Panache Digilife Limited has informed the Exchange on the disclosure in respect of Point No. 10 to the Agenda Item No. 1 of Explanatory Statement of the Notice of EGM
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Panache Digilife Limited has filed a revised disclosure (Point No. 10) connected to its EGM held on 13th March 2026. The revision relates to the company's plan to issue and allot 6,07,348 Convertible Warrants, which are convertible into Equity Shares, for which it has applied for in-principle approval from NSE. The company clarified that under Regulation 166A of SEBI's ICDR Regulations, a valuation report from an Independent Registered Valuer is not mandatory, but it voluntarily obtained one from Mrs. Dipti Zaveri (IBBI registered valuer) as a precautionary measure.
This is largely a procedural clarification, but it confirms an upcoming warrant issue of 6,07,348 units, which could lead to equity dilution upon conversion. The voluntary valuation adds transparency and may support investor confidence in the pricing of the warrants.