Panache Digilife Limited — Credit Ratings, 29-07-2025: Credit Rating

India Ratings and Research has withdrawn Panache Digilife's credit rating for its bank facilities, totaling approximately **₹39.93 Cr**, at the company's request, supported by a bank No-Objection Certificate. Prior to this, the ratings were migrated to the 'non-cooperating' category because the company failed to provide crucial financial updates and management information despite repeated agency requests. This lack of transparency, viewed by the agency as a sign of potential business distress or weak governance, could negatively impact investor confidence and potentially increase the company's future cost of borrowing due to diminished public credit visibility. Investors should exercise caution.