Panabyte Technologies Ltd — Updates, 22-05-2025: Company Update

Panabyte Technologies Limited has announced there is no deviation or variation in the utilisation of proceeds from its preferential issue of convertible warrants. The company raised INR 1.09 Cr through allotment of equity shares upon conversion of 7.4 lakh warrants at a price of INR 14.80 each. This was reviewed by the Audit Committee, which had no comments. The funds raised have been fully utilised as originally intended, maintaining alignment with the company’s stated objectives and supporting its planned operations. This reassures shareholders about prudent financial management.