Pace Digitek Approves ESOP, New Subsidiary, and Research Centre

Pace Digitek Ltd's Board of Directors met on June 20, 2026, approving the 'Pace Digitek Employee Stock Option Plan, 2026' (PDL ESOP 2026) for employees and subsidiaries, subject to shareholder approval. The board also approved a postal ballot to transact material related party transactions with Lineage Power, Pace Ecoplanet Solace, and Inso Pace. Additionally, a new research centre will be established in Pune to focus on clean and renewable energy technologies, aligning with 'Atmanirbhar Bharat' and 'Make in India' initiatives. The company also approved the acquisition of Inso Pace Private Limited, making it a wholly-owned subsidiary, the formation of another new wholly-owned subsidiary, and the re-appointment of Sundaram & Srinivasan as Internal Auditors for FY 2026-27. The board also discussed the expansion of its manufacturing facility in Ramanagara.