Regularisation of Mohit Paragbhai Bhavnagari as Director (Non-Executive Category)

Pace E-Commerce Ventures Ltd: at the 11th AGM held on 29th September, 2026, Members approved the regularisation of Mr. Mohit Paragbhai Bhavnagari (DIN: 10568605) as Director (Non-Executive Category), effective 29th September, 2026.

Thu 1 Oct 2026

Appointee

Mr. Mohit Paragbhai Bhavnagari

DIN

10568605

Role Approved

Director (Non-Executive Category)

Effective Date

29th September, 2026

Approving Body

11th AGM held on 29th September, 2026

What the update says

• At the 11th Annual General Meeting held on Tuesday, 29th September, 2026, the Members of the Company approved the regularisation of Mr. Mohit Paragbhai Bhavnagari (DIN: 10568605), who was appointed as Additional Director (Non-Executive Category), by appointing him as a Director (Non-Executive Category) of the Company.
• The appointment as Director (Non-Executive Category) is with effect from 29th September, 2026, pursuant to the approval of the Members at the 11th Annual General Meeting.
• In simple terms, an additional director holds office only until the next general meeting of shareholders. Regularisation is the step where shareholders approve that person as a regular director. That approval has now been given.
• The terms and conditions of his appointment shall be governed by the Letter of Appointment proposed to be issued by the Company.
• The voting results of the Annual General Meeting have been submitted to the Stock Exchange separately.

Profile of the appointee

• Mr. Mohit Paragbhai Bhavnagari is described as a seasoned business leader with over a decade of international experience in business strategy, industrial sales, operations and corporate leadership.
• He holds a Master's degree in Management and Engineering in Production Systems from RWTH Aachen University, Germany and the Maastricht School of Management, Netherlands.
• He is currently serving as Director of Berndorf Band India Private Limited, where the update states he has successfully established and expanded the Company's operations in India.
• His expertise is stated to include corporate strategy, business development, operational excellence, financial management, compliance and organizational leadership.
• The update states his international experience and strategic leadership capabilities will add significant value to the Board of the Company.

Other disclosures in Annexure I

• Name of the listed entity in which the Director holds directorship: Nil.
• Disclosure of relationships between directors: None.
• He is not debarred from accessing capital markets and/or restrained from holding the office of director by virtue of any order of SEBI or any other such authority.

How to read this

• This is a change-in-management intimation. The role is in the Non-Executive Category, so this is a Board-level appointment and not the appointment of a whole-time executive.
• The action reported is the regularisation of an existing additional directorship, and the appointment takes effect from the same date as the shareholders' approval.
• The update records the outcome of the shareholder vote and the background of the appointee.

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