Issuance of upto 2,95,000 Equity Shares having face value of Rs. 10 each at an Issue Price of Rs. 40 aggregating upto Rs.1,18,00,000 (One Crore Eighteen Lakhs) on preferential basis to ....
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The Board of Panabyte Technologies Ltd has approved issuing up to 2,95,000 equity shares at Rs. 40 each on a preferential basis, raising up to Rs. 1.18 crore. The shares carry a face value of Rs. 10, meaning a premium of Rs. 30 per share is being charged. Of the total, promoters Prakash Vichhivora and Hetal Vichhivora will receive 10,000 shares each, while non-promoter public allottees Gautam Anand (2,37,500 shares) and Lakshit Kaul (37,500 shares) will take the bulk of the issue. The issue price is not lower than the floor price calculated under SEBI ICDR Regulations. An EGM has been scheduled for October 30, 2025 to seek shareholder approval.
The raise is relatively small (Rs. 1.18 crore) and is being done at a premium to face value, which is mildly positive for existing shareholders as it avoids dilution at a discount. However, the concentrated allotment to a single non-promoter investor (Gautam Anand receiving ~80% of the shares) may raise questions about controlling interest changes and warrants close attention.