Independent Director Karasagod Ullas Kamath re-appointed for a second term of five years
AceVector Ltd's Board approved the re-appointment of Mr. Karasagod Ullas Kamath as Additional Non-Executive, Independent Director for a second term of five years from October 18, 2026.
By ScoutQuest · · 2 min read
- Re-appointment Role
- Additional Non-Executive, Independent Director
- Term
- second term of five years from October 18, 2026
- Condition
- Subject to members' approval at the ensuing AGM
What the company told the exchanges
AceVector Ltd's Board, on the recommendation of the Nomination and Remuneration Committee, approved the re-appointment of Mr. Karasagod Ullas Kamath as an Additional Non-Executive, Independent Director for a second term of Five years, effective October 18, 2026. The resolution was passed by circulation on October 17, 2026.
Who he is
- Chairman of the Board and an Independent Director of the company
- Bachelor's degree in law from the University of Mysore, Karnataka, and a master's degree in commerce from the Kakatiya University, Warangal, Telangana
- Master's degree in science in management from the London School of Economics and Political Science, and advanced management programmes from the Wharton School of the University of Pennsylvania and Harvard Business School
- Over 28 years of experience
- Certified fellow of the Institute of Chartered Accountants of India and associate member of the Institute of Company Secretaries of India
- Independent director on the board of the listed subsidiary Unicommerce eSolutions Limited
- Founder of M/s. UK & Co., Advisors: Family Business, a partnership firm
- Served as chairman of the FICCI Karnataka State Council and currently a mentor for the FICCI Karnataka State Council
- Received the 'CA Business Achiever' award in the SME category for the year 2008 from the Institute of Chartered Accountants of India, and the 'CNBC Awaaz Best CEO' award for the year 2018
- Previously joint managing director of Jyothy Labs Limited
What happens next
The re-appointment is subject to approval of the members of the Company at the ensuing Annual General Meeting. Until then, the update records the Board's decision on the second term.
Other disclosures in the update
- Mr. Karasagod Ullas Kamath is not related to any director of the Company
- He is not debarred from holding the office of Director by virtue of any SEBI order or any such authority
What it means for a retail investor
This is a board-level governance update about who sits on the company's board, not an earnings or business announcement. A second five-year term for an existing independent director keeps continuity on the board and its committees. The decision is not final until shareholders vote at the Annual General Meeting, so the resolution at that meeting is the point to watch.
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More numbers
- Second term of re-appointmentFive years
- Experience of the re-appointed director28 years
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