Panache Digilife Limited has received an order from the Joint Commissioner of State Tax, Kalyan, confirming a tax demand of Rs 2.22 Cr. The order, passed under the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017, includes interest and penalty. The authority has alleged the wrongful availment and utilization of ineligible Input Tax Credit.

The company received the communication on July 13, 2026. According to the disclosure, the competent authority has confirmed the tax demand aggregating to Rs 2.22 Cr. The details of the order were submitted to the National Stock Exchange of India Limited on July 14, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Panache Digilife maintains that the order is not tenable in law and on facts. The company stated it has strong legal grounds to challenge the findings. Management is taking appropriate steps to file an appeal before the Hon'ble Goods and Services Tax Appellate Tribunal within the prescribed statutory timelines.

Based on a preliminary legal assessment, the company believes the order is appealable. Consequently, Panache Digilife does not expect any material adverse impact on its financial position, operations, or other activities resulting from this demand.

Details of the GST Order

Panache Digilife Ltd has appointed Uirtus Advisors LLP as its Investor Relations Advisor effective July 2, 2026. The appointment aims to strengthen the company's engagement with stakeholders and ensure compliance with regulatory disclosure requirements.

The decision was communicated to the National Stock Exchange of India Limited in a filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Uirtus Advisors LLP, based in Kolkata, will oversee the company's investor relations activities.

Key Details of Appointment

The appointment reflects Panache Digilife's commitment to maintaining transparency and effective communication with its investors. The company's stock is listed on the National Stock Exchange of India under the symbol PANACHE.