Description
BSE notifies trading members that Panafic Industrials Ltd has fixed 17 April 2026 as the record date for a rights issue, offering 5 equity shares of Rs.1/- each at par for every 1 equity share held. Trading in the company's shares must be conducted on an ex-rights basis from 17 April 2026.
Summary
BSE has informed trading members that Panafic Industrials Ltd (Scrip Code: 538860) has fixed 17 April 2026 as the record date for a Rights Issue of Equity Shares. Trading in the company’s equity shares must be conducted on an ex-rights basis effective from 17 April 2026 under Settlement No. DR-612/2026-2027.
Key Points
- Panafic Industrials Ltd (BSE Code: 538860) has announced a rights issue with record date 17 April 2026
- Rights ratio: 5 equity shares for every 1 equity share held
- Issue price: Rs. 1/- per share (face value, i.e., at par, for cash)
- Ex-rights trading commences: 17 April 2026
- Settlement reference: DR-612/2026-2027
- Segment: Dematerialised Securities – Rolling Settlement Segment
Regulatory Changes
No regulatory framework changes. This is a company-specific corporate action notification issued under BSE’s Listing Operations department.
Compliance Requirements
- Trading members must ensure all transactions in Panafic Industrials Ltd equity shares are executed on an ex-rights basis from 17 April 2026 onwards
- Members must update client records to reflect the ex-rights adjustment effective from the stated date
Important Dates
| Event | Date |
|---|---|
| Circular Issue Date | 13 April 2026 |
| Record Date | 17 April 2026 |
| Ex-Rights Trading Effective From | 17 April 2026 |
| Settlement Number | DR-612/2026-2027 |
Impact Assessment
This circular has a medium impact limited to existing shareholders of Panafic Industrials Ltd and trading members dealing in the scrip. The rights issue offers a 5:1 entitlement at par (Rs. 1/-), which represents a significant dilution ratio. Shareholders who do not subscribe to the rights issue will face dilution of their holding. Trading members must ensure proper ex-rights adjustments are applied from 17 April 2026. No broader market or systemic impact is expected.
Impact Justification
Company-specific corporate action affecting only Panafic Industrials Ltd shareholders. The rights issue ratio of 5:1 at par is significant for existing shareholders but has no broader market or regulatory implications.