Panache Digilife Limited has informed the Exchange regarding Appointment of M/s. Sanket Sangoi & Associates, Chartered Accountants, as an Internal Auditor of the Company
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Panache Digilife's board, at its May 13, 2025 meeting, approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, with an unmodified auditor opinion. Standalone FY25 revenue rose to Rs 115.03 crore (from Rs 96.50 crore in FY24) and net profit jumped to Rs 5.86 crore (from Rs 0.41 crore), with basic EPS of Rs 41.79. Consolidated FY25 net profit stood at Rs 6.87 crore on revenue of Rs 116.11 crore. During the year, the company issued 32.28 lakh equity shares and 7.86 lakh warrants to promoters and non-promoters at Rs 81 per share. The board also appointed M/s. D.M. Zaveri & Co. as Secretarial Auditor (5 years), M/s. Sanket Sangoi & Associates as Internal Auditor for FY26, M/s. Kishore Bhatia and Associates as Cost Auditor for FY26, and Mr. H Sri Ram Venkat as GM – Key Account Manager (Senior Management Personnel) effective May 28, 2025.
Strong earnings turnaround with FY25 net profit more than 14x year-on-year, driven by higher revenue, signals positive operating momentum. However, auditors flagged subsidiary Technofy Digital as 'not a going concern' as an emphasis of matter, which is a watch item for investors. The preferential share/warrant issue at Rs 81 indicates equity dilution but also fresh capital infusion.