Pace E-Commerce Ventures Plans Registered Office Shift, Expands Business Scope
Pace E-Commerce Ventures Limited has announced significant changes following a board meeting on September 5, 2025. The company plans to relocate its registered office from Maharashtra to Gujarat, subject to approvals. The board approved expanding the business scope to include beverage manufacturing and recycling solutions. The 10th Annual General Meeting is scheduled for September 27, 2025, with book closure dates set from September 20 to 27. Key appointments include reappointment of Mr. Harshal Chandrakant Gala as Non-Executive Director, Mr. Dipesh Anupkumar Mistry as Secretarial Auditor, and M/s Ashish N. Parikh & Co. as Internal Auditor. The board also approved the Director's Report and Secretarial Audit Report for the year ended March 31, 2025.
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Pace E-Commerce Ventures Limited , a growing e-commerce company, has announced significant changes to its corporate structure and business focus following a board meeting held on September 5, 2025. The company's board of directors approved several key decisions that signal a strategic shift in its operations and future direction.
Registered Office Relocation
In a move aimed at enhancing administrative efficiency and streamlining operations, the board has approved the shifting of the company's registered office from Maharashtra to Gujarat. This decision, subject to shareholder and regulatory approvals, reflects the company's growing presence in Gujarat, where the majority of its administrative and manufacturing activities are currently based.
Expansion of Business Scope
The board has also approved alterations to the Main Object Clause of the Memorandum of Association, broadening the company's business scope. The new additions to the company's objectives include:
- Manufacturing and distribution of beverages, including soft drinks, fruit juices, and other consumable products.
- Development of recycling and upcycling solutions for fabrics, textiles, and paper-based products, aligning with sustainable and circular economy principles.
These changes indicate Pace E-Commerce Ventures' intention to diversify its business portfolio and enter new market segments.
Annual General Meeting and Corporate Governance
The company has scheduled its 10th Annual General Meeting (AGM) for September 27, 2025, to be held through video conferencing. Key points related to the AGM include:
- Book closure dates set from September 20 to September 27, 2025.
- Reappointment of Mr. Harshal Chandrakant Gala as a Non-Executive Director, subject to shareholder approval.
- Appointment of Mr. Dipesh Anupkumar Mistry as the Secretarial Auditor for FY 2025-26.
- Appointment of M/s Ashish N. Parikh & Co. as the Internal Auditor.
Financial Reporting and Compliance
The board has approved the Director's Report and Secretarial Audit Report for the year ended March 31, 2025, ensuring compliance with regulatory requirements.
These developments suggest that Pace E-Commerce Ventures is positioning itself for growth and diversification while strengthening its corporate governance practices. The proposed changes, particularly the expansion into beverage manufacturing and recycling solutions, could open new revenue streams for the company in the coming years.
Shareholders will have the opportunity to vote on these significant changes at the upcoming AGM.
Historical Stock Returns for Pace E-Commerce Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.51% | +4.52% | +5.20% | -11.49% | -11.28% | -79.14% |
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