Board approves ESOP 2026, Rs 200 Cr capacity expansion, new director
PACEDIGITK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved ESOP 2026 covering 20 lakh shares and Rs 200 Cr capacity expansion from 2.5 GWh to 10 GWh in battery storage, funded by internal accruals, targeted for FY27. Approved setting up a clean energy Research Centre in Pune. Appointed ex-IRS officer Maya Swaminathan Sinha as Independent Director for 5 years. Acquiring remaining 49 percent stake in Inso Pace from CMD Venugopalrao Maddisetty to make it a 99.99 percent subsidiary. Also forming a new wholly owned subsidiary. Postal ballot planned for shareholder approval of ESOP and material related party transactions with Lineage Power, Pace Ecoplanet and Inso Pace.
Positive - Rs 200 Cr expansion from 2.5 to 10 GWh signals battery storage growth; new independent director adds governance strength. ESOP and related party deals need shareholder nod.