Ace Software Exports issues ₹30.25 first call on 54.71 lakh rights shares

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Reviewed by
Riya DScanX News Team
Key Highlights
  • Ace Software Exports issued a first call of ₹30.25 per share on 54.71 lakh rights equity shares
  • Record date is August 26, 2026 with last payment date set for September 16, 2026
  • Trading in partly paid-up shares suspended effective August 25, 2026
  • Late payments incur 10% annual interest with forfeiture risk for non-payment
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Ace Software Exports has issued a first call notice for ₹30.25 per share on 54.71 lakh partly paid-up rights equity shares. The company fixed Wednesday, August 26, 2026 as the record date for determining eligible shareholders.

The board approved the call amount at its meeting on Tuesday, August 18, 2026. This payment represents the second tranche of capital collection from the rights issue launched in November 2025.

Call Money Details

The total issue size of the rights equity shares is up to ₹6,018.21 lakh. Shareholders had previously paid ₹49.50 per share as application money. The remaining balance of ₹60.50 per share was payable in subsequent calls.

Component Amount (₹)
Face Value ₹2.75
Share Premium ₹27.50
Total First Call ₹30.25

Trading in the partly paid-up shares (ISIN: IN9849B01026) was suspended effective Tuesday, August 25, 2026. New partly paid-up shares with a paid-up value of ₹7.25 will trade under a new ISIN within two weeks of the last payment date.

Payment Timeline and Modes

Shareholders must pay the first call money between Wednesday, September 2, 2026 and Wednesday, September 16, 2026. The company accepts payments through online or physical ASBA, 3-in-1 trading accounts, or cheques/demand drafts.

Late payments attract interest at 10% per annum. Failure to pay renders the shares liable for forfeiture under the Companies Act, 2013.

What the Numbers Show

The first call of ₹30.25 constitutes exactly half of the remaining balance due (₹60.50) per rights share. This structured repayment plan allows shareholders to settle the outstanding liability in two equal tranches after the initial application money.

Historical Stock Returns for Ace Software Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+5.00%+7.32%+29.12%-11.04%-8.70%+2,293.09%

How will the full capitalization from this rights issue impact Ace Software Exports' debt-to-equity ratio and overall financial leverage?

What specific strategic initiatives or expansion projects is the company planning to fund with the ₹6,018.21 lakh raised through this rights issue?

Could the suspension of trading and the requirement for additional payments lead to short-term volatility or dilution concerns for existing shareholders?

Ace Software Exports promoters sell 4.08 lakh shares in August

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Reviewed by
Naman SScanX News Team
Key Highlights
  • Seven promoter entities sold a combined 4,08,758 equity shares in open market trades
  • Sales occurred between August 13 and August 21, 2026
  • Vaishali Amit Mehta disposed of the largest block of 1,06,225 shares
  • Individual promoter stakes declined, with no new pledges reported
  • Disclosures filed under SEBI Takeover Regulations with BSE
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49276147

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Promoters of Ace Software Exports disposed of a combined 4,08,758 equity shares through open market transactions between August 13 and August 21, 2026.

The sales were executed by seven entities within the promoter group, including Vaishali Amit Mehta, Jaybhai Bhupatbhai Sanghani jointly with Vikram Bhupat Sanghani, and Harilal Thakarshi Dhamsania-HUF. The disclosures were filed with the Bombay Stock Exchange on August 24 and August 25, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Changes

The disposals reduced the individual stakes of the selling promoters. Vaishali Amit Mehta sold the largest block of 1,06,225 shares, reducing her holding from 4.39% to 3.85% of the total voting capital. Harilal Thakarshi Dhamsania-HUF disposed of 76,514 shares, bringing its stake down from 1.05% to 0.64%.

Promoter Entity Shares Sold Stake Before (%) Stake After (%)
Vaishali Amit Mehta 1,06,225 4.39% 3.85%
Harilal Thakarshi Dhamsania-HUF 76,514 1.05% 0.64%
Jayantibhai Bhagvanjibhai Kalaria 46,274 0.52% 0.34%
Jaybhai & Vikram Sanghani 47,405 3.24% 3.00%
Pushpaben Jayantibhai Kalaria 43,609 0.65% 0.40%
Bina Vikram Sanghani 58,820 1.16% 0.86%
Madhavi Sanjay Dhamsania 29,991 1.28% 1.15%

All transactions were conducted in the open market. The company’s total equity share capital remained unchanged 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.

What the Numbers Show

The coordinated nature of the sales, occurring within an eight-day window across multiple promoter entities, indicates a structured reduction in promoter exposure. The largest seller, Vaishali Amit Mehta, reduced her holding by approximately 13.5%, while the combined stake of all seven sellers decreased by roughly 2.1 percentage points relative to the total voting capital. No encumbrances or pledges were reported on the shares prior to disposal.

Historical Stock Returns for Ace Software Exports

1 Day5 Days1 Month6 Months1 Year5 Years
+5.00%+7.32%+29.12%-11.04%-8.70%+2,293.09%

Will the coordinated reduction in promoter stakes signal a lack of confidence in Ace Software Exports' near-term growth trajectory?

How might this 2.1 percentage point drop in promoter holding impact the stock's liquidity and volatility in the coming months?

Are the proceeds from these sales likely to be reinvested into new ventures by the promoters, or does this indicate a broader exit strategy?

More News on Ace Software Exports

1 Year Returns:-8.70%