AceVector Limited has made a disclosure to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Nature of the Event

The disclosure concerns the reappointment of a director to the company's board.

Key Decision and Dates

Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, via a resolution passed by circulation on October 17, 2026, approved the reappointment of Mr. Kasaragod Ullas Kamath (DIN: 00506681) as an Additional Non-Executive, Independent Director.

The reappointment is for a second term of five years, effective from October 18, 2026. This reappointment is subject to the approval of the members of the Company at the ensuing Annual General Meeting (AGM).

Director Profile and Details

Mr. Kasaragod Ullas Kamath is the current Chairperson of the Board and an Independent Director of AceVector Limited.

Educational Qualifications:

  • Bachelor's degree in law from the University of Mysore, Karnataka.
  • Master's degree in commerce from Kakatiya University, Warangal, Telangana.
  • Master's degree of science in management from the London School of Economics and Political Science.
  • Completed advanced management programs from the Wharton School at the University of Pennsylvania and Harvard Business School.

Professional Qualifications and Affiliations:

  • Certified fellow of the Institute of Chartered Accountants of India (ICAI).
  • Associate member of the Institute of Company Secretaries of India (ICSI).
  • Founder of M/s. UK & Co., Advisors: Family Business, a partnership firm.
  • Served as the chairperson for FICCI Karnataka State Council and currently serves as a mentor for the same council.

Experience:

He has over 28 years of experience and was previously the joint managing director of Jyothy Labs Limited.

Other Directorships:

He is an independent director on the board of the company's listed subsidiary, Unicommerce eSolutions Limited.

Awards:

  • 'CA Business Achiever' award in the SME category for 2008 by ICAI.
  • 'CNBC Awaaz Best CEO' award for 2018 by CNBC.

Relationships and Eligibility

Mr. Kamath is not related to any other director of the Company. He is not debarred from holding the office of Director by virtue of any SEBI order or any other authority.