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.

Panabyte Technologies Limited reported a widened net loss for the first quarter of FY26, driven by a sharp contraction in revenue and persistent operating deficits. The company posted a standalone net loss of ₹21.11 lakh for the quarter ended June 30, 2026, compared to a loss of ₹13.09 lakh in the same period last year.

The Board of Directors approved the unaudited financial results on August 12, 2026. The statutory auditors, KPB & Associates, issued a limited review report with an unmodified opinion on the standalone results.

Financial Performance

Revenue from operations fell significantly year-on-year, reflecting a challenging business environment for the Thane-based technology firm.

Total income for the quarter was ₹92.49 lakh, down from ₹193.58 lakh in Q1FY25. While revenue declined by over 54%, total expenses decreased by a lesser margin of 41.4% to ₹124.23 lakh, resulting in an operating deficit before tax of ₹31.75 lakh.

Cost Structure and Tax Benefit

Employee benefits expense remained the largest cost component at ₹62.44 lakh, slightly up from ₹53.18 lakh in the previous year’s quarter. Purchases of stock-in-trade dropped to ₹39.60 lakh from ₹97.28 lakh, while changes in inventories provided a credit of ₹5.84 lakh compared to a debit of ₹22.68 lakh in Q1FY25.

Finance costs increased marginally to ₹11.30 lakh from ₹10.63 lakh. Depreciation and amortisation expenses rose slightly to ₹4.12 lakh.

The company recorded a deferred tax benefit of ₹10.64 lakh, reducing the pre-tax loss of ₹31.75 lakh to the final net loss of ₹21.11 lakh. In the prior year’s quarter, the deferred tax benefit was ₹5.21 lakh against a pre-tax loss of ₹18.31 lakh.

What the Numbers Show

The divergence between revenue decline and expense reduction highlights structural cost pressures. While revenue contracted by 54.2%, total expenses fell only 41.4%. This mismatch indicates that fixed or semi-fixed costs, particularly employee benefits which actually increased year-on-year, are not scaling down proportionally with top-line shrinkage. Consequently, the operating loss before tax widened by 73.4% to ₹31.75 lakh, demonstrating that the current cost base is unsustainable at the prevailing revenue levels without further operational adjustments.

Regulatory and Other Disclosures

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS). Segment information is not applicable for the quarter.

The company disclosed a contingent liability related to an Income Tax Department assessment for the financial year 2018-19. The department raised a total demand, including interest, of ₹11.89 lakh. Panabyte Technologies has preferred an appeal against this assessment order before the Commissioner of Income Tax (Appeals).