29-Oct-2026 19:12:14

PANACHEAcquisition and merger

PANACHE : ACQUIRES 22.50 LAKH SHARES IN TECHNOFY DIGITAL FOR RS 2.25 CR

• Allotment of 22.50 lakh equity shares by wholly owned subsidiary Technofy Digital to Panache Digilife • Consideration is cash; cost of acquisition ₹2.25 Cr • Technofy Digital remains 100% wholly owned subsidiary after the rights issue allotment • Technofy Digital operates in IT, electronic and telecommunication products/services; turnover was nil as on 31 March 2026 • Transaction completed on October 29, 2026 Impact: Neutral (₹2.25 Cr cash infusion into a nil-turnover wholly owned subsidiary; ownership stays at 100%)

Panache Digilife Limited

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