AGM Key Details
- Date and Time: Monday, September 21, 2026 at 11:30 AM IST
- Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Venue: Registered Office (deemed venue) - Plot No. V-12, Industrial Estate, Kumbalgodu, Mysore Highway, Bangalore - 560 074
- Live Webcast Link: https://www.pacedigitek.com/investor-relations/stockexchange-compliance
- Cut-Off Date: September 14, 2026
- E-Voting Period: September 18, 2026 (09:00 AM IST) to September 20, 2026 (05:00 PM IST)
- E-Voting Platform: https://instavote.in.mpms.mufg.com/
- Scrutinizer: CS Shreyas Dwaraki, Company Secretary in Practice (Membership No. F11953, C.P. No. 26529)
- RTA: MUFG Intime India Private Limited
Business to be Transacted
Ordinary Business
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the Financial Year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon.
2. Re-appointment of Director: To appoint Mr. Venugopalrao Maddisetty (DIN:02070491), Chairman and Managing Director, who retires by rotation and being eligible, offers himself for re-appointment as a Director liable to retire by rotation.
- Age: 60 years
- First appointment: March 1, 2007
- Shareholding: 50,033,310 equity shares of ₹2.00 each
- Qualifications: Bachelor's degree in Engineering, MBA from Newport University, California, Doctor of Letters from University of South America
- Experience: 21 years in telecommunications and energy industry
Special Business
3. Ratification of Cost Auditor Remuneration: To ratify remuneration payable to M/s Kamalakara & Co., Cost Accountants, Bangalore (Firm Registration Number: 000296) for FY 2026-27.
- Amount: ₹2,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses
- Appointment approved by Board on April 22, 2026
4. Appointment of Independent Director: To appoint Ms. Maya Swaminathan Sinha (DIN: 03056226) as Women Independent Director.
- Appointment period: June 20, 2026 to June 19, 2031 (5 years)
- Sitting fees: ₹1,00,000 per meeting
- Qualifications: Bachelor's degree in Economics and Mathematics, Master's degree in Economics from Delhi School of Economics
- Experience: Retired Indian Revenue Service (IRS) officer with 28 years of experience
- Current directorships: Ceinsys Tech Limited, Swan Defence and Heavy Industries Limited, Vishnusurya Projects and Infra Limited
- Previous directorships: Transword Shipping Lines Limited (ceased 31.03.2024), Shriram Finance Limited (ceased 04.12.2024)
5. Loan/Guarantee Approval - Lineage Power Private Limited: To grant approval under Section 185 of Companies Act, 2013 for providing loan/guarantee/security.
- Entity: Lineage Power Private Limited (Material Subsidiary with common Promoters and Directors)
- Maximum amount: ₹200 Crores
- Purpose: Principal business activities
6. Loan/Guarantee Approval - Pace Renewable Energies Private Limited: To grant approval under Section 185 of Companies Act, 2013 for providing loan/guarantee/security.
- Entity: Pace Renewable Energies Private Limited (Wholly Owned Subsidiary with common Directors)
- Maximum amount: ₹200 Crores
- Purpose: Principal business activities
7. Loan/Guarantee Approval - Inso Pace Private Limited: To grant approval under Section 185 of Companies Act, 2013 for providing loan/guarantee/security.
- Entity: Inso Pace Private Limited (Subsidiary with common Promoters and Directors)
- Maximum amount: ₹200 Crores
- Purpose: Principal business activities
8. Related Party Transaction Approval: Payment of remuneration by Lineage Power Private Limited to Ms. Lahari Maddisetty for holding office of profit.
- Appointee: Ms. Lahari Maddisetty (daughter of Chairman & Managing Director and Whole-Time Director)
- Position: Executive Director
- Effective date: May 25, 2026
- Annual remuneration: ₹50,00,000 (includes performance incentives, bonus, commission, employee benefits, perquisites)
9. Appointment of Secretarial Auditor: To appoint Mr. Pramod S, Practicing Company Secretary (COP No. 13335) as Secretarial Auditor for 5 years till FY 2030-31.
- Remuneration: ₹3,25,000 plus applicable taxes and out-of-pocket expenses
- Term: Financial Year 2026-27 to 2030-31
10. Levy of Charges for Document Service: Approval for charging members actual expenses for serving documents through particular modes as requested.
Board of Directors
- Mr. Venugopalrao Maddisetty - Chairman & Managing Director
- Ms. Padma Venugopal Maddisetty - Whole-Time Director
- Mr. Rajiv Maddisetty - Whole-Time Director
- Mr. Satishchandra B Ogale - Independent Director
- Mr. Om Prakash Mishra - Independent Director
- Mr. Prabhakar Reddy Patil - Independent Director
Key Management Personnel
- Mr. Rajavendhan P - Chief Financial Officer
- Ms. Meghana M P - Company Secretary and Compliance Officer (Membership No: A42534)
Auditors
- Statutory Auditors: M/s. S S Kothari Mehta & Co. LLP, Chartered Accountants
- Secretarial Auditor: Pramod S, Practicing Company Secretary
- Cost Auditors: M/s Kamalakara & Co., Cost Accountants, Bangalore
Bankers
Canara Bank, ICICI Bank, HDFC Bank, CSB
Manufacturing Facilities
- Unit I: Plot No. 27A, 1st Phase, Industrial Estate Mysore Road, Kumbalgodu, Bengaluru
- Unit II: Plot No. 30 A-1, 1st Phase, Industrial Estate, Mysore Road, Kumbalgodu, Bengaluru
- Unit III: 73-P, Bidadi Industrial Area, 2nd Phase, Sector-2, Bidadi, Karnataka
Voting Instructions
The notice provides detailed instructions for:
- Remote e-voting through NSDL and CDSL platforms for demat holders
- InstaMeet VC facility for attending the AGM
- Physical shareholders and non-individual shareholders to vote through InstaVote platform
- Helpdesk contacts for technical support
Documents Available for Inspection
- Register of Directors and Key Managerial Personnel and their shareholding
- Register of Contracts or Arrangements in which Directors are interested
- All documents referred to in the notice available electronically upon request