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 issued a postal ballot notice dated April 23, 2026, seeking shareholder approval for material related party transactions with six entities during Financial Year 2026-27. 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 company also published a newspaper advertisement disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on April 24, 2026, in Financial Express (English) and Udayakala-Bengaluru (Kannada).

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 cut-off date for determining member eligibility was April 21, 2026. Members can cast votes through the InstaVote platform at https://instavote.linkintime.co.in or via depository services. Results will be declared on or before May 26, 2026.

Proposed Related Party Transactions

The board seeks approval for material related party transactions with the following six entities through ordinary resolutions:

• Lineage Power Private Limited
• Pace Ecoplanet Solace Private Limited
• Inso Pace Private Limited
• Pace Renewable Energies Private Limited
• Transgreene Energy Private Limited
• Lanony Infra Limited

The transactions include sale and purchase of products/services, management consultancy, inter-corporate loans, and reimbursement of charges. All transactions are proposed to be conducted at arm's length and in the ordinary course of business. The Audit Committee has reviewed and approved the proposals based on certificates from the Managing Director and Chief Financial Officer.

Regulatory Compliance

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. Related parties as defined under the Listing Regulations are not eligible to vote on these resolutions. 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. The notice is available on the company's website at www.pacedigitek.com , BSE Limited, and National Stock Exchange of India Limited.