Pace Digitek Limited has informed the Exchange about Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in continuation of our intimation dated December 16, 2025, wherein we informed that, the Board of Directors of the Company in its meeting held on Tuesday, December 16, 2025, had approved the incorporation of a Subsidiary as a Special Purpose Vehicle (SPV) for the execution of the order received from Maharashtra State Power Generation Company Limited (MSPGCL ) .
PACEDIGITK · price
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Pace Digitek Limited has incorporated a new wholly-related subsidiary named PACE ECOPLANET SOLACE PRIVATE LIMITED on January 05, 2026, with CIN U27201KA2026PTC213616. The subsidiary has been set up as a Special Purpose Vehicle (SPV) to execute an order received from Maharashtra State Power Generation Company Limited (MSPGCL). Pace Digitek will hold 60% shareholding in the new entity by subscribing to 6,000 equity shares of Rs. 10 face value through cash consideration. The subsidiary will operate in the Renewable Energy sector, focusing on manufacturing and dealing in cells, batteries, energy storage devices, solar panels, chargers, power packs, and related components.
This subsidiary incorporation signals Pace Digitek's expansion into the renewable energy and energy storage segment, leveraging a government order from MSPGCL. The new SPV structure isolates project execution risk and may create long-term value if the renewable energy order translates into sustained revenue, though near-term financial impact is negligible since the entity is newly incorporated with no turnover history.