This is to inform you that the Board of Directors of Panabyte Technologies Limited ('the Company') at its meeting held today i.e., Friday, 16th January, 2026; has inter-alia considered ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panabyte Technologies' board, at its meeting on January 16, 2026, approved the purchase of 3,309 square meters of land in Village Kalwar, Bhiwandi, Thane from M/s. Shubham Spaces (an unrelated party). The land will be used for expanding business by developing a Data Center or Manufacturing facility. Total deal value is approximately ₹4.91 crore — 30% (₹1.47 crore) as advance upon agreement signing, and 70% (₹3.43 crore) to be paid within 24 months. The transaction is arm's length with no related party involvement and no impact on management or control of the company.
This is a strategic expansion move signalling the company's plans to set up its own Data Center/Manufacturing infrastructure, though the financial commitment is modest (under ₹5 crore) and spread over two years, limiting immediate cash outflow. Shareholders should watch for further updates on project timelines and funding plans.