Panabyte Technologies Limited, a company listed on the BSE, held an Extra-ordinary General Meeting (EGM) on October 30, 2025, to seek shareholder approval for a significant corporate action. The meeting, conducted through video conference, saw shareholders voting on a special resolution to issue up to 2,95,000 equity shares on a preferential basis to both promoters and non-promoters.

Key Highlights of the EGM

• Date and Time: October 30, 2025, at 3:00 p.m. IST
• Mode of Meeting: Video Conference
• Attendance: 39 shareholders, including 1 from the Promoter and Promoter Group and 38 from the Public
• Resolution Type: Special Resolution
• Voting Method: Remote e-voting and e-voting during the EGM

Preferential Issue Details

The special resolution proposed the issuance of up to 2,95,000 equity shares to members of the Promoter and Non-promoter groups. This decision follows the Board of Directors' approval of the preferential issue on October 1, 2025.

Voting Results

The resolution was passed with an overwhelming majority, securing 99.9989% of the votes in favor.

Management's Perspective

Mr. Hetal Vichhivora, Whole-Time Director of Panabyte Technologies, emphasized the strategic importance of this preferential issue. He stated, "Raising funds through a preferential issue is the most cost-effective and time-efficient method for securing additional capital. This strategic move not only ensures an inflow of investment but also significantly enhances our confidence in meeting the funding requirements essential for the company's growth."

Utilization of Funds

The company plans to use the proceeds from this preferential issue for:

• Supporting business plans
• Facilitating company growth
• General corporate purposes
• Meeting working capital needs

Conclusion

The successful passage of this resolution marks a significant step for Panabyte Technologies Limited in its efforts to secure additional capital for growth and operational needs. The strong shareholder support, as evidenced by the voting results, suggests confidence in the company's strategic direction and management decisions.

Investors and stakeholders will likely keep a close watch on how the company utilizes these funds and the impact on its future performance and market position.

Panabyte Technologies Limited, a company listed on the Bombay Stock Exchange (BSE) under the scrip code 538742, has announced a crucial board meeting scheduled for October 1, 2025. The primary agenda of this meeting is to evaluate and potentially approve a proposal for raising funds through the issuance of securities or warrants convertible into equity shares.

Key Points of the Announcement

• Board Meeting Date: October 1, 2025
• Purpose: To consider and potentially approve fund raising through securities issuance
• Issuance Methods: May include preferential allotment and other permissible modes
• Regulatory Compliance: Subject to necessary shareholder and statutory approvals

Regulatory Filings and Compliance

The company has duly informed the BSE about this upcoming board meeting, adhering to Regulation 29(1)(a) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. This step ensures transparency and keeps the stakeholders informed about potential significant corporate actions.

Trading Window Closure

In line with regulatory requirements and to prevent insider trading, Panabyte Technologies has implemented a trading window closure:

• Affected Parties: All designated persons and their immediate relatives
• Duration: Effective immediately until 48 hours after the board meeting outcome is announced
• Regulatory Basis: Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the Company's Internal Code for Prohibition of Insider Trading

Implications and Next Steps

The potential fund raising, if approved, could have significant implications for Panabyte Technologies' financial structure and future growth plans. Shareholders and potential investors will be keenly awaiting the outcome of this board meeting, as it may impact the company's capital structure and stock performance.

The company has emphasized that any fund raising activity will be conducted in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, as amended.

Investors and stakeholders are advised to keep an eye out for further announcements from Panabyte Technologies regarding the results of the board meeting and any decisions made concerning the proposed fund raising initiative.