Panache Digilife Limited has informed the Exchange regarding Board meeting held on September 25, 2025.
PANACHE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Panache Digilife's board, on September 25, 2025, approved issuing up to 37,56,000 convertible warrants at ₹263 each, raising up to ₹98.78 crore in total. Warrants are offered to promoter group members (15.4 lakh warrants) and 23 non-promoter individuals/HUFs (22.16 lakh warrants), with ₹66 payable upfront and ₹197 on exercise within 18 months. Promoters Amit and Nikit Rambhia, who each currently hold 18.39% and have 3.93 lakh existing warrants, would each rise to a 19.79% stake if all warrants convert. The board also approved a new ESOP 2025 scheme covering up to 6 lakh equity shares, and increased authorised share capital from ₹20 crore to ₹22 crore. An EGM is scheduled for October 18, 2025 to seek shareholder approval.
This is a significant equity dilution event — the ₹98.78 crore warrant issue could expand the share base by roughly 15% if all warrants are exercised, with promoters further consolidating control. Short-term stock price may face pressure from dilution overhang, but the capital raise signals confidence from insiders (promoters taking 15.4 lakh warrants) and provides growth funding.