Ace Software Exports sets Aug 26 record date for first call on rights shares

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Reviewed by
Ashish TScanX News Team
Key Highlights

Ace Software Exports Limited has fixed August 26, 2026, as the record date for the first call on its partly paid-up equity shares. The Board approved a first call of ₹30.25 per share on 54,71,101 shares during its meeting on August 18, 2026. The payment includes ₹2.75 towards face value and ₹27.50 towards securities premium, completing the rights issue obligation.

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Ace Software Exports has fixed Wednesday, August 26, 2026, as the record date for the first call on its partly paid-up equity shares. The company’s Board of Directors approved the move during its meeting held on Tuesday, August 18, 2026.

The first call amount is ₹30.25 per share. This applies to the outstanding 54,71,101 partly paid-up equity shares with a face value of ₹10 each. These shares were allotted on December 19, 2025, on a rights basis pursuant to the Letter of Offer dated November 14, 2025. Currently, ₹4.50 per share has been paid up.

Call Money Structure

The approved first call of ₹30.25 per share will be adjusted as follows:

  • ₹2.75 towards the face value of the equity shares.
  • ₹27.50 towards the securities premium account.

This adjustment completes the payment obligation for the rights issue, moving the shares from partly paid to fully paid status.

Regulatory Disclosure

The company issued the intimation in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice was filed with BSE Limited and is available on the company’s website.

Historical Stock Returns for Ace Software Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+1.43%+8.89%+28.13%-4.77%-17.58%+2,518.86%

How will the conversion of these shares to fully paid status impact Ace Software Exports' immediate cash flow and liquidity position?

What specific projects or expansion plans is the company targeting with the ₹27.50 per share premium collected from this rights issue?

Could the mandatory payment obligation lead to any short-term selling pressure from shareholders who are unable or unwilling to meet the call amount?

Ace Software promoter Jaybhai Sanghani sells 88,775 shares in open market

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Reviewed by
Suketu GScanX News Team
Key Highlights

Promoter Jaybhai Bhupatbhai Sanghani sold 88,775 shares of Ace Software Exports in the open market, reducing his stake to 3.24%. The joint sale with Vikram Bhupat Sanghani was disclosed under SEBI takeover regulations on August 12, 2026.

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Ace Software Exports Limited promoter Jaybhai Bhupatbhai Sanghani sold 88,775 equity shares in the open market between August 6 and August 11, 2026. The disposal reduced his holding in the company from 3.65% to 3.24% of the total voting capital.

The sale was executed jointly with Vikram Bhupat Sanghani, who is acting in concert with Jaybhai Bhupatbhai Sanghani. The transaction involved both fully paid-up and partly paid-up equity shares listed on the BSE.

Transaction Details

The promoters sold 88,775 shares carrying voting rights through open market transactions. Prior to this disposal, Jaybhai Bhupatbhai Sanghani held 6,81,438 shares, representing 3.65% of the total share capital and 3.74% of the diluted share capital.

Following the sale, his holding stands at 5,92,663 shares, which accounts for 3.24% of the total voting capital and 3.25% of the diluted voting capital. There were no encumbrances, pledges, or liens on the shares held by the promoter group before or after the transaction.

Metric Before Sale After Sale
Shares Held 6,81,438 5,92,663
% of Total Voting Capital 3.65% 3.24%
% of Diluted Voting Capital 3.74% 3.25%
Encumbrances Nil Nil

Regulatory Disclosure

The disclosure was filed with the BSE on August 12, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company’s total equity share capital remains at ₹15,22,78,994.50, consisting of 1,27,65,904 fully paid-up equity shares and 54,71,101 partly paid-up equity shares. The total diluted share capital stands at ₹18,23,70,050.

Historical Stock Returns for Ace Software Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+1.43%+8.89%+28.13%-4.77%-17.58%+2,518.86%

What is the intended use of the proceeds from the promoter's share sale, and does it signal a lack of confidence in near-term growth prospects?

How might this reduction in promoter holding affect investor sentiment and the stock's liquidity in the short term?

Are there indications of further planned disposals by Jaybhai Bhupatbhai Sanghani or his acting-in-concert parties in upcoming quarters?

More News on Ace Software Exports

1 Year Returns:-17.58%