AceVector Limited has announced key corporate governance updates following a Board of Directors meeting on October 26, 2026. The company approved the appointment of Price Waterhouse Chartered Accountants LLP as its new statutory auditors for a five-year term, succeeding S.R. Batliboi & Associates LLP. Additionally, CS Naresh Verma was appointed as the secretarial auditor for five years, and the Board ratified alterations to the company’s Articles of Association, including the deletion of Part B.
Key Board Decisions on Auditing and Governance
AceVector Limited’s Board of Directors, in a meeting held on Monday, October 26, 2026, has made several significant decisions impacting the company’s auditing and governance structure. These decisions, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, aim to ensure robust corporate practices.
New Statutory Auditors Appointed
The Board has approved and recommended to shareholders the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the company’s Statutory Auditors. This appointment is for a term of five consecutive financial years, commencing from the conclusion of the 19th Annual General Meeting (AGM) until the conclusion of the 24th AGM. This appointment will be in place of the existing auditors, S.R. Batliboi & Associates LLP, whose current term will conclude upon the 19th AGM, expected on or before December 31, 2026. The appointment is subject to shareholder approval at the upcoming AGM.
Secretarial Auditor Reappointed
Furthermore, the Board has approved and recommended the appointment of CS Naresh Verma, Proprietor of M/s Naresh Verma & Associates, as the Secretarial Auditor of the Company. This appointment is for a term of five consecutive financial years, from the Financial Year 2026-2027 to 2030-31. CS Naresh Verma is a Fellow Member of the Institute of Company Secretaries of India with over 25 years of experience.
Alteration of Articles of Association
In a move to align with its recent listing and evolving corporate structure, the Board has also approved and recommended the Alteration/Modification and Ratification of the Articles of Association (AoA) of the Company. The amendments primarily involve the deletion of Part B of the Articles, related to the company’s listing on stock exchanges, and certain additions/deletions within Part A. These changes are subject to shareholder approval and necessary regulatory clearances.
Source: BSE
