The Board of Directors of the Company at their meeting held today, Friday 05th September, 2025 have accorded their consent for Shifting the Registered office of the Company from the "State ....
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On 5 September 2025, the Board of Directors of Pace E-Commerce Ventures Ltd approved shifting the company's registered office from Pune, Maharashtra to Ahmedabad, Gujarat. The new address will be 423, Block-C, 1/1, Sumel-11, Indian Textile Plaza, Shahibaug, Ahmedabad, Gujarat - 380004, which is also the company's corporate office. The company's main operations, manufacturing, and business management are already based in Ahmedabad, with little business activity in Maharashtra. The move is aimed at improving administrative efficiency and reducing compliance costs. The shift is subject to shareholder approval, Registrar of Companies, and Regional Director (Central Government) clearance, along with a consequent alteration to the Memorandum of Association.
This is an administrative restructuring with no direct impact on shareholders' financial interests or stock price. It simply aligns the registered office with where the business actually operates, and may reduce compliance costs over time. Subject to regulatory and shareholder approvals.