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

Panache Digilife has announced a board meeting regarding two penalty orders from the Joint Commissioner of CGST & Central Excise totaling approximately ₹4.47 crore. The penalties stem from allegations of wrongful availment and utilization of ineligible Input Tax Credit. The company plans to appeal these orders, which currently pose no immediate impact on its financials or operations. This situation may create investor caution due to regulatory scrutiny, but proactive measures being taken could result in a positive outlook if resolved favorably.