The Board of Director by way of passing circular resolution dated 23 August 2025, allotted 3,65,000 Equity shares having face value of Rs.10 each upon conversion / exchange of equal number ....
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Awaiting price reaction for this filing.
Panabyte Technologies has allotted 3,65,000 equity shares (face value ₹10 each) to HBPA Tradex Private Limited upon conversion of warrants originally issued on April 20, 2024. The company received ₹54.02 lakh as warrant exercise price at ₹14.80 per warrant (75% of the ₹19.75 total warrant issue price). This is a partial conversion of the 24,00,000 warrants originally allotted. After this allotment, the paid-up share capital has increased to ₹5.49 crore consisting of 54,95,000 equity shares. HBPA Tradex now holds 6,35,000 shares, representing 11.56% of the post-issue share capital.
This is a routine warrant-to-equity conversion that dilutes existing shareholders marginally (the new shares rank pari-passu with existing shares). No fresh capital infusion beyond the agreed warrant exercise price; it simply completes a previously announced preferential allotment. Watch for the remaining unexercised warrants and their 18-month expiry timeline.