Panache Digilife Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 13, 2026. Further, the company has informed the Exchange regarding voting results.
PANACHE · price
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Panache Digilife Limited held an Extra Ordinary General Meeting on March 13, 2026, through video conferencing. Shareholders passed a special resolution to issue up to 6,07,348 convertible warrants on a preferential basis to non-promoters, with each warrant convertible into one equity share within 18 months. The resolution was approved with 100% votes in favor — 89,69,626 valid votes were polled out of the total eligible shares, representing about 56% of the total share base. The promoter and promoter group (holding 86,55,550 shares) voted entirely in favor and were not interested in the resolution. 22 shareholders attended the meeting via video conference. The scrutinizer, D. M. Zaveri & Co., confirmed that all resolutions were passed with the requisite majority.
This is a capital-raising move that will bring in funds from non-promoter investors, but could lead to equity dilution once the 6,07,348 warrants are converted into shares within 18 months. The unanimous 100% approval, including from the promoter group, signals strong shareholder confidence in the preferential allotment plan.