ACE ALPHA TECH LIMITED

Key Decisions Approved by Board

The Board of Directors meeting commenced at 4:30 PM and concluded at 5:30 PM on August 27, 2026. The following items were approved:

1. Appointment of Statutory Auditors

  • Approved appointment of M/s S. Agarwal & Company, Chartered Accountants (Firm Registration No: 000808N) as Statutory Auditors
  • Term: 5 consecutive years from conclusion of ensuing 14th Annual General Meeting until conclusion of 19th Annual General Meeting
  • Appointment is subject to approval of shareholders at the ensuing AGM
  • Reason for change: The second term of office of existing Statutory Auditors M/s Lalit Agarwal & Co, Chartered Accountants (Firm Registration No.: 008995N) will expire upon conclusion of the 14th AGM
  • Auditor profile: M/s S. Agarwal & Company is a partnership firm established in 1971 with over 54 years of experience in audit, taxation, and corporate advisory services. The firm has expertise in Statutory, Internal and Concurrent Audits, including assignments for banks and financial institutions, GST, DVAT, Company Law advisory, IT-assisted audits, and due diligence.

2. Alteration in Articles of Association

  • Approved alteration to Articles of Association subject to shareholder approval
  • Specific change: Insertion of new Article 71A after existing Article 71
  • New Article 71A text: "The inspection of the registers, indices, books of accounts and other records maintained by the Company under the Act and the rules made thereunder and the furnishing of copies thereof shall be subject to the payment of fees not exceeding the maximum amount prescribed under the Act and rules made thereunder or such fees as may be prescribed by the Board of Directors in compliance with the provisions of Section 17, 85, 94 and such other provisions of the Companies Act, 2013 and Rules made thereunder as may be applicable from time to time. Further, no fee shall be charged for inspection or for taking extracts where the Act or the rules made thereunder provide for such inspection or taking of extracts without payment of fee."
  • Purpose: To levy fees (within statutory limits) for inspection of company records and furnishing copies, while ensuring no fee is charged where applicable law requires free access

3. Annual General Meeting Notice

  • Approved notice convening the 14th Annual General Meeting (AGM)
  • Date: Thursday, September 24, 2026
  • Time: 4:30 PM
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

Financial Impact

Financial impact not quantified in the disclosure. The alteration to Articles of Association may generate minor revenue from fees charged for record inspections and copies, subject to statutory limits.

Governance Impact

Change in statutory auditors after completion of previous auditor's term. New auditor appointment for standard 5-year term subject to shareholder approval. Modification to corporate governance framework regarding access to company records.