We wish to inform you about the execution of the agreement for purchase of land, in continuation of our letter dated January 16, 2026. The detailed letter is attached herewith.
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Panabyte Technologies has signed an agreement to buy a 3,309 square meter land parcel in Village Kalwar, Bhiwandi, Thane for a total value of ₹4.91 crores. The land will be used for the company's future business expansion, specifically to build a data center or manufacturing facility. Payment is structured as 30% advance (₹1.47 crores) on execution and the remaining 70% (₹3.43 crores) within 24 months. The seller, M/s. Shubham Spaces, is not related to the company's promoters, and there is no impact on management control or related party concerns.
This signals a forward-looking expansion commitment by Panabyte, locking in nearly ₹5 crores of capital deployment over the next two years for a data center or manufacturing facility, which could shape its future growth trajectory. For a small-cap company, this is a meaningful capital outlay, though execution and fund-raising risks remain given the staggered payment schedule.