Pace Digitek Limited has successfully incorporated a new subsidiary company to strengthen its position in the renewable energy sector. The subsidiary, named PACE ECOPLANET SOLACE PRIVATE LIMITED, was incorporated on January 05, 2026, and will serve as a Special Purpose Vehicle for executing orders from Maharashtra State Power Generation Company Limited.

Subsidiary Incorporation Details

The newly incorporated subsidiary has received its Certificate of Incorporation from the Registrar of Companies of Ministry of Corporate Affairs, Central Registration Centre. The key incorporation parameters are outlined below:

Shareholding Structure and Investment

Pace Digitek Limited will hold a controlling stake in the subsidiary through a strategic shareholding arrangement. The investment will be made through cash consideration for equity participation.

Business Scope and Operations

The subsidiary will operate in the renewable energy sector with a comprehensive business mandate. PACE ECOPLANET SOLACE PRIVATE LIMITED will focus on multiple aspects of energy solutions and equipment manufacturing.

The company's business activities will include:

• Manufacturing and assembly of energy storage devices
• Production of solar panels and related equipment
• Development of batteries and power generation devices
• Import and export operations for energy equipment
• Manufacturing of power supplies, generators, and chargers
• Production of sub-assemblies and components for energy systems

Strategic Purpose and Market Position

The subsidiary establishment represents Pace Digitek's strategic expansion into renewable energy project execution. As a Special Purpose Vehicle, PACE ECOPLANET SOLACE PRIVATE LIMITED will specifically handle orders from Maharashtra State Power Generation Company Limited, enabling focused project management and execution capabilities.

The incorporation aligns with the company's growth strategy in the renewable energy sector, providing dedicated resources for large-scale power generation projects. This structure allows for specialized operations while maintaining the parent company's core business focus.

Regulatory Compliance

The subsidiary incorporation has been completed in full compliance with regulatory requirements. The company has fulfilled all necessary approvals from the Ministry of Corporate Affairs and has obtained the required Certificate of Incorporation. As a related party transaction, the subsidiary will maintain appropriate governance structures and compliance protocols as per SEBI regulations.

Pace Digitek Limited 's subsidiary Lineage Power Private Limited has secured a major contract worth ₹94.35 crores from Bharat Sanchar Nigram Limited (BSNL) for supplying lithium-ion battery modules. The company announced this significant milestone through a regulatory filing under SEBI Regulation 30 on January 2, 2026, highlighting the strategic importance of this order for India's telecommunications infrastructure sector.

Contract Specifications and Technical Details

The comprehensive agreement encompasses the supply of 25,000 advanced lithium-ion battery modules (100 AH/48V) along with 2,500 high-durability IP55-rated racks. These systems will be configured into high-capacity battery sets ranging from 300AH to 1200AH, providing essential energy storage for modern telecom network requirements.

Service Framework and Quality Assurance

The contract includes extensive service provisions extending well beyond initial supply. Lineage Power will provide a comprehensive 5-year warranty period for all supplied battery modules, followed by a 5-year Annual Maintenance Contract (AMC) for infrastructure support. This creates a 10-year support lifecycle ensuring long-term reliability and performance standards.

Strategic Deployment and Technology Integration

The advanced rack technology features IP55-rated protection designed to house eight 48V/100AH modules each, offering superior environmental protection for both indoor and outdoor installations. All Battery Management Systems (BMS) will be registered on the Telecom Trusted Portal and undergo rigorous TSEC/TAC certification processes, ensuring compliance with national security and performance standards.

According to the official announcement, the coordinated 5-month rollout will cover BSNL circles nationwide to rapidly enhance network stability. The systems offer full compatibility with existing SMPS equipment through standardized communication protocols, facilitating seamless integration into BSNL's current infrastructure.

Market Positioning and Company Leadership

Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of PACE Digitek Limited, emphasized the significance of this order as a testament to Lineage Power's mission to deploy state-of-the-art, energy-efficient technology. The contract positions the subsidiary as a critical partner in reinforcing BSNL's power infrastructure and demonstrates the company's capability to handle large-scale telecommunications deployments.

This substantial order represents a significant milestone for PACE Digitek in the telecommunications infrastructure sector, potentially opening doors for future collaborations with BSNL and other major telecom operators across India's expanding digital network infrastructure.