Panafic Industrials allots 41.06 crore rights shares
Panafic Industrials Limited successfully concluded its Rights Issue by allotting 41,06,25,000 fully paid-up equity shares at ₹1 each. Approved by the Board on May 26, 2026, the allotment was finalized in consultation with Skyline Financial Services Private Limited and approved by BSE Limited. The issue, which opened on April 24, 2026, was offered in a 5:1 ratio and has increased the company's paid-up share capital to ₹49,27,50,000.
*this image is generated using AI for illustrative purposes only.
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:
| Particulars | No. of Shares | Amount (in ₹) |
|---|---|---|
| Paid-up share (Pre-Rights Issue) | 8,21,25,000 | 8,21,25,000 |
| Paid-up share (Post-Rights Issue) | 49,27,50,000 | 49,27,50,000 |
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.
Historical Stock Returns for Panafic Industrials
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.06% | 0.0% | -13.68% | +50.75% | +34.67% | +339.13% |
How does Panafic Industrials plan to utilize the ₹4,106.25 lakh raised through this Rights Issue?
What impact will the six-fold increase in equity shares have on the earnings per share (EPS) for existing shareholders?
Will the significant expansion in share capital lead to a dilution of ownership for minority shareholders?
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