BSECompany Update1h ago · 31 Oct 2026, 01:48 pm
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that 3,50,000 warrants have been lapsed due to non-receipt of balance 75% amount within a period of 18 months from the date of allotment of warrants and 25% amount received at the time of allotment has been forfeited as per Regulation 169(3) of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Panabyte Technologies Ltd · 538742
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Panabyte Technologies Ltd has informed the exchange that 3,50,000 convertible warrants have lapsed due to non-receipt of balance 75% amount within 18 months from the date of allotment. The upfront subscription amount of ₹42,00,000 has been forfeited.
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Panabyte Technologies Ltd - 538742 - Disclosure Under Reg. 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
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Date: October 31, 2026
The Manager,
Department of Corporate Services,
BSE Limited
Phiroze Jeejeebhoy
Tower, Dalal Street, Fort,
Mumbai - 400001.
Subject: Intimation of Lapse and Forfeiture of 3,50,000 Convertible Warrants issued under the SEBI
(Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”).
Ref: Scrip Code: 538742 - Disclosure under Regulation 30 read with Schedule III to the SEBI (Listing
Obligations & Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”).
Dear Sir/Madam,
Pursuant to Reg. 30 read with Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, and in furtherance of the earlier intimation given by the Company on April
30, 2025, wherein we had informed you that the Company had approved the allotment of 3,50,000
convertible warrants to promoter group on preferential basis, for an issue price of ₹48/- per warrant for an
amount aggregating to ₹1,68,00,000/-. In accordance with the terms of issue and Regulation 162 of the SEBI
ICDR Regulations, 25% of the issue price was received upfront as the initial subscription amount at the time
of allotment and the balance 75% was payable at the time of exercise of warrants within a period of 18 months
from the date of allotment, i.e., on or before 30th October, 2026. Since, the Company has not received the
balance 75% consideration from the warrant holder within the stipulated timeline, accordingly, the outstanding
warrants have lapsed upon expiry of the exercise period, i.e., on 30th October, 2026.
Consequently, with effect from 31st October, 2026, the upfront subscription amount received at the time of
allotment, being 25% of the issue price, amounting to ₹42,00,000/- stands forfeited, in line with Regulation
169(3) of Chapter V of the SEBI ICDR Regulations. This is further to inform you that, consequent to the lapse
of the aforesaid warrants, the warrant holders shall cease to have any rights or entitlement to seek conversion
into equity shares of the Company. There will be no change in the paid-up share capital of the Company, and
the amount forfeited pursuant to such lapse shall be retained by the Company and accounted for in
accordance with the applicable accounting standards.
The details of the allottee who has not exercised the option for conversion of said warrants into equity shares
are provided in Annexure A.
This is for your information and records.
Yours Faithfully,
For Panabyte Technologies Limited
Harshada Mohite
Company Secretary & Compliance Officer
Encl: As above
Annexure-A
S.No. Particulars Details
1. Type of Securities Convertible warrants
2. Type of issuance Preferential Allotment
3. Total number of warrants originally allotted 3,50,000
4. Issue price per warrant 48/-
5. Date of Allotment 30-04-2025
6. Tenure 18 months
7. Number of warrants exercised Nil
8. Number of warrants lapsed 3,50,000
9. Number or warrant holders whose warrants have lapsed 1. Prakash Vichhivora - 2,23,632
warrants
2. Hetal Vichhivora - 1,26,368
warrants
10. Amount forfeited ₹42,00,000/-
11. In case of convertible – intimation on conversion of Failed to exercise their right to
securities or on lapse of the tenure of the instruments. convert the 3,50,000 Convertible
Warrants into Equity Shares as on
the last day i.e., October 30, 2026.
12. Any change in capital structure Nil