Submission of Notice convening the Extra-Ordinary General Meeting of the Company scheduled to be held on Thursday, 30th October, 2025 at 03:00 p.m. (I.S.T.) through Video Conferencing (VC)/Other ....
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Awaiting price reaction for this filing.
Panabyte Technologies Ltd has called an EGM on October 30, 2025 at 3:00 PM (via Video Conferencing) to seek shareholder approval for issuing up to 2,95,000 equity shares at ₹40 each (face value ₹10, premium ₹30) on a preferential basis, raising up to ₹1.18 crore. The shares are proposed to be allotted to four allottees — promoters Prakash Vichhivora and Hetal Vichhivora (10,000 shares each, ₹4 lakh) and non-promoters Gautam Anand (2,37,500 shares, ₹95 lakh) and Lakshit Kaul (37,500 shares, ₹15 lakh). The relevant date for pricing is September 30, 2025, with a floor price of ₹37.75 certified by D.M. Zaveri & Co. The proceeds are intended for business growth, loan repayment, purchase of premises for manufacturing units, working capital, and general corporate purposes.
This is a small preferential issue (₹1.18 crore) that will result in minor dilution for existing shareholders. Promoters are also participating, which signals confidence, though the bulk of the funds (about 80%) are coming from a single non-promoter allottee, Gautam Anand.