Pace E-Commerce Ventures Limited’s Board of Directors appointed Aditya Gaurangbhai Patel as an additional non-executive director during its meeting on August 22, 2026. The board also approved a proposal to change the company’s name to Aarien Enterprises Limited.

The appointment was made pursuant to the recommendation of the Nomination and Remuneration Committee. Mr. Patel will discharge his duties in terms of SEBI Regulations and the Companies Act, 2013, as applicable.

Director Appointment

Aditya Gaurangbhai Patel (DIN: 11878623) was appointed as an Additional Director in the non-executive category. His term begins on August 22, 2026, and lasts until the date of the ensuing Annual General Meeting or the last date it should have been held, whichever is earlier.

Patel brings approximately 5.9 years of professional experience in talent acquisition and recruitment. His expertise covers end-to-end recruitment lifecycles across the United Kingdom, Australia, and the United States markets.

Name Change Process

The proposed renaming is subject to regulatory approvals and compliance with Regulation 45 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company must also amend its Memorandum of Association and Articles of Association accordingly.

The name change requires approval from the Central Registration Centre (CRC) under the Ministry of Corporate Affairs and shareholder consent via a special resolution. The company listed Aarien Ventures Limited as its second preference if the primary choice is unavailable.

Pace E-Commerce Ventures has appointed Mohit Paragbhai Bhavnagari as an Additional Director in the Non-Executive category, effective July 30, 2026. The Board of Directors approved the appointment during a meeting held on July 30, 2026, following a recommendation from the Nomination and Remuneration Committee. This addition brings strategic leadership with international experience to the company’s governance structure.

The Board meeting commenced at 03:00 P.M. and concluded at 03:50 P.M. on July 30, 2026, at the company's registered office in Ahmedabad. The company notified BSE Limited in compliance with Regulation 30 read with Schedule III Part A Para A (7B) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bhavnagari will discharge his duties in accordance with the SEBI Regulations and the Companies Act, 2013.

Appointment Details

Bhavnagari’s term as Additional Director will last until the date of the ensuing Annual General Meeting or the last date on which the Annual General Meeting should have been held, whichever is earlier. His appointment terms are governed by the Letter of Appointment proposed to be issued by the company. He holds DIN 10568605.

Profile and Expertise

Mohit Paragbhai Bhavnagari is a seasoned business leader with over a decade of international experience in business strategy, industrial sales, operations, and corporate leadership. He holds a Master's degree in Management and Engineering in Production Systems from RWTH Aachen University, Germany, and the Maastricht School of Management, Netherlands.

He currently serves as Director of Berndorf Band India Private Limited, where he has established and expanded the company's operations in India. His expertise spans corporate strategy, business development, operational excellence, financial management, compliance, and organizational leadership. The company stated that his extensive international experience and strategic capabilities will add significant value to the Board.

Regulatory Disclosures

In accordance with SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, the company disclosed that Bhavnagari does not hold directorships in any other listed entities. There are no disclosed relationships between him and other directors. Furthermore, under BSE Circular LIST/ COMP/ 14/ 201819, it was confirmed that Bhavnagari is not debarred from accessing capital markets or restrained from holding the office of director by any order of SEBI or any other authority.