Pace Digitek Limited submitted a regulatory filing to BSE Limited and National Stock Exchange of India Ltd pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing intimates about a Press Release dated July 13, 2026, regarding the company's material subsidiary entering into a Memorandum of Understanding (MOU).
Details of the Agreement
The MoU covers supply of various BESS components including DC Blocks, C&I BESS cabinets, Residential BESS, PCS, EMS and Battery containers. Lineage Power Private Limited will serve as a preferred BESS supply partner to Bondada Renewable Energy Private Limited, supporting future projects through supply of integrated BESS solutions.
Event Context
The MoU was signed during the 12th India Energy Storage Week (IESW) 2026 at IICC, Yashobhoomi, New Delhi. This represents the third strategic MoU signed by LPPL during this event.
Strategic Purpose
The collaboration strengthens LPPL's strategic BESS product supply ecosystem and supports Pace Digitek's product-led growth strategy through partnerships across India's expanding Battery Energy Storage System ecosystem. The MoU provides a framework for future collaboration, with project-specific supply arrangements to be finalized through mutually agreed commercial terms.
Management Commentary
Mr. Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, commented that this reflects growing market acceptance of their integrated BESS solutions and their focus on expanding strategic partnerships to support India's clean energy transition.
Financial Impact
Financial impact not quantified in the disclosure. The MoU represents a framework agreement with specific commercial terms to be determined for future projects.