NSEPress Release2d ago · 20 Jul 2026, 11:18 am
Press Release
Pace Digitek Limited · PACEDIGITK
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Pace Digitek Limited has entered into a strategic cooperation agreement with MEGMEET Electrical India Private Limited to support opportunities in AI data center power infrastructure.
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Pace Digitek Limited has informed the Exchange regarding a press release dated July 20, 2026, titled "Press 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_09
Date: July 20, 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 SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith the Press Release dated July 20,
2026, on entering into a strategic cooperation agreement with MEGMEET Electrical India Private
Limited to support opportunities in AI data center power infrastructure while continuing to strengthen
integrated power infrastructure solutions by M/s. Lineage Power Private Limited, a material
subsidiary of the Company.
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’s Subsidiary LPPL and MEGMEET Expands Strategic Cooperation
to Support AI Data Center Power Infrastructure Capabilities in India
Building on five years collaboration in telecom power solutions, the strategic cooperation expands into AI data
center power infrastructure
Bengaluru, India, July 20, 2026 — Pace Digitek Limited (BSE: 544550, NSE: PACEDIGITK), through its subsidiary Lineage
Power Private Limited (LPPL), has entered into a strategic cooperation agreement with MEGMEET Electrical India Private
Limited. Building on a business relationship spanning over five years in telecom power solutions, the strategic
cooperation expands the collaboration to support opportunities in AI data center power infrastructure while continuing
to strengthen integrated power infrastructure solutions.
Under the agreement, MEGMEET will serve as a strategic supplier of AI data center power systems and related products
to LPPL. The collaboration includes technical support, product upgrades, training, and lifecycle after-sales services, with
product supply to be undertaken through mutually agreed purchase orders. The cooperation builds on the companies'
existing telecom power relationship while extending collaboration into AI data center power infrastructure.
The partnership builds on LPPL's established Battery Energy Storage System (BESS) manufacturing and system
integration capabilities by adding AI data center power systems to its portfolio. Together, these capabilities broaden Pace
Digitek's integrated energy infrastructure offering by combining power management, energy storage and system
integration expertise for AI data center applications.
The growth of AI computing, hyperscale data centers and digital infrastructure is driving demand for reliable and energy-
efficient power infrastructure. Pace Digitek is positioned to address these evolving requirements by leveraging its
manufacturing, engineering and execution strengths together with MEGMEET's advanced AI data center power systems.
The collaboration reflects Pace Digitek's strategy to strengthen its technology and product portfolio through a
combination of in-house capabilities and strategic partnerships. It builds on the Company’s existing manufacturing
platform, engineering capabilities, project execution expertise and customer relationships.
Executive Commentary
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, said: “AI data centers
represent a significant growth opportunity within the digital infrastructure ecosystem and our existing BESS
manufacturing & system integration capabilities provide a strong foundation for participating in this evolving
market. Building on our long-standing relationship with MEGMEET in telecom power solutions, this strategic
cooperation extends our collaboration into AI data center power infrastructure. By combining our manufacturing
& system integration capabilities with MEGMEET's AI data center power systems, we aim to strengthen our
technology portfolio and deliver integrated power infrastructure solutions that address evolving customer
requirements.”
Mr. Sam Hong, Sales Executive, MEGMEET Electrical India Private Limited, said: “We are pleased to enter this
strategic cooperation with Pace Digitek and Lineage Power as India's AI and digital infrastructure market continues
to expand. By combining MEGMEET's advanced power electronics and system-level AIDC power supply solutions
with Lineage Power's manufacturing, system integration, and execution capabilities, we aim to support reliable,
efficient, and scalable power infrastructure for next-generation data centers in India.”
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.
About MEGMEET Electrical India Private Limited
MEGMEET Electrical India Private Limited is part of MEGMEET, leading industrial technology group built on power
electronics with global operations committed to providing one-stop solutions covering R&D, manufacturing, sales, and
services of electrical automation hardware and software for leading customers across various industries worldwide.
With global R&D, manufacturing, and operational capabilities across India, Thailand, China, Germany and other
countries and regions, MEGMEET delivers advanced power supply solutions to support the future of AI, industrial, and e-
mobility markets.
For More Information
Pace Digitek Limited: https://www.pacedigitek.com/ | Investor.relations@pacedigitek.com
MEGMEET: https://en.megmeet.com/ | marketing.us@megmeet.com
Media Contact: Poly Yang/ Marketing Specialist
Web: https://en.megmeet.com/
Cautionary Note: This press release may contain forward-looking statements regarding business opportunities, market development, technology
collaboration, and future product supply. Actual results may differ materially due to market, regulatory, technical, commercial, and other factors.
Product supply under the cooperation is subject to mutually agreed purchase orders and customary commercial terms between the parties.