Panache Digilife Technofy Digital Rights Issue

This is a disclosure regarding the allotment of equity shares in a wholly-owned subsidiary through a rights issue.

The Board of Directors of Technofy Digital Private Limited, a wholly owned subsidiary of Panache Digilife Limited, approved the allotment of 22,50,000 equity shares to Panache Digilife Limited pursuant to a right issue.
Technofy Digital Private Limited continues to remain a wholly owned subsidiary of Panache Digilife Limited post this allotment.
The investment is strategic in nature and would help the Company in expanding the business operations of Technofy Digital Private Limited.
Technofy Digital Private Limited is engaged in the business of manufacturing, trading & distribution of IT, electronic & telecommunication products and providing IT services and related designing services.

Cost of Acquisition: ₹2.25 crore (Rupees Two crore twenty-five lakhs only)
Payment Structure: Cash consideration
Shareholding Impact: Panache Digilife Limited acquired 22,50,000 equity shares, maintaining 100% ownership of Technofy Digital Private Limited
Capital Structure of Subsidiary:
Authorised Capital: ₹3,00,00,000 divided into 30,00,000 equity shares of ₹10 each
Paid-up Capital: ₹2,26,00,000 divided into 22,60,000 equity shares of ₹10 each (as of March 31, 2026)
Financial Performance of Subsidiary:
Turnover: NIL for FY 2023-24, FY 2024-25, and FY 2025-26

Transaction Type: Related party transaction (as Technofy Digital is a wholly owned subsidiary)
Transaction Nature: Conducted at arm's length
Regulatory Reference: SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/l/3762/2026 dated January 30, 2026
Approval Status: Completed on October 29, 2026
Governmental Approvals: Not applicable