Panache Digilife Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Panache Digilife Limited has filed a Reg. 32 compliance statement confirming that there is no deviation or variation in the use of funds raised through its Preferential Issue of Convertible Warrants. The company raised Rs. 19,32,91,032 (the upfront 25% of total consideration) on November 17, 2025. The stated objects were growth in business, repayment of debts, general corporate purposes, and working capital requirements. The entire amount raised has been utilized for the originally disclosed purpose, with no changes. Both the Audit Committee and auditors have reviewed the statement and have no comments to add.
This is a routine quarterly compliance filing that confirms the company has used the preferential issue funds exactly as disclosed to shareholders. There are no governance red flags, and the full deployment of funds toward stated business purposes is a neutral-to-positive signal for investors.