Panafic Industrials Ltd reported a net loss of ₹236.83 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹2.84 lakh in the previous year. The company's board approved the audited financial results for the fourth quarter and financial year ended March 31, 2026, at a meeting held on May 26, 2026. The statutory auditors, M/s. Sudhir Agarwal & Associates, issued an unmodified opinion on the financial results.

Financial Performance

Total revenue from operations for FY26 stood at ₹76.23 lakh, an increase from ₹65.87 lakh in FY25. However, total expenses surged to ₹312.82 lakh from ₹61.70 lakh in the prior year, primarily driven by purchases of ₹510.42 lakh and a change in stock of (₹261.34) lakh. For the quarter ended March 31, 2026, the company reported a net loss of ₹264.95 lakh on a total income of ₹5.14 lakh.

Balance Sheet Highlights

The company's total assets as of March 31, 2026, were ₹1,491.80 lakh, slightly up from ₹1,412.54 lakh in the previous year. Financial assets constituted the majority, totaling ₹1,436.99 lakh, which included loans of ₹1,151.51 lakh and cash and cash equivalents of ₹24.13 lakh. Borrowings increased significantly to ₹669 lakh from ₹355 lakh in FY25. Total equity decreased to ₹758.15 lakh from ₹993.91 lakh, driven by a negative balance in other equity of ₹63.10 lakh.

Cash Flow and Auditor's Report

Net cash used in operating activities for FY26 was ₹317.50 lakh, while net cash from financing activities was ₹314.83 lakh, largely due to proceeds from borrowings. Cash and cash equivalents at the end of the year stood at ₹24.13 lakh. The independent auditor's report confirmed that the financial statements present a true and fair view of the company's state of affairs in conformity with Indian Accounting Standards.

Panafic Industrials Limited has approved the allotment of 41,06,25,000 fully paid-up equity shares following the closure of its Rights Issue. The shares, with a face value of ₹1 each, were issued at a price of ₹1 per share. This allotment increases the company's paid-up share capital to ₹49,27,50,000, comprising 49,27,50,000 equity shares, up from the pre-issue capital of ₹8,21,25,000.

The Rights Issue committee approved the allotment at its meeting held on May 26, 2026. The decision was made in accordance with the terms outlined in the Letter of Offer dated April 11, 2026, and the Basis of Allotment finalized in consultation with Skyline Financial Services Private Limited, the Registrar to the Issue. BSE Limited, the designated stock exchange, has duly approved the allotment.

Issue Timeline and Details

The subscription period for the Rights Issue opened on April 24, 2026, and closed on May 22, 2026. The issue was offered to existing equity shareholders in the ratio of 5 Rights Equity Shares for every 1 fully paid-up Equity Share held on the record date of April 17, 2026. The aggregate amount of the issue was up to ₹4,106.25 lakh.

The initiative was undertaken in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and adhered to the SEBI Master Circular bearing reference number SEBI/HO/CFD/PoD-1/P/CIR/2024/0154, dated November 11, 2024.

Capital Structure Post-Allotment

The table below details the changes in the company's paid-up share capital following the allotment:

The confirmation of the closure and the subsequent allotment were signed by Sarita Gupta, Managing Director of Panafic Industrials Limited. The company is registered at 23, IInd Floor, North West Avenue, Club Road, West Punjabi Bagh, New Delhi.