Panache Digilife Limited has informed the Exchange about change in Management
PANACHE · price
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Panache Digilife's board approved standalone and consolidated unaudited results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue jumped to Rs 2,954 lakhs from Rs 1,174 lakhs a year ago, and profit after tax rose to Rs 95.66 lakhs (Rs 11.15 lakhs in Q1 FY25), with basic EPS of Rs 0.63. On a consolidated basis, profit after tax stood at Rs 83.55 lakhs. The board also re-appointed Mr. Amit Rambhia as Managing Director, Mr. Nikit Rambhia as Joint Managing Director, and Mr. Nitesh Savla as Whole Time Director, each for a 3-year term starting February 2026, subject to shareholder approval. Additionally, the company raised its stake in subsidiary Air Digilife from 60% to 90%, while subsidiary Technofy Digital was classified as 'not a going concern.'
Strong year-on-year revenue and profit growth in Q1 FY26 is a positive signal for shareholders, though consolidation of a loss-making subsidiary and the 'not a going concern' tag on Technofy Digital are minor concerns. Re-appointment of the existing promoter-led management team (the Rambhia brothers and CFO-turned-WTD Nitesh Savla) signals leadership continuity rather than any governance change.