Panabyte Technologies Limited has declared the voting results for its 45th Annual General Meeting (AGM), confirming that all proposed resolutions were passed by shareholders with the requisite majority.

The meeting, held on September 23, 2026, at 3:00 pm IST via video conference, saw the adoption of audited financial statements for FY26 and the reappointment of directors retiring by rotation. Special resolutions regarding remuneration revisions for the Chairman & Managing Director and Whole-Time Director also secured approval.

Resolutions and Governance Updates

Shareholders voted on several ordinary and special business items. The agenda included the adoption of financial statements and the reappointment of directors retiring by rotation. Notably, special resolutions were tabled to revise the remuneration terms for both the Chairman & Managing Director and the Whole-Time Director.

Voting Participation and Scrutiny

The company extended remote e-voting facilities prior to the meeting and provided an e-voting system during the AGM for members who had not voted remotely. M/s. D. M. Zaveri & Co., Company Secretaries, served as the scrutinizer for the voting process to ensure transparency. The results were declared on September 23, 2026, and are available on the company website and the CDSL e-voting portal.

Participation data indicates that out of 3,096 shareholders on record as of September 16, 2026, 30 attended the meeting through video conferencing. This included one representative from the Promoter and Promoter Group and 29 public shareholders. Voting was conducted exclusively through e-voting, with no votes cast via poll during the meeting.

What the Numbers Show

The voting results highlight a divergence in shareholder sentiment across different agenda items. While routine governance matters such as the adoption of financial statements and director reappointments received near-unanimous support (99.9998% in favor), the special resolutions concerning remuneration revisions saw slightly higher dissent. Specifically, the revisions for Mr. Prakash Vichhivora and Mr. Hetal M. Vichhivora attracted 668 votes against, representing 0.0169% of the total valid votes polled. In contrast, borrowing powers and loan approvals under Sections 180, 186, and 185 faced only 8 votes against each. This suggests that while operational financing approvals were broadly accepted, a small segment of public non-institutional shareholders expressed reservations regarding executive compensation changes.

Panabyte Technologies Limited reported a net profit after tax of ₹12.14 lakh for FY26, up from ₹9.15 lakh in the previous year. Revenue from operations rose to ₹875.12 lakh. The company has scheduled its 45th Annual General Meeting (AGM) for September 23, 2026.

The meeting will be held via Video Conferencing or Other Audio Visual Means. Shareholders holding shares as on the record date of September 16, 2026, will be eligible to vote. Remote e-voting facilities are available through Central Depository Services (India) Limited from September 19 to September 22, 2026.

Financial Performance

For the financial year ended March 31, 2026, Panabyte Technologies reported the following key financial metrics:

EBITDA margin expanded to 9.97% from 8.20% in FY25, driven by improved operational efficiency and cost optimization. Finance costs decreased slightly to ₹40.52 lakh from ₹41.98 lakh.

What the Numbers Show

The company’s profitability improved significantly despite a modest revenue growth. The expansion in EBITDA margin by nearly 180 basis points indicates better cost control. However, net debt remains high at ₹344.03 lakh, although it reduced slightly from ₹357.56 lakh in the previous year due to equity infusion and repayment of borrowings.

AGM Agenda Items

Shareholders will consider several ordinary and special resolutions:

• Reappointment of Mr. Hetal Mavji Vichhivora as a director retiring by rotation.
• Approval of related-party transactions with Modera Electronics and Modera Freight Services Private Limited, with aggregate monetary values not exceeding ₹3 crore and ₹5 crore respectively for FY27.
• Revision in remuneration terms for Chairman & Managing Director Mr. Prakash Vichhivora and Whole-Time Director Mr. Hetal Vichhivora, capping overall managerial remuneration at ₹1 crore per annum each until May 2029.
• Borrowing powers up to ₹50 crore under Section 180(1)(c) of the Companies Act, 2013.
• Approval for loans, investments, guarantees, and securities up to ₹50 crore under Section 186.
• Approval under Section 185(2) for loans, guarantees, and securities up to ₹25 crore in connection with loans taken by persons in whom directors are interested.

Corporate Governance

Mr. Narayan Das Mundhra resigned as a Non-Executive & Non-Independent Director effective February 18, 2026. The Board comprises three independent directors: Mrs. Tejaswini More, Mr. Shailesh Gala, and Mrs. Chhaya Bhonslay.

The company did not recommend any dividend for FY26, focusing on future growth and potential acquisitions. Unclaimed dividends amounting to ₹25,250 were transferred to the Investor Education and Protection Fund.