Panabyte Technologies Limited convened its 45th Annual General Meeting on September 23, 2026, at 3:00 pm IST. The meeting was conducted entirely through video conference in compliance with Ministry of Corporate Affairs and SEBI circulars regarding electronic general meetings.

The proceedings commenced with the Chairman addressing members on the company's performance for FY26 and outlining strategic directions. The notice of the meeting, along with audited financial statements for the year ended March 31, 2026, was taken as read, as were the reports of the Board of Directors and the Statutory Auditors.

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 and Compliance Procedures

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 of the e-voting are scheduled to be declared within two working days from the conclusion of the meeting and will be available on the company website and the CDSL e-voting portal.

Ms. Harshada Mohite, Company Secretary and Compliance Officer, facilitated the session, ensuring adherence to the Companies Act 2013. Members registered as speakers were given opportunities to express their views, which were addressed by Mr. Prakash Vichhivora, Chairman & Managing Director, and Mr. Hetal Vichhivora, Whole-Time Director. The meeting concluded at 4:05 pm IST.

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.