Panache Digilife Limited has announced an investment initiative with its Board of Directors approving an upfront investment of up to Rs 2.25 crores in Technofy Digital Private Limited, its wholly owned subsidiary, as part of proposed capital expenditure for expansion of business operations. The decision was made during a board meeting held on April 29, 2026, and disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investment Details

The approved investment encompasses strategic expansion activities for Technofy Digital Private Limited. The investment will be made through cash consideration and is expected to be completed within approximately 6 months.

Target Entity Information

Technofy Digital Private Limited is a private company incorporated on June 4, 2019, with its registered office in Mumbai, India. The entity operates in the Information Technology sector and is engaged in the business of manufacturing, trading & distribution of IT, electronic & telecommunication products and providing IT services and related designing services.

Financial Performance

Technofy Digital Private Limited has reported NIL turnover for the past three financial years.

Board Meeting and Related Party Transaction

The Board of Directors conducted a meeting to deliberate on this investment decision. Technofy Digital Private Limited, being a wholly owned subsidiary, is a related party of the company. The transaction falls within the ambit of related party transactions and is at arm's length. None of the promoter, promoter group, or group companies have interest in Technofy Digital Private Limited except Mr. Amit Rambhia, Mr. Nikit Rambhia and their relatives who are considered as interested being part of promoter/promoter group of the company.

The investment is of strategic nature and will help the company in expanding the business operations of Technofy Digital Private Limited. The announcement was formally communicated to the National Stock Exchange of India Limited as part of the company's regulatory disclosure obligations.

Panache Digilife Limited has submitted its quarterly compliance report to the National Stock Exchange, confirming no deviation in the utilization of funds raised through its preferential issue of convertible warrants for the quarter ended March 31, 2026.

Fund Raising Details

The company's preferential issue was completed on January 5, 2026, with the receipt of Rs. 4,77,49,500, representing the balance 75% of the total consideration for convertible warrants. The filing was made pursuant to Regulation 32 of SEBI (Listing Obligations and Disclosure Requirement) Regulation, 2015.

Fund Utilization Status

The company has fully utilized the raised funds according to their original allocation. The proceeds were designated for growth in the business, general corporate purposes, and working capital requirements.

Compliance and Review

The statement was duly reviewed by the company's Audit Committee, which provided no comments, indicating satisfactory compliance with the stated fund utilization objectives. The report was signed by Company Secretary & Compliance Officer Harshil Chheda and CFO & Whole Time Director Nitesh Savla on April 29, 2026.

The filing confirms that there were no modifications to the original objects, no changes in allocation amounts, and no deviations in the actual utilization of funds as against the originally disclosed purposes. This compliance demonstrates the company's adherence to regulatory requirements and transparent fund management practices.