Panther industrial products Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing continued operational challenges with zero revenue generation. The Board of Directors approved these results during their meeting held on February 12, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 reflects ongoing difficulties in revenue generation while maintaining reduced operational expenses compared to the previous year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Panther Industrial Products Limited demonstrated improved loss management compared to the corresponding period in the previous financial year.

Expense Breakdown

The company's expense structure for Q3FY26 showed significant reductions across most categories:

• Operating and other expenses: ₹3.81 lakhs (Q3FY25: ₹4.32 lakhs)
• Communication expenses: ₹0.04 lakhs (Q3FY25: ₹0.04 lakhs)
• Depreciation expenses: ₹0.11 lakhs (Q3FY25: ₹0.50 lakhs)
• Listing fees: ₹0.81 lakhs (Q3FY25: ₹19.53 lakhs)
• Re-insurance fees: ₹0.00 lakhs (Q3FY25: ₹36.60 lakhs)

Balance Sheet Position

As of December 31, 2025, the company's financial position showed total assets of ₹851.47 lakhs compared to ₹865.03 lakhs as of March 31, 2025. The company maintains a paid-up equity share capital of ₹140.00 lakhs with reserves and surplus showing a deficit of ₹33.80 lakhs.

Shareholding Pattern

The promoter and promoter group shareholding remained stable at 50.98% with 6,86,337 non-encumbered shares. Public shareholding stands at 7,15,670 shares representing 49.02% of the total shareholding.

Auditor's Review

The statutory auditors noted that the company has not reported any revenue for the first nine months of the current financial year. However, management has provided written confirmation indicating that revenue is expected to be generated by the end of the financial year. The limited review was conducted in accordance with Standard on Review Engagements (SRE) 2410.

Panther Industrial Products Limited has successfully completed the relocation of its registered office from Maharashtra to Madhya Pradesh, following regulatory approval from the Regional Director on December 12, 2025. The company has notified BSE Limited of this significant corporate development under Regulation 30 of SEBI (LODR) requirements.

Regulatory Approval and Timeline

The office relocation received formal approval through an order passed by the Regional Director (Western Region), Ministry of Corporate Affairs, Mumbai on December 12, 2025. The application was filed under Section 13(4) of the Companies Act, 2013, with Service Request Number AB4704011. The relocation was initially approved through a special resolution passed on March 18, 2025, during the company's General Meeting in accordance with Section 114 of the Act.

New Office Address Details

The company's registered office has been relocated from Mumbai, Maharashtra to Gwalior, Madhya Pradesh. The new address provides the company with a strategic presence in the central Indian state.

Compliance and Documentation

The Regional Director's order confirmed that the application complied with Section 13(4) of the Companies Act, 2013 and Rule 30 of the Companies (Incorporation) Rules, 2014. The approval came after a thorough review by the Registrar of Companies, Mumbai, which reported on December 12, 2025, that no complaints, inquiries, inspections, investigations, or prosecutions were pending against the company.

The order includes specific conditions ensuring that no employee working at the registered office will be adversely affected by transfer, retrenchment, or otherwise. Additionally, there will be no jurisdictional change in any legal proceedings pending against the company as of the order date.

Stock Exchange Notification

Panther Industrial Products Limited has formally notified BSE Limited about the registered office change through a communication dated January 22, 2026. The company, trading under scrip code 524055, has requested BSE to update its database with the new address and contact information. The notification was signed by Kaushik C. Shah, Managing Director (DIN: 00009510), ensuring compliance with regulatory disclosure requirements.