AceVector Limited announced key changes in its audit functions following a Board of Directors meeting on October 26, 2026. The company will appoint 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 has been appointed as the Secretarial Auditor for the same five-year period. The company also approved alterations to its Articles of Association.
Key Audit Appointments Approved
AceVector Limited has announced significant changes to its auditing and compliance functions after a Board of Directors meeting held on Monday, October 26, 2026. These changes are in line with regulatory requirements and aim to ensure robust financial and corporate governance.
New Statutory Auditors Appointed
The Board of Directors, based on the recommendation of the Audit Committee, has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the Statutory Auditors of the Company. This appointment is for a period of five consecutive years, commencing from the Financial Year 2026-27 and continuing until the conclusion of the 24th Annual General Meeting. This transition marks the end of the current term for the existing auditors, S.R. Batliboi & Associates LLP, upon the conclusion of the 19th AGM, expected by December 31, 2026.
Secretarial Auditor Role
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 also for a term of five consecutive financial years, starting from the Financial Year 2026-2027 up to 2030-31. CS Naresh Verma is a Fellow Member of the Institute of Company Secretaries of India with over 25 years of experience.
Articles of Association Alteration
In addition to the auditor appointments, the Board has approved and recommended to the Shareholders the Alteration/Modification and Ratification of the Articles of Association of the Company. This amendment involves the deletion of Part B of the Articles, with additions/deletions in Part A, to align with the company’s listing of equity shares on stock exchanges.
Further details regarding these appointments and the alteration of the Articles of Association are provided in the enclosed Annexures A, B, and C.
Source: BSE
