The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HBPA Tradex Pvt Ltd
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HBPA Tradex Private Limited, a non-promoter acquirer, disclosed the acquisition of 3,65,000 equity shares of Panabyte Technologies through the conversion of an equal number of warrants at Rs. 19.75 per share, aggregating to about Rs. 54.02 lakh. The conversion happened as part of a preferential allotment approved by Panabyte's Board on October 18, 2025, and the disclosure was filed on October 20, 2025. After this conversion, HBPA Tradex holds 10,00,000 shares of Panabyte, equal to 14.95% of the expanded equity share capital, up from 11.56% before conversion. Panabyte's total equity shares rose from 54,95,000 to 66,90,000, with diluted share capital expanding to 71,40,000 shares.
A non-promoter entity is steadily building its stake in Panabyte Technologies to nearly 15% through warrant conversion, signalling long-term interest. This does not trigger any open-offer obligation at current levels, but retail investors should track further acquisitions by this entity as the holding edges closer to higher disclosure thresholds.