Ace Software promoter Jaybhai Sanghani sells 88,775 shares in open market
Promoter Jaybhai Bhupatbhai Sanghani sold 88,775 shares of Ace Software Exports in the open market, reducing his stake to 3.24%. The joint sale with Vikram Bhupat Sanghani was disclosed under SEBI takeover regulations on August 12, 2026.

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Ace Software Exports Limited promoter Jaybhai Bhupatbhai Sanghani sold 88,775 equity shares in the open market between August 6 and August 11, 2026. The disposal reduced his holding in the company from 3.65% to 3.24% of the total voting capital.
The sale was executed jointly with Vikram Bhupat Sanghani, who is acting in concert with Jaybhai Bhupatbhai Sanghani. The transaction involved both fully paid-up and partly paid-up equity shares listed on the BSE.
Transaction Details
The promoters sold 88,775 shares carrying voting rights through open market transactions. Prior to this disposal, Jaybhai Bhupatbhai Sanghani held 6,81,438 shares, representing 3.65% of the total share capital and 3.74% of the diluted share capital.
Following the sale, his holding stands at 5,92,663 shares, which accounts for 3.24% of the total voting capital and 3.25% of the diluted voting capital. There were no encumbrances, pledges, or liens on the shares held by the promoter group before or after the transaction.
| Metric | Before Sale | After Sale |
|---|---|---|
| Shares Held | 6,81,438 | 5,92,663 |
| % of Total Voting Capital | 3.65% | 3.24% |
| % of Diluted Voting Capital | 3.74% | 3.25% |
| Encumbrances | Nil | Nil |
Regulatory Disclosure
The disclosure was filed with the BSE on August 12, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company’s total equity share capital remains 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. The total diluted share capital stands at ₹18,23,70,050.
Historical Stock Returns for Ace Software Exports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.30% | +18.54% | +63.69% | -16.30% | -7.99% | +2,307.17% |
What is the intended use of the proceeds from the promoter's share sale, and does it signal a lack of confidence in near-term growth prospects?
How might this reduction in promoter holding affect investor sentiment and the stock's liquidity in the short term?
Are there indications of further planned disposals by Jaybhai Bhupatbhai Sanghani or his acting-in-concert parties in upcoming quarters?


































