Announced Thu, 29 Oct, 2026 · 19:09 IST
Panache completes Rs 2.25 crore investment in Technofy Digital
PANACHE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Panache Digilife completed a cash investment of Rs 2.25 crore in Technofy Digital Private Limited by subscribing to 22,50,000 shares issued through a rights issue. Technofy remains a wholly owned subsidiary with 100 percent control. The related-party transaction was carried out at arm's length to support business expansion. Technofy, an IT business incorporated in 2019, reported no turnover in FY2024, FY2025 and FY2026.
Likely market impact
The funding supports subsidiary growth, but ownership remains unchanged and Technofy had reported no turnover through FY2026.