Pace Digitek Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PACEDIGITK · price
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Pace Digitek Limited conducted a postal ballot seeking shareholder approval for material related party transactions with 6 entities. Only 2 out of 6 resolutions passed. Resolutions for transactions with Pace Renewable Energies Private Limited and Transgreenx Energy Private Limited were approved with 99.95% and 99.95% votes in favor respectively. Resolutions for transactions with Lineage Power Private Limited, Pace Ecoplanet Solace Private Limited, Inso Pace Private Limited, and Lanarsy Infra Limited failed to pass. The promoter group did not participate in voting (0 votes), and the outcomes were largely determined by public institutional and non-institutional shareholders.
The company can now proceed with related party transactions with Pace Renewable Energies and Transgreenx Energy. However, transactions with the 4 failed entities cannot be executed, which may impact business plans or ongoing arrangements with those companies.