Panafic Industrials Ltd announced that its Board of Directors has approved a change in the company's name to "Panafic Investment and Finance Limited". The decision was taken during a board meeting held on August 17, 2026, in New Delhi. The name change is subject to approval by the company's members at the ensuing Annual General Meeting (AGM).

Alongside the name change proposal, the board considered and approved the Draft Director's Report for the financial year ended March 31, 2026. The company also sought shareholder approval for alterations to its Memorandum of Association and Articles of Association consequent to the name change.

Governance and Appointments

The board recommended the re-appointment of Ms. Renu as a director. She retires by rotation but is eligible and has offered herself for re-appointment.

Additionally, the board proposed the appointment of M/s. J Sharma & V Sharma Associates, Practicing Company Secretaries, as the Secretarial Auditors of the company. The appointment is for a period of five years, commencing from FY27. This move is in compliance with Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other applicable provisions of the Companies Act, 2013.

Key Details of Secretarial Auditor Appointment

AGM Logistics

The company scheduled its 41st Annual General Meeting for September 11, 2026, at 10:00 am. The meeting will be held at the Community Hall, D-Block, Pushpanjali Enclave, Pitampura, Delhi.

Shareholders on record as of August 14, 2026, will be eligible to receive the notice for the AGM. The cut-off date for e-voting is set for September 4, 2026. The book closure period will run from September 5, 2026, to September 11, 2026, inclusive.

JVP & Associates has been appointed as the scrutinizer to oversee the e-voting and physical ballot processes for the AGM.

Panafic Industrials Limited ( Panafic Industrials ) reported a net profit of ₹4.15 crore for the quarter ended June 30, 2026 (Q1FY26), marking a sharp reversal from the ₹2.65 crore loss recorded in the preceding quarter (Q4FY26). The company’s Board of Directors approved the unaudited financial results on August 12, 2026.

The profit turnaround was primarily fueled by a substantial increase in interest income and other income streams. Total revenue from operations stood at ₹4.43 crore, almost entirely derived from interest income of ₹4.43 crore, compared to just ₹0.05 crore in the previous quarter. Additionally, the company recognized ₹2.04 crore in other income, bringing total income to ₹6.47 crore. This contrasts with the prior quarter where total income was merely ₹0.05 crore and there was no other income.

Financial Performance

Expenses for the quarter totaled ₹2.32 crore, down significantly from ₹2.70 crore in Q4FY26. The reduction in expenses was largely due to the absence of purchase costs and negative stock changes that impacted the previous quarter. Finance costs accounted for ₹0.23 crore, while employee benefits expenses were ₹0.15 crore. Other expenses remained relatively stable at ₹2.07 crore.

Earnings per share (EPS) rose to ₹0.08 from a loss of ₹0.32 per share in the previous quarter. The company’s paid-up equity share capital increased to ₹49.28 crore from ₹8.21 crore in the prior period, reflecting recent capital raising activities.

Fund Utilization

The company also disclosed the utilization of funds raised through a right issue completed on May 26, 2026. A total of ₹41.06 crore was raised. During the quarter, ₹27.53 crore was utilized for working capital requirements, specifically towards loan disbursements in the ordinary course of its NBFC business. Loans were disbursed to 56 borrowers ranging from individuals to private limited companies, with individual disbursements between ₹10 lakh and ₹2.00 crore.

An additional ₹4.10 crore was used for general corporate purposes. This included ₹3.55 crore for repaying unsecured loans from Rkajal Advisory Services Private Limited and ₹0.45 crore for fees related to increasing authorized share capital. The monitoring agency, Infomatics Valuation and Rating Limited, confirmed no deviation in the utilization of funds from the stated objects.

What the Numbers Show

The financial results highlight a distinct shift in revenue composition. Interest income now constitutes approximately 69% of total income (₹4.43 crore out of ₹6.47 crore), while other income contributes roughly 31%. This diversification away from pure operational revenue, which was negligible in the previous quarter, suggests a strategic pivot or realization of non-operating assets. The simultaneous repayment of unsecured loans using fresh capital indicates a focus on balance sheet deleveraging alongside business expansion.