Panabyte Technologies Ltd Share Price

(538742)

Panache Innovations Ltd., incorporated in 161981, is engaged in the business of wholesaling machinery equipment and supplies and plastic granules. The company had two wholly owned subsidiaries as of 31 March 2019, namely Eddy Andy International Limited (Hong Kong) and Panache Innovations DMCC (Dubai, UAE). In 2015, the company received listing approval from BSE Limited and got delisted from The Calcutta Stock Exchange Limited and The U.P. Stock Exchange Limited. During 2015-2016, the new promoters of the Company, Amit Rambhia, Nikit Rambhia, and Devchand Rambhia took over through the open offer process. In 2017, the company changed its main objects from trading in textiles to manufacture, trade, and distribution of Information Technology Products, as well as dealing in water bottles containing ionized water. In addition, the company changed its name from Ruby Traders Exporters Limited to Panache Innovations Limited. On August 1, 2018, the Board of Directors approved the relocation of the company’s registered office from West Bengal to Maharashtra. During 2018, Panache Innovations DMCC became a wholly owned subsidiary of Panache Innovations. In 2019, the company amended its Memorandum of Association to increase, expand and diversify its business operations more efficiently and effectively. The company also initiated the process to close Panache Innovations DMCC due to poor performance and sluggish market conditions in Dubai.

Revenue: ₹2.74Cr as on March 2021 (Q1 21)
Net Profit: ₹0.17Cr as on March 2021 (Q1 21)
Chairperson Name: Prakash Vichhivora