Ace Integrated Solutions Limited — Board/Management Information 2021

Aug 30, 2021

ACE INTEGRATED SOLUTIONS LIMITED

Regd. Office: B-13, DSIDC Complex, FIE, Patparganj Industrial Area, Delhi - 110092 Phone No.: 011-22162970, 22163632, 22156470 Fax: 011-22156374 e-mail:-ceo@aceintegrated.com, info@aceintegrated.com

CIN: L74140DL1997PLC088373

Ref.-ACE/STX/2021-22/22 To

Date: 30.08.2021

The Manager (Listing Department) National Stock Exchange of India Limited (NSE) Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai-400051

Company Symbol: ACEINTEG Subject: Outcome of Board Meeting held on Monday, August 30, 2021

Dear Sir/Madam,

In accordance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors in their meeting held on Monday, the 30^th day of August, 2021 starts at 01:00 p.m. and concluded at 03:00 p.m., considered and approved, inter-alia the following businesses:

• 1. The Board discussed the appointment of Mr. Kumar Vishwajeet Singh (DIN: 03334038) as Additional Director in the capacity of Non-Executive Independent Director of the Company. (Please refer Annexure-I)
• 1. Considered, approved and recommended for members approval, the increase of authorized share capital of the Company from Rs. 10,00,00,000/- divided into 1,00,00,000 equity shares of Rs. 10/- each to Rs. 11,00,00,000 divided into 1,10,00,000 equity shares of Rs. 10/- each by creating additional 1,00,00,000 (One Crore) equity shares of Rs. 10 each and consequent alteration in Capital Clause V of Memorandum of Association of the Company relating to share capital of the Company.
• 1. Considered, approved and recommended for members approval, issue of fully paid-up Bonus shares in the ratio of 1:2 i.e. 1 (one) fully paid up equity shares for every 2 (two) equity shares held. (Please refer Annexure-II)
• Approval of Director's Report of the Company for the year 2020-21. $\blacktriangle$
• The Board took note of Secretarial Audit Report for the financial year 2020-21. $5.$
• 1. The Board decided to appoint FCS Atiuttam Prasad Singh proprietor of M/s Atiuttam Singh & Associates Company Secretaries (Membership No. F8719 COP: 13333) as scrutinizer to vote cast by the members through remote e-voting during the 24^th Annual General Meeting.
• 1. The Notice of 24^th Annual General Meeting of the Company has been approved and details of AGM are as under:

• Wednesday, September 29, 2021 Date of AGM 05:30 p.m. Time Registered Office - B-13, DSIDC Complex, Venue of AGM $\ddot{\cdot}$ Functional Industrial Estate,

  • Industrial Area Patparganj, New Delhi-110092

• Approved e-voting facility from NSDL to the shareholders and fixed the e-voting period begins on Sunday, September 26, 2021 (9:00 a.m.) and ends on Tuesday, September 28, 2021 (5:00 8. p.m.) and fixed the cut-off date (Record Date) for e-voting will be Wednesday, September 22, 2021 for the purposes of 24^th Annual General Meeting.

• 1. Approval of Annual Report for the financial year 2020-21 and other matters.

In addition to the above, other matters were also discussed in the Board Meeting.

You are kindly requested to take the above information on your record.

Yours faithfully, For ACE INTEGRATED SOLUTIONS LIMITED

WINTEGRATE Abha Jain OS ABHA JAIN Company Secretary & Compliance Officer LIWITS M.No: A61853

Annexure-I

Company Symbol: ACEINTEG

Subject: - Intimation of appointment of Mr. Kumar Vishwajeet Singh (DIN: 03334038) as an Additional Director in the capacity of Non-Executive Independent Director

Dear Sir/Madam,

In compliance with the provision of regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that on recommendation of Nomination and Remuneration Committee and subject to the approval of shareholders in the next general meeting and passing an online proficiency self-assessment test conduct by IICA as per rule 6 of the Companies (Appointment and Qualifications of Directors) Rules, 2014 within a period of one year from the date of inclusion my name in the data bank of IICA, the Board of Directors in their Board Meeting held on 12.11.2020 have approved the appointment of MR. KUMAR VISHWAJEET SINGH (DIN: 03334038) as an Additional Director in the capacity of Non-Executive Independent Director of the Company for a term of 5 (Five) consecutive years with effect from 30.08.2021 to 29.08.2026, who has submitted a declaration that he meets the criteria for independence as provided in section 149(6) of the Companies Act, 2013 and whose term shall not liable to retire by rotation.

The brief profile of Mr. Kumar Vishwajeet Singh (DIN: 03334038) is enclosed herewith.

Brief Profile

Particulars	Appointment
Name	Kumar Vishwajeet Singh
Father's Name	Shri Guneshwar Singh
DIN	03334038
Date of Birth	01/03/1977
Educational
M.Sc. IT from Sikkim Manipal University Qualification An IT strategist, innovator, evangelist, contributing to company's profitable Experience growth through process innovation, progressive change management and through convergence of business and technology. Having over 21 years of successful history of providing strategic leadership for enterprise-wide technology initiatives; Pioneered significant information technology initiatives, which gave new directions to organizational practices; and brought tangible as well as intangible benefits to the organization. Masters in Information Technology and alumni of IIM K. Have won several awards and recognition in the IT domain including June 2019 by VAR India Eminent CIO 2019 December2018 by eLets eIndia Certificate of Excellence for Innovation December 2018 by GEC Media UAE Fortune Asia 2018 CIO Awards November 2018 by Enterprise IT World Change Agents 2018 CIO Awards September 2017 by Enterprise IT World CIO Excellence May 2017 by CISO Platform CISO 100

April 2017 by INFOSECURITY INFOSEC MAESTROS AWARD 2017 December 2016 by WORLD LEADERSHIP FEDERATION BY COLLABERA CIO OF THE YEAR 2016 August 2013 by HATT SUMMIT 2013 Business Transformation, using IT as a Strategic Enabler
October 2012 by CISO Forum CIO Innovator May 2010 by D&B • Best CTO "Overall" and Best CTO "Process Excellence"
Have been featured as one of the Youngest CIO in India by the Leading IT Magazine. One of his Project is listed with IBM & Red Hat's Global website.
Have worked with IndiaMART InterMESH Limited as Manager Technology, FCm Travel Solutions (I) Limited as National Manager IT, Entertainment World Developers Limited as Vice President IT, Intl Corp Solutions Private Limited as Group CIO & VP, ROI Mantra Pvt Limited as CIO, Aptech Limited as Head of Delivery & CIO.
In addition, acted as domain related expert consultant for EDS, ICICI, Pfizer and many more.

You are kindly requested to take the above information on your record.

Mala Jaime (2) 1705

Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board has approved and recommended to the shareholders to approve issuance of Bonus Shares by capitalizing the "Securities Premium Account" & "Free Reserves", in the ratio of 1:2 i.e. 1 (one) fully paid up equity share for every 2 (two) equity shares held.

Whether bonus issue out of free reserves created out of profits or share premium account.	The bonus is made out of Share Premium Account and/ or Free Reserves of the Company available as per Audited Balance Sheet
Bonus Ratio	Issuance of Bonus Equity Shares in the ratio of 1:2 i.e. 1 (one) fully paid up equity share for every 2 (two) equity shares held.
Details of share capital Pre Bonus Issue Paid up Capital	6,80,00,000 divided into 68,00,000 shares of Rs. 10/- each fully paid up.
Post Bonus Issue Paid up Capital	10,20,00,000 divided into 1,02,00,000 shares of Rs. 10/- each fully paid up.
Free Reserves and/or Share Premium required for implementing the bonus issue	Rs. 3,40,00,000
Free Reserves and/or Share Premium available for capitalization and the date as on which such balance is available	As on March 31, 2021: General Reserve: 4,70,50,395 Securities Premium Account: 5,40,00,000
Whether the aforesaid figures are audited	Yes
Estimated date by which such bonus shares would be credited/dispatched	Within 2 months from the date of Board Meeting authorizing the Bonus Issue
	the date of Board Meeting authorizing the issue is August 30, 2021

You are kindly requested to take the above information on your record.

ACR

INTEGRA

PULLES

OS

For ACE INTEGRATED SOLUTIONS LIMITED

Abha Jain Company Secretary & Compliance Officer M. No. A61853