Regulatory12 Aug 2026, 06:14 pm
Panafic Industrials Reports Nil Deviation in Right Issue Fund Utilization
AI Summary
Panafic Industrials Ltd has submitted a statement to BSE confirming nil deviation or variation in the utilization of funds raised through its Right Issue for the quarter ended June 30, 2026. The company raised ₹41.06 crore and has utilized ₹27.53 crore for working capital (loan disbursements) and ₹50.000 for issue expenses. The utilization aligns with the objects stated in the offer document. The Audit Committee and Board of Directors have reviewed and taken on record the statement, confirming no deviations.
Key Highlights
- Panafic Industrials confirms no deviation in Right Issue fund utilization for Q2 2026.
- Funds were used for working capital (loan disbursements) and issue expenses.
- Utilization aligns with the offer document's stated objects.
- Audit Committee and Board of Directors have reviewed and approved the statement.
- Total funds raised were ₹41.06 crore.
Price Impact
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