PANTHER INDUSTRIAL PRODUCTS LT

Classified as a Trading & Distributors entity, the company has reported zero revenue from operations across the first nine months of FY26, with its statutory auditor explicitly flagging the absence of any revenue and management stating only that revenue is expected by year-end. The only line shown in segment data is a single 'Income' stream, accounting for 100% of the period's segment revenue at Rs 0.23 cr. FY26 total income was Rs 0.11 lakhs against a net loss of Rs 0.23 cr, with negative reserves and long-term borrowings of Rs 742.06 lakhs against an equity share capital of Rs 140 lakhs. The statutory auditor has included an Emphasis of Matter paragraph on material uncertainty related to going concern. In April 2026 the board approved a scheme of amalgamation with Shivang Edibles Oils Ltd (SEOL), under which each PIPL share would be exchanged for 1 SEOL share (Rs 10 face value) for every 19 PIPL shares held; SEOL reported turnover of Rs 359.95 cr against PIPL's Rs 0.20 cr, with SEOL promoter Shivang Garg set to hold 96.27% of the merged entity, subject to NCLT and BSE no-objection approvals.