Panafic Industrials Limited has announced an extension of its ongoing rights issue closing date following a Rights Issue Committee meeting held on April 29, 2026. The decision was made to provide eligible shareholders with adequate time to subscribe to the rights issue and facilitate better participation.

Rights Issue Extension Details

The Rights Issue Committee of Panafic Industrials Limited approved the extension during its meeting on April 29, 2026. The rights issue, which opened on Friday, April 24, 2026, was originally scheduled to close on Friday, May 08, 2026. The company has now extended the closing date to Friday, May 22, 2026, providing shareholders with an additional two weeks to participate.

Revised Timeline for Rights Issue

The company has provided a comprehensive updated timeline for the rights issue process:

Committee Meeting Details

The Rights Issue Committee meeting commenced at 5:30 p.m. and concluded at 6:00 p.m. on April 29, 2026. This follows a previous Rights Issue Committee meeting dated April 11, 2026. The company has informed BSE Limited about this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Documentation and Compliance

The company has clarified that except for the extension of the Issue Closing Date and consequential changes in the post-issue timeline, there are no other modifications to the Letter of Offer (LOF), Composite Application Form (CAF), or Abridged Letter of Offer (ALOF), all dated April 11, 2026. The information has been made available on the company's website and communicated to BSE Limited for record purposes.

The extension demonstrates the company's commitment to ensuring maximum shareholder participation in the rights issue while maintaining regulatory compliance and transparency in its communication with stakeholders.

Panafic Industrials Limited has submitted its quarterly compliance certificate to BSE Limited under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate confirms that no physical share certificates were received for dematerialization of securities from depository participants during the quarter.

Quarterly Compliance Certificate Details

The company filed the mandatory certificate on April 13, 2026, through its Managing Director Sarita Gupta. The certificate was issued by Skyline Financial Services Private Limited, the company's Registrar and Transfer Agent, confirming compliance with SEBI regulations regarding dematerialization processes.

Demat Holdings Status Report

Skyline Financial Services provided a comprehensive demat status report showing the distribution of shares across depositories. The total demat holdings remained unchanged during the quarter, maintaining stability in the company's shareholding pattern.

Regulatory Framework and Compliance

The submission fulfills mandatory reporting requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate serves as confirmation that the company's dematerialization processes are operating in accordance with regulatory guidelines, with no pending physical share certificates requiring conversion to electronic form.

The company maintains its listing on BSE Limited under scrip code 538860 with ISIN INE655P01029. Managing Director Sarita Gupta signed the official communication, ensuring proper corporate governance and regulatory compliance for the listed entity.