negative at Rs 317.50 lakhs. The company undertook a rights issue in FY26, allotting 41.06 crore equity shares at Rs 1 each to raise up to Rs 41.06 crores, which expanded the share base roughly six-fold from 8.21 crore to 49.28 crore shares; four promoter family members subscribed to about 7.95 crore shares under the issue. The company qualifies as a small listed entity, with paid-up capital and net worth below the SEBI thresholds that trigger several corporate governance disclosures.