Panache Digilife board approves ₹2.25 crore investment in wholly-owned subsidiary Technofy Digital for business expansion.
The investment is a related party transaction conducted at arm's length with no promoter interest beyond ownership structure.
Technofy Digital operates in IT services with nil turnover for past three years; transaction completion expected in 6 months.
Disclosure made pursuant to SEBI Listing Regulations regarding strategic capital expenditure for subsidiary operations expansion.