Pace Digitek Limited, an integrated provider of energy solutions and telecom infrastructure, has secured BESS supply, erection, and long-term O&M contracts from Damodar Valley Corporation (DVC) for the implementation of a 250 MW / 500 MWh Battery Energy Storage System (BESS) project at Maithon, Jharkhand. The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Contract Details and Scope

The contracts carry a combined value of ₹7,019.54 Million (including GST) and comprise a supply contract, an EPC services contract, and a long-term operation & maintenance (O&M) contract. The following table summarises the key parameters of the order:

The scope of work includes design, engineering, manufacturing-linked supply, installation, testing, commissioning, and 12-year comprehensive O&M, along with associated civil, structural, and evacuation infrastructure works.

Strategic Significance

This order marks Pace Digitek's first BESS order win for FY2027, building on the strong momentum achieved in FY2026, where the company reported energy order inflows of ₹58,147 million, led by increasing traction in BESS and renewable-linked opportunities. The order highlights the company's ability to execute across the entire BESS value chain, integrating manufacturing, EPC execution, and lifecycle services.

The company's manufacturing-led execution model, linking in-house capacity with a secured project pipeline, enables tighter control over costs, execution timelines, and delivery quality, while supporting scalable growth in utility-scale deployments. With this win, Pace Digitek's BESS project portfolio has expanded to over 5 GWh, spanning utility-scale storage, renewable integration, and grid support applications.

Management Commentary

Commenting on the development, Chairman & Managing Director Mr. Venugopal Rao Maddisetty stated, "This order from DVC reinforces our position in utility-scale energy storage and the strength of our integrated model across manufacturing, EPC and lifecycle services. As energy storage becomes central to renewable integration, we are scaling a manufacturing-led platform aligned to project execution, enabling disciplined delivery, cost efficiency and long-term asset performance. We remain focused on expanding our presence in this high-growth segment."

About Pace Digitek Limited

Pace Digitek Limited is an integrated infrastructure and energy solutions company in India, operating across two business segments: Energy, and Telecom & ICT. The company operates across the value chain, spanning Manufacturing, Engineering, Procurement & Construction (EPC), and Operations & Maintenance (O&M). In the energy segment, the company undertakes BESS design, integration, and deployment, and through its subsidiary, Lineage Power Private Limited, also manufactures energy storage systems and related components. In the telecom segment, the company undertakes manufacturing of telecom power systems and provides EPC services and O&M for telecom infrastructure and network deployments across multiple circles in India.

Pace Digitek Limited published a newspaper advertisement disclosure on April 24, 2026, regarding its postal ballot notice for material related party transactions worth ₹9,397 crore with six entities. The company issued the postal ballot notice dated April 23, 2026, seeking shareholder approval for transactions during Financial Year 2026-27.

Newspaper Advertisement Publication

The company published the newspaper advertisement disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 24, 2026. The advertisement appeared in Financial Express (English) and Udayakala-Bengaluru (Kannada) newspapers, informing stakeholders about the postal ballot process.

E-Voting Schedule and Process

The remote e-voting period commences on April 24, 2026, at 9.00 A.M. (IST) and concludes on May 25, 2026, at 5.00 P.M. (IST). The company has engaged MUFG Intime India Private Limited (formerly Link Intime India Private Limited) as the Registrar and Transfer Agent to facilitate remote e-voting for members. The cut-off date for determining member eligibility was April 21, 2026.

Proposed Related Party Transactions

The board seeks approval for material related party transactions with six entities through ordinary resolutions. The transactions include sale and purchase of products/services, management consultancy, inter-corporate loans, and reimbursement of charges.

Regulatory Compliance and Scrutinizer Appointment

The postal ballot notice has been issued pursuant to Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 110 of the Companies Act, 2013. Mr. Pramod S (Membership No. A56020 and CP No.15355), Practicing Company Secretary, is appointed as the Scrutinizer to conduct the postal ballot through remote e-voting process. All transactions are proposed to be conducted at arm's length and in the ordinary course of business, with Audit Committee approval based on certificates from the Managing Director and Chief Financial Officer. The notice is available on the company's website at www.pacedigitek.com , BSE Limited, and National Stock Exchange of India Limited.