
Panabyte Technologies Limited, formerly known as Panache Innovations Limited, witnessed a 3.28% increase in its stock price today, closing at ₹47.80, following the announcement of its partnership with TP-Link India Pvt. Ltd. The company has been authorized as a SolutionX Authorized Partner, marking a significant milestone in its journey within the networking solutions sector.
Key Partnership Highlights:
- TP-Link SolutionX Program:
- Designed for solution providers, system integrators, installers, and managed service providers (MSPs), the program focuses on delivering advanced networking solutions.
- This collaboration positions Panabyte Technologies to offer enhanced services and grow its presence in the domain.
- Execution and Terms:
- The partnership will come into effect once Panabyte receives the required materials to execute the contract.
- All terms and conditions have been mutually agreed upon between Panabyte and TP-Link India.
- Regulatory Compliance:
- The agreement adheres to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The company clarified that no related parties or promoter groups have financial or operational interests in this agreement.
Management’s Statement:
Prakash Vichhivora, Chairman and Managing Director of Panabyte Technologies, shared his enthusiasm about the partnership, saying, “This authorization as a SolutionX Partner reinforces our commitment to providing cutting-edge networking solutions and services, aligning with our growth vision.”
Stock Performance:
- Current Price: ₹47.80
- Previous Close: ₹46.28
- Day Range: ₹44.30 – ₹48.20
- 52-Week Range: ₹16.39 – ₹63.36
This partnership with TP-Link India underscores Panabyte Technologies’ strategy to expand its footprint in the networking solutions market.
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