Panache Digilife Limited has informed the Exchange about Bagging/Receiving of orders/contracts by its subsidiary company
PANACHE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Panache Digilife Limited's subsidiary, Panache Newage Technology Private Limited (formerly ICT Infratech Services Private Limited), has received a work order for Installation, Configuration, Technical Services, Equipment along with Realtime Monitoring for Telecom. The order has been awarded by a domestic customer in the Telecom sector. The contract is to be executed over approximately 36 months. The exact value/size of the order has not been disclosed, as the company has marked it confidential. There are no related party transactions involved, and the promoter/promoter group has no interest in the awarding entity.
The new order adds to the subsidiary's revenue pipeline over a 3-year period, providing visibility on future earnings. However, the absence of order value disclosure limits ability to gauge the financial impact, and the stock may react based on materiality once details emerge.