Pace Digitek approves two RPTs, rejects four
Pace Digitek Limited sought shareholder approval for six material related party transactions via a postal ballot conducted under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders approved resolutions for Pace Renewable Energies Private Limited and Transgreenx Energy Private Limited with a 99.94% majority, while rejecting four other resolutions involving Lineage Power Private Limited, Pace Ecoplanet Solace Private Limited, Inso Pace Private Limited, and Lanarsy Infra Limited. The postal ballot process, overseen by scrutinizer Mr. Pramod. S, involved 81,801 shareholders as on the record date of April 21, 2026.
*this image is generated using AI for illustrative purposes only.
Pace Digitek Limited secured shareholder approval for two of six proposed material related party transactions during a postal ballot concluded on May 26, 2026. The company sought consent for transactions with six entities, but resolutions involving Lineage Power Private Limited, Pace Ecoplanet Solace Private Limited, Inso Pace Private Limited, and Lanarsy Infra Limited did not receive the requisite votes. The voting process was conducted through remote e-voting under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The resolutions for transactions with Pace Renewable Energies Private Limited and Transgreenx Energy Private Limited were passed with a majority of 99.94%. The scrutinizer's report confirms that these two resolutions obtained the necessary approval from members. The postal ballot process was overseen by Mr. Pramod. S, a Practicing Company Secretary appointed by the Board of Directors.
The total number of shareholders as on the record date of April 21, 2026, was 81,801. The notice for the postal ballot was dispatched on April 23, 2026. The remote e-voting period commenced on April 24, 2026, and concluded on May 23, 2026. The results were declared based on the votes cast during this period.
Voting Results Summary
| Resolution | Related Party | Status | Votes For | Votes Against | % For |
|---|---|---|---|---|---|
| 4 | Pace Renewable Energies Private Limited | Passed | 11,115,287 | 5,819 | 99.95% |
| 5 | Transgreenx Energy Private Limited | Passed | 11,115,291 | 5,815 | 99.95% |
| 1 | Lineage Power Private Limited | Not Passed | 385,930 | 10,735,176 | 3.47% |
| 2 | Pace Ecoplanet Solace Private Limited | Not Passed | 385,930 | 10,735,176 | 3.47% |
| 3 | Inso Pace Private Limited | Not Passed | 385,930 | 10,735,176 | 3.47% |
| 6 | Lanarsy Infra Limited | Not Passed | 385,163 | 10,735,875 | 3.46% |
Scrutinizer Details
Mr. Pramod. S (ACS No. 36020, CP No. 13335) served as the scrutinizer for the postal ballot process. The e-voting facility was provided by MUFG Intime India Private Limited. The detailed scrutinizer's report and voting results are available on the company's website. The filing was submitted by Meghana M P, Company Secretary and Compliance Officer of Pace Digitek Limited.
Historical Stock Returns for Pace Digitek
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.70% | +5.79% | +4.36% | -11.28% | -12.87% | -12.87% |
How will Pace Digitek Limited adjust its operational strategy following the rejection of transactions with four key related parties?
What specific concerns prompted shareholders to vote against the resolutions involving Lineage Power and Pace Ecoplanet Solace?
Will the company restructure the rejected proposals and resubmit them for shareholder approval in the future?
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