Issuance of upto 2,95,000 (Two Lakhs Ninety-Five Thousand) Equity Shares having face value of ?10 (Ten) each at a price of ?40 (Fourty Rupees) payable in cash including premium of ?30 (Thirty ....
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Awaiting price reaction for this filing.
Panabyte Technologies' board, on 1st October 2025, approved issuing up to 2,95,000 equity shares at ₹40 each (face value ₹10 + ₹30 premium) on a preferential basis, aggregating up to ₹1.18 crore. Of these, 20,000 shares are earmarked for two promoters (Prakash Vichhivora and Hetal Vichhivora, 10,000 each) and 2,75,000 shares for two non-promoter allottees (Gautam Anand – 2,37,500 shares; Lakshit Kaul – 37,500 shares). The issue price is not lower than the SEBI floor price under Regulation 164 of the ICDR Regulations. An Extra-ordinary General Meeting has been scheduled for 30th October 2025 to seek shareholder approval.
This is a small capital raise (around ₹1.18 crore) that will cause mild equity dilution. Post-issue, promoter Hetal Vichhivora's stake stays around 3.14%, while new non-promoter Gautam Anand will emerge with about 3.19% and Lakshit Kaul with 0.50%. Given the modest size and the issue being at a premium to face value, the dilution and price impact should be limited, though shareholder approval at the EGM remains a key checkpoint.