Board to meet on October 12 to consider proposal to raise funds via NCDs on private placement basis

Pace Digitek has informed the exchanges that its Board of Directors will meet on Monday, October 12, 2026.

Wed 7 Oct 2026

Board Meeting Date

Monday, October 12, 2026

Agenda Item

raising of funds by way of issue of Non-Convertible Debentures (NCDs) on a private placement basis

What the company has told the exchanges

Pace Digitek Limited has informed BSE and NSE that a meeting of its Board of Directors is scheduled to be held on Monday, October 12, 2026.

The agenda, as stated, has two parts

• A proposal for raising of funds by way of issue of Non-Convertible Debentures (NCDs), on a private placement basis, subject to such terms and conditions as may be approved by the Board and applicable regulatory/statutory approvals.
• To consider and approve any other matter incidental and ancillary to the above.

What an NCD is, in simple words

An NCD, or Non-Convertible Debenture, is a debt instrument. In effect, the company borrows money and in return pays interest to the lender and repays the principal at maturity. It is called non-convertible because it does not convert into equity shares.

A private placement basis means the NCDs would be offered to a select set of investors rather than to the general public.

What this announcement is

This is a prior intimation of the Board meeting. The proposal is a matter to be considered and approved at the meeting on October 12, 2026, along with its terms and conditions, and is subject to applicable regulatory and statutory approvals.

What a reader may want to track

• The outcome of the Board meeting and the terms of the NCD issue, once approved.
• Any further disclosures the company makes in connection with the proposed fund raising.

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