Pace Digitek Ltd

Pace Digitek's Capital Expenditure Update 📊

• Net IPO proceeds: ₹7,458.34 million after issue expenses

• ₹4,172.72 million allocated for capital expenditure in Pace Renewable Energies subsidiary

• ₹1,149.61 million used for general corporate purposes

• ₹2,156.72 million remains unutilized and invested in fixed deposits

• No deviations from disclosed objects; all utilizations board-approved

• Delay in fund utilization noted due to project timelines and existing IREDA funding