Panache Digilife completes ₹2.25 crore right issue in Technofy Digital

Mergers & acquisitions
Information Technology

Blacklitt Research29 October 20262 min read

A server room with rows of cabinets under blue cables. — Photo by Taylor Vick on Unsplash (Unsplash License). Illustrative image.

Panache Digilife (NSE: PANACHE) has completed the allotment of 22,50,000 equity shares of Technofy Digital Private Limited to itself in a right issue, for ₹2.25 crore paid in cash, it said in a filing on 29 Oct 2026. Technofy reported nil turnover for FY 2025-26, and the company keeps 100% of it.

Key highlights

Cost of acquisition: ₹2.25 crore, paid in cash
Equity shares allotted: 22,50,000
Shareholding after allotment: 100%
Completion date: 29 Oct 2026

The investment in numbers

Item	Detail
Investor	Panache Digilife Limited
Target	Technofy Digital Private Limited, wholly owned subsidiary
Route	Allotment of equity shares in a right issue
Consideration	Cash, ₹2.25 crore
Shares allotted	22,50,000 equity shares
Shareholding after allotment	100%
Target's authorised capital	₹3.00 crore, 30,00,000 equity shares of ₹10 each
Target's paid-up capital	₹2.26 crore, 22,60,000 equity shares of ₹10 each

What Technofy Digital does

Technofy Digital Private Limited was incorporated on 4 Jun 2019 with its registered office in Mumbai, India. It manufactures, trades in and distributes IT, electronic and telecommunication products, and provides IT services and related designing services.

Amit Rambhia and Nikit Rambhia, and their relatives, are considered interested in Technofy as part of the promoter group. The transaction is a related party transaction and was at arm's length.

Size of the step against the company

Technofy's turnover is given as nil for FY 2023-24, FY 2024-25 and FY 2025-26, and as nil on 31 Mar 2026. The investment was of strategic nature, and the company says it would help in expanding the business operations of Technofy.

At the 29 Oct 2026 close of ₹646.80 a share, Panache Digilife's market value was ₹1,036 crore. On 23 Oct 2026 the company also informed the exchange of an allotment of equity shares on warrant conversion.

What the investment means for Panache Digilife's shareholders

The company paid ₹2.25 crore in cash, and after the allotment it holds 100% of Technofy, which the filing says remains its wholly owned subsidiary. Neither the price per share, the source of the funds nor the effect on the company's results is given.

Reference: Original filing (PDF)

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