Panache Digilife Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on October 18, 2025
PANACHE · price
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Panache Digilife Limited has called an Extraordinary General Meeting on October 18, 2025 at 11:00 a.m. via video conferencing. The EGM covers five special business items: (1) increasing authorised share capital from ₹20 crore to ₹22 crore by adding 20 lakh equity shares of ₹10 each; (2) issuing up to 37,56,000 convertible warrants on a preferential basis at ₹263 per warrant, aggregating to roughly ₹98.78 crore, to 27 identified allottees including promoters Amit D Rambhia and Nikit D Rambhia (7.2 lakh warrants each) and the largest non-promoter allottee Bhushan Gaonkar (8,42,500 warrants); (3) approving the 'Panache – ESOP 2025' scheme with a pool of 6,00,000 stock options; (4) extending the ESOP to subsidiary employees; and (5) permitting grants exceeding 1% of issued capital to identified employees. Remote e-voting will be open from October 15 (9:00 a.m.) to October 17 (5:00 p.m.), with the cut-off date for voting eligibility set as October 11, 2025.
If approved, the preferential warrant issue of nearly ₹99 crore could lead to significant equity dilution once warrants are converted within 18 months, though promoter participation signals insider confidence. The new ESOP pool of 6 lakh options will gradually dilute existing shareholders but may help attract and retain talent. Shareholders should review the allotment list and exercise their e-voting rights before the October 17 deadline.