Ace Software Exports Limited reported an 80.09% year-on-year surge in consolidated revenue from operations to ₹5,681.22 lakhs for FY 2025-26. The company announced its audited financial results for the quarter and year ended March 31, 2026, on May 30, 2026. Profit for the period stood at ₹445.25 lakhs, while EBITDA for the fiscal year was ₹871.69 lakhs, a 5.78% increase compared to the previous year, reflecting improved operational efficiency amidst significant business expansion.

The Board of Directors approved the financial results at a meeting held on May 30, 2026, under Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company continued to invest in business expansion, technology capabilities, and product development initiatives during the year. A trading window closure, effective from April 1, 2026, remains in place for designated persons until 48 hours after the result dissemination.

Key Financial Highlights FY 2025-26

Capital Strengthening and Acquisitions

Ace Software Exports successfully completed a Rights Issue of 54,71,101 partly paid-up equity shares, receiving ₹27.08 crores as application money. The balance amount of ₹33.10 crores remains receivable as call money to support business operations. The company also completed the acquisition of QeLearn Private Limited, formerly Theia Education Private Limited, to expand its presence in the education technology segment.

Additionally, the company signed a definitive Term Sheet to acquire a 40% equity stake each in MyUtilityGenius Limited and MyUtilityGenius Commercial Limited, a UK-based energy technology and consultancy group. This acquisition is subject to the execution of definitive agreements and regulatory requirements. To support its Middle East operations, the company established QeDigital Gulf Software Services FZCO in Dubai, UAE.

Ace Software Exports Limited has completed the acquisition of the remaining 49.62% stake in QeLearn Private Limited, formerly known as Theia Education Private Limited, making it a wholly owned subsidiary of the company. The transaction was completed on May 12, 2026, and was disclosed to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Acquisition Details

The company acquired 2,58,000 equity shares, representing 49.62% of the fully diluted equity share capital of QeLearn Private Limited, for a total cash consideration of ₹8,90,10,000/- (Rupees Eight Crore Ninety Lakhs Ten Thousand Only). With this acquisition, Ace Software Exports now owns 100% of the stake in QeLearn Private Limited. The acquisition was financed through net proceeds derived from the company's Rights Issue, in accordance with its Letter of Offer dated November 14, 2025.

The key parameters of the acquisition are summarised below:

About QeLearn Private Limited

QeLearn Private Limited is a company incorporated in 2023 under the Companies Act, 2013, bearing CIN U85499GJ2023PTC141443, with its registered office at 704-Solitaire Connect, Makarba, S.G. Highway, Ahmedabad, Gujarat, India – 380051. The company operates in the Ed-Tech industry and positions itself as an AI-driven education company focused on enhancing the learning process for both students and educators.

QeLearn's platform aims to create a responsive and intuitive learning ecosystem where artificial intelligence adapts in real-time to the individual needs of each learner. Its offerings span a range of programs, from building foundational skills in early learners to providing advanced research tools for higher education, while also equipping educators with automated insights and feedback.

The revenue performance of QeLearn Private Limited for the last two financial years is as follows:

Strategic Rationale

According to the disclosure, the acquisition enables Ace Software Exports to diversify into the EdTech sector. The company noted that QeLearn's AI-driven learning solutions complement its own technology expertise, providing strategic synergies, new revenue opportunities, and long-term growth potential. No governmental or regulatory approvals were required for the completion of this acquisition, and the transaction was confirmed as not falling within the scope of related party transactions.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015, and in accordance with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The outcome references prior board meetings of Ace Software Exports held on September 26, 2025, and February 13, 2026. The information has also been made available on the company's official website.