Pace Digitek Approves ESOP, Research Centre, Acquisition and More in Board Meeting
Pace Digitek's board approved the "Pace Digitek Employee Stock Option Plan, 2026" for 20,00,000 shares. A new Research Centre will be established in Pune. The company will acquire Inso Pace Private Limited to make it a WOS by December 2026 and form another new WOS. Ms. Maya Swaminathan Sinha was appointed as an Additional Director for five years.
The approval of an ESOP, acquisition of a subsidiary, formation of a new subsidiary, and establishment of a research center are significant strategic decisions that are likely to have a substantial impact on the company's future operations, growth, and financial performance.
The announcement details several positive corporate actions including the approval of an ESOP, establishment of a research center, acquisition of a subsidiary, formation of a new subsidiary, and appointment of a new director, all indicating growth and strategic development.
Pace Digitek Limited held a Board Meeting on June 20, 2026, commencing at 04:30 PM IST and concluding at 05:00 PM IST, via video conferencing. The board approved the "Pace Digitek Employee Stock Option Plan, 2026" (PDL ESOP 2026) for eligible employees and subsidiaries, subject to shareholder approval. This plan covers 20,00,000 shares, with an exercise price between face value and fair market value, and a vesting period of not earlier than one year from the grant date, with an exercise period of up to four years.
The company also approved a postal ballot to transact material related party transactions with M/s. Pace Digitek Limited and M/s. Lineage Power Private Limited, M/s. Pace Ecoplanet Solace Private Limited, and M/s. Inso Pace Private Limited. Additionally, the board approved the establishment of a Research Centre in Pune, Maharashtra, focused on clean and renewable energy technologies, aligning with the "Atmanirbhar Bharat" and "Make in India" initiatives. The existing manufacturing facility expansion was also discussed.
Further, Pace Digitek approved the acquisition of the entire equity shareholding of M/s. Inso Pace Private Limited, making it a Wholly Owned Subsidiary (WOS). This acquisition is expected to be completed by December 2026. The company also approved the formation of a new WOS and the re-appointment of M/s. Sundaram & Srinivasan as Internal Auditors for FY 2026-27. Ms. Maya Swaminathan Sinha was appointed as an Additional Director, designated as an Independent Director, for a tenure of five years from June 20, 2026.
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Pace Digitek Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Pace Digitek Limited. Read the original for the full detail.