Meeting Details

  • Date: Monday, September 21, 2026
  • Time: Commenced at 11:30 AM IST and concluded at 12:45 PM IST (including 30 minutes of e-voting process after the AGM)
  • Location: Held through Video Conferencing/Other Audio Visual Means
  • Deemed Venue: Registered Office at Plot No. V-12, Industrial Estate, Kumbalgodu, Mysore Highway, Bangalore - 560 074
  • Type: Annual General Meeting

Attendees

Directors Present:

  • Mr. Venugopalrao Maddisetty (DIN: 02070491) - Chairman & Managing Director, joined from Registered Office, Bengaluru
  • Mr. Om Prakash Mishra (DIN: 09244477) - Independent Director, joined from Hyderabad
  • Mr. Satishchandra B Ogale (DIN: 07125244) - Independent Director, joined from Pune
  • Mr. Prabhakar Reddy Patil (DIN: 00377406) - Independent Director, joined from Mumbai
  • Ms. Maya Swaminathan Sinha (DIN: 03056226) - Additional Director (Independent), joined from Mumbai
  • Ms. Padma Maddisetty (DIN: 02070662) - Whole Time Director, joined from Registered Office, Bengaluru
  • Mr. Rajiv Maddisetty (DIN: 08495070) - Whole Time Director, joined from Registered Office, Bengaluru

Key Managerial Personnel Present:

  • Mr. Rajavendhan P (DIN: 11904136) - Chief Financial Officer, joined from Registered Office, Bengaluru
  • Ms. Meghana MP - Company Secretary and Compliance Officer, joined from Registered Office, Bengaluru

Invitees Present:

  • Mr. Amit Goel - Partner, M/s. S S Kothari Mehta & Co LLP (Statutory Auditors), joined from Delhi
  • CS Pramod S - Practicing Company Secretary (Secretarial Auditor), joined from Bengaluru
  • CS Shreyas Dwaraki - Practicing Company Secretary (Scrutinizer for E-voting), joined from Bengaluru
  • Mr. Srinivasan K - Partner, M/s. Sundaram & Srinivasan (Internal Auditors), joined from Chennai

Shareholder Participation:

  • 37 Members attended the meeting virtually
  • No proxies were appointed as the requirement was dispensed with for virtual meetings

Quorum and Chairmanship

  • The requisite quorum under Section 103 of the Companies Act, 2013 was present throughout the meeting
  • Mr. Venugopalrao Maddisetty, Chairman & Managing Director, chaired the meeting from the Registered Office

Voting Process and Methods

  • Remote e-Voting period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • E-voting during AGM: Facility available from beginning of meeting until 30 minutes after conclusion
  • Voting method: Electronic voting only (no voting by show of hands)
  • Scrutinizer: CS Shreyas Dwaraki (Membership No. F11953, CP No. 26529) appointed to scrutinize both remote e-voting and e-voting during AGM
  • Service provider: MUFG Intime Private Limited provided e-voting and VC services

Resolutions Considered

Ordinary Business:

1. To receive, consider and adopt the Audited Financial Statements (including consolidated financial statements) for FY 2025-26, together with reports of Board of Directors and Auditors

2. To reappoint Mr. Venugopalrao Maddisetty (DIN:02070491) as Director liable to retire by rotation

3. To ratify remuneration payable to M/s Kamalakara & Co., Cost Accountants (Firm Registration Number: 000296) for FY 2026-27

Special Business:

4. Appointment of Ms. Maya Swaminathan Sinha (DIN: 03056226) as Women Independent Director

5. Approval under Section 185 for providing Loan/Investment/Guarantee for Lineage Power Private Limited

6. Approval under Section 185 for providing Loan/Investment/Guarantee for Pace Renewable Energies Private Limited

7. Approval under Section 185 for providing Loan/Investment/Guarantee for Inso Pace Private Limited

8. Payment of Remuneration by Lineage Power Private Limited to Ms. Lahari Maddisetty for holding office or place of profit

9. Appointment of Mr. Pramod S, Practicing Company Secretary as Secretarial Auditor for 5 years until FY 2030-31

10. Approval for levy of charges for serving documents to Members

Proceedings and Discussions

  • The Company Secretary confirmed that Auditor's Report and Secretarial Audit Report for FY 2025-26 contained no qualifications or adverse observations
  • Chairman delivered speech highlighting key developments, strategy, and future growth for FY 2025-26
  • CFO presented operational and financial performance, key business developments, innovation, and future growth outlook
  • 5 shareholders registered as speakers, with 2 seeking clarifications on company accounts, businesses, and other issues
  • Clarifications were provided by Mr. Rajavendhan P, Chief Financial Officer
  • Shareholders were directed to cs@pacedigitek.com for further queries

Compliance and Reporting

  • The meeting was conducted in accordance with MCA and SEBI circulars and applicable provisions of Companies Act, 2013
  • Proceedings were video recorded and live streamed on RTA's website
  • Statutory registers and relevant documents were made available for inspection during AGM
  • Voting results and Scrutinizer's Report will be submitted to stock exchanges within prescribed timelines
  • Results will be made available on company website
  • Company Secretary authorized to declare voting results and make statutory disclosures