BSECompany Update5 Aug 2026 · 5 Aug 2026, 06:17 pm
Monitoring Agency report for the quarter ended June 30, 2026
Pace Digitek Ltd · 544550
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Pace Digitek Ltd submitted a Monitoring Agency Report for the quarter ended June 30, 2026, as per Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the utilization of gross proceeds of the IPO.
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Pace Digitek Ltd - 544550 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report
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Pace Digitek Limited
(Formerly Known as Pace Digitek Private Limited
and Pace Digitek Infra Private Limited)
Regd. Office: Plot No. V-12, Industrial Estate,
Kumbalgodu, Mysore Highway, Bangalore - 560 074.
T : +91 80 29547792 / 94 / 95 / 96.
E : info@pacedigitek.com
w : www.pacedigitek.com
CIN-L31909KA2007PLC041949
Ref No: PDL/2026-27/Q02_22
Date: August 05, 2026
BSE Limited National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G
Dalal Street, Fort Bandra Kurla Complex, Bandra (E)
Mumbai – 400001 Mumbai – 400051
Scrip Code – 544550 Symbol – PACEDIGITK
Dear Sir/Madam,
Sub: Monitoring Agency Report for the Quarter ended June 30, 2026 pursuant to Regulation 32
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, read with Regulation 41 of the SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018, we hereby submit the Monitoring Agency Report issued by M/s.
Crisil Ratings Limited, for the Quarter ended June 30, 2026, in respect of utilization of gross
proceeds of the IPO of the Company.
The same has also been uploaded on the Company’s website which may be viewed at
https://www.pacedigitek.com
We hereby request you to take note of the same.
Thanking You,
For PACE DIGITEK LIMITED
[Formerly known as Pace Digitek Private Limited
and Pace Digitek Infra Private Limited]
Meghana M P
Company Secretary and Compliance Officer
Membership No: A42534
Encl.: As above.
Monitoring Agency Report
Pace Digitek Limited
(formerly known as Pace Digitek
Private Limited and Pace Digitek Infra Private Limited)
for the quarter ended
June 30, 2026
CRL/MAR/SHSPGL/2026-27/1958
August 05, 2026
Pace Digitek Limited
Plot #V-12, Industrial Estate,
Kumbalgodu, Bengaluru Mysore Highway, Bengaluru
Karnataka 560074
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Initial Public Offer (“IPO”)
of Pace Digitek Limited Limited (“the Company”)
Pursuant to Regulation 41(2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations”) and Monitoring Agency Agreement dated September 18, 2025, enclosed herewith the
Monitoring Agency Report, issued by Crisil Ratings Limited, Monitoring Agency, as per Schedule XI of the SEBI
ICDR Regulations towards utilization of proceeds of IPO for the quarter ended June 30, 2026.
Request you to kindly take the same on records.
Thanking you,
For and on behalf of Crisil Ratings Limited
Shounak Chakravarty
Director, Ratings (LCG)
Report of the Monitoring Agency (MA)
Name of the issuer: Pace Digitek Limited
For quarter ended: June 30, 2026
Name of the Monitoring Agency: Crisil Ratings Limited
(a) Deviation from the objects: Not applicable
(b) Range of Deviation: Not applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the
issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and
reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/
statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no
responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do
not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this
report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the
agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the
Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains
and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that we do not perceive
any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the
issuer.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable.
There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the
Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer
and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA
takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
Name and designation of the Authorized Signatory: Shounak Chakravarty
Designation of Authorized person/Signing Authority: Director, Ratings (LCG)
1) Issuer Details:
Name of the issuer: Pace Digitek Limited
Names of the promoter: a. Mr. Maddisetty Venugopal Rao
b. Mr. Padma Venugopal Maddisetty
c. Mr. Rajiv Maddisetty
d. Mr. Lahari Maddsietty
e. Mr. Mudduluru Dheeraj Varma
Industry/sector to which it belongs: Telecom - Infrastructure
2) Issue Details
Issue Period: 25th September 2025 to 30th September 2025
Type of issue (public/rights): Initial Public Offer (IPO)
Type of specified securities: Equity Shares
IPO Grading, if any: NA
Issue size: Rs. 8,191.48 million
Issue size comprises of fresh issuance/gross proceeds of Rs
8,191.48 million (Refer Note 1)
Note 1:
Particulars Amount (Rs. million)
Gross proceeds of the Fresh Issue 8,191.48#
Less: Issue Expenses 733.14
Net Proceeds 7,458.34
# Crisil Ratings shall be monitoring the gross proceeds.
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information/ Comments
Comments of
certifications considered of the
Particulars Reply the Monitoring
by Monitoring Agency Board of
Agency
for preparation of report Directors
The utilization
is as per the
Management objects
undertaking, Peer- mentioned in
Whether all utilization is as per the reviewed Independent the prospectus No
disclosures in the Offer Document? Chartered Accountant for funding Comments
Certificate^, Prospectus, capital
Bank Statements expenditure
requirements of
the company
Source of information/ Comments
Comments of
certifications considered of the
Particulars Reply the Monitoring
by Monitoring Agency Board of
Agency
for preparation of report Directors
Whether shareholder approval has
been obtained in case of material No No
deviations from expenditures Comments Comments
disclosed in the Offer Document?
Whether the means of finance for the
No No
disclosed objects of the issue has No
Comments Comments
changed?
Is there any major deviation observed
No No
over the earlier monitoring agency NA
Comments Comments
reports?
Whether all Government/statutory
No No
approvals related to the object(s) have NA
Comments Comments
been obtained? Management
Undertaking &
Whether all arrangements pertaining
Peer-reviewed No No
to technical assistance/collaboration NA
Independent Chartered Comments Comments
are in operation?
Accountant Certificate^
Are there any favorable events
No No
improving the viability of these No
Comments Comments
object(s)?
Are there any unfavorable events No No
affecting the viability of the object(s)? Comments Comments
Is there any other relevant information
No No
that may materially affect the decision No
Comments Comments
making of the investors?
NA represents Not Applicable
^ Certificate dated July 31, 2026 issued by M/s M R K S And Associates, Chartered Accountants (Firm Registration Number:
023711N), Peer-reviewed Independent Chartered Accountant.
4) Details of object(s) to be monitored:
i. Cost of the object(s):
Source of Original Comments of the Board of Directors
information/ cost
Revised Co
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