Panache Digilife Limited has informed the Exchange about Bagging/Receiving of orders/contracts by its subsidiary company.
PANACHE · price
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Panache Digilife Limited's subsidiary, Panache Newage Technology Private Limited, has received a work order valued at INR 118.40 million (approximately ₹11.84 crore) for Geographic Information System (GIS) and related services. The order has been placed by a reputed domestic Telecom and Electrical Equipment manufacturing company. The contract is to be executed over approximately 36 months, providing multi-year revenue visibility. The disclosure confirms there is no related party interest in the awarding entity, and the promoter group has no stake in the client. This is a domestic order with no foreign exchange or export component involved.
The order strengthens the subsidiary's order book and provides ~3 years of revenue visibility for the GIS services vertical. For shareholders, this is a positive but modest development; the impact on stock price will depend on the order size relative to consolidated annual revenue, which is not disclosed in this filing.