Panafic Industrials Ltd. (PANAFIC) — Tipsheet https://tipsheet.markets/company/panafic/ Every Tipsheet Editorial note covering Panafic Industrials Ltd. (PANAFIC), newest first. Grounded in BSE/NSE primary-source filings. en-in Mon, 06 Jul 2026 10:22:48 GMT Panafic's equity is gone. Now it's raising ₹41 cr to get it back. https://tipsheet.markets/panafic-panafic-s-equity-is-gone-now-it-s-raising-41-cr-to-get-it-back-98952/ https://tipsheet.markets/panafic-panafic-s-equity-is-gone-now-it-s-raising-41-cr-to-get-it-back-98952/ Tue, 26 May 2026 16:43:33 GMT The nano-cap swung to a full-year loss, turned technically insolvent, and is mid-way through a massive rights issue to survive. The nano-cap swung to a full-year loss, turned technically insolvent, and is mid-way through a massive rights issue to survive.

What’s new

  • Full-year net loss of ₹2.37 cr vs. a ₹0.03 cr profit last year.
  • Net worth swung to negative ₹0.63 cr from positive ₹1.73 cr.
  • The company is raising ₹41.06 cr in a rights issue to repair its balance sheet.

Why it matters

Panafic burned through its entire equity base in a single year, leaving negative book value. The ₹41.06 cr rights issue isn't a growth bet; it's a recapitalisation for a company that just became technically insolvent.

What we’re watching

  • Whether the ₹41.06 cr rights issue closes successfully given the loss-making results.
  • How the ₹5.10 cr Q4 inventory purchase converts to sales.
  • Whether losses continue, deepening the equity hole.

The full read

Panafic Industrials swung to a ₹2.37 crore full-year loss, reversing a ₹0.03 crore profit. The damage was concentrated in Q4, where a ₹2.65 crore loss followed ₹5.10 crore in inventory purchases. That quarter alone pushed the balance sheet into the red. Net worth fell from positive ₹1.73 crore to negative ₹0.63 crore in twelve months. The results are the context for the ₹41.06 crore rights issue now underway. It is raising nearly as much as the company's ₹48 crore market cap to repair a capital base that just went negative. The inventory build is the number to watch. If the stock converts to sales, the losses reverse. If not, the rights proceeds will fund cash that has already vanished.

Primary source: BSE · NSE

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