The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Hetal Mavji Vichhivora
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Panabyte Technologies Ltd allotted 1,26,368 warrants to promoter Hetal Mavji Vichhivora on April 30, 2025, at a subscription price of ₹12 per warrant, aggregating ₹15.16 lakh. The warrants are convertible into equity shares on payment of a balance ₹36 per warrant within 18 months. Post-allotment, the promoter's total holding (shares + warrants) rises to 2,23,631 units, increasing her stake from 1.90% to 4.36% of the company's share capital. The company allotted a total of 3,50,000 warrants across allottees, with the total diluted share capital expanding to 71,40,000 shares upon full conversion.
This signals continued promoter confidence and capital infusion into Panabyte Technologies. Since the promoter is increasing her economic interest (though warrants carry no voting rights until converted), it is mildly positive for shareholders, suggesting insider belief in the company's growth. The diluted capital will expand significantly if all warrants convert.