Credit Rating

August 27, 2026 Manager – Listing Department, National Stock Exchange of India Limited Exchange Plaza, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra East, Mumbai – 400 051, Subject: Intimation of Credit Rating under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Symbol: PANACHE Dear Sir / Madam, Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Crisil Rating Limited, the credit rating agency, has assigned the following rating: Facility Amount in INR Ratings Rating Action Long Term Bank Facilities 29 Crore Crisil BBB-/Stable Rating Assigned The rating letter issued by Crisil Rating Limited is enclosed. Kindly take this information on record and acknowledge. Thanking You, Yours Faithfully, For Panache Digilife Limited Harshil Chheda Company Secretary, Compliance Officer & Head - Legal Place: Mumbai Crisil CONFIDENTIAL Ratings RL/VRTPL/402871/BLR/0826/157167 August 26, 2026 Mr. Amit D Rambhia Managing Director Panache Digilife Limited Unit No. 201-B, B-Wing, Raheja Plaza 1, Opposite R City Mall, L.B.S. Marg, Ghatkopar West, Mumbai City - 400086 Dear Mr. Amit D Rambhia, Re: Assignment of Crisil Ratings to the bank facilities of Panache Digilife Limited All ratings assigned by Crisil Ratings are kept under continuous surveillance and review. Please find in the table below the ratings outstanding for the debt instruments/facilities of the company, and the rating actions by Crisil Ratings on the ratings as on date. Total Bank Loan Facilities Rated Rs.29 Crore Long Term Rating Crisil BBB-/Stable (Assigned) (Bank-wise details as per Annexure 1) As per our Rating Agreement, Crisil Ratings would disseminate the ratings, along with the outlook, through its publications and other media, and keep the ratings, along with the outlook, under surveillance over the life of the instrument/facility. Crisil Ratings reserves the right to withdraw, or revise the ratings, along with the outlook, at any time, on the basis of new information, or unavailability of information, or other circumstances which Crisil Ratings believes may have an impact on the ratings. Please visit www.crisilratings.com and search with the name of the rated entity to access the latest rating/s. In the event of the company not availing the proposed facilities within a period of 180 days from the date of this letter, a fresh letter of revalidation from Crisil Ratings will be necessary. Crisil Ratings products / activities or ratings of instruments other than securities that are listed or proposed to be listed may fall under the purview of financial sector regulators (FSRs) other than SEBI. In respect of such products / activities or ratings (under the purview of other FSRs such as Reserve Bank of India (RBI), Ministry of Corporate Affairs (MCA), Insurance Regulatory and Development Authority of India (IRDAI), among others), the grievance / dispute redressal and investor protection mechanisms available under SEBI regulations shall not be applicable. A list of products/activities or ratings of instruments falling under the purview of various FSRs along with the names of respective FSRs has been duly disclosed by Crisil Ratings on its website. A link to the same has been provided below for ready reference: https:/Avww.crisilratings.com/en/home/our-business/ratings/regulatory-disclosures/list-of-activities-instruments-and- names-of-regulators.html CRATNE E This letter will remain valid till September 16, 2027. After this date, please insist for a new rating letter (dated later alsll September 16, 2027). Ratings Should you require any clarification, please feel free to get in touch with us. “ ‘With warm regards, Yours sincerely, Disclaimer: A raling by Crisil Ralings reflects Crisil Ralings' current opinion on fhe likelihood of timely payment of the obligations under the rated insirument, and does not constitute an audit of the rated entity by Crisil Ratings. Our ratings are based on information provided by the issuer or obtained by Crisil Ratings from sources it considers reliable. Crisil Ratings does not guarantee the completeness or accuracy of the information on which the rating is based. A rating by Crisil Ratings is not a recommendation to bu/ syell or hold the rated instrument; it does not comment on the market price or sitability for a particular investor. Crisil Ratings has a practice of keeping all its ratings under surveillance and ratings are revised as and when circumstances so warrant. Crisil Ratings is not responsible for any emors and especially states that it has no financial liability whatsoever to the subscribers/ users / transmitters / distributors of its ratings. Crisil Ratings’ criteria are available without charge to the public on the web site, cwrwwi silratincgosm. Crisil Ratings or its associates may have other commercial transactions with the company/entity. For the latest rating information on_any instrument of any company rated by Crisil Ratings, please vist www.aisiatingscom or contact Customer Service Helpdesk at Crisiratingdesk@crisi.com or at 1800-267-3850 Crisil Ratings Limited Corporate Identity Number: U67100MH2019PLC326247 Registered Office: Lightbridge IT Park, Saki Vihar Road, Andheri East, Mumbai 400 072, India. . Phone: +9122 6137 3000 | www.crisilratings.com acompany of S&P Global Crisil Ratings Q,»""A Ny Himank Sharma Nivedita Shibu Director - Crisil Ratings Director - Crisil Ratings Annexure 1 - Bank-wise details of various facility classes (outstanding facilities) Amount (Rs. & S.No. | Bank Facility Bank in Crore) Outstanding Rating 1 Cash Credit Canara Bank 29 Crisil BBB-/Stable Total 29 Annexure: List of instruments and names of regulators of the instruments As required by SEBI CRA Circular dated Feb 10, 2026, a list of activities or instruments falling under the purview of various FSRs, along with the names of respective FSRs, is being disclosed below: A Rating activities Sr.No. | Instrument/ activity Name Regulator of the instruments 1 Listed/Proposed to be listed bonds/debentures/preference share (all securities) SEBI 2 Unlisted/ Proposed to be unlisted Bonds/Debentures/ Preference share (all securifies) MCA 3 Listed PTCs/ Secunitisation Notes (originated by entities regulated by RBI)* S. RBI 1 Listed PTCs / Secunitisation Notes (originated by entifies not regulated by RBI)* SEBI 5 Unlisted PTCs / Secunitisation Notes (originated by entifies regulated by RBD* RBL 3 Listed Commercial Paper and NCDs with original maturity less than 1 year RBL 7 Unlisted Conmercial Paper and NCDs with original maturity less than 1 year RBL g Loan Facilities (Fund/Non-Fund Based) from Bank/NBF Cs/NHB/FIs RBL B External Conmnercial Borrowings and ofher similar borrowings RBL 10 Certificates of Deposit RBL 11a Fixed Deposits raised by NBFCs HECs, Fs RBL 116 Fixed Deposits raisebdy Banks + 12 Fixed Deposits raised by corporates other than NBFCs, Banks, HFCs, FIs MCA 3 Tater Corporate Deposits/Loans extended by Corporates MCA 14 Bomowing programme ~ . 15 Tssuer Ratings # E 16 Credit Ratings for Capital Protection Oriented Schemes (by Mutal Funds and AIFs) SEBI 17 Credit quality ratings (CQRs) for Mutual Fund Schemes and Schemes of AIFs SEBI 18 Listed Security Receipts S, RBL 19 Unlisted Security Receipts RBL 20 Tndependent Credit Evaluation (ICE) RBL 21 Expected Loss Ratings (for Loan Facilities (Fund/Non-Fund Based) from Bank/NBF Cs/NHB/Fis) + 2 Expected Loss Ratings (Listed Proposed to be listed bonds/debentures/preference share (all SEBI securities)) 3 Expected Loss Ratings (Unlisted/Proposed to be unlisted Bonds/Debentures/ Preference share (all MCA securities)) 2 Unlisted PTCs/ Securitisation Notes (originated by enfities not regulated by RBI) * Tavestor-side regulator such. as IRDAI, PFRDA @ * Includes securitisation transactions involving assignee payout, acquirer's payout Disclaimer: A rating by Cnisil Ratings reflects Cris [Showing first 8,000 characters — download PDF for full document]