Panabyte Technologies Limited has executed a significant land acquisition agreement as part of its strategic expansion plans. The company announced on February 19, 2026, that it has entered into an agreement to purchase land in Thane district for developing future business operations.

Land Acquisition Details

The agreement was executed on February 17, 2026, with M/s. Shubham Spaces, a sole proprietorship concern, for the purchase of land measuring 3,309 square meters. The property is located at Survey No. 39/2, situated at Village Kalwar, Taluka Bhiwandi, District Thane.

Financial Structure and Payment Terms

The total contract value for the land acquisition stands at ₹4,90,60,500. The payment has been structured in two phases to facilitate smooth execution of the transaction.

Strategic Business Purpose

The land acquisition is aligned with Panabyte Technologies' future business expansion strategy. The company plans to develop and construct a Data Center/Manufacturing facility on the acquired property, which represents a significant step in expanding its operational capabilities.

Regulatory Compliance and Disclosures

The transaction has been disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has confirmed that:

• The seller does not belong to the promoter/promoter group of the company
• The transaction will have no impact on management or control of the listed entity
• The transaction does not fall within related party transactions
• No shareholding exists in the entity with whom the agreement is executed

This land acquisition represents Panabyte Technologies' commitment to expanding its infrastructure and operational capacity through strategic investments in prime industrial locations.

Panabyte technologies Limited has announced securing a substantial work order from Mahindra & Mahindra Limited worth ₹11,62,742.50 for advanced face recognition technology solutions. The company disclosed this development to BSE Limited under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

Order Details and Scope

The comprehensive contract involves the supply, installation, testing and commissioning of face recognition devices specifically designed for access control and time attendance systems. This domestic order represents a significant business opportunity for Panabyte Technologies, demonstrating the company's capabilities in biometric security solutions.

Strategic Significance

The order from Mahindra & Mahindra Limited, a leading automotive manufacturer, reflects the growing demand for advanced biometric security solutions in industrial applications. Panabyte Technologies expressed gratitude for the trust and confidence placed by such a renowned organization in their technological capabilities.

Regulatory Compliance

The company has fulfilled all disclosure requirements under the SEBI Listing Regulations, providing comprehensive details as mandated by SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and subsequent regulatory guidelines. The disclosure confirms that this contract does not involve any related party transactions and maintains arm's length dealing principles.

Execution Framework

The project encompasses a complete turnkey solution including supply, installation, testing and commissioning of face recognition devices. The one-month execution timeline demonstrates the company's commitment to efficient project delivery and customer satisfaction. This order strengthens Panabyte Technologies' position in the biometric security solutions market and showcases its ability to serve large corporate clients with sophisticated technology requirements.