Dear Members,
The Directors of your Company have the pleasure in presenting the Sixteenth Annual
Report together with the audited financial statements for the financial year
("FY") ended March 31, 2023.
FINANCIAL RESULTS
The summary of the Companys financial performance, both on a standalone and
consolidated basis, for FY 23 as compared to the previous FY i.e., FY 22 is given below:
( in lakhs)
|
2022-23 |
2021-22 |
2022-23 |
2021-22 |
| Revenue from operations |
11179.60 |
8590.94 |
11179.60 |
8590.94 |
| Other income |
143.26 |
264.53 |
89.91 |
200.51 |
Earnings before interest, tax, depreciation and amortization (EBITDA)
and prior period adjustments (excluding other income) |
560.08 |
445.27 |
560.08 |
445.27 |
| Depreciation and amortization expenses |
79.09 |
69.82 |
79.09 |
69.82 |
| Finance Cost |
393.04 |
327.49 |
393.04 |
327.49 |
Profit before tax (PBT) from continuing operations |
231.21 |
297.52 |
177.86 |
233.50 |
| Tax expense |
46.02 |
87.89 |
46.02 |
87.89 |
Profit after tax (PAT) from continuing operations |
185.18 |
209.63 |
131.83 |
145.60 |
Share of Profit / (loss) from associate company |
- |
- |
(0.52) |
0.43 |
Profit/(Loss) from discontinuing operations |
- |
- |
(48.90) |
(66.13) |
| Profit after tax (PAT) |
185.18 |
209.63 |
82.41 |
79.90 |
*Previous year figures have been regrouped / rearranged wherever necessary.
Standalone Performance
During the year, your Company achieved total revenue of 11179.60 Lakhs as compared to
8590.94 Lakhs in the previous year.
The Earnings before Interest, Tax, Depreciation and Appropriations (EBITDA) stood at
560.08 Lakhs in the current year as compared to 445.27 Lakhs during the previous year.
During the year, the Net Profit after Tax stood at 185.18 Lakhs as compared to 209.63
Lakhs in the previous year.
Consolidated Performance
Your Company achieved total revenue of 11179.60 Lakhs as compared to 8590.94 Lakhs in
the previous year.
The Earnings before Interest, Tax, Depreciation and Appropriations (EBITDA) stood at
560.08 Lakhs in the current year as compared to 445.27 Lakhs during the previous year.
The Net Profit after Tax stood at 82.41 Lakhs as compared to 79.90 Lakhs in the
previous year.
STATE OF THE COMPANYS AFFAIRS
The information on the affairs of the Company has been given as part of the Management
Discussion & Analysis Report forming part of this Report.
MATERIAL CHANGES AND COMMITMENT
There were no other material changes and commitment affecting financial position which
have occurred between the end of the financial year of the company to which the financial
statements relate and the date of this Report.
DIVIDEND
The Board of Directors of the Company thought it would be prudent to conserve capital
and has not recommended dividend for the FY 2022-23.
TRANSFER TO RESERVE
Your Company does not propose to transfer any amount from the current years profits to
the General Reserve.
TRANSFER OF UNCLAIMED DIVIDEND TO INVESTOR EDUCATION AND PROTECTION FUND
Your Company did not have any funds lying unpaid or unclaimed for a period of seven
years. Therefore, there are no funds or shares which are required to be transferred to
Investor Education and Protection Fund (IEPF).
CHANGE IN NATURE OF BUSINESS, IF ANY
There was no change in the nature of business of the Company during the period.
SHARE CAPITAL
The paid-up Equity Share Capital of the Company as on March 31, 2023 was 12 Crores.
There was no change in the share capital during the period.
DEPOSITS
The Company has not accepted any deposits from public and as such, no amount on account
of principal or interest on deposits from public was outstanding as on the date of the
balance sheet.
Further, in compliance with 1st proviso of Rule (2)(1)(c)(viii) of the
Companies (Acceptance of Deposits) Rules, 2014 read with amendment rules thereto, during
the year the Company has accepted loans from directors for business purpose along with a
declaration in writing from them to the effect that the said loan amount is not being
given out of funds acquired by borrowing or accepting loans or deposits from others;
(Amount in )
Sr. No. |
Name of the person |
Relation with the Company |
Amount received during the year |
Amount Outstanding as on March 31, 2023 |
| 1 |
Amit Rambhia |
Managing Director |
13,00,000 |
Nil |
| 2 |
Devchand Rambhia |
Whole-Time Director |
8,70,000 |
20,70,000 |
| 3 |
Nikit Rambhia |
Joint Managing Director |
6,50,000 |
5,59,416 |
SUBSIDIARY & ASSOCIATE COMPANY AND CONSOLIDATION OF FINANCIAL STATEMENT
A list of bodies corporate which are subsidiaries / associates of your Company as on
March 31, 2023 is as follows;
| Technofy Digital Private Limited |
Wholly Owned Subsidiary |
| ICT Infratech Services Private Limited |
Associate Company |
The Board of Directors reviewed the affairs of the Subsidiaries and Associate Company.
In accordance with Section 129(3) of the Act, we have prepared consolidated financial
statements of the Company, its Subsidiary and Associate Company in accordance with Indian
Accounting Standards notified under the Companies (Indian Accounting Standards) Rules,
2015 (‘Ind AS), which forms part of this Annual Report. A statement containing the
salient features of the financial position of the Subsidiary Companies and Associate
Company in Form AOC-1 is annexed as Annexure A. In accordance with Section 136 of the Act,
the audited financial statements, including the consolidated financial statements and
related information of the Company and financials of subsidiary Companies are also
available on our website at https://www.panachedigilife.com/financials.
The Policy for determining material subsidiaries, pursuant to the provisions of
Securities and Exchange Board of India (‘SEBI) (Listing Obligations and Disclosure
Requirements) Regulation, 2015 (‘the SEBI Listing Regulations), may be accessed on
the Companys website at https://www.panachedigilife.com/corporate-governance#policies.
BOARD OF DIRECTORS & KEY MANAGERIAL PERSONNEL
Directors
The composition of the Board is in accordance with the provisions of Section 149 of the
Act and Regulation 17 of the SEBI Listing Regulations, with an appropriate combination of
Non-Executive Directors and Independent Directors. The complete list of Directors of the
Company has been provided as part of the Corporate Governance Report.
During the year under review;
Mr. Devchand Rambhia (DIN: 00165851) was liable to retire by rotation and being
eligible was re-appointed at the 15th Annual General Meeting held on September
29, 2022.
Mr. Amit Rambhia (DIN: 00165919) was reappointed as Managing Director for a period of 3
years effective from February 17, 2023 to February 16, 2026 in the Board meeting held on
August 10, 2022 and his appointment was approved by member in 15th Annual
General Meeting held on September 29, 2022.
Mr. Nikit Rambhia (DIN: 00165678) was reappointed as Joint Managing Director for a
period of 3 years effective from February 17, 2023 to February 16, 2026 in the Board
meeting held on August 10, 2022 and his appointment was approved by member in 15th
Annual General Meeting held on September 29, 2022.
Mr. Bhavin Adani (DIN: 02919483), who was appointed as an Independent Director of the
Company for a second term of 5 (Five) years w.e.f. February 17, 2018 to February 16, 2023
has ceased to be an Independent Director of the Company with effect from close of business
hours of February 16, 2023 pursuant to completion of aforesaid term.
Mr. Devchand Rambhia (DIN: 00165851) who was reappointed as Whole Time Director of the
Company for a period of 3 (Three) years w.e.f. February 17, 2020 to February 16, 2023 had
expressed his unwillingness to further continue as a Whole Time Director of the Company
and stepped down with effect from close of business hours of February 16, 2023.
The Board records its deep appreciation for valuable contribution and support by Mr.
Bhavin Adani and Mr. Devchand Rambhia during their term as the Director of the Company.
Mr. Nitesh Savla (DIN: 05155342), Chief Financial Officer of the Company was appointed
as the Whole Time Director for a period of 3 years effective from February 14, 2023 to
February 13, 2026 in the Board meeting held on February 14, 2023 and his appointment was
approved by the members by way of Postal Ballot on May 4, 2023.
Mr. Jayesh Rambhia (DIN: 02049473) was appointed as an Additional Independent Director
for a period of 5 years effective from February 14, 2023 to February 13, 2028 in the Board
meeting held on February 14, 2023, and his appointment as an Independent Director was
approved by the members by way of Postal Ballot on May 4, 2023.
Section 152 of the Act provides that unless the Articles of Association provide for
retirement of all directors at every AGM, not less than two-third of the total number of
directors of a public company (excluding the Independent Directors) shall be persons whose
period of office is liable to determination by retirement of directors by rotation, of
which one-third are liable to retire by rotation. Accordingly, Mr. Amit Rambhia (DIN:
00165919), will retire by rotation at ensuing AGM and being eligible, has offered himself
for reappointment.
The terms and conditions of appointment of Independent Director are available on the
website of the Company at https://www.panachedigilife.com/corporate-governance#board. The
Board is of the opinion that the Independent Directors of the Company possess requisite
qualifications, experience and expertise and they hold highest standards of integrity.
Key Managerial Personnel
Pursuant to the provisions of sub-section (51) of Section 2 and Section 203 of the Act
read with the Rules framed thereunder, the following persons are the Key Managerial
Personnel of the Company as on March 31, 2023.
1. Mr. Amit Rambhia - Managing Director
2. Mr. Nikit Rambhia - Joint Managing Director
3. Mr. Nitesh Savla* - CFO & Whole Time Director
4. Mr. Harshil Chheda - Company Secretary & Compliance Officer
*Mr. Devchand Rambhia ceased as a Whole-Time Director of the Company pursuant to
completion of tenure with effect from February 16, 2023 and Mr. Nitesh Savla, Chief
Financial Officer of the Company was appointed as the Whole- time Director of the Company
with effect from February 14, 2023.
Declaration by Independent Directors
All the Independent Directors have submitted the declaration of independence, pursuant
to Section 149(7) of the Act and Regulation 25(8) of the SEBI Listing Regulations, stating
they meet the criteria of independence as provided in Section 149(6) of the Act and
Regulation 16(1)(b) of the SEBI Listing Regulations and they are not aware of any
circumstance or situation, which exist or may be reasonably anticipated, that could impair
or impact his / her ability to discharge his / her duties with an objective independent
judgment and without any external influence.
All Independent Directors of the company have confirmed that they have registered
themselves with Independent Directors Database of the Indian Institute of Corporate
Affairs (IICA) and have cleared online proficiency test of IICA, as applicable.
Annual Evaluation of Directors, Committees and Board
Pursuant to the Act and the SEBI Listing Regulations, the Company has "Directors
Performance Evaluation Policy" in place. In accordance with the said Policy, all the
Directors had filled up Questionnaire and feedback form for evaluation of individual
Directors, Board as a whole, Chairman, committees, and Independent Directors, whose format
forms part of the policy. Thereafter Board evaluated every Director including Independent
Director at its meeting held on February 14, 2023.
The Board has also evaluated its own performance, Audit Committee, Nomination &
Remuneration Committee and Stakeholders Relationship Committee, Chairman and all Directors
individually. The Board concluded that the overall performance of all the Directors was
very good.
Independent Directors Separate Meeting
A separate meeting of Independent Directors of the Company, was held on February 14,
2023 as required under Schedule IV to the Act (Code for Independent Directors) and
Regulation 25(3) of the SEBI Listing Regulations.
At the meeting following matters were taken up;
reviewed the performance of Non-Independent Directors and the Board as a whole.
reviewed the performance of the Chairperson of the Company. assess the quality, quantity
and timeliness of flow of information.
All Independent Directors of the Company attended the Meeting of Independent Directors.
Familiarization Programme
The Company has familiarized the Independent Directors with the Company, their roles,
responsibilities in the Company, nature of industry in which the Company operates,
business model of the Company, etc. The details relating to the familiarization programme
are available on the website of the company at
https://www.panachedigilife.com/corporate-governance#board.
Policy on Directors Appointment and Remuneration
The Nomination and Remuneration Policy of the Company has been formulated in terms of
Section 178 of the Act. This Policy governs policy relating to Directors, Key Managerial
Personnels and Senior Managements appointment and remuneration including criteria for
determining qualifications, positive attributes, independence of a director. The complete
disclosure of the said policy is available on the Companys website at
https://www.panachedigilife.com/corporate-governance#policies.
PREVENTION OF INSIDER TRADING:
The Board of Directors has adopted the Insider Trading Policy in accordance with
requirements of SEBI (Prohibition of Insider Trading) Regulations, 2015. The Insider
Trading Policy of the Company lays down guidelines and procedures to be followed and
disclosures to be made while dealing with shares of the Company, as well as the
consequences of violation. The Policy has been formulated to regulate, monitor and ensure
reporting of deals by employees and to maintain the highest ethical standards of dealing
in Company Securities.
The Insider Trading Policy of the Company covering code of practices and procedures for
fair disclosure of unpublished price sensitive information and code of conduct for the
prevention of insider trading is available on the Companys website
https://www.panachedigilife.com/corporate-governance.
MANAGEMENT DISCUSSION & ANALYSIS REPORT AND CORPORATE GOVERNANCE REPORT
In terms of Regulation 34 of the Listing Regulations, a separate section on Management
Discussion and Analysis and Corporate Governance Report together with a certificate from a
Practicing Company Secretary confirming compliance with the SEBI Listing Regulations
relating to Corporate Governance of the Listing Regulations are set out and form part of
this Annual Report.
AUDITORS
Statutory Auditor
Pursuant to the provisions of Section 139(2) of the Act and the rules made thereunder,
the Members at their 15th AGM held on September 29, 2022 has appointed M/s.
Jain Salia & Associates, Chartered Accountants
(Firm Registration Number 116291W) as the Statutory Auditors of the Company for a term
of five years, i.e., from the conclusion of the 15th AGM till the conclusion of
20th AGM.
There is no qualifications, reservations or adverse remarks made by Statutory Auditors,
in their report on Financial Statements of the Company and hence do not call for any
further explanation or comments from the Board under Section 134(3)(f) of the Act.
Further, there were no frauds reported by the Statutory Auditors as specified under
Section 143(12) of the Act.
The Notes on financial statements referred to in the Auditors Report are
self-explanatory and do not call for any further comments.
Secretarial Auditor
Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, the Board had appointed M/s. D. M.
Zaveri & Co., Company Secretaries as Secretarial Auditor to undertake the Secretarial
Audit of the Company for the FY 2022-23.
Further, in terms of the regulatory requirements; M/s D. M. Zaveri & Co. has issued
the Annual Secretarial Compliance Report, confirming compliance by the Company of the
applicable SEBI regulations and circulars / guidelines issued thereunder.
The Secretarial Audit Report is appended as Annexure B to this Report. There is no
adverse remark, qualification, reservation or disclaimer in the Secretarial Audit Report.
Further, there were no frauds reported by the Secretarial Auditors as specified under
Section 143(12) of the Act.
Cost Records and Cost Audit
Pursuant to Section 148 of the Act read with Companies (Cost Records and Audit) Rules,
2014, maintenance of cost records is applicable to the Company and accordingly, such
accounts and records are being maintained by the Company.
During the year, Company was not required to carry out Cost Audit pursuant to the
provisions of Section 148 of the Companies Act, 2013 read with Companies (Cost Records and
Audit) Rules, 2014. However, pursuant to the said provision, the Cost audit became
applicable to the company for the FY 2023-24 and accordingly the Board of Directors, based
on the recommendation of the Audit Committee, appointed M/s Kishore Bhatia &
Associates (Firm Registration No. 00294), Cost Accountants, as Cost Auditors to audit the
cost records of the Company for the FY 2023-24 on agreed remuneration of Rs. 1,10,000/-
plus applicable taxes and reimbursement of out-of-pocket expenses at actual.
M/s Kishore Bhatia & Associates, Cost Accountants being eligible, have consented to
act as a Cost Auditor for conducting the cost audit of the Company for the FY 2023-24. As
required under the Act, necessary resolution seeking Members ratification for the
remuneration payable to Kishore Bhatia & Associates for the FY 2023-24 will be placed
at the forthcoming Annual General Meeting.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO
The Company has strong commitment towards conservation of energy, natural resources and
adoption of latest technology in its areas of operation.
The information on Conservation of Energy, Technology Absorption and Foreign Exchange
Earnings and Outgo as stipulated under Section 134(3)(m) of the Act read with Rule 8 of
the Companies (Accounts) Rules, 2014, is provided as Annexure C of Directors Report.
PARTICULARS OF EMPLOYEES AND RELATED DISCLOSURES
The statement containing information as required under the provisions of Section
197(12) of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014 is provided as Annexure D of Directors Report.
In terms of the first proviso to Section 136 of the Act, the Reports and Accounts are
being sent to the Members excluding the information required under Rule 5(2) and (3) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. The said
information is available for inspection by the members.
DIRECTORS RESPONSIBILITY STATEMENT
Pursuant to Section 134(5) of the Act, the Board of Directors confirm that, to the best
of their knowledge and belief:
A. in the preparation of the annual accounts, the applicable accounting standards had
been followed along with proper explanation relating to material departures;
B. the directors had selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of
the profit of the company for that period;
C. the directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities; D.
the directors have prepared the annual accounts a on a going concern basis;
E. the directors had laid down internal financial controls to be followed by the
Company and that such financial controls are adequate and are operating effectively;
F. the directors had devised proper systems to ensure compliance with the provisions of
all applicable laws are in place and such systems are adequate and operating effectively.
SECRETARIAL STANDARDS
The Company has complied with Secretarial Standards issued by the Institute of Company
Secretaries of India on Board Meetings and General Meetings.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has adequate system of internal controls commensurate with the size of its
operation and business to ensure that all assets are safeguarded and protected against
loss from unauthorized use or disposition, and to ensure that all the business
transactions are authorized, recorded and reported correctly and adequately.
During the year, M/s. SSPK & Associates, Chartered Accountants were appointed as
the Internal Auditors by the Board of Directors for the FY 2022-23. The Board of Directors
at its meeting held on May 24, 2023, upon recommendation of Audit Committee has approved
the appointment of M/s. Sanket Sangoi & Associates, Chartered Accountants, (FRN:
137348W), as the Internal Auditor of the Company for the FY 2023-24. The Audit Committee
reviews reports submitted by Internal Auditor. Suggestions for improvement are considered
and the Audit Committee reviews on the corrective actions taken by the Management. The
Internal Auditor report directly reports to Audit Committee.
For more details on the topic, please refer to the Management Discussion and Analysis
report which form part of the Annual Report.
BOARD MEETINGS
During the year, the Board met 4 (Four) times. The details of the Board meetings held
during FY 2022-23 are disclosed in the Corporate Governance Report appended to this
Report.
COMMITTEES OF THE BOARD:
The Board of Directors has constituted various statutory committees comprising of
Executive, Non-Executive and Independent Directors to discharge various functions, duties
and responsibilities cast under the Act, the SEBI Listing Regulations and other applicable
statutes, rules and regulations applicable to the Company from time to time. Currently,
the Board of Directors has formulated following committees, viz. i. Audit Committee ii.
Nomination & Remuneration Committee iii. Stakeholders Relationship Committee
The details of the meetings, composition and terms of reference of the Committees are
disclosed in Corporate Governance Report appended to this Report.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
For the FY 2022-23, the provisions of Section 135 of the Companies Act, 2013 w.r.t.
Corporate Social Responsibility are not applicable to the Company.
VIGIL MECHANISM
Pursuant to Rule 7 of the Companies (Meetings of Board and its Powers) Rules, 2014 read
with Section 177(9) and (10) of the Act and Regulation 22 of the SEBI Listing Regulations,
your Company has adopted Whistle Blower Policy for Directors and employees to report
genuine concerns to the management of the Company. The whistle blower policy of the
Company is posted on the website of the Company and may be accessed at
https://www.panachedigilife.com/corporate-governance#policies.
PARTICULARS OF LOANS GIVEN, INVESTMENTS MADE, GUARANTEES GIVEN AND SECURITIES PROVIDED
BY THE COMPANY
The particulars of loans, guarantees and investments as per Section 186 of the Act by
the Company have been disclosed in the Financial Statements.
CONTRACTS AND ARRANGEMENTS WITH RELATED PARTY
All Related Party Transactions that were entered during the financial year were in the
ordinary course of business and at arms length basis. The Audit Committee grants an
omnibus approval for the transactions that are in the ordinary course of the business and
repetitive in nature. For other transactions, the Company obtains specific approval of the
Audit Committee before entering into any such transactions. A statement giving details of
all Related Party Transactions are placed before the Audit Committee on a quarterly basis
for its review. Disclosure as required by the Indian Accounting Standards (Ind AS 24) has
been made in the notes to the Financial Statements.
There were no materially significant RPTs made by the Company with Promoters,
Directors, KMPs or Body Corporate(s), which had a potential conflict with the interest of
the Company at large. Accordingly, the disclosure of RPTs as required under the provisions
of Section 134(3)(h) of the Act in Form AOC-2 is not applicable. The Policy on related
party transactions, as formulated by the Board is available on the Companys website at
https://www.panachedigilife.com/corporate-governance#policies.
RISK MANAGEMENT
The Company has formulated a Risk Management Policy for dealing with different kinds of
risks which it faces in day-to-day operations of the Company. Risk Management Policy of
the Company outlines different kinds of risks and risk mitigating measures to be adopted
by the Board. The Company has adequate internal control systems and procedures to combat
the risk. The Risk management procedure will be reviewed by the Audit Committee and Board
of Directors on time-to-time basis.
For more details on the topic, please refer to the Management Discussion and Analysis
report which forms part of the Annual Report. Policy on Risk Management is available on
the Companys website at https://www.panachedigilife.com/corporate-governance#policies.
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION
AND REDRESSAL) ACT, 2013
The Company has in place a policy for prevention, prohibition and redressal of sexual
harassment at workplace. Further, the Company has constituted an Internal Committee under
the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act,
2013, where complaints in the nature of sexual harassment can be registered. Appropriate
reporting mechanisms are in place for ensuring protection against sexual harassment and
the right to work with dignity. During the year under review, the Company has not received
any complaints in this regard.
The Policy on Prevention, Prohibition and Redressal of Sexual Harassment at the
Workplace is available on the Companys website at
https://www.panachedigilife.com/corporate-governance#policies.
ANNUAL RETURN
The Annual Return in Form MGT 7 as required under Section 92(3) of the Companies Act,
2013 is available on the website of the Company at
https://www.panachedigilife.com/shareholder-information#agm.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS
During the year, no significant and material orders have been passed against the
Company by any Regulators or Courts or Tribunals impacting the Companys going concern
status and operations in future.
HUMAN RESOURCE / INDUSTRIAL RELATIONS
The engagement with workmen and staff remained cordial and harmonious during the year
and the management received full co-operation from employees.
The Company (excluding subsidiaries) had 39 employees on its rolls as on March 31,
2023. The Board places on record its sincere appreciation for the valuable contribution
made by the employees across all levels whose enthusiasm, team efforts, devotion and sense
of belonging has always made the Company proud.
OTHER INFORMATION / DISCLOSURES
No application has been made by the Company and there are no proceedings pending
against the Company, under the Insolvency and Bankruptcy Code, 2016 (31 of 2016) during
the Financial Year 2022-23.
There were no transactions requiring disclosure or reporting in respect of matters
relating to one-time settlement with any bank or financial institution.
Wherever applicable, refer the Companys website www.panachedigilife.com or relevant
details will be provided to the members on written request to the Company Secretary.
ACKNOWLEDGEMENT
The Directors wish to place on record their appreciation for the devoted services of
the employees, who have
largely contributed to the efficient management of your Company. The Directors also
place on record their appreciation for the continued support from the shareholders,
customers, suppliers, Governments, bankers, lenders and other stakeholders.
For and on behalf of the Board of Directors of Panache Digilife Limited
|
Amit Devchand Rambhia |
| Date: August 10, 2023 |
Chairman & Managing Director |
| Place: Mumbai |
DIN: 00165919 |
+91-9892691696
