PACE Digitek has officially announced the execution of an exclusive Original Equipment Manufacturer (OEM) agreement with NEC XON Systems Proprietary Limited. The strategic partnership, disclosed through regulatory filing dated April 24, 2026, grants NEC XON exclusive rights to market, distribute, and sell the company's battery energy storage systems and related energy solutions across five Southern African territories.

Partnership Framework and Market Coverage

The agreement establishes NEC XON Systems as the exclusive distributor for PACE Digitek's energy solutions across defined territories including South Africa, Botswana, Mozambique, Namibia, and Mauritius. Under this partnership, NEC XON will serve as the go-to-market and deployment partner, while PACE Digitek and its subsidiary Lineage Power Private Limited will continue to focus on product development, manufacturing and supply.

Strategic Market Expansion Initiative

This partnership marks a key step in PACE Digitek's international expansion, enabling entry into select African markets through an established regional partner. Africa represents a high-growth opportunity for grid-scale energy storage solutions, driven by increasing renewable integration, grid stability requirements and rising demand for reliable power infrastructure. The collaboration combines PACE Digitek's integrated BESS manufacturing capabilities with NEC XON's regional market access, systems integration expertise and project execution capabilities.

Management Commentary and Partnership Benefits

Commenting on the development, Mr. Rajiv Maddisetty, Whole-time Director, PACE Digitek Limited, stated: "This partnership with NEC XON marks an important step in our international expansion journey. It provides a strong platform to introduce our integrated energy solutions into high-growth markets, while supporting the ramp-up of our BESS manufacturing capacity. We believe this collaboration will enable us to build a scalable international business, strengthen our product segment and increase our presence in the global energy storage market."

Magnus Coetzee, Executive Infrastructure & Energy at NEC XON Systems Proprietary Limited, added: "We are pleased to partner with PACE Digitek and Lineage Power. LPPL's manufacturing capabilities, product quality and focus on integrated energy solutions align well with our requirements for delivering reliable and grid-scale BESS solutions across our markets. This partnership strengthens our ability to offer advanced energy solutions to our customers and supports our focus on enabling resilient and efficient infrastructure across the region."

Regulatory Compliance and Transaction Structure

According to the regulatory disclosure filed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the agreement does not constitute a related party transaction and involves no shareholding arrangements between the entities. The partnership will enable PACE Digitek to establish structured demand channels across new geographies while reinforcing its positioning as a product-led energy solutions provider.

Source: None/Company/INE0S3G01027/480bb7cf-7cd8-4dd8-a17a-1de4dbc7850c.pdf

Pace Digitek Limited has officially announced substantial order inflows worth ₹64,597 million for the financial year 2026 through a press release issued under Regulation 30 on April 16, 2026. The announcement marks a significant milestone in the company's business development efforts, with energy emerging as the key growth driver.

Order Book Composition and Sector Distribution

The order distribution reveals strong concentration in the energy sector, which dominates the company's secured business portfolio:

Energy Business Leadership with Diversified Contract Mix

The energy segment's ₹58,147 million contribution is driven by a strategic mix of contract types that provide both long-term visibility and near-term execution opportunities. The energy order inflows reflect the company's increasing participation in Battery Energy Storage Systems (BESS) and renewable-linked opportunities:

The Build Own Operate (BOO) contracts provide annuity-linked revenue streams and long-term cash flow visibility, while EPC contracts offer execution visibility driven by utility-scale project deployment. The company has secured projects from central and state agencies including KPTCL, KREDL, NTPC, SECI and MAHAGENCO, along with private sector customers.

Telecom Segment Stability and Recurring Revenue

The telecom sector contributes ₹6,450 million to the order portfolio, driven by O&M, equipment supply and infrastructure projects from customers including BSNL, Tata Teleservices, RailTel, Indian Railways and other private sector clients. This segment provides stable execution and near-term cash flow visibility while maintaining recurring revenue streams through O&M contracts.

Management Commentary and Strategic Outlook

Commenting on the performance, Chairman & Managing Director Mr. Venugopal Rao Maddisetty stated that FY2026 marks a pivotal year as the company scales its presence in the energy segment, particularly in battery energy storage and renewable infrastructure. He emphasized that the diversified order mix across BOO, EPC and supply provides a healthy balance of long-term visibility and near-term execution, positioning the company for sustained and scalable growth in the evolving energy sector.