Ace Integrated Solutions Recommends Re-appointment of CEO and Senior Independent Director
The Board of Directors of Ace Integrated Solutions Limited has recommended the re-appointment of key leadership figures, including Mr. Chandra Shekhar Verma as Chairman & Managing Director, and Mr. Kumar Vishwajeet Singh as a Non-Executive Independent Director. The decisions were made during the Board meeting held on June 25, 2026, and are subject to shareholder approval.The Board recommended re-appointing Mr. Chandra Shekhar Verma as Chairman & Managing Director for a period of five consecutive years, effective from June 30, 2026, until June 29, 2031. This decision followed recommendations from the Nomination and Remuneration Committee and the Audit Committee.
Mr. Verma has been associated with the company for many years and holds rich experience spanning several decades in the business industry. As a Promoter & Managing Director, he is a fellow member of The Institute of Chartered Accountants of India and possesses a B. Com degree from University of Gorakhpur. With over 28 years in business, his extensive professional career has provided guidance to employees, contributing significantly to the company's operational and business growth since incorporation.
In parallel, the Board recommended the re-appointment of Mr. Kumar Vishwajeet Singh as a Non-Executive Independent Director for a second term of five consecutive years. This appointment is scheduled to be effective from August 30, 2026, through August 29, 2031.
Dr. Vishwajeet Singh is described as an accomplished technology and business leader, possessing over 25 years of experience across multiple international markets and industry sectors. His qualifications include a Postgraduate degree in Computer Science, a management specialization from IIM Kozhikode, and a Doctorate in Management. His expertise lies in leveraging technology to align with business objectives, driving efficiency and innovation.
The following table summarizes the key details of the recommended re-appointments:
| Appointment | Individual | Role Re-appointed | Start Date | End Date | Term Length |
|---|---|---|---|---|---|
| Chairman & MD | Mr. Chandra Shekhar Verma | Promoter/Chairman & Managing Director | June 30, 2026 | June 29, 2031 | 5 Years |
| Independent Director | Mr. Kumar Vishwajeet Singh | Non-Executive Independent Director | August 30, 2026 | August 29, 2031 | 5 Years |
The Board also noted that Mr. Verma is the Promoter of the company and is the husband of Mrs. Amita Verma, a Whole-Time Director. Mr. Singh, as an Independent Director, reported no relationship to any of the company's Directors.
ACEINTEG Stock Price Movement
Ace Integrated Solutions Limited saw its stock hold firm today, settling at ₹20.36 after maintaining a 0.00% change in trading activity. Shares traded throughout the session fluctuated between a low of ₹20.36 and a high of ₹20.47, with 5,275 shares transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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