Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Dircetors of the Company in there meeting ....
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The Board of Directors of Pace E-Commerce Ventures Ltd, at its meeting on September 5, 2025, approved an alteration to the Main Object Clause of the company's Memorandum of Association. The change adds two new sub-clauses: one allowing the company to manufacture, process, and sell all kinds of beverages including soft drinks, juices, tea, coffee, and drinking products; and another to set up recycling, reprocessing, and upcycling operations for fabrics, textiles, and paper-based products. The company stated the existing object clause did not cover these new activities aligned with its future expansion and diversification plans. The alteration is subject to approval from shareholders at the upcoming Annual General Meeting.
This signals a planned diversification beyond the company's current e-commerce/sports focus into beverages and sustainable recycling — potentially opening new revenue streams. However, it is only a board-level approval at this stage and still needs shareholder nod; the market reaction may be muted until concrete business plans or capital allocation details emerge.