Panabyte Technologies Limited has announced a significant business development, securing a substantial work order from Mahindra & Mahindra Limited. The company has been tasked with the supply, installation, testing, and commissioning (SITC) of an Access Control and Time Attendance System across multiple Mahindra & Mahindra locations in India.

Contract Details

Innovative Solution

Panabyte Technologies has developed a tailor-made, first-of-its-kind solution in the Access Control and Time Attendance industry. This innovative system is specifically designed to meet the requirements of Mahindra & Mahindra's extensive workforce, showcasing Panabyte's capability to create customized solutions for large-scale enterprises.

Strategic Importance

This contract marks a significant milestone for Panabyte Technologies, as it not only brings substantial revenue but also solidifies the company's position in the biometric systems market. The trust placed by a renowned organization like Mahindra & Mahindra underscores the quality and reliability of Panabyte's offerings.

Market Impact

The successful execution of this project could potentially open doors for Panabyte Technologies to secure similar contracts with other large corporations, thereby expanding its market presence and boosting its financial performance in the coming quarters.

As the project unfolds over the next three months, investors and market watchers will likely keep a close eye on Panabyte Technologies' performance and its ability to deliver on this significant contract. The successful completion of this project could serve as a strong reference point for future business opportunities in the Access Control and Time Attendance Systems sector.

Panabyte Technologies Director's immediate relative, Sabita Mundhra, has significantly reduced her shareholding in the company through open market transactions.

Transaction Details

On November 17, 2025, Sabita Mundhra disposed of 33,334 equity shares of Panabyte Technologies through open market transactions. This move resulted in a decrease in her shareholding from 100,000 shares to 66,666 shares.

Impact on Voting Rights

The transaction has reduced Sabita Mundhra's stake in the company's total voting capital from 1.49% to 1.00%, marking a decrease of 0.49 percentage points.

This change in shareholding by a director's immediate relative may be of interest to investors and market analysts monitoring insider transactions and ownership patterns in Panabyte Technologies.