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.

Pace E-Commerce Ventures Limited saw a reduction in the shareholding of its Managing Director, CFO, and promoter, Shaival Dharmendra Gandhi. The transaction, which took place on September 25, involved the sale of 2,30,400 equity shares in the open market.

Stake Reduction Details

Gandhi's shareholding in the company decreased from 54.83% to 53.81% following the transaction. Prior to the sale, he held 1,23,56,265 shares, which has now been reduced to 1,21,25,865 shares. The disposal represents approximately 1.02% of the company's total share capital.

Transaction Value

The total value of the disposed shares amounted to ₹52,39,296, based on the disclosure provided to the stock exchange.

Company Share Capital

Pace E-Commerce Ventures Limited has a total equity share capital of 2,25,33,510 shares, each with a face value of ₹10.

Regulatory Compliance

The company has duly informed the BSE Limited about this transaction, in compliance with the Securities and Exchange Board of India (SEBI) regulations for substantial acquisition of shares and takeovers. The disclosure was made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Recent Corporate Actions

Pace E-Commerce Ventures Limited recently held its 10th Annual General Meeting (AGM) on September 27 through video conferencing. During this AGM, several resolutions were passed, including the approval for shifting the company's registered office from Maharashtra to Gujarat and alterations to the main object clause of the Memorandum of Association.

This share disposal by a key promoter may be of interest to investors and market analysts monitoring the company's ownership structure and insider transactions. The reasons behind the share sale were not disclosed in the regulatory filing.