Pace Digitek Limited has informed the Exchange regarding Notice of Postal Ballot
PACEDIGITK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Pace Digitek Limited has issued a postal ballot notice seeking shareholder approval for 6 material related party transactions worth a total of Rs 9,397 crore for FY 2026-27. The transactions involve deals with subsidiaries including Lineage Power Private Limited (Rs 4,325 crore), Pace Renewable Energies Private Limited (Rs 1,800 crore), Pace Ecoplanet Solace Private Limited (Rs 1,100 crore), Transgreenx Energy Private Limited (Rs 1,100 crore), Inso Pace Private Limited (Rs 910 crore), and Lanarsy Infra Limited (Rs 162 crore). Remote e-voting opens on April 24, 2026 and closes on May 23, 2026, when the resolutions will be deemed passed if approved.
Shareholders should carefully review these large related party transactions totaling nearly Rs 9,400 crore, which represent significant business dealings with subsidiaries. The approval is required under SEBI regulations and Companies Act provisions, with all transactions mandated to be at arm's length and in ordinary course of business.