Panafic Industrials Ltd - Confirmation Of Non-Applicability Of SEBI Circular Dated 26Th November, 2018 Pertaining To Fund Raising By Issuance Of Debt Securities By Large Entities.

With reference to SEBI circular no. SEBI/ HO/DDHS/CIR/P/2018/144 dated Nov. 26, 2018 perstaining to fund raising by issuance of debt securities by large corporate, we would like to confirm that PANAFIC INDUSTRIALS LIMITED does not qualify as ''Large Corporate''.