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Panache Digilife Limited has confirmed there were no deviations or variations in the utilization of funds raised through its preferential issue of equity shares and convertible warrants, totaling ₹26.14 crore and ₹1.59 crore, respectively. This statement, reviewed by the Audit Committee for the quarter ended September 30, 2024, indicates that all funds are being used as originally intended for business growth, corporate purposes, and working capital requirements. Investors may view this transparency positively, as it reflects sound governance and alignment with stated financial objectives, which could enhance confidence in the company's financial management.