Pace Digitek Incorporates Wholly Owned Subsidiary 'Lineage Defence and Aerospace'
Pace Digitek Limited has announced the incorporation of its wholly owned subsidiary, "Lineage Defence and Aerospace Private Limited", on December 23, 2025. The new entity, with CIN U25121KA2025PTC2130...
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Why is Pace Digitek Limited in the news today?
Pace Digitek Limited (PACEDIGITK) is in the news due to the incorporation of a new subsidiary in the defence and aerospace sector is a positive development, indicating expansion and strategic diversification for the company.
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Pace Digitek Incorporates Wholly Owned Subsidiary 'Lineage Defence and Aerospace'
December 23, 2025, 01:44 PM
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Pace Digitek Limited has announced the incorporation of its wholly owned subsidiary, "Lineage Defence and Aerospace Private Limited", on December 23, 2025. The new entity, with CIN U25121KA2025PTC213001, will operate in the defence, aerospace, cybersecurity, and strategic infrastructure solutions sectors.
The primary objective for establishing Lineage Defence and Aerospace Private Limited is the manufacture of Electromagnetic Interference (EMI) and Electromagnetic Compatibility (EMC) equipment for the Defence Sector. The subsidiary's authorized capital is ₹10,00,000, divided into 1,00,000 equity shares of ₹10 each, with a subscribed capital of ₹1,00,000, comprising 10,000 equity shares of ₹10 each. The incorporation was completed on December 23, 2025, through a cash consideration.
The incorporation of this subsidiary constitutes a related party transaction. The company has provided detailed disclosures as required by Regulation 30 of the SEBI Listing Regulations, outlining the objects and effects of the new entity. These objects include designing, developing, manufacturing, and supplying various defence and aerospace products, systems, and cybersecurity solutions, as well as undertaking research and development in related emerging technologies.
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