Panafic Industrials exempt from related party disclosures for FY26

Panafic Industrials Ltd has confirmed that disclosures for related party transactions are not applicable for the half-year ended March 31, 2026, due to its financial metrics remaining below regulatory thresholds. The company submitted a certificate to BSE Limited on May 26, 2026, citing Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This exemption relieves the company from the compliance requirements associated with related party transaction reporting for the specified period.

The exemption is based on the company's paid-up equity share capital and net worth figures as of the last day of the previous financial year ended March 31, 2025. According to the filing, Panafic Industrials does not meet the threshold limits that trigger the applicability of corporate governance provisions under Chapter IV of the SEBI Listing Regulations.

Financial Thresholds and Compliance Status

The company's financial parameters determine its eligibility for the exemption from specific corporate governance norms. The regulations stipulate that entities with paid-up capital not exceeding ₹10 crore and net worth not exceeding ₹25 crore are exempt from certain provisions.

Metric	Amount	Regulatory Threshold
Paid-up Share Capital	₹8,21,25,000	₹10 crore
Net Worth	₹9,93,91,080	₹25 crore

Since Panafic Industrials Ltd's paid-up share capital is ₹8,21,25,000 and its net worth is ₹9,93,91,080, both figures are within the limits that exempt the company from complying with Regulations 17 to 27 and specific clauses of Regulation 46. Consequently, the detailed disclosures required under Regulation 23(9) for related party transactions are not mandatory for the half-year ended March 31, 2026.

Regulatory Implications

The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandate corporate governance norms for listed entities. However, Regulation 15 provides exemptions for smaller companies. Panafic Industrials Ltd falls under the category of listed entities whose specified securities are listed but do not meet the financial size criteria that necessitate full compliance with Chapter IV provisions.

The certificate, signed by Managing Director Sarita Gupta, was submitted to the General Manager of the Department of Corporate Services at BSE Limited. The company confirmed that should its financial metrics exceed the threshold limits in the future, it will comply with the applicable regulations within six months of the provisions becoming applicable.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.95%	0.0%	-17.95%	+37.14%	+28.00%	+317.39%

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.