AceVector Limited announced board approvals for significant appointments. The company will transition its statutory auditors from S.R. Batliboi & Associates LLP to Price Waterhouse Chartered Accountants LLP for a five-year term commencing FY 2026-27. Additionally, CS Naresh Verma has been appointed as the Secretarial Auditor for a similar five-year period. The board also approved the alteration of the company’s Articles of Association.
Key Governance Appointments Approved by Board
AceVector Limited’s Board of Directors, at a meeting held on October 26, 2026, has approved several key appointments and changes impacting the company’s corporate governance structure. These decisions are in line with regulatory requirements and aim to ensure continued robust oversight.
Statutory Auditors Transition
In a significant move, the Board recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors of the Company. This appointment is for a term of five consecutive years, commencing from the financial year 2026-27 and extending through FY 2030-31. This transition follows the conclusion of the current term of the existing auditors, S.R. Batliboi & Associates LLP. The appointment is subject to shareholder approval at the upcoming Annual General Meeting, which is proposed to be held on or before December 31, 2026.
Secretarial Auditor Appointed
Further strengthening its compliance framework, the Board has also approved the appointment of CS Naresh Verma, Proprietor of M/s Naresh Verma & Associates, as the Secretarial Auditor. This appointment is for a term of five consecutive financial years, spanning from FY 2026-2027 to 2030-31. CS Naresh Verma brings extensive experience in corporate laws and advisory services.
Alteration of Articles of Association
The Board of Directors also approved and recommended to the Shareholders the Alteration/Modification and Ratification of the Articles of Association of the Company. This amendment primarily involves the deletion of Part B of the Articles, along with certain additions/deletions in Part A, to align with the company’s listing of equity shares on the stock exchanges. These changes are contingent upon shareholder and regulatory approvals.
Further details regarding these appointments and the alteration of the Articles of Association are provided in Annexures A, B, and C, as per the disclosure requirements.
Source: BSE
