Ace Integrated Solutions Limited's board has recommended the re-appointment of Chandra Shekhar Verma as Chairman & Managing Director and Kumar Vishwajeet Singh as Non-Executive Independent Director for five-year terms, subject to shareholder approval. The board met on June 25, 2026, to consider the proposals, which are aimed at ensuring continuity in leadership and leveraging the experience of both individuals for the company's growth.

The re-appointment of Mr. Verma is based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee. His term is proposed to commence on June 30, 2026, and conclude on June 29, 2031. He is liable to retire by rotation. Mr. Verma is the Promoter & Managing Director of the company. He is a fellow member of The Institute of Chartered Accountants of India and holds a B. Com degree from the University of Gorakhpur. The board cited his vast experience and contribution to the company's growth as reasons for his re-appointment. Additionally, the disclosure noted he is the husband of Mrs. Amita Verma, Whole-Time Director, and father of Ms. Shivani Chandra, Executive Director.

The board also recommended the re-appointment of Mr. Singh as a Non-Executive Independent Director for a second term of five years. This term is set to run from August 30, 2026, to August 29, 2031. The recommendation follows the advice of the Nomination and Remuneration Committee. Mr. Singh holds a Postgraduate degree in Computer Science, a management specialization from IIM Kozhikode, and a Doctorate in Management. He brings over 25 years of experience in technology and business leadership across international markets. The disclosure confirmed he is not related to any other directors of the company.

Both directors are not debarred from holding the office of Director by any SEBI order or other authority. The re-appointments are disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFDPD2/I/3762/2026 dated January 30, 2026.

Details of Re-appointments

Ace Integrated Solutions has clarified that the standalone and consolidated financial results for the quarter and year ended March 31, 2025 are identical. The company stated that this occurred because its only wholly-owned subsidiary did not have enough transactions during the period. Consequently, the same figures were submitted under both financial result categories in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The clarification was submitted to the National Stock Exchange of India Limited (NSE) in response to exchange remarks dated July 01, 2025. The NSE had sought an explanation regarding the format of the submitted financial results. Ace Integrated Solutions confirmed that the submission was accurate given the operational inactivity of the subsidiary during the quarter.

The company's registered office is located in New Delhi, and the communication was signed by Company Secretary Ankita Sharma on July 08, 2025. The filing confirmed that there were no material differences between the standalone and consolidated financial statements for the specified period.