Ace Software Exports Ltd Partly Paidup

Ace Software Exports Limited has completed the acquisition of QeApps Private Limited for a total consideration of Rs 12 crore, making it a wholly owned subsidiary. The company also made investments of Rs 1 crore in QeLearn Private Limited and Rs 7 crore in QeMFG Private Limited, both of which are wholly owned subsidiaries. The acquisitions and investments were funded from the net proceeds of a rights issue, and the transactions involved related parties but were conducted at arm’s length.

Ace Software Exports Limited’s Fund-Raising Committee confirmed receipt of Rs 30.25 per partly paid-up Equity Share as the First Call Money for 50,36,721 shares, updating the paid-up value from Rs 4.50 to Rs 7.25 per share and share premium from Rs 45.00 to Rs 72.50 per share, aggregating to Rs 79.75 per share, according to a filing on September 23, 2026, while noting that Rs 1,31,39,995 remains unpaid for the balance 4,34,380 partly paid-up Rights Equity Shares.

Ace Software Exports Limited has approved a first call of Rs 30.25 per partly paid-up equity share, of which Rs 2.75 will be adjusted towards face value and Rs 27.50 towards securities premium, for 54,71,101 outstanding partly paid-up equity shares allotted on December 19, 2025, setting Wednesday, August 26, 2026, as the record date, according to a filing with the BSE Limited on August 18, 2026.

Ace Software Exports Limited has completed the acquisition of the remaining 8,900 equity shares, representing 1.38% of the fully diluted equity share capital, of Ace Infoworld Private Limited for a total consideration of Rs 8,02,246, making Ace Infoworld Private Limited a wholly-owned subsidiary of Ace Software Exports Limited.

Ace Software Exports Limited (BSE: 531525) announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, reporting Rs 353.62 crore in standalone revenue from operations, up 8.6% year-over-year, and Rs 1429.22 crore in consolidated revenue from operations, up 7.9% year-over-year; the company's standalone profit after tax was Rs 83.99 crore, while its consolidated profit after tax was Rs 118.20 crore, reflecting continued investments in AI, technology platforms, and proprietary intellectual property.