Panafic Investment and Finance Limited submitted a certificate to BSE Limited confirming the non-applicability of disclosures for related party transactions as required under Regulation 23(9) of SEBI LODR Regulations, 2015 for the half-year ended 30th September 2026.
The exemption is based on Regulation 15 of SEBI LODR Regulations, 2015, which exempts companies from certain corporate governance provisions (Regulations 17 to 27, clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, and paras C, D and E of Schedule V) if they meet specific size criteria.
As of the financial year ended 31st March 2026, the company's paid-up equity share capital was ₹8,21,25,000 (not exceeding ₹10 crore) and net worth was ₹7,58,14,101 (not exceeding ₹25 crore), placing it below the prescribed threshold limits for compliance.
However, on 26th May 2026, the company allotted 41,06,25,000 fully paid-up equity shares of face value ₹1 each pursuant to a Rights Issue. This allotment caused the company's paid-up share capital to exceed the prescribed threshold limits.
Consequently, the provisions of Regulations 17 to 27, clauses (b) to (i) and (t) of sub-regulation (2) of Regulation 46, and paras C, D and E of Schedule V will become applicable to the company. The company states it will comply with these applicable provisions within six months from the date of allotment (26th May 2026), as required by regulation.
The communication was signed by Sarita Gupta, Managing Director (DIN: 00113099), and addressed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.