Monitoring Agency Appointment
Panafic Investment & Finance Limited appointed Infomerics Valuation and Rating Limited as the Monitoring Agency to monitor the utilization of funds raised through the Rights Issue of Equity Shares of the Company.
Issue Details
- Issue Type: Right Issue
- Issue Period: April 24, 2026 to May 22, 2026 (extended from May 08, 2026 to May 22, 2026)
- Type of Securities: Equity Shares
- Gross Issue Size: ₹41.06 crore
- Issue Expenses: ₹0.50 crore
- Net Proceeds Available for Utilization: ₹40.56 crore
- Grading: Not Applicable
Utilization of Proceeds
The entire Rights Issue proceeds have been fully utilized by September 30, 2026, with no unutilized balance remaining. This report constitutes the final Monitoring Agency Report.
Object-wise Utilization:
1. Funding Working Capital Requirements: ₹36.00 crore (fully utilized)
- During the quarter ended September 30, 2026, the company utilized ₹8.47 crore towards disbursement of loans to 17 borrowers comprising individuals, HUFs, partnership firms, LLPs, private limited companies and other business entities
- Loan disbursements ranged from ₹3 lakhs to ₹1.00 crore
- Disbursements made between July 2, 2026 and July 20, 2026
- Proceeds deployed across diversified borrowers operating in different sectors and geographies
2. General Corporate Purpose: ₹4.56 crore (fully utilized)
- During the quarter, ₹0.46 crore was utilized for loan disbursement to individuals
3. Issue Expenses: ₹0.50 crore (fully utilized during quarter ended June 30, 2026)
Monitoring Agency Findings
- No deviation from the objects disclosed in the Offer Document
- No range of deviation observed
- No material deviations from expenditures disclosed in the Offer Document
- No change in means of finance for disclosed objects
- No major deviation observed over earlier monitoring agency reports
- All Government/Statutory approvals related to the objects obtained
- No favorable or unfavorable events affecting object viability
- No relevant information that may materially affect investor decision making
Verification and Certification
The utilization details were verified by Sudhir Agarwal & Associates, Chartered Accountants (Membership No: 571062), statutory auditor of the company, vide CA certificate dated November 03, 2026. The auditor confirmed no deviations from expenditure disclosed in the Offer document.
Corporate Actions
During the period under review, the company applied to ROC for change of name, which was approved on October 16, 2026, changing from Panafic Industrials Limited to Panafic Investment & Finance Limited.