The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Narayan Das Mundhra & Sabita Mundhra
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Panabyte Technologies informed the exchange about a Regulation 29(1) disclosure filed by Narayan Das Mundhra and Sabita Mundhra, who are NOT classified as promoters. They received 1,00,000 equity shares of face value Rs. 10 each upon conversion of equal number of warrants at an issue price of Rs. 19.75 per share (warrant exercise price of Rs. 14.80), aggregating to Rs. 14,80,000. The shares were allotted on a preferential basis by the Board on October 18, 2025. Their combined holding increased from approximately 1.40% to 4.48% of the company's paid-up share capital (from 1,00,000 to 3,00,000 shares). The company's total equity share capital expanded from Rs. 5,49,50,000 (54,95,000 shares) to Rs. 6,69,00,000 (66,90,000 shares) following this allotment.
Two non-promoter individuals have steadily built their stake close to the 5% SEBI takeover threshold, which could bring more regulatory disclosures and potential open-market dynamics ahead. The preferential warrant conversion also diluted existing shareholders by issuing new equity, increasing total share count by roughly 22%.