Pace E-Commerce Ventures Limited held its 11th Annual General Meeting on September 29, 2026, adopting the audited standalone financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via video conferencing, also approved the appointment of two non-executive directors and revised borrowing limits.

The proceedings commenced at 3:00 pm and concluded at 3:49 pm. Managing Director Shaival Dharmendra Gandhi welcomed shareholders and confirmed the requisite quorum. Company Secretary Megha Vimal Doshi declared that the notice convening the meeting and the annual report for FY26 were taken as read. Secretarial auditors and the scrutinizer attended virtually.

Key resolutions passed

Shareholders voted on six items of business, comprising two ordinary and four special resolutions. Remote e-voting was available from September 26 to September 28, 2026, through NSDL Securities Depositories Limited. The consolidated scrutinizer's report dated October 1, 2026, confirmed that all resolutions were passed with the requisite majority.

Board changes and governance updates

Mr. Harshal Chandrakant Gala retired by rotation under Section 152(6) of the Companies Act, 2013, having expressed his intention not to seek re-appointment. To strengthen the board, the company sought approval to regularize the appointments of Mr. Mohit Paragbhai Bhavnagari and Mr. Aditya Gaurangbhai Patel as Non-Executive Directors. Both were previously appointed as Additional Directors.

The meeting also addressed structural changes, including an alteration to the main object clause of the Memorandum of Association. Additionally, shareholders granted approval for the company's overall borrowing limits in accordance with Section 180(1)(c) of the Companies Act, 2013.

Voting details and compliance

Practicing Company Secretary Dipesh Anupkumar Mistry served as the scrutinizer for the electronic voting process. Members who did not cast votes remotely had the option to vote via an electronic system during the meeting. The detailed voting results, formatted per clause 44(3) of SEBI LODR Regulations, have been submitted to the stock exchanges.

Voting data indicates high participation from the promoter group, which held 11,473,065 shares and voted in favor of all resolutions. Public non-institutional shareholders held 11,060,445 shares, with a small fraction participating in the vote. For the special resolutions regarding director regularization and borrowing limits, the public non-institutional segment recorded 1,200 votes against, while the promoter group voted unanimously in favor.

Pace E-Commerce Ventures has scheduled a board meeting for September 5, 2026, to consider its annual report and appoint new directors.

The meeting will be held at the company's registered office in Ahmedabad, Gujarat. Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors will address several key governance and compliance matters.

Agenda Highlights

The primary items for consideration include:

• Approval of the Director's Report and Secretarial Audit Report for the year ended March 31, 2026.
• Regularization of Mr. Mohit Paragbhai Bhavnagari and Mr. Aditya Gaurangbhai Patel as Non-Executive Directors.
• Note of the retirement of Mr. Harshal Chandrakant Gala by rotation, who has expressed his intention not to seek re-appointment.
• Alteration of the Main Object Clause of the Memorandum of Association.

Auditor and Meeting Logistics

The board will also appoint Dipesh Anupkumar Mistry, a Practicing Company Secretary, as the Scrutinizer for the 11th Annual General Meeting (AGM). Additionally, M/S Ashish N. Parikh & Co. will be appointed as the Internal Auditor for FY27.

Mr. Mistry is also slated to be appointed as the Secretarial Auditor for FY27. The board will fix the book closure date and approve the draft notice for the 11th AGM, including its date, time, and venue.