Post by Gajanan Joshi

Pace Digitek's subsidiary, Lineage Power, has signed a landmark 3 GWh battery cell supply agreement with Rongjie Energy Tech. This strategic partnership ensures a long-term raw material pipeline for the company's expanding Battery Energy Storage Systems (BESS) manufacturing operations. Material Transactions & Postal Ballot Pace Digitek initiated a postal ballot process. It seeks shareholder approval for related party transactions worth ₹5,595 crore for FY 2026-27. The proposed limits allocate ₹3,650 crore to Lineage Power, ₹1,035 crore to Pace Ecoplanet Solace, and ₹910 crore to Inso Pace. Shareholders will also vote on the PDL ESOP 2026 plan to issue 20,00,000 stock options..... E-voting runs from June 23, 2026, to July 22, 2026, with results declared by July 24, 2026. Strong Financial Growth & Order Book The stock jumped recently following strong Q4 FY26 earnings results. The company boasts a massive order book crossing ₹11,338 crore, driven primarily by energy infrastructure projects. Key project wins include a ₹710 crore BESS contract from NLC India Renewables and a ₹270 crore BSNL BharatNet contract for the Sikkim Telecom Circle. Mutual Funds have actively raised their stake in the company to 4.12%