Panache Digilife Limited has informed the Exchange regarding Outcome of Board Meeting held on August 07, 2025. Re-appointment of directors of the Company.
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Panache Digilife's board, at its August 7, 2025 meeting, approved unaudited Q1 FY26 results showing strong growth — standalone revenue rose to ₹2,954.04 lakhs from ₹1,174.09 lakhs year-on-year (about 151% jump), and net profit surged to ₹95.66 lakhs from ₹11.15 lakhs. The board re-appointed Mr. Amit Rambhia as Managing Director and Mr. Nikit Rambhia (his brother) as Joint Managing Director for three-year terms starting February 17, 2026. Mr. Nitesh Savla was also re-appointed as Whole Time Director for three years from February 14, 2026. Separately, the company raised its stake in subsidiary Air Digilife from 60% to 90%, and Panache Newage Technology ceased to be a wholly owned subsidiary after a fresh equity allotment.
Strong quarterly results signal a sharp turnaround in business momentum, likely to be viewed positively by shareholders. The re-appointments of the Rambhia brothers ensure leadership continuity but still need shareholder approval at the upcoming AGM. Subsidiary restructuring (higher stake in Air Digilife) strengthens the group's consolidated earnings going forward.