Panache Digilife Limited — M&A Activity 2019

Jun 5, 2019

	name of the target entity.detailsinbrief		Name of the target enti	ty: Technofy Digital Private LimitedNotapplicable,ed subsidiary.beingnewlynotfallwithinrelatedparty Subsidiary of the Company. Ther group have no direct interest inand Rambhia who is appointed ashareholder of 1 (One) equity shareywithminimumnumber of twovisions ofCompanies Act, 2013. Industry. in furtherance of business of theonestablishingManufacturingandElectronicsProductsand Allied Ancillary activities. inception the target Company ised Subsidiary.scribed 10,000 equity shares atch aggregating to Rs. 1,00,000/-.ing: 100%quired:10,000 equitysharesofg to Rs. 100,000!- India and registered with Registrar on 4‘" June, 2019 with the mainManufacturing Infrastructure for ITtsand Components alongwithurnover: Not applicable as it is aated.
2345678910	such as size. turnover etc("TDPL")Size,turnoveretc.:incorporated wholly ownwhether theacquisitionwouldfallwithinNo.acquisitiondoesrelated party transaction(s) and whether thetransaction.promoter]promotergroup/groupcompanies have any interest in the entityTDPL is Wholly Ownedbeing acquired? If yes,nature of interestpromoter and promoteand details thereof and whether the same isTDPL except Mr. Devchdone at “arms length”;Director and nominee sofRs.10/-to complshareholders as perproindustry to which the entity being acquiredTDPL shall belong to IT belongsobjects and effects of acquisition (includingObject to form TDPL isbut not limited to, disclosure of reasons forCompanytofocusacquisition of target entity. if its business isInfrastructureforIToutside themainline of business of theComponents along with listed entity)briefdetailsofanygovernmentalorNotapplicableregulatoryapprovalsrequiredfortheacquisitionindicative time period for completion of theNot applicable, as fromacquisitionformed as aWholly Ownnatureofconsideration-whethercashCashconsideration or share swap and details ofthe samecost of acquisition or the price at which theThe Company has subshares are acquiredface value of Rs. 10/- eapercentageofshareholding/controlPercentage of shareholdacquiredand/ornumberofsharesacquiredNumberof shares acRs.10/- each aggregatin		("TDPL")Size,turnoveretc.:
			incorporated wholly ownNo.acquisitiondoestransaction.TDPL is Wholly Ownedpromoter and promoteTDPL except Mr. DevchDirector and nominee sofRs.10/-to complshareholders as perproTDPL shall belong to IT Object to form TDPL isCompanytofocusInfrastructureforITComponents along with Notapplicable
	brief background about the entity acquiredTDPL is incorporated in
	intermsofproducts/lineofbusinessof Companies, Mumbai
	acquired, date of incorporation, history oflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (in brief)objects of establishing andElectronicsProducAllied Ancillary activities.History of last 3 years tnewly company incorpor