BSECompany Update1d ago · 21 Jul 2026, 11:53 am
Intimation of press release
Pace Digitek Ltd · 544550
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Pace Digitek Limited's subsidiary, Lineage Power Private Limited, has established a dedicated Research & Development (R&D) Center in Pune to strengthen its research, engineering, and technology capabilities in advanced battery technologies.
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Pace Digitek Ltd - 544550 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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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_10
Date: July 21, 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: Intimation of Press Release pursuant to Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015.
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith a Press Release dated July 21, 2026,
regarding Lineage Power Private Limited ("LPPL"), a material subsidiary which has established a
dedicated Research & Development (R&D) Centre in Pune to strengthen its research, engineering, and
technology capabilities in advanced battery technologies including Advanced Chemistry Cells (ACC)
and energy storage solutions. As part of this initiative, Lineage Power has entered into a research
collaboration with the Indian Institute of Science Education and Research (IISER), Pune, to undertake
research on advanced battery technologies and battery materials.
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
Add: Plot No. V-12, Industrial Estate, Kumbalgodu,
Mysore Highway, Bangalore - 560 074.
Encl.: As above.
Press Release
Pace Digitek Establishes Dedicated R&D Center and Collaborates with IISER Pune to
Advance Indigenous Energy Storage Research
Research facility to strengthen advanced battery technologies and support next-generation energy storage
solutions
Bengaluru, 21 July 2026: Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK) announced that its subsidiary, Lineage
Power Private Limited (LPPL), has established the Pace-Lineage Research Center in Pune, a dedicated Research &
Development (R&D) Center to strengthen its research, engineering and product development capabilities in advanced
battery technologies, including Advanced Chemistry Cells (ACC) and energy storage solutions. Aligned with the vision of
Atmanirbhar Bharat and Make in India, the Center aims to contribute to the development of indigenous technologies and
strengthen domestic capabilities in energy storage. As part of this initiative, Lineage Power has entered into a research
collaboration with the Indian Institute of Science Education and Research (IISER), Pune to undertake research on
advanced battery technologies and battery materials.
The research programme at the Pace-Lineage Research Center will focus on Advanced Chemistry Cells (ACC), including
Lithium-ion (Li-ion) and Sodium-ion (Na-ion) battery materials to improve battery capacity and cycling stability. The research
will include optimization of material coatings, tuning of material microstructure and porosity, design of new electrolytes,
detailed material characterization, electrochemical evaluation, and optimization of cell parameters. The Center will also
evaluate and validate raw materials from domestic suppliers to support indigenous technology development and
strengthen the local supply chain.
The establishment of R&D facility reflects Pace Digitek's long-term strategy to expand its research and engineering
capabilities in Advanced Chemistry Cells (ACC) technologies and advanced battery systems. By investing in scientific
research, the Company aims to accelerate technology development, build in-house expertise and support innovation across
the energy storage value chain.
India's energy storage market is expected to witness significant growth, driven by increasing renewable energy integration,
grid modernization and the growing need for reliable energy storage solutions. Against this backdrop, the R&D Center
complements Pace Digitek's manufacturing, engineering, and project execution capabilities by supporting research in
advanced battery materials and technologies.
Commenting on the development, Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek
Limited, said: "Technology and innovation will play a defining role in the future of energy storage. The establishment of our
dedicated R&D Center marks an important step in strengthening our research and engineering capabilities. Our collaboration
with IISER Pune brings together scientific research and industry expertise to advance battery materials and support
indigenous technology development. We believe this initiative will strengthen our innovation capabilities and create long-
term value for our stakeholders."
About PACE Digitek Limited
Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK) is an integrated infrastructure and energy solutions company in
India, operating across two business segments: Energy and Telecom & ICT. The Company operates across the value chain,
spanning manufacturing, engineering, procurement and construction (EPC), and operations and maintenance (O&M),
enabling both project execution and product supply.
In the energy segment, the Company undertakes Battery Energy Storage System (BESS) design, manufacturing, product
supply, integration, and deployment. Through its subsidiary, Lineage Power Private Limited, the Company manufactures
and supplies BESS, telecom power systems, and related energy infrastructure products, supporting both integrated project
execution and standalone product supply.
In the telecom segment, the Company undertakes manufacturing of telecom power systems and provides EPC services and
O&M for telecom infrastructure and network deployments across multiple circles in India.
For more information, please visit / contact us:
https://www.pacedigitek.com/ | Investor.relations@pacedigitek.com