Ace Software Exports Limited has scheduled a meeting of its Board of Directors on Saturday, May 30, 2026, to consider and approve the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The meeting will be conducted under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board will review the financial performance for the full fiscal year FY26 and the corresponding quarter, accompanied by the auditors' report. This disclosure is critical for shareholders as it provides a comprehensive view of the company's financial health and operational efficiency for the period.

In conjunction with the meeting, the company has enforced a trading window closure. Effective from April 1, 2026, the trading window remains closed for promoters, directors, key managerial personnel, designated persons, and their immediate relatives. This restriction is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, and the company’s Code of Conduct on Insider Trading. The window will reopen 48 hours after the outcome of the Board meeting is disseminated to the stock exchanges.

The intimation regarding the board meeting and the trading window closure has been submitted to BSE Limited and is available on the company’s official website. The meeting agenda also includes provisions for any other business with the permission of the chair.

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.