Ace Software Exports Limited , a technology company, has announced two significant strategic moves that are set to reshape its business landscape. The company's Board of Directors has approved a rights issue to raise up to ₹72.00 crore and the acquisition of a majority stake in an artificial intelligence-driven education technology firm.

Rights Issue Approval

The Board of Directors of Ace Software Exports has given the green light to a rights issue of partly paid-up equity shares with a face value of ₹10.00 each. The company aims to raise up to ₹72.00 crore through this issue, which will be offered to eligible shareholders as of a yet-to-be-determined record date.

A Fund-Raising Committee, previously known as the Rights Issue Committee, has been empowered to oversee the process. This committee will be responsible for crucial decisions regarding the rights issue, including:

• Approval of the draft letter of offer and related documents
• Determining the pricing and terms of the equity shares
• Setting the rights entitlement ratio
• Fixing the record date and issue timeline
• Appointing necessary intermediaries

The rights issue is subject to regulatory and statutory approvals as required by applicable laws.

Strategic Acquisition in Ed-Tech Sector

In a move to diversify its portfolio and enter the burgeoning education technology market, Ace Software Exports has approved the acquisition of a 70% stake in Theia Education Private Limited (TEPL). The total consideration for this acquisition is ₹12.56 crore.

The acquisition will be executed through a combination of share purchase and subscription:

1. Purchase of 2,04,000 existing shares at ₹345.00 per share from current TEPL shareholders, amounting to ₹7.04 crore.
2. Subscription to 1,60,000 new shares at ₹345.00 per share through a preferential allotment, totaling ₹5.52 crore.

TEPL, incorporated in 2023, is an AI-driven education technology company that aims to enhance the learning process for both students and educators. It offers a range of programs from foundational skills for early learners to advanced research tools for higher education.

The company reported revenues of ₹1.01 crore in FY2025 and ₹1.98 crore in FY2024, indicating its growth trajectory in the ed-tech space.

Strategic Implications

This acquisition allows Ace Software Exports to diversify into the rapidly growing ed-tech sector. The company expects to leverage TEPL's AI-driven learning solutions to complement its existing technology expertise, potentially opening up new revenue streams and growth opportunities.

The transaction is expected to be completed within one year from the date of the Share Purchase and Share Subscription Agreement execution.

Ace Software Exports' move into the ed-tech sector through this acquisition, coupled with its plans to raise capital through a rights issue, signals a strategic shift that could potentially drive the company's growth in the coming years.

The Board meeting where these decisions were made commenced at 5:00 PM and concluded at 6:30 PM on September 26, 2025. The company has stated that these developments will be made available on its website for public reference.

Ace Software Exports Limited has announced a significant development that could potentially impact its financial structure. The company has scheduled a Board of Directors meeting for September 26, 2025, to deliberate on various important matters, including a potential fundraising initiative.

Key Points of the Announcement

• Board Meeting Date: September 26, 2025
• Primary Agenda: Consideration of fundraising through a rights issue or other permissible modes
• Securities Under Consideration: Equity shares or other securities
• Trading Window: Closed from September 23, 2025, until 48 hours after the board meeting outcome is announced

Fundraising Considerations

The board meeting will primarily focus on exploring options for raising funds. The company is considering a rights issue, which would give existing shareholders the opportunity to purchase additional shares at a potentially discounted price. However, the board will also discuss other permissible modes of issuing equity shares or securities, leaving room for alternative fundraising strategies.

Trading Window Closure

In line with regulatory requirements and to ensure fair trading practices, Ace Software Exports has implemented a trading window closure. This restriction applies to:

• Connected Persons
• Insiders
• Immediate relatives of the above

The trading window closure began on September 23, 2025, and will remain in effect until 48 hours after the company announces the outcome of the board meeting. This measure is in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Regulatory Compliance

The company has made this announcement in adherence to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about potential significant corporate actions.

Potential Implications

A successful capital raise could provide Ace Software Exports with additional resources for various corporate purposes, such as expansion, debt reduction, or investment in new technologies.

Investors and market participants will be keenly awaiting the outcome of this board meeting, as it could have significant implications for the company's financial position and future growth strategies.

The company has stated that any fundraising initiative will be subject to necessary regulatory approvals and will be conducted in compliance with applicable laws.

Shareholders and potential investors are advised to keep an eye on further announcements from Ace Software Exports regarding the decisions made at the upcoming board meeting.