Panafic Industrials Acquires 19.78% Stake in Bazel International Through Preferential Allotment

1 min read Updated on 24 Feb 2026, 05:05 PM

Reviewed by

Ashish TScanX News Team

Overview

Panafic Industrials Limited acquired 7,62,392 equity shares (19.78% stake) in Bazel International Limited through preferential allotment on February 20, 2026. The acquisition was executed via loan-to-equity conversion, with the company confirming it is not part of Bazel's promoter group. The transaction increased Bazel's total equity capital from 27,86,033 to 38,55,222 shares valued at ₹3,85,52,220.

*this image is generated using AI for illustrative purposes only.

Panafic Industrials Limited has announced the acquisition of a substantial stake in Bazel International Limited through preferential allotment, as disclosed under SEBI regulations. The transaction represents a significant strategic investment executed through loan-to-equity conversion.

Acquisition Details

The company acquired 7,62,392 equity shares of Bazel International Limited on February 20, 2026, through preferential allotment pursuant to conversion of loan into equity. This acquisition represents 19.78% of the target company's total voting capital.

Parameter	Details
Shares Acquired	7,62,392
Stake Percentage	19.78%
Acquisition Date	February 20, 2026
Mode	Preferential Allotment
Method	Loan-to-Equity Conversion

Shareholding Structure Changes

Prior to this acquisition, Panafic Industrials Limited held no shares in Bazel International Limited. The transaction significantly altered the target company's capital structure.

Metric	Before Acquisition	After Acquisition
Panafic's Holding	0 shares (0%)	7,62,392 shares (19.78%)
Total Equity Shares	27,86,033	38,55,222
Share Capital Value	₹2,78,60,330	₹3,85,52,220
Face Value per Share	₹10	₹10

Regulatory Compliance

The disclosure was made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Panafic Industrials Limited confirmed that it does not belong to the promoter or promoter group of Bazel International Limited.

Additional Share Issuance

Alongside Panafic Industrials' acquisition, Bazel International Limited also issued 3,06,797 equity shares to Chaser Financial Services Private Limited. The combined allotments resulted in the total paid-up share capital reaching ₹3,85,52,220, comprising 38,55,222 equity shares.

Panafic Industrials Reports Strong Q3FY26 Results with 84% Profit Growth

3 min read Updated on 06 Feb 2026, 09:26 PM

Reviewed by

Radhika SScanX News Team

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Overview

Panafic Industrials Limited reported robust Q3FY26 financial results with quarterly revenue of ₹22.06 lakhs and net profit of ₹13.16 lakhs, representing growth of 65.37% and 84.06% respectively compared to the previous year. The nine months performance was equally strong with total revenue of ₹71.10 lakhs and net profit of ₹28.38 lakhs, showing significant improvement over the corresponding period.

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Panafic Industrials Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating robust operational performance. The company reported quarterly revenue of ₹22.06 lakhs and net profit of ₹13.16 lakhs, marking significant growth compared to the corresponding period last year.

Board Meeting and Regulatory Compliance

The Board of Directors convened on February 11, 2026, at the company's registered office located at 23, II Floor, North West Avenue, Club Road, West Punjabi Bagh, New Delhi - 110026. The meeting commenced at 3:30 PM and concluded at 4:30 PM, with the primary agenda being the approval of unaudited financial results for Q3FY26.

Meeting Details:	Information
Date:	February 11, 2026
Duration:	3:30 PM - 4:30 PM
Venue:	23, II Floor, North West Avenue, Club Road, West Punjabi Bagh, New Delhi - 110026
Primary Agenda:	Approval of Q3FY26 unaudited financial results
Regulatory Framework:	Regulation 30 and 33(3)(a) of SEBI LODR

Q3FY26 Financial Performance

The company's financial results for the quarter ended December 31, 2025, showcase impressive growth across key metrics. Revenue from operations, primarily consisting of interest income, reached ₹22.06 lakhs compared to ₹13.34 lakhs in Q3FY25. Net profit for the quarter stood at ₹13.16 lakhs, representing substantial improvement from ₹7.15 lakhs in the corresponding quarter of the previous year.

Q3 Performance:	Q3FY26	Q3FY25	Growth (%)
Revenue from Operations:	₹22.06 lakhs	₹13.34 lakhs	65.37%
Total Expenses:	₹8.90 lakhs	₹6.19 lakhs	43.78%
Net Profit:	₹13.16 lakhs	₹7.15 lakhs	84.06%
Earnings Per Share:	₹0.02	₹0.01	100.00%

Nine Months Cumulative Results

For the nine months ended December 31, 2025, the company reported total revenue of ₹71.10 lakhs compared to ₹45.95 lakhs in the corresponding period of the previous year. Net profit for the nine-month period reached ₹28.38 lakhs, significantly outperforming the ₹11.20 lakhs achieved in the same period last year.

Nine Months Performance:	FY26	FY25	Growth (%)
Total Revenue:	₹71.10 lakhs	₹45.95 lakhs	54.73%
Total Expenses:	₹42.72 lakhs	₹34.75 lakhs	22.93%
Net Profit:	₹28.38 lakhs	₹11.20 lakhs	153.39%
Earnings Per Share:	₹0.03	₹0.01	200.00%

Auditor Review and Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. Sudhir Agarwal & Associates, Chartered Accountants, conducted the limited review of the results and issued an unqualified review report. The statutory auditors confirmed that nothing came to their attention that would cause them to believe the financial statements contain material misstatements.

Compliance Framework:	Details
Accounting Standards:	Indian Accounting Standards (Ind AS)
Statutory Auditor:	Sudhir Agarwal & Associates, Chartered Accountants
Review Standard:	SRE 2410 - Review of Interim Financial Information
Report Status:	Unqualified review report
Regulatory Filing:	BSE Limited under Regulation 30 and 33 of SEBI LODR

Trading Window and Market Information

The trading window closure implemented from January 1, 2026, will conclude on February 13, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The company maintains its paid-up equity share capital of ₹821.25 lakhs with a face value of Re. 1 per share.

Market Information:	Details
Trading Window Closure:	January 1, 2026 to February 13, 2026
Paid-up Equity Capital:	₹821.25 lakhs
Face Value per Share:	Re. 1
Other Equity:	₹171.30 lakhs
Scrip Code (BSE):	538860