Panabyte Technologies Reports Insider Trading Violation by Director with ₹52,607 Penalty

Panabyte Technologies Limited has reported a violation of its Code of Conduct under SEBI (Prohibition of Insider Trading) Regulations, 2015 by its Non-Executive Non-Independent Director Narayan Das Mundhra. The company filed the violation report with BSE Limited on December 17, 2025, following delayed disclosure of share disposal transactions.

Transaction Details and Violation

Mundhra disposed of a total of 28,601 equity shares through open market transactions across four trading days between December 8-11, 2025, but failed to intimate the company within the required two trading days as mandated under Regulation 7 of SEBI regulations.

Date	Shares Sold	Holding After Transaction	Percentage of Total Capital
December 8, 2025	6,606	110,394	1.65%
December 9, 2025	12,894	97,500	1.46%
December 10, 2025	4,101	93,399	1.40%
December 11, 2025	5,000	88,399	1.32%

The director provided intimation to the company on December 16, 2025, which was subsequently reported to the stock exchange on December 17, 2025, constituting a clear violation of the mandatory disclosure timeline.

Shareholding Pattern Changes

Prior to these transactions, Mundhra held 117,000 equity shares, representing 1.75% of the company's total share capital. Following the disposal, his holding reduced significantly to 88,399 equity shares, constituting 1.32% of total share capital.

Parameter	Before Disposal	After Disposal
Number of Shares	117,000	88,399
% of Total Share Capital	1.75%	1.32%
% of Diluted Share Capital	1.66%	1.26%

Penalty and Disciplinary Action

Based on the written explanation received from the director, who cited inadvertent oversight and failure to prioritize regulatory compliance amid personal and professional exigencies, the company has taken decisive action. A penalty of ₹52,607, representing 5% of the transaction amount, has been imposed and is to be deposited in the Investor Protection and Education Fund (IPEF) administered by SEBI.

Action Taken	Details
Warning Issued	Stern warning against future violations
Penalty Amount	₹52,607 (5% of transaction value)
Deposit Requirement	IPEF administered by SEBI
Violation Type	Clause 12.(B) of Code of Conduct

Regulatory Compliance Framework

The violation report was filed in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders. The company confirmed that all transactions were executed when the trading window was open and the director was not in possession of any unpublished price sensitive information at the time of transactions.

Panabyte Technologies Limited maintains an equity share capital of ₹6.69 crores, comprising 66,90,000 shares of ₹10 each, with total diluted share capital of ₹7.04 crores. The company has emphasized strict adherence to all SEBI regulations going forward to prevent future violations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.26%	-0.56%	-10.25%	+2.78%	-23.67%	+111.58%

Panabyte Technologies Limited has announced the receipt of an additional work order worth ₹8.33 lakh from Mangalore Refinery Petrochemicals Limited (MRPL) for implementing an Attendance Monitoring Access Control System. The company disclosed this development to BSE, in compliance with SEBI listing regulations.

Work Order Details

The latest contract award represents an extension of a previous work order that was initially disclosed by the company in August. The new order specifically focuses on implementing an Attendance Monitoring Access Control System across various locations of MRPL under the Materials Department.

Parameter	Details
Awarding Entity	Mangalore Refinery Petrochemicals Limited
Ministry	Ministry of Petroleum and Natural Gas
Contract Value	₹8,33,212.16
Project Type	Attendance Monitoring Access Control System
Execution Timeline	Immediate execution
Department	Materials Department

Contract Specifications

The work order involves the deployment of an advanced Attendance Monitoring Access Control System at respective MRPL locations. The contract is structured for immediate execution, indicating the urgent nature of the project requirements. The system implementation will be carried out under the supervision of MRPL's Materials Department.

Regulatory Compliance

Panabyte Technologies has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made by Prakash Vichhivora, Chairman and Managing Director, emphasizing the company's commitment to transparency and regulatory compliance.

Business Relationship

This additional work order demonstrates the continued trust and confidence that MRPL places in Panabyte Technologies' capabilities. The company expressed gratitude for the opportunity to work with such a renowned organization in the petroleum and natural gas sector. The order confirms no related party transactions or promoter group interests in the awarding entity.

The contract award reinforces Panabyte Technologies' position in providing technology solutions to government entities and public sector undertakings, particularly in the critical infrastructure and monitoring systems segment.