Board approves change in composition and reconstitution of its committees

Pace E-Commerce Ventures Ltd's Board met on Friday, 09 October 2026 from 05:00 P.M. to 05:35 P.M.

Fri 9 Oct 2026

Board Meeting Date

Friday, 09 October 2026

Effective Date of Revised Committee Composition

29 September 2026

Audit Committee Chairman

Hiral Rasikbhai Vaghasiya

What was approved

• The Board of Pace E-Commerce Ventures Limited met on Friday, 09 October 2026 at the registered office. The meeting commenced at 05:00 P.M. and concluded at 05:35 P.M.
• The Board approved changing the composition and reconstituting the Committees of the Board of Directors.

Who sits on each committee now

• Audit Committee — Hiral Rasikbhai Vaghasiya (Chairman), Mihirkumar Atulbhai Sojitra (Member), Mohit Paragbhai Bhavnagari (Member).
• Nomination & Remuneration Committee — Mihirkumar Atulbhai Sojitra (Chairman), Hiral Rasikbhai Vaghasiya (Member), Aditya Gaurangbhai Patel (Member).
• Stakeholders Relationship Committee — Aditya Gaurangbhai Patel (Chairman), Shaival Dharmendra Gandhi (Member), Mihirkumar Atulbhai Sojitra (Member).

Why the effective date is 29 September 2026

• The company states that, pursuant to the regularization and retirement of Directors approved by the Members at the 11th Annual General Meeting held on 29 September 2026, the composition of the Committees of the Board stood reconstituted with effect from that date.
• It adds that the committee composition reported in the outcome of the Board meeting dated 09 October 2026 is to be read as effective from 29 September 2026, being the effective date of the regularization and retirement, and of the appointment and resignation, of the concerned Directors.

Why committees matter to a small shareholder

• Board committees do the detailed oversight work. The Audit Committee reviews financial reporting and the audit process. The Nomination & Remuneration Committee deals with director appointments and remuneration. The Stakeholders Relationship Committee looks into shareholder grievances and related matters.
• A change in who chairs or sits on these committees changes who is doing that oversight, so the names and the chairs are the useful part of this disclosure.
• This is an outcome of a Board meeting that was not preceded by a prior intimation to the exchange, as indicated by the announcement category.

How a reader can use this

• The composition itself is the substance here: the same three committees have been reconstituted with named chairs and members.
• The other point to note is the effective date. The changes are linked to director changes already approved by shareholders at the 11th Annual General Meeting on 29 September 2026, and the company is aligning the committee record with that date.
• Committee reconstitution is a routine governance step; the disclosure lets investors see which director leads which committee.

At the meeting, the Board also recorded that the disclosure is being made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the referenced SEBI Master Circular, with Annexure A setting out the revised composition.

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