Panafic Industrials Ltd — Important, 22-05-2026: Company Update

Panafic Industrials has confirmed the closure of its Rights Issue subscription. The company offered 41,06,25,000 new equity shares at Rs. 1 each, targeting an aggregate amount of up to Rs. 41.06 Cr. This capital raise was offered to existing shareholders in a 5:1 ratio, meaning five rights shares for every one share held. Investors should note that any unused Rights Entitlements will now lapse. This successful closure marks a key step in the company's capital mobilization efforts.