Panafic Industrials shareholders approve name change at 41st AGM
- Panafic Industrials held its 41st AGM on September 11, 2026, in Delhi
- Shareholders approved a special resolution to change the company's name
- Ordinary resolutions included adoption of FY26 financials and director reappointment
- Chairperson highlighted operational focus amid inflation and competition
*this image is generated using AI for illustrative purposes only.
Panafic Industrials Limited held its 41st Annual General Meeting on September 11, 2026, in Delhi. The meeting concluded with shareholders approving ordinary resolutions for financial statements and a special resolution to change the company’s name.
Ms. Sarita Gupta, Chairperson and Managing Director, chaired the proceedings. A total of 64 members attended physically, establishing the requisite quorum. The meeting commenced at 10:00 am and concluded at 11:00 am.
Key Resolutions Passed
The members transacted several items of business as outlined in the notice dated August 17, 2026. The resolutions were put to a poll, scrutinized by M/s JVP & Associates Company Secretaries LLP.
| Item No. | Particulars of Resolution | Type of Resolution |
|---|---|---|
| 1 | Adoption of Audited Financial Statements for FY26 | Ordinary |
| 2 | Re-appointment of Ms. Renu as Director | Ordinary |
| 3 | Change of name of the Company | Special |
| 4 | Alteration of name clause in Memorandum of Association | Special |
| 5 | Alteration of Articles of Association consequent to name change | Special |
| 6 | Appointment of Secretarial Auditors | Ordinary |
Management Commentary
During her address, Ms. Gupta highlighted the company’s focus on operational excellence and efficiency building during FY26. She noted that the company maintained a competitive market position despite challenges arising from inflation, intense competition, and regulatory pressures.
The Chairperson provided a summary of the Annual Report, including remarks from the Statutory and Secretarial Auditors for the financial year ended March 31, 2026. Members were informed that statutory registers are available for inspection upon request.
Voting Process
The company facilitated remote e-voting from September 8, 2026, at 9:00 am to September 10, 2026, at 5:00 pm. Members present who had not voted remotely cast their votes via ballot paper. The scrutinizer will submit the consolidated voting report to the stock exchanges in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Presence
The following directors and key managerial personnel attended the meeting:
- Ms. Sarita Gupta (Chairperson/Managing Director)
- Mr. Duraiswamy Basuvaiah (Non-Executive Independent Director)
- Mr. Chandan (Non-Executive Independent Director)
- Ms. Aarushi Gupta (Chief Financial Officer)
- Mr. Dharmender Kumar (Company Secretary & Compliance Officer)
CA Apoorv Aggarwal represented the statutory auditors, M/s Sudhir Agrawal & Associates.
Historical Stock Returns for Panafic Industrials
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.63% | +2.05% | +13.18% | +301.61% | +219.23% | 0.0% |
What is the new corporate name approved by shareholders, and what strategic rationale drives this rebranding initiative?
How does management plan to leverage the stated focus on operational excellence to mitigate the impact of persistent inflation and regulatory pressures in FY27?
Will the reappointment of Ms. Renu as Director signal any shifts in the company's long-term strategic direction or governance structure?
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