Allotment of 3,50,000 (Three Lakh Fifty Thousand) Warrants Convertible into, or exchangeable for, 1 (One) Equity Share of the Company pursuant to Regulation 30 of the Securities and Exchange ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts less than Nifty Microcap 250 and 0.8 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Panabyte Technologies Ltd has allotted 3,50,000 convertible warrants to two promoter-group members — Prakash Vichhivora (2,23,632 warrants) and Hetal Vichhivora (1,26,368 warrants) — on a preferential basis. Each warrant is convertible into one equity share of ₹10 face value at an issue price of ₹48 per warrant, taking the total potential inflow to ₹1.68 crore. The company has already received ₹42 lakh as 25% upfront subscription money (₹12 per warrant). The balance ₹36 per warrant will be payable by the allottees within 18 months when they choose to convert the warrants into shares. The move was approved by shareholders at an EGM on March 6, 2025 and received BSE in-principle approval on April 15, 2025.
This is a small preferential warrant issue to existing promoters, which signals promoter confidence but will lead to dilution of public shareholders once the warrants are exercised within 18 months. Given the modest size (₹1.68 crore), the immediate impact on the stock is likely limited.