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.

Ace Software Exports Limited has officially changed its Registrar and Share Transfer Agent (RTA) from Accurate Securities & Registry Private Limited to MUFG Intime India Private Limited, with the change taking effect from February 24, 2026. The company made this announcement in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Documentation and Confirmations

The RTA change has been formally confirmed through official documentation from both major depositories in India. National Securities Depository Limited issued its confirmation letter on February 23, 2026, while Central Depository Services (India) Limited provided its confirmation on February 24, 2026. Both depositories have updated their systems to reflect the change effective from February 24, 2026.

The company's official intimation letter, dated February 24, 2026, was addressed to BSE Limited and referenced the company's earlier communication from September 6, 2024. The letter confirmed that all necessary regulatory procedures have been followed for the transition.

New RTA Contact Details and Services

The new Registrar and Transfer Agent, MUFG Intime India Private Limited, operates from its Mumbai office with comprehensive investor support services:

Regulatory Compliance and Tripartite Agreement

As per Regulation 7 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a tripartite agreement between Ace Software Exports Limited, the previous RTA (Accurate Securities & Registry Private Limited), and the new RTA (MUFG Intime India Private Limited) is currently under process. The company has indicated that details of this agreement will be communicated in due course.

Central Depository Services (India) Limited has confirmed that the previous tri-partite agreement with Accurate Securities & Registry Private Limited now stands cancelled following the system update on February 24, 2026.

System Updates and Stakeholder Communication

The transition ensures continuity of services for shareholders and investors, with MUFG Intime India Private Limited now handling all registrar and transfer agent functions for the company. The change has been systematically implemented across all relevant platforms and systems.

The company has updated this information on its official website at www.acesoftex.com to ensure transparency and easy access for stakeholders. This change represents part of the company's ongoing efforts to enhance shareholder services and maintain compliance with regulatory requirements. All stakeholders can now direct their queries and requests to the new RTA using the provided contact details.