Pace Digitek Ltd

Pace Digitek Limited — Trading Window Closed from Thursday, October 01, 2026 till the expiry of 48 (Forty Eight) hours after the announcement of Unaudited Financial Results for the Quarter and Half year ended September 30, 2026.

Resignation of SMP: Surajit Khan

• Mr. Surajit Khan, Business Head - Projects, resigns effective 24 September 2026.
• Resignation tendered on 4 September 2026.
• Last working day to be considered from close of business hours on 24 September 2026.
• Reason for change: personal reasons.
• Board will note the resignation at the upcoming Board Meeting.

Order win details

• LPPL has secured an order worth Rs 4,884.6 million including GST from NGSL.
• Scope covers supply, testing, erection supervision, and commissioning of 5.015 MWh BESS containers with BMS/EMS.
• Includes five years AMC and a seven-year extended warranty for battery containers.
• Completion is scheduled by December 31, 2026.
• Barh project expands Pace Digitek's participation across the BESS value chain.

Capacity expansion & strategy

• Pace Digitek expanded BESS capacity from 2.5 GWh in 2025 to 5 GWh.
• Target capacity is 10 GWh by Q3 FY2027.
• Delivered BESS containers totaling over 1.5 GWh to date.
• Company developing localised manufacturing, integration and service capabilities.

Strategic positioning & outlook

• C&I applications are an emerging opportunity alongside utility-scale BESS.
• Management expects deeper customer engagement and a diversified Energy business.
• LPPL will continue investing to support customers across the energy-storage lifecycle.

AGM details

• Date and mode: 21 September 2026, held via video conferencing/AV means.
• Record date: 14 September 2026.
• Shareholders on record: 99,851.
• Voting: remote e-voting before and during the AGM.

Resolutions

• Resolution 1 (Ord): Adopt Audited Financial Statements and consolidated reports.
• Resolution 2 (Ord): Re-appoint Venugopalrao Maddisetty as Director liable to rotation.
• Resolution 3 (Ord): Ratify remuneration of Kamalakara & Co., Cost Auditors for FY2027.
• Resolution 4 (Special): Appoint Maya Swaminathan Sinha as Women Independent Director.
• Resolution 5 (Special): Approve loan/investment/guarantee for Lineage Power Private Limited.
• Resolution 6 (Special): Approve loan/investment/guarantee for Pace Renewable Energies Private Limited.
• Resolution 7 (Special): Approve loan/investment/guarantee for Inso Pace Private Limited.
• Resolution 8 (Special): Approve remuneration by Lineage Power Private Limited to Lahari Maddisetty.
• Resolution 9 (Ord): Appoint Pramod S., PCS as Secretarial Auditor for 5 years.
• Resolution 10 (Ord): Levy charges for serving documents to Members.

Voting results

• Resolution 1: Passed; 94.99% in favour.
• Resolution 2: Passed; 99.99% in favour.
• Resolution 3: Passed; 99.99% in favour.
• Resolution 4: Passed; 99.99% in favour.
• Resolution 5: Passed; 99.94% in favour.
• Resolution 6: Passed; 99.99% in favour.
• Resolution 7: Passed; 99.94% in favour.
• Resolution 8: Passed; 98.96% in favour.
• Resolution 9: Passed; 99.99% in favour.
• Resolution 10: Passed; 99.99% in favour.

Directors & auditors

• Director changes: Maddisetty re-appointed; Maya Swaminathan Sinha appointed Women Independent Director.
• Secretarial Auditor: Pramod S. appointed for five years to March 31, 2031.
• Cost Auditors: Kamalakara & Co. remuneration ratified for FY2027.

Material related party transactions

• Loans/investments/guarantees approved for Lineage Power Private Limited; Pace Renewable Energies Private Limited; Inso Pace Private Limited.
• Remuneration by Lineage Power Private Limited to Lahari Maddisetty approved.

AGM Details

• Date: 21 Sep 2026; time 11:30–12:45 IST.
• Held through VC/OAVM; deemed venue: registered office.
• Remote e-Voting window: 9:00 AM Sep 18 to 5:00 PM Sep 20, 2026.
• E-voting during AGM: 30 minutes after conclusion.
• Quorum present throughout meeting.
• 37 members attended virtually.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for FY 2025-26 and reports.
• Resolution 2 (Ordinary): Re-appoint Venugopalrao Maddisetty by rotation.
• Resolution 3 (Ordinary): Ratify remuneration of Kamalakara & Co. for FY 2027.
• Resolution 4 (Special): Appoint Maya Swaminathan Sinha as Women Independent Director.
• Resolution 5 (Special): Approve loan/investment/guarantee for Lineage Power Private Limited.
• Resolution 6 (Special): Approve loan/investment/guarantee for Pace Renewable Energies Private Limited.
• Resolution 7 (Special): Approve loan/investment/guarantee for Inso Pace Private Limited.
• Resolution 8 (Special): Remuneration by Lineage Power Private Limited to Lahari Maddisetty for office of profit.
• Resolution 9 (Ordinary): Appoint Pramod S as Secretarial Auditor till 2031.
• Resolution 10 (Ordinary): Levy of charges for serving documents to Members.

Voting Status

• Results to be declared after Scrutinizer's report.
• Results to be submitted to stock exchanges and on company website.

Related Party Transactions

• RPT: Lineage Power Private Limited—loan/investment/guarantee approved.
• RPT: Pace Renewable Energies Private Limited—loan/investment/guarantee approved.
• RPT: Inso Pace Private Limited—loan/investment/guarantee approved.
• RPT: Remuneration by Lineage Power Private Limited to Lahari Maddisetty.

Directors & Changes

• Venugopalrao Maddisetty to be re-appointed by rotation.

Auditors & Secretarial

• Secretarial Auditor: Pramod S appointed for five years to 2031.

Other Approvals

• Levy of charges for serving documents to Members.

Order details

• Awarding entity: NTPC GE Power Services Private Limited.
• Scope: Supply, delivery, testing, and supervision of erection, testing, and commissioning of 5.015 MWh BESS containers with BMS/EMS.
• Value: Rs. 4,884.61 million, inclusive of taxes.
• Completion: To be completed by December 31, 2026.
• Domestic entity: NTPC GE Power Services is a domestic entity.
• Related party: No promoter/group interest.
• Impact: Material order for Lineage Power; potential impact on order book.