Ace Software Exports has scheduled its 32nd Annual General Meeting for Monday, September 28, 2026, at 1:00 pm at its office in Ahmedabad. The company has released the notice containing e-voting information and the cut-off date for voting rights.

Shareholders holding securities as on the cut-off date of September 21, 2026, are eligible to vote. The remote e-voting period commences on Friday, September 25, 2026, at 9:00 am and ends on Sunday, September 27, 2026, at 5:00 pm. MUFG Intime India Private Limited is providing the e-voting facility. Members who have not registered their email addresses were sent letters with web-links to the FY26 Annual Report on September 5, 2026.

Financial Performance Context

The Annual Report details consolidated revenue from operations of ₹5,681.22 lakh for FY26, an approximate 80% year-on-year increase from ₹3,154.65 lakh in FY25. Despite top-line growth, consolidated net profit declined 18% to ₹445.25 lakh, down from ₹559.49 lakh in the previous fiscal year.

Standalone revenue grew 26% to ₹1,455.59 lakh, while standalone profit before tax remained relatively flat at ₹300.13 lakh compared to ₹303.25 lakh in FY25.

Strategic Developments

During FY26, the company completed a rights issue aggregating ₹60.18 crore. Proceeds were utilized for strategic investments, including the acquisition of QeLearn Private Limited for ₹17.94 crore. The company also incorporated QeDigital Gulf Software Services - FZCO in Dubai and invested ₹7 crore in subsidiary QeMFG Private Limited.

Corporate Governance

The Board recommended no dividend for FY26. Shareholders will be asked to approve altering the objects of the rights issue to acquire QeApps Private Limited for ₹12 crore from promoter group members. Material related party transactions with QeDigital Australia Pty Ltd are expected to exceed 10% of annual consolidated turnover.

Ace Software Exports has approved the acquisition of 100% stake in QeApps Private Limited for ₹120 crore. The Board of Directors also altered the utilization of net proceeds from its ongoing rights issue to fund this transaction.

The decision was taken during a meeting held on September 3, 2026. The company will reallocate ₹1,200 lakh from its rights issue proceeds specifically for this new object. The acquisition is subject to shareholder approval at the ensuing Annual General Meeting (AGM).

Rights Issue Variation

The Board approved changes to the Objects of the Issue as stated in the Letter of Offer dated November 14, 2025. This variation does not increase the total size of the rights issue, which remains at ₹6,018.21 lakh. Instead, funds are being shifted between existing categories and allocated to the new acquisition.

Key adjustments include:

• QeApps Acquisition: A new object introduced with ₹1,200 lakh allocation.
• Global Market Expansion: Reduced from ₹1,000 lakh to ₹340 lakh, with ₹660 lakh reallocated.
• QeMatic Brand: The entire unutilized amount of ₹400 lakh is reallocated; it is no longer a separate object.
• Organizational Transformation: Reduced from ₹340 lakh to ₹100 lakh, with ₹240 lakh reallocated.
• QeLearn Investment: An additional ₹100 lakh is allocated for further investment in QeLearn Private Limited.

QeApps Acquisition Details

QeApps Private Limited is a technology solutions provider specializing in Shopify applications. It offers over 20 apps for e-commerce merchants, including product bundling and checkout optimization. The target entity reported revenue from operations of ₹95 lakh in FY26 and ₹65 lakh in FY25.

The acquisition involves purchasing 10,000 equity shares at ₹12,000 per share. The transaction is classified as a related-party transaction, as certain promoters and promoter group members hold shares in QeApps. The deal is structured at arm’s length based on a valuation report by Chartered Accountant Jigar P. Shah.

Upon completion, QeApps will become a wholly owned subsidiary of Ace Software Exports. The acquisition aims to expand the company’s business operations and enhance capabilities within its existing IT and software services line of business.

Call Money Timeline Modification

The Board also modified the terms regarding the timeline for making outstanding calls on partly paid-up equity shares. Previously, the company was required to complete all calls within 12 months from allotment (by December 19, 2026).

Due to the appointment of a Monitoring Agency under Regulation 82 of the SEBI ICDR Regulations, the strict 12-month deadline no longer applies. The First Call on partly paid-up equity shares is payable from September 2, 2026, to September 16, 2026.

AGM Schedule

The 32nd Annual General Meeting is scheduled for Monday, September 28, 2026, at 1:00 pm. The meeting will be held at Solitaire Connect, Ahmedabad. Shareholders can vote electronically via remote e-voting from September 25 to September 27, 2026. The cut-off date for e-voting entitlement is September 21, 2026.