ACAcevector544962Auditor rotation (end

Board approves Price Waterhouse as statutory auditor, Naresh Verma as secretarial auditor

Board approved Price Waterhouse Chartered Accountants LLP as Statutory Auditors for 5 consecutive years (FY 2026-27 to 2030-31).

By ScoutQuest · Tue 27 Oct 2026, 5:54 PM IST · 2 min read

Statutory Auditor Appointed

Price Waterhouse Chartered Accountants LLP (FRN: 012754N/N500016)

Statutory Auditor Term

5 consecutive years (FY 2026-27 to 2030-31)

Secretarial Auditor

CS Naresh Verma, first term of 5 consecutive years (FY 2026-27 to 2030-31)

What the board decided

At its meeting held on Monday, October 26, 2026, the Board of Directors of AceVector Limited approved three proposals and recommended them to the shareholders.

Change of Statutory Auditors

• The existing Statutory Auditors, S.R. Batliboi & Associates LLP, Chartered Accountants, complete their current term upon the conclusion of the 19th Annual General Meeting, proposed to be held on or before December 31, 2026.
• On the recommendation of the Audit Committee, the Board approved and recommended to the shareholders the appointment of M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants, as the Statutory Auditors for a period of 5 consecutive years (F.Y. 2026-27 till 2030-31), from the conclusion of the 19th AGM till the conclusion of the 24th AGM.
• The firm is a member firm of Price Waterhouse & Affiliates, was established in 1991 and converted into a limited liability partnership in 2014. It has nine (9) branch offices in various cities in India and has more than 110 Assurance Partners as of April 1, 2025.
• The appointment is subject to the approval of the shareholders at the ensuing Annual General Meeting.

Appointment of Secretarial Auditor

• The Board approved and recommended the appointment of CS Naresh Verma, Proprietor of M/s Naresh Verma & Associates, as the Secretarial Auditor of the Company for a first term of five consecutive years, commencing from Financial Year 2026-27 to 2030-31.
• Date of appointment is October 26, 2026, subject to approval of the shareholders at the ensuing Annual General Meeting.
• Profile shared: he is a Fellow Member of the Institute of Company Secretaries of India and an experienced Insolvency Professional, with over 25 years of experience in corporate laws, restructuring and corporate advisory services. He is also a Law Graduate from Delhi University.

Articles of Association

The Board approved and recommended to the shareholders the alteration/modification and ratification of the Articles of Association of the Company. The amendment significantly involves the deletion of Part B of the Articles of Association, pursuant to the listing of the equity shares of the Company on the stock exchanges, and certain additions/deletions in Part A, subject to the approval of the shareholders and receipt of such regulatory/statutory approvals as may be required.

What this means for a retail shareholder

• The proposals are board approvals recommended to shareholders; they take effect on shareholder approval at the ensuing Annual General Meeting.
• The statutory auditor's term is fixed at 5 years, which is the length of the audit mandate being proposed.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev