Key Event Details
The Board of Directors of Pace E-Commerce Ventures Limited, at its meeting held on July 30, 2026, appointed Mr. Mohit Paragbhai Bhavnagari (DIN: 10568605) as an Additional Director in the Non-Executive category. The appointment is effective from July 30, 2026.
Board Meeting Details
The board meeting commenced at 3:00 PM and concluded at 3:50 PM on July 30, 2026. The appointment was made pursuant to the recommendation of the Nomination & Remuneration Committee.
Director Appointment Terms
Mr. Bhavnagari will hold office up to the date of the ensuing Annual General Meeting or the last date on which the Annual General Meeting should have been held, whichever is earlier. His terms and conditions of appointment shall be governed by the Letter of Appointment proposed to be issued by the Company.
Director Profile and Qualifications
Mr. Mohit Paragbhai Bhavnagari is 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 he has successfully established and expanded the company's operations in India. His expertise includes corporate strategy, business development, operational excellence, financial management, compliance, and organizational leadership.
Regulatory Compliance Disclosures
Mr. Bhavnagari 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 authority. There are no disclosed relationships between directors.
Financial Impact
No financial impact quantified in the disclosure.