Pursuant to Regulation 30 read with Part A of Schedule III of Listing Regulations, we wish to inform you that the Board of Directors of Panabyte Technologies Limited (formerly known as Panache Innovations Limited) (the 'Company') at their meeting held today, i.e., on Friday, 9th August, 2024, has, inter alia, considered and approved the formulation of Employee Stock Option Scheme, viz., 'Panabyte Technologies Limited - Employee Stock Option Scheme, 2024' (PTL -ESOP 2024), in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 subject to the approval of Members in the ensuing general meeting of the Company and other approvals as may be required.