Ace Software Exports Limited shareholders approved the acquisition of QeApps Private Limited and material related party transactions with QeDigital Australia Pty Ltd during the company's 32nd Annual General Meeting held on September 28, 2026.

The meeting, chaired by Vikram B. Sanghani, Chairman Emeritus and Whole Time Director, also sanctioned the adoption of audited financial statements for FY26. Additionally, investors voted to re-appoint Rahul J. Kalaria as a director following his retirement by rotation.

Key resolutions passed

Shareholders passed several special resolutions concerning capital structure and strategic acquisitions:

• QeApps Acquisition: Approval for the acquisition of QeApps Private Limited.
• Related Party Transactions: Approval of material transactions between the company and QeDigital Australia Pty Ltd, as well as between wholly owned subsidiary QeCAD Studio Private Limited and QeDigital Australia Pty Ltd.
• Rights Issue Modifications: Alteration of objects for utilization of funds from the net proceeds of the rights issue and changes to the period for making outstanding calls on partly paid-up equity shares.

Voting process and compliance

The company facilitated remote e-voting from September 25, 2026, to September 27, 2026. CA Ravi Jagdishbhai Trivedi served as the scrutinizer for the poll and e-voting process. Results were disseminated to stock exchanges and uploaded to the company website and MUFG Intime India Private Limited within two working days of the meeting's conclusion.

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.