Panther Industrial Products Limited engages in commercial trading activities, financial advisory services, and the supply of industrial materials in India. The company operates through trading, treasury management, and industrial packaging segments. Its product and service portfolio comprises polyvinyl chloride (PVC) flexible sheets and unsupported films; Wavelock reinforced multi-layered plastic protective covers; industrial wrapping, tarpaulins, and agricultural protective coverings; vinyl upholstery fabrics and commercial plastic laminates; wholesale commodity and merchandise trading; and corporate financial advisory, treasury placement, and inter-corporate deposit management services. The company serves industrial fabricators, commercial packaging consumers, logistics operators, and agricultural enterprises throughout India. Originally incorporated in October 1987 as Bhor Wavelock Industries Limited and renamed Panther Industrial Products Limited in December 1997, the company is headquartered in Mumbai, Maharashtra, India, and operates as a subsidiary of Saimangal Investrade Ltd. In recent major developments, the Board of Directors approved a composite scheme of amalgamation and arrangement involving a reverse merger with Shivang Edibles Oils Limited valued at approximately INR 33.1 million, establishing a share swap ratio of 1 equity share of Shivang Edibles Oils Limited for every 19 equity shares of Panther Industrial Products Limited, subject to statutory clearances and sanction from the National Company Law Tribunal. Concurrently, the company has strategically shifted its core business focus from capital-intensive PVC manufacturing toward third-party trading operations, liquidity management, and specialized financial consultancy services.