Pace Digitek Limited has announced the resignation of a senior management personnel in compliance with regulatory disclosure requirements. The company informed stock exchanges about this key personnel change on March 04, 2026.

Senior Management Personnel Resignation

The company disclosed that Mr. Sathya Seelan T, Head – ICT – Technical & Operations, has tendered his resignation effective from the close of business hours on March 06, 2026. The resignation was formally submitted through a letter dated March 04, 2026, though the executive had initially intimated about his intention to resign on December 15, 2025.

Regulatory Compliance

Pace Digitek Limited has fulfilled its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details to both BSE Limited and National Stock Exchange of India Limited regarding this senior management personnel change.

The resignation will be formally acknowledged in the company's upcoming Board Meeting. Company Secretary and Compliance Officer Meghana M P signed the regulatory filing, ensuring proper compliance with disclosure requirements.

Transition and Acknowledgment

In his resignation letter, Mr. Seelan expressed appreciation for his tenure of over two years with the company. He highlighted the valuable learning experiences, professional relationships developed, and the support received from the organization during his time as Head of ICT Technical & Operations in the Telecom & ICT Business unit.

The outgoing executive has offered to assist with the transition process, including training nominated employees and conducting knowledge transfer sessions. He remains available for future support and clarifications regarding the opportunities he worked on during his tenure with Pace Digitek Limited.

Pace Digitek Limited has announced that its material subsidiary, Lineage Power Private Limited, has secured a substantial purchase order worth ₹1,587.10 million from Reliance Industries Limited. The order involves the supply of advanced telecom battery solutions, representing a significant business milestone for the company in the telecommunications infrastructure sector.

Contract Specifications

The purchase order was awarded to Lineage Power Private Limited for the supply of specialized lithium-ion battery packs designed for telecom infrastructure. The contract demonstrates the scale of this major industrial engagement with one of India's largest conglomerates.

Management Commentary

Commenting on the development, Chairman & Managing Director, Mr. Venugopal Rao Maddisetty stated that this order from Reliance Industries Limited reinforces their position as a trusted provider of critical energy infrastructure in India. He emphasized that this supports their strategy of increasing product-led revenues alongside EPC and annuity-linked infrastructure projects.

Order Book Impact

With this latest contract, the consolidated order book of Pace Digitek Limited stands at approximately ₹104,906 million, comprising Telecom & ICT infrastructure and Energy segments. This substantial addition strengthens the company's revenue visibility and market position in the battery manufacturing sector.

Regulatory Compliance

Pace Digitek has filed the necessary intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms this is a domestic order with no related party transaction implications or promoter group interests in the awarding entity.

Strategic Impact

This substantial contract reinforces Pace Digitek's growing presence in the telecommunications battery manufacturing sector through its subsidiary operations. The partnership with Reliance Industries validates the technical capabilities and production capacity of Lineage Power Private Limited in providing advanced battery solutions for telecom infrastructure.