Panache Digilife Limited – Audit Firm Appointments

Date: 29 April 2026
Board Meeting: 29 April 2026, 12:00 – 20:00

Key Highlights

• Internal Auditor: Sanket Sangoi & Associates, Chartered Accountants appointed for a 12‑month term starting 1 April 2026.
• Cost Auditors: Kishore Bhatia and Associates appointed concurrently.
• Board Approval: Both appointments were approved in a board meeting and disclosed as required by the NSE.

Why It Matters

• Governance Boost: Engaging experienced audit firms enhances internal controls, statutory compliance, and cost audit rigor.
• Risk Mitigation: Stronger audit oversight reduces the likelihood of financial misstatements and regulatory penalties.
• Cost Management: Dedicated cost auditors can identify efficiency opportunities, potentially improving margins.

Investor Implications

• Short‑Term: No direct impact on cash flow or earnings.
• Medium‑Term: Better audit quality may lead to more accurate financial reporting and uncover cost‑saving initiatives.
• Risk Profile: Slightly lower operational and compliance risk.

Outlook

The appointments are a moderately positive development, reflecting a proactive approach to governance. While they do not immediately affect profitability, they lay the groundwork for improved financial discipline and risk management.

Prepared for investors on 29 April 2026.