Panther Industrial Products Ltd (524055)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Panther Industrial's revenue was ₹0.0 Cr, and net profit ₹-0.1 Cr (a bigger loss than a year earlier).
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.1 | loss widened | loss widened |
| Net profit | ₹-0.1 | loss widened | loss widened |
| EPS (₹) | -0.58 | loss widened | loss widened |
📢 Recent Corporate Announcements
Panther Industrial Products Limited announced that its shareholders approved the appointment of M/s R P M G & Associates, Chartered Accountants, as the company's Statutory Auditor during the 38th AGM held on September 30, 2026. The appointment is for a tenure of five consecutive years, spanning from the conclusion of the 38th AGM until the 43rd AGM. The company operates at near-zero revenue (TTM revenue of Rs 0 Cr and net worth of Rs 1 Cr), making this a standard statutory governance appointment.
- Appointment of M/s R P M G AND ASSOCIATES (FRN: 015428C) approved at the 38th AGM on September 30, 2026
- Auditor appointed for a term of 5 consecutive years from the 38th AGM to the 43rd AGM
- Appointed audit firm was established in 2010 and has seven CA partners
Panther Industrial Products Limited has scheduled a meeting of its Board of Directors on Friday, September 4, 2026. The primary agenda is to consider and recommend the appointment of M/s R P M G and Associates, Chartered Accountants (FRN: 015428C), as Statutory Auditors to fill a casual vacancy and for a tenure of 5 years. The company remains financially inactive with Rs 0 Cr in TTM revenue and a net loss of Rs 0.0813 Cr reported in the quarter ended June 2026.
- Board meeting scheduled for September 4, 2026 at 04:00 p.m. in Mumbai
- Proposal to recommend appointment of M/s R P M G and Associates (FRN: 015428C) as Statutory Auditors
- Appointment proposed to fill casual vacancy and for a 5-year term subject to requisite approvals
M/s Rajesh H. Gupta & Co has resigned as the Statutory Auditor of Panther Industrial Products Ltd effective August 13, 2026. The auditor cited an inability to devote the necessary time to the company's affairs as the primary reason for the exit. Crucially, the auditor confirmed they have completed the statutory audit for FY26 and the Limited Review Report for the quarter ended June 30, 2026. The company remains a zero-revenue entity with a net loss of Rs 0.23 Cr in FY26 and a small net worth of Rs 1 Cr.
- Resignation of Statutory Auditor effective from August 13, 2026
- Auditor completed the Limited Review Report for the quarter ended June 30, 2026, prior to resignation
- Company reported Rs 0.0 Cr revenue for the last five consecutive quarters
- Net worth of the company stands at approximately Rs 1 Cr
- Promoter holding remains stable at 49.02% as of June 2026
Panther Industrial Products reported zero revenue for the quarter ended June 30, 2026, consistent with its performance over the past year. The net loss widened to Rs 8.13 Lakhs compared to a loss of Rs 5.26 Lakhs in the year-ago period, driven by operating expenses and listing fees. The auditor issued a qualified opinion regarding undocumented bank balances of Rs 7,154 and a long-standing unsecured loan of Rs 23.20 Lakhs. Significantly, the company confirmed it is currently in the process of amalgamation with Shivang Edible Oils Limited.
- Revenue from operations remained at Rs 0.00 for the quarter ended June 30, 2026.
- Net loss for the quarter increased to Rs 8.13 Lakhs from Rs 5.26 Lakhs in Q1 FY26.
- Auditors flagged an undocumented unsecured borrowing of Rs 23.20 Lakhs from Scion.
- Negative reserves increased to Rs -50.05 Lakhs as of June 30, 2026, from Rs -41.91 Lakhs in March 2026.
- Company is in the process of amalgamation with Shivang Edible Oils Limited.
Panther Industrial Products reported zero revenue for the quarter ended June 30, 2026, continuing its trend of non-operational status. The company recorded a net loss of Rs 8.13 Lakhs, an increase from the Rs 5.26 Lakh loss in the same period last year, primarily due to listing fees and operating expenses. A critical disclosure in the auditor's report confirms the company is currently in the process of amalgamation with Shivang Edibles Oils Limited. Auditors also raised concerns regarding undocumented bank balances of Rs 7,154 and long-standing unsecured borrowings of Rs 23.20 Lakhs.
- Reported zero revenue for Q1 FY27, consistent with the previous year's performance.
- Net loss widened to Rs 8.13 Lakhs compared to a loss of Rs 5.26 Lakhs in Q1 FY26.
- Auditor highlighted an undocumented bank balance of Rs 7,154 at Canara Bank.
- Unsecured borrowings of Rs 23.20 Lakhs from Scion remain outstanding without adequate documentation for interest or classification.
- Confirmed ongoing amalgamation process with Shivang Edibles Oils Limited.
Panther Industrial Products has scheduled a board meeting for August 12, 2026, to review and approve unaudited financial results for the quarter ended June 30, 2026. The company is currently operating with zero revenue, reporting a TTM revenue of ₹0 Cr and a net loss for FY26. With a small net worth of ₹1 Cr and negative EPS of -₹1.65, the upcoming results are critical to see if there is any change in its operational status.
- Board meeting scheduled for August 12, 2026, at 4:00 p.m. in Mumbai.
- Agenda focuses on approving unaudited financial results for the quarter ended June 30, 2026.
- Trading window for insiders is closed until 48 hours after the results are filed.
- Company reported zero revenue across all four quarters of FY26.
- Net worth stands at a minimal ₹1 Cr as per latest available data.
Financial Performance
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