Panache Digilife Limited, a prominent player in the digital life space, recently informed the National Stock Exchange (NSE) about the resignation of its President - Online Sales, Mr. Jaydeep Jadav. As per the announcement made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Jaydeep Jadav's resignation will take effect from the close of business hours on February 4, 2025. The resignation comes as Jaydeep seeks to explore new career opportunities outside the organization.

This change in senior management personnel is an important update for investors and stakeholders associated with Panache Digilife Limited, as it marks a significant leadership shift. Jaydeep's departure is in line with SEBI's regulatory framework, which mandates timely disclosures regarding any significant changes in a company's leadership team. Details of the resignation, including the reason for the change and its effective date, have been shared in Annexure I of the official disclosure.

Key Points on the Resignation:

• Reason for the change: Jaydeep Jadav has tendered his resignation to take up career opportunities outside the organization.
• Effective date: The resignation is effective from February 4, 2025.
• Further details: There is no further disclosure required regarding the brief profile or relationships with other directors, as indicated in the filing.

Background on Jaydeep Jadav’s Role:

Jaydeep Jadav has been an instrumental part of Panache Digilife Limited, contributing significantly to the company's online sales initiatives. His leadership in the online sales division helped Panache expand its market presence in a highly competitive digital space. His resignation brings forth a key leadership transition at a crucial time for the company, as it continues to focus on growth and innovation in the digital sector.

Looking Ahead for Panache Digilife Limited:

The resignation of a senior management personnel like Jaydeep is always a notable event for stakeholders, but it also presents opportunities for new leadership and innovation within the organization. Panache Digilife Limited will likely continue to adapt and strengthen its strategies in the evolving digital landscape.

For investors looking to stay updated on the latest changes, Panache Digilife's announcement provides valuable insights into the company's management structure and how it aligns with SEBI's regulations for transparency in corporate governance.

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