Proceedings of the Extra-Ordinary General Meeting of the Company pursuant to Reg. 30 of SEBI (LODR) Reg., 2015.
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Panabyte Technologies held an Extra-Ordinary General Meeting (EGM) on October 30, 2025, via video conferencing. The main business considered was a Special Resolution to issue up to 2,95,000 equity shares on a preferential basis to members of the promoter and non-promoter group, originally approved by the Board on October 1, 2025. Management highlighted that the preferential route was chosen as the most cost-effective and time-efficient way to raise capital for business plans, growth, general corporate purposes, and working capital needs. The meeting was attended by the Chairman & Managing Director, Whole-Time Director, Company Secretary, statutory and secretarial auditors, and shareholders. Remote e-voting and e-voting during the meeting were facilitated through CDSL, with results to be declared within two working days.
The preferential allotment of up to 2.95 lakh equity shares to promoter and non-promoter groups will dilute existing shareholders but bring in fresh capital for growth and working capital needs. Shareholders should watch for the voting results, which will determine whether the fundraising plan moves forward.