Panache Digilife Limited — Others, 07-02-2025: Action(s) initiated or orders passed

Panache Digilife Limited has disclosed the receipt of a penalty order from the Joint Commissioner of CGST & Central Excise, Thane, amounting to ₹1.29 crore related to alleged wrongful availment of ineligible Input Tax Credit under GST regulations. The company is appealing this order, indicating proactive management in addressing compliance issues. While the penalty represents a significant financial figure, it does not pose an immediate impact on the company's operations or financial health. Investors may view this development as a potential risk, warranting close monitoring on the company's compliance strategy moving forward.