Panache Innovations Limited announced Board of Directors has passed a circular resolution on May 29, 2020, that based on the recommendation of Nomination and Remuneration Committee, appointed Mr. Shailesh Premji Gala as an Additional Independent Director of the Company to hold office up to the date of next Annual General Meeting with effect from 29th May, 2020 for a term of 5 (five) years upto 28th May, 2025, subject to the approval of shareholders of the Company. His appointment shall not be liable to retire by rotation. Pursuant to the changes in the Board of Directors, the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee have been reconstituted effective from 29th May, 2020. Shailesh Premji Gala is also appointed as member of Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee.