Panafic Industrials Ltd — Updates, 26-04-2025: Company Update

Panafic Industrials Ltd. has responded to a query regarding the resignation of Ms. Reena Bhaskar as Company Secretary and Compliance Officer, effective February 15, 2024. The company acknowledged the delay in notifying this change and submitting her resignation letter, attributing it to inadequate professional guidance. Steps have been taken to engage qualified professionals to prevent future compliance issues. The company emphasizes the importance of timely communication and seeks leniency for the oversight. Investors may view this positively as the company seems committed to improving governance practices, though the delay could raise concerns about operational efficiency.