Panache Digilife Hits 52-Week High on Warrants & ESOP

Mumbai, September 26, 2025 – Panache Digilife Limited (NSE: PANACHE) jumped 5% to a new 52-week high of ₹404.12 after major capital-raising measures, preferential issuing of warrants and an employee stock ownership plan were announced at its board meeting on September 25, 2025.

Preferential Issue of Warrants

The board sanctioned the unit, issuing a maximum of 37.56 lakh warrants convertible into equity at ₹263 per warrant, aggregating ₹98.78 crore. One warrant can be converted to an equity share within 18 months. Investors will have to pay ₹66 per warrant initially, and the remaining ₹197 at the time of conversion. Unexercised warrants will expire after 18 months, and subscription amounts will be lost.

The allotment details and post-conversion shareholding are as under: Promoters & Group, Amit D Rambhia & Nikit D Rambhia, will hold 15.40 lakh warrants each, raising their holding to 19.79% each. Non-promoter investors will hold 22.16 lakh warrants, with the maximum allotment being of Bhushan Gaonkar – 8.42 lakh warrants (4.26%).

Employee Stock Option Scheme (ESOP 2025)

The board also ratified the Panache ESOP 2025, in respect of up to 6 lakh equity shares (more than 1% of total capital). Options will receive vested over 1–5 years, and exercise prices will be based on market rates prevailing at the time but not lower than face value. This scheme is designed to motivate employees and benefit their interests from long-term shareholder value.

Increase in Authorised Share Capital

Panache Digilife proposes to increase its authorised capital from ₹20 crore to ₹22 crore by issuing an additional 20 lakh equity shares of ₹10 each. Shareholder sanction will be requested through an Extraordinary General Meeting (EGM) held on October 18, 2025.

Market Reaction

After the announcements, Panache Digilife shares touched the upper circuit of 4.58% at ₹402.49 as of 2:14 pm IST, The stock has almost doubled from its 52-week low of ₹159.60 witnessed in November 2024, indicating robust investor optimism about the growth plans of the company.

Founded in 2007 and listed since January 2020, Panache Digilife is an IT-enabled services player that offers solutions under digital products, electronics distribution, and IT services. Panache Digilife concentrates on offering innovative digital and IT solutions to corporate customers and growing its presence in electronics and technology services.

REF: https://nsearchives.nseindia.com/corporate/PANACHE_25092025194027_Outcome_BM_Pref_Issue_PDL_Signed.pdf

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