Panache Digilife allots 1,60,300 shares on warrant conversion

The allotment in numbers

Warrant pricing and payment

The warrants were allotted on a preferential basis on 17 Nov 2025 at ₹263 each. Of this, ₹66 per warrant was paid at allotment, and the balance of ₹197 per warrant is payable on conversion, which is the amount the company has now received for 1,60,300 warrants.

The filing refers to 29,28,652 warrants allotted on 17 Nov 2025. The 1,60,300 converted in this allotment are a small part of that total, and the filing does not say how many warrants remain outstanding after this step.

Allottees and conversion

The allotment is made to 15 allottees. Four promoter group members, Amit D Rambhia, Nikit D Rambhia, Deepa Amit Rambhia and Kavita Nikit Rambhia, hold warrants but did not apply for conversion in this allotment.

Warrants must be exercised within 18 months of allotment; unexercised warrants lapse and the amount paid on them is forfeited, according to the filing.

What the allotment means for Panache Digilife's shareholders

The conversion adds 1,60,300 shares, about 1% of the 1,61,74,300 shares now outstanding, and raises paid-up capital to ₹16.17 crore. The new shares rank equally with existing shares.

The filing does not say how the ₹31.58 crore received will be used, why these holders converted now, or whether further conversions are pending. The next date in the filing is the 18-month limit on the remaining warrants, counted from 17 Nov 2025.

Reference: Original filing (PDF)