Rights Issue11 April 2026 at 12:00 pm
Panafic Industrials approves 41.06 Cr Rights Issue; sets record date
AI Summary
Panafic Industrials Ltd's Board of Directors has approved the final terms for its Rights Issue. The company will issue 41,06,25,000 fully paid-up equity shares, each with a face value and issue price of 1/-, aiming to raise an aggregate amount not exceeding 4106.25 Lakhs ( 41.0625 Crores). The Rights Entitlement Ratio is set at 5 Rights Equity Shares for every 1 fully paid-up Equity Share held. The record date for determining eligible shareholders for the Rights Entitlement has been fixed as Friday, April 17, 2026. The Rights Issue will open on Friday, April 24, 2026, and close on Friday, May 08, 2026.
Key Highlights
- Board approved final terms for a Rights Issue of equity shares.
- Issue size is up to 41.06 Crores, offering 41.06 Cr shares at 1 each.
- Record date for eligibility is April 17, 2026.
- Rights ratio is 5 new shares for every 1 existing share.
- Issue opens April 24, 2026, and closes May 08, 2026.