Panabyte Technologies Limited has informed the Exchange about Statement of Deviation/Variation under Regulation 32 of the SEBI ( Listing Obligations and Disclosure Requirements) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panabyte Technologies has filed a routine quarterly compliance statement under SEBI Regulation 32 confirming there is no deviation or variation in the use of funds raised through its preferential issue of convertible warrants. The company originally allotted 24,00,000 convertible warrants on April 20, 2024, of which 7,40,000 warrants were converted into equity shares in January and March 2025 after the allottees paid the remaining 75% of the issue price at INR 14.80 per warrant. This conversion brought in INR 1.09 crore during the quarter ended March 31, 2025. The Audit Committee reviewed the statement and had no comments, and the auditors also raised no concerns.
This is a neutral, routine compliance filing that signals transparency and disciplined use of investor funds, with no negative flags. The partial conversion of warrants into equity shows that the original investors are honouring their commitments, which is mildly positive for shareholders.