Pace Digitek Receives Credit Rating Reaffirmation from Crisil with Enhanced Bank Facilities

2 min read     Updated on 03 Apr 2026, 09:07 PM
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Pace Digitek Limited received credit rating reaffirmation from Crisil Ratings Limited on April 02, 2026, maintaining its A-/Stable long-term and A2+ short-term ratings. The total bank loan facilities rated were enhanced from Rs.1000 crore to Rs.1400 crore, comprising various banking arrangements including bank guarantees, cash credit facilities, and proposed working capital facilities across institutions like Canara Bank and HDFC Bank. The company has complied with SEBI disclosure requirements by informing stock exchanges about this development.

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Pace Digitek Limited has announced the reaffirmation of its credit ratings by Crisil Ratings Limited, with an enhancement in the total bank loan facilities rated. The company informed stock exchanges on April 03, 2026, about receiving the rating agency's press release dated April 02, 2026.

Credit Rating Details

Crisil Ratings has reaffirmed Pace Digitek's credit ratings while significantly enhancing the company's rated bank loan facilities:

Parameter: Details
Rating Agency: Crisil Rating Limited
Total Bank Loan Facilities Rated: Rs.1400 Crore (Enhanced from Rs.1000 Crore)
Long Term Rating: Crisil A-/Stable (Reaffirmed)
Short Term Rating: Crisil A2+ (Reaffirmed)

The reaffirmation comes after the rating agency's previous assessment issued on December 08, 2025, demonstrating consistency in the company's creditworthiness evaluation.

Bank Facility Breakdown

The enhanced Rs.1400 crore facility comprises various banking arrangements across multiple institutions:

Facility Type: Bank Amount (Rs. Crore) Rating
Bank Guarantee: Canara Bank 477.29 Crisil A2+
Bank Guarantee: HDFC Bank Limited 100.00 Crisil A2+
Cash Credit: HDFC Bank Limited 50.00 Crisil A-/Stable
Cash Credit: Canara Bank 55.00 Crisil A-/Stable
Letter of Credit: Canara Bank 25.00 Crisil A2+
Proposed Working Capital: -- 400.00 Crisil A-/Stable
Proposed Working Capital: -- 260.38 Crisil A-/Stable
Term Loan: IREDA 32.33 Crisil A-/Stable

Regulatory Compliance

Pace Digitek has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's communication to BSE Limited and National Stock Exchange of India Ltd was signed by Company Secretary and Compliance Officer Meghana M P.

Rating Validity and Surveillance

The rating letter from Crisil Ratings remains valid until March 31, 2027. The rating agency maintains continuous surveillance of all assigned ratings and reserves the right to revise ratings based on new information or changing circumstances. Companies not availing proposed facilities within 180 days from the rating letter date require fresh revalidation from Crisil Ratings.

The rating reaffirmation with enhanced facilities suggests maintained financial stability and improved credit capacity for Pace Digitek Limited, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited.

Historical Stock Returns for Pace Digitek

1 Day5 Days1 Month6 Months1 Year5 Years
+1.90%-2.17%-6.88%-30.30%-31.06%-31.06%

What specific business expansion or capital expenditure plans does Pace Digitek have that necessitated the 40% increase in credit facilities from Rs.1000 to Rs.1400 crore?

How will the additional Rs.400 crore in credit facilities impact Pace Digitek's competitive positioning in the digital infrastructure sector over the next 12-18 months?

What are the key financial metrics and operational improvements that Crisil will monitor to potentially upgrade Pace Digitek's rating from A-/Stable to A/Stable before March 2027?

Pace Digitek Limited Submits SEBI Compliance Certificate for Q4FY26

1 min read     Updated on 02 Apr 2026, 10:00 PM
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Pace Digitek Limited filed its quarterly SEBI compliance certificate under Regulation 74(5) for Q4FY26 on April 02, 2026. The certificate, issued by registrar MUFG Intime India Private Limited, confirms proper dematerialisation processes and adherence to prescribed timelines for the quarter ended March 31, 2026.

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Pace Digitek Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to mandatory regulatory requirements for listed entities regarding dematerialisation processes.

Regulatory Compliance Filing

The company filed its certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 on April 02, 2026. The submission was made to both major stock exchanges where the company is listed.

Exchange Details: Information
BSE Scrip Code: 544550
NSE Symbol: PACEDIGITK
Filing Date: April 02, 2026
Quarter Period: March 31, 2026

Registrar Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as the registrar and transfer agent for Pace Digitek Limited. The registrar issued the compliance certificate dated April 01, 2026, confirming proper handling of dematerialisation processes during the quarter.

The certificate confirms that:

  • Securities received from depository participants for dematerialisation were properly processed
  • All securities were confirmed or rejected to depositories within prescribed timelines
  • Security certificates were mutilated and cancelled after due verification
  • Depository names were substituted in the register of members as registered owners

Company Information

Corporate Details: Information
Registered Office: Plot No. V-12, Industrial Estate, Kumbalgodu, Mysore Highway, Bangalore - 560074
CIN: L31909KA2007PLC041949
Company Secretary: Meghana M P (Membership No: A42534)
Website: www.pacedigitek.com

The company, formerly known as Pace Digitek Private Limited and Pace Digitek Infra Private Limited, maintains its registered office in Bangalore. The filing was signed by Company Secretary and Compliance Officer Meghana M P.

Regulatory Framework

The SEBI (Depositories and Participants) Regulations, 2018 mandate quarterly compliance certificates from listed companies regarding their dematerialisation processes. This ensures transparency and proper handling of securities in electronic form, protecting investor interests and maintaining market integrity.

The certificate has been made available on the company's website at www.pacedigitek.com for public access, ensuring transparency in regulatory compliance reporting.

Historical Stock Returns for Pace Digitek

1 Day5 Days1 Month6 Months1 Year5 Years
+1.90%-2.17%-6.88%-30.30%-31.06%-31.06%

What operational or strategic developments might Pace Digitek announce in their upcoming Q4 FY2026 earnings report?

How could the company's compliance track record impact its eligibility for future regulatory benefits or institutional investment considerations?

Will Pace Digitek's consistent regulatory adherence position it favorably for any upcoming SEBI policy changes affecting listed entities?

More News on Pace Digitek

1 Year Returns:-31.06%