PANACHE2024-01-012024-03-31 PANACHE2024-01-012024-03-31 PANACHE2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member PANACHE2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member PANACHE2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PANACHE NOTLISTED Panache Digilife Limited Equity 2023-04-01 2024-03-31 2024-05-28 2024-05-21 INR Lakhs Yearly 15:00:00 20:20:00 2024-05-28 2024-05-28 true Cash Flow Indirect Declaration of unmodified opinion Single segment Trading & Manufacturing of Computer Systems, Laptops, IT Systems & its peripherals 2024-01-01 2024-03-31 Audited Consolidated 547841000.00 17223000.00 565064000.00 467129000.00 0.00 12543000.00 10695000.00 11522000.00 2215000.00 18433000.00 522538000.00 42526000.00 -43513000.00 -987000.00 28000.00 383000.00 411000.00 0.00 -1398000.00 -655000.00 242000.00 -897000.00 124000.00 -2171000.00 -184000.00 -2355000.00 -195000.00 -57000.00 -379000.00 -57000.00 120000000.00 10 -0.11 -0.11 -0.08 -0.08 -0.18 -0.18 1) The above consolidated financial results of Panache Digilife Limited ( the Company ) and its subsidiaries, associate company (together referred as the Group ) for the quarter and year ended 31st March 2024 were reviewed by the Audit Committee and have been approved and taken on record by the Board of Directors at its meeting held on 28th May 2024. The statutory auditors have issued audit report with unmodified opinion on these results. 2) The figures for the corresponding previous period have been regrouped/reclassified wherever necessary, to make them comparable. 3) Financial Results for all the periods presented have been prepared in accordance with IND AS notified under section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time. 4) As the company's main business activity falls within a single primary business segment viz. manufacturing & trading of computer systems, IT Hardware & peripherals, the disclosure requirements of segment reporting as per IND AS 108 are not applicable. 5) The figures of the the last quarter are the balancing figures between the audited figures in respect of the full financial year up to March 31, 2024 and the unaudited published year to date figures upto December 31, 2023, being the date of third quarter of the financial year which were subjected to limited review. 6) As disclosed in the previous year’s result, the status of subsidiary viz. Technofy Digital Private Limited, continued to be ‘not a going concern’. Hence the company has continued to disclose subsidiary’s result as a discontinued operation as per Ind AS 105 “Non-current Assets Held for Sale and Discontinued Operations. 7) On October 5, 2023, The company has acquired 15,000 shares @ Rs. 10 per share. Consequently, ICT Infratech Services Private Limited has become Wholly Owned Subsidiary of Panache Digilife Limited. The acquisition is of a strategic nature and will help the Company in reviving the business of ICT Infratech Services Private Limited. The Financial statements of ICT Infratech Services Private Limited (Wholly Owned Subsidiary) have been prepared on the assumption that it is “a going concern’. During the financial year, the business activities of the subsidiary has already been started. 8) On November 4, 2023, the company has acquired 26% stake in Cadcord Technologies Private Limited. The acquisition is of strategic nature and will help the Company in supply chain management and pricing control. 9) On October 13, 2023, the company has subscribed for 60% stake in newly incorporated body corporate viz. NAJ Digilife Private Limited. 10) During the quarter, Company has issued corporate guarantee to its associate company Cadcord Technologies Private Limited worth Rs. 1.33 Crores against Lease of plant & machinery for a tenure of 5 years 11) During the quarter, Technofy Digital Private Limited (WOS) has discharged its all liabilities against term loan taken for purchase of lease land. Accordingly, company's liability for corporate guarantee given towards above term loan has been extinguished. 12) Exceptional Item includes write-off of an amount receivable due to non receipt of GST credit, which had to be paid by the company. Additionally, the company had made advance payments to foreign suppliers for the procurement of goods. However, due to disputes over the quality and technical specifications of these goods, the company has been unable to recover the funds or receive the materials. Given the significance and one-time nature of this transaction, it has been disclosed under exceptional items. Single segment 2023-04-01 2024-03-31 Audited Consolidated 965425000.00 30473000.00 995897000.00 819007000.00 0.00 3477000.00 37831000.00 44484000.00 8834000.00 43561000.00 957194000.00 38703000.00 -43513000.00 -4810000.00 58000.00 995000.00 1053000.00 0.00 -5862000.00 11452000.00 242000.00 11210000.00 123000.00 5471000.00 -184000.00 5287000.00 5414000.00 -66000.00 5230000.00 -66000.00 120000000.00 10 195769000.00 -0.48 -0.48 0.93 0.93 0.46 0.46 Other Expenses 18433000.00 Other Expenses 43561000.00 -26000.00 85970000.00 0.00 23050000.00 0.00 6271000.00 0.00 0.00 2722000.00 723000.00 0.00 2066000.00 25000.00 2814000.00 0.00 13000.00 120840000.00 252096000.00 0.00 477102000.00 5939000.00 8000.00 5238000.00 4660000.00 492947000.00 0.00 60438000.00 805482000.00 39108000.00 0.00 965429000.00 120000000.00 198744000.00 318744000.00 318718000.00 13889000.00 0.00 4637000.00 18526000.00 7534000.00 2026000.00 0.00 675000.00 28761000.00 304890000.00 247910000.00 6086000.00 558885000.00 12046000.00 5881000.00 -1647000.00 0.00 575165000.00 42785000.00 0.00 646711000.00 965429000.00 0.00 3477000.00 4471000.00 0.00 -8445000.00 0.00 0.00 -3795000.00 0.00 50062000.00 0.00 -40517000.00 0.00 8838000.00 0.00 1328000.00 0.00 991000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27605000.00 11452000.00 2428000.00 0.00 57895000.00 53086000.00 0.00 0.00 0.00 4746000.00 0.00 48339000.00 0.00 0.00 8330000.00 0.00 0.00 0.00 0.00 0.00 87638000.00 6676000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4182000.00 0.00 0.00 0.00 0.00 536000.00 0.00 -260000.00 0.00 85387000.00 0.00 0.00 40000.00 0.00 0.00 0.00 0.00 0.00 200000.00 69587000.00 4592000.00 0.00 0.00 49545000.00 0.00 0.00 -123483000.00 10243000.00 0.00 10243000.00 -283521000.00 -273278000.00 -246000.00 -246000.00 -62000.00 -62000.00 0.00 0.00