Outcome of Board Meeting
PACEDIGITK · price
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Pace Digitek Limited's Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Standalone revenue declined to ₹17,108 million from ₹22,711 million in FY25, but profit after tax improved to ₹2,465 million (up 5.6% from ₹2,333 million). The company completed its IPO in October 2025, raising ₹8,191 million, and has deployed ₹4,173 million of proceeds toward a battery energy storage project in Maharashtra through subsidiary Pace Renewable Energies Private Limited (PREPL). PREPL became a wholly-owned subsidiary after acquiring existing promoters' stake. The company also incorporated new subsidiaries including Transgreenx Energy, Lineage Defence and Aerospace, and Pace Ecoplanet Solace. Secretarial auditor Mr. Pramod S was appointed for 5 years.
Revenue declined year-over-year but profitability improved, indicating better cost management. The large IPO and subsidiary acquisitions signal expansion into renewable energy. However, rising trade receivables (₹19,752 million) and negative operating cash flow (₹620 million) may raise concerns about working capital management for investors.