Pace Digitek Ltd

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 company also approved material related party transactions with Lineage Power, Pace Ecoplanet Solace, and Inso Pace Private Limited. 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. Furthermore, Pace Digitek approved the acquisition of entire equity shareholding of Inso Pace Private Limited, making it a Wholly Owned Subsidiary, and the appointment of Ms. Maya Swaminathan Sinha as an Additional Director. The re-appointment of Sundaram & Srinivasan as Internal Auditors for FY 2026-27 was also approved.

Pace Digitek Ltd announced the outcome of its Board Meeting held on June 20, 2026. The board approved the 'Pace Digitek Employee Stock Option Plan, 2026' (PDL ESOP 2026) and its extension to subsidiary employees, subject to shareholder approval. Key decisions also included approving the acquisition of entire equity shareholding of M/s. Inso Pace Private Limited, making it a Wholly Owned Subsidiary, and the formation of a new WOS. Additionally, the company will establish a Research Centre in Pune focused on clean and renewable energy technologies, aligning with 'Atmanirbhar Bharat' and 'Make in India' initiatives. The board also discussed the expansion of its manufacturing facility and approved the re-appointment of M/s. Sundaram & Srinivasan as Internal Auditors for FY 2026-27. Approval was also given for postal ballots to transact material related party transactions with Lineage Power, Pace Ecoplanet Solace, and Inso Pace Private Limited.

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.

Pace Digitek Ltd reported strong FY26 results driven by expansion across energy and telecom & ICT businesses. Revenue from operations stood at ₹2,641 crore, with an order book of ₹11,338 crore. Profit After Tax (PAT) increased by 10.1% YoY to ₹307 crore. The company operationalized its BESS manufacturing platform and executed 480 MWh of utility-scale BESS capacity. In the Telecom & ICT sector, it manufactured 7,877 telecom power systems and erected 1,035 telecom towers.

Pace Digitek Ltd has received an Advance Work Order (AWO) from Bharat Sanchar Nigam Limited (BSNL) for the BharatNet middle-mile & last-mile network project in the Sikkim Telecom Circle. The contract is valued at ¥2,646.5 million (inclusive of GST). The project involves design, supply, construction, installation, upgradation, operation, and maintenance of network infrastructure. This order expands Pace Digitek’s participation in digital connectivity infrastructure and government-led broadband network projects, diversifying its Telecom & ICT revenue mix. With this order, the company’s total executable order book is over ¥ 110,000 million.

Pace Digitek Ltd has received a contract aggregating to ₹2,646.50 Million (including GST) from Bharat Sanchar Nigam Limited (BSNL). The contract involves the Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance of the middle mile network of Bharatnet in the Sikkim Telecom Circle. The order is to be executed within 1095 days from the appointed date.

Pace Digitek Ltd has secured a Battery Energy Storage System (BESS) EPC and long-term O&M contract worth ₹7,099 million from NLC India Renewables Limited for a 250 MW / 500 MWh BESS project in Tamil Nadu. The contract includes EPC execution (excluding power transformers) and 12-year O&M services. This marks their second BESS order win for FY2027, bringing YTD Energy segment order wins to ₹14,119 million and cumulative wins to ₹97,869 million. The project combines manufacturing-linked supply with long-term O&M, enhancing revenue visibility and customer engagement.

Pace Digitek Ltd has secured a contract worth ₹7,099.19 Million (including GST) from NLC India Renewables Limited (NIRL). The project involves design, engineering, supply (excluding power transformers), manufacturing, erection, testing, and commissioning of a 250MW/500MWh Battery Energy Storage System (BESS) on a turnkey basis. The contract also includes 12 years of comprehensive operation and maintenance at Ottapidaram SS, Annupankulam SS, and Kayathar SS in Tamil Nadu. The completion timeline for the entire capacity is 12 months from the Letter of Award, with operation & maintenance for 12 years from COD.

Pace Digitek Ltd submitted a Monitoring Agency Report by Crisil Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report pertains to the utilization of IPO proceeds and confirms no deviations from the stated objectives. Gross proceeds from the fresh issue were ₹8,191.48 million, with ₹733.14 million allocated to issue expenses, resulting in net proceeds of ₹7,458.34 million. The report, available on the company's website, declares an objective view based on provided information, without independent verification or legally binding obligations.

Pace Digitek Ltd has secured Battery Energy Storage System (BESS) supply, erection, and long-term O&M contracts from Damodar Valley Corporation (DVC) for a 250 MW / 500 MWh project in Maithon, Jharkhand. The contracts, valued at ₹7,020 million (including GST), include supply, EPC services, and a 12-year O&M contract. This marks Pace Digitek's first BESS order for FY2027, expanding its BESS project portfolio to over 5 GWh.