Panabyte Technologies Limited has scheduled its 45th Annual General Meeting (AGM) for Wednesday, September 23, 2026, at 3:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means without physical presence.

The company notified shareholders via newspaper advertisements published on August 30, 2026, in Financial Express and Mumbai Lakshadweep. Electronic copies of the AGM notice and Annual Report will be sent to shareholders with registered email addresses.

Key Details

Shareholders holding physical shares can update their email IDs by contacting the company or the Registrar and Share Transfer Agent, Niche Technologies Pvt. Ltd. Demat holders must register details with their Depository Participants.

Voting and Compliance

The company is providing remote e-voting facilities for all resolutions. Members attending via VC/OAVM will count toward the quorum under Section 103 of the Companies Act, 2013. The notice and annual report are available on the company website and BSE Limited portal.

Additionally, SEBI has opened a special window from February 5, 2026, to February 4, 2027, for the transfer and dematerialization of physical securities sold or purchased prior to April 1, 2019. Investors are advised to lodge transfer deeds with the RTA during this period.

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).