Pace E-Commerce Ventures Limited has issued notice for its 11th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026 at 03:00 P.M. IST through Video Conferencing/Other Audio Visual Means (OAVM). The meeting will address both ordinary and special business items.
Ordinary Business:
1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors thereon.
2. Director Retirement: To take note of the retirement of Mr. Harshal Chandrakant Gala (DIN: 09539871), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and has expressed his intention not to seek re-appointment. The resolution proposes not to fill the resulting vacancy.
Special Business:
3. Director Appointment - Mr. Mohit Paragbhai Bhavnagari: To consider and approve regularization of Additional Director, Mr. Mohit Paragbhai Bhavnagari (DIN: 10568605) by appointing him as Director of the Company (Non-Executive Category). He was appointed as Additional Director with effect from July 30, 2026, and holds a Master's degree in Management and Engineering in Production Systems from RWTH Aachen University, Germany and Maastricht School of Management, Netherlands. He has over a decade of international experience in business strategy, industrial sales, operations and corporate leadership, and currently serves as Director of Berndorf Band India Private Limited. He holds no shares in the company and will receive no remuneration.
4. Director Appointment - Mr. Aditya Gaurangbhai Patel: To consider and approve regularization of Additional Director, Mr. Aditya Gaurangbhai Patel (DIN: 11878623) by appointing him as Director of the Company (Non-Executive Category). He was appointed as Additional Director with effect from August 22, 2026, and is a Bachelor of Commerce graduate from Lokmanya College, Gujarat University. He has approximately 5.9 years of professional experience in Talent Acquisition and Recruitment with exposure to hiring across UK, Australia and US markets. He holds no shares in the company and will receive no remuneration.
5. Alteration of Memorandum of Association: To insert sub-clause 11 after sub-clause 10 of Clause 3(A) of the MOA to enable the company to carry on business of manufacturing, processing, producing, preparing, preserving, packing, bottling, chilling, freezing, storing, transporting, distributing, importing, exporting, buying, selling, supplying, marketing and otherwise dealing in all kinds of milk and dairy products. This requires a special resolution.
6. Borrowing Limits Approval: To approve overall borrowing limits of up to ₹200 Crores (Indian Rupees Two Hundred Crores Only) over and above the aggregate of the paid-up share capital, free reserves and securities premium account of the Company. This supersedes the previous resolution passed on August 19, 2022, and requires a special resolution under Section 180(1)(c) of the Companies Act, 2013.
Meeting Logistics:
The AGM will be conducted virtually in compliance with MCA Circular No. 03/2025 dated September 22, 2025. The remote e-voting period begins on September 26, 2026 at 09:00 A.M. and ends on September 28, 2026 at 05:00 P.M. through NSDL. The cut-off date for determining voting rights is September 22, 2026.
Members can join the meeting 15 minutes before commencement, with facility available for 1000 members on first-come-first-served basis (excluding large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, and auditors).
The scrutinizer will prepare a consolidated report within 48 hours of conclusion of the AGM, and results will be placed on the company's website (https://pacevltd.com/) and NSDL website (https://www.evoting.nsdl.com).