Pace Digitek Limited has informed the Exchange regarding 'Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015'. We would like to bring to your kind attention the appointment of Mr. Ketan Chitnis, Chief Operation Officer, a Senior Management Personnel ( SMP ) in Lineage Power Private Limited (our Material Subsidiary ).
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Pace Digitek Limited has informed the stock exchange about the appointment of Mr. Ketan Chitnis as the Chief Operating Officer (COO) of Lineage Power Private Limited, which is a Material Subsidiary of the company. Mr. Chitnis has been designated as a Senior Management Personnel (SMP). The disclosure is being made under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine corporate governance disclosure about a senior management appointment at the subsidiary level. It reflects organizational strengthening at the subsidiary but is unlikely to have a material impact on the parent company's stock price in the short term.