Pace E-Commerce Ventures Limited , a company listed on the BSE, has reported a significant change in its promoter shareholding. Shaival Dharmendra Gandhi, the Managing Director and CFO of the company, has reduced his stake through a series of market sales.

Transaction Details

Gandhi disposed of a total of 3,18,000 equity shares through three separate transactions:

Impact on Shareholding

As a result of these transactions, Gandhi's shareholding in Pace E-Commerce Ventures Limited has decreased:

This represents a reduction of 1.41 percentage points in Gandhi's stake in the company.

Regulatory Compliance

The company has disclosed this information in compliance with the Securities and Exchange Board of India (SEBI) insider trading regulations. The disclosure was made under Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Company Information

Pace E-Commerce Ventures Limited is identified by the ISIN code INE0N1L01018 and trades on the BSE under the scrip code 543637. The company's registered office is located in Pune, Maharashtra, while its corporate office is in Ahmedabad, Gujarat.

Investors and market participants are advised to take note of this change in promoter shareholding.

Pace E-Commerce Ventures has reported accelerated growth momentum in the second quarter, with expectations of consolidated gross-merchandise-value (GMV) growth reaching close to 30%. This marks a significant improvement from the mid-twenties growth observed in previous quarters.

Beauty Vertical Performance

The beauty vertical, a core segment for Pace E-Commerce Ventures, is expected to deliver impressive results:

• Net-sales-value (NSV) growth: mid-twenties
• Net-revenue growth: mid-twenties
• Sustained growth: Over 10 consecutive quarters

The House of Pace E-Commerce Ventures brands showed rapid growth, driven by:

• Acquired brands like Dot & Key
• Homegrown brands such as Kay Beauty and Pace E-Commerce Ventures Cosmetics

Fashion Vertical Outlook

Pace E-Commerce Ventures' fashion vertical is also showing strong performance:

• NSV growth: higher mid-twenties
• Net revenue growth: expected to improve to low twenties (up from low to mid-teens in recent quarters)

Factors contributing to fashion vertical growth:

• Strong core platform business performance
• Expanding brand assortment
• Robust customer acquisition

Overall Financial Outlook

The company attributes the strong consolidated net-revenue growth to an early start to the festive season.

Government Reforms and Long-term Outlook

Pace E-Commerce Ventures noted that recent government GST reforms are expected to have a positive impact on consumer spending:

• Increased disposable income
• Potential for long-term growth across consumer categories

This optimistic outlook suggests that Pace E-Commerce Ventures is well-positioned to capitalize on favorable market conditions and consumer trends in the coming quarters.