Ace Software Exports Limited , an Indian IT company, has announced the incorporation of a wholly owned subsidiary in Dubai, United Arab Emirates. The new entity, named QeDigital Gulf Software Services FZCO, was established on September 11, 2025, as a Free Zone Company.

Subsidiary Details

QeDigital Gulf Software Services FZCO has been set up with an authorized capital of AED 10,000.00, divided into 1,000 ordinary shares of AED 10.00 each. Ace Software Exports will hold 100% shareholding in the new entity by subscribing to all shares for the full amount of AED 10,000.00.

Business Focus

The newly incorporated subsidiary will operate in the Information Technology sector, with a focus on:

• Software development
• IT services
• Technology consulting

QeDigital Gulf Software Services FZCO aims to offer digital transformation and enterprise solutions to global clients, with a particular emphasis on the Middle East and surrounding regions.

Current Status

As of the announcement, the subsidiary has not yet commenced business operations. The incorporation is part of Ace Software Exports' strategy to expand its presence in the Middle Eastern market.

Regulatory Compliance

The company has made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The incorporation details were submitted to the BSE Limited on September 12, 2025.

Management Statement

Mansi Patel, Company Secretary & Compliance Officer of Ace Software Exports Limited, signed the official communication to the BSE, confirming the incorporation of the new subsidiary.

This strategic move by Ace Software Exports Limited appears to be aimed at strengthening its global presence and tapping into the growing IT market in the Middle East region.

Ace Software Exports , also known as Ace Softex, has announced a series of strategic developments with a UK-based technology and data solutions enterprise, marking significant strides in its global expansion efforts.

New Purchase Order

Ace Softex has secured a purchase order worth GBP 51,000 (approximately INR 60.00 lakhs) from the UK-based company. This order entails the delivery of specialized technology and resource augmentation services across testing, business analysis, and digital platforms. The company views this engagement as a foundation for a long-term relationship with the customer and a reaffirmation of its global delivery model.

Global Capability Center Initiative

In a move to strengthen its offshore delivery capabilities, Ace Softex has signed a Letter of Intent (LOI) to establish a Global Capability Center (GCC) in India. The GCC is set to function as a dedicated offshore delivery hub, initially comprising a core team of technology professionals. The first-year engagement for this initiative is valued at GBP 360,000 (approximately INR 4.21 crores), with potential for scaling into a multi-year, multi-service model.

Exploratory Strategic Investment

Adding to these developments, Ace Softex has executed a separate LOI with the same UK enterprise to explore potential strategic investment opportunities. This LOI is exploratory in nature, and any resulting transaction will be subject to satisfactory due diligence, negotiation and execution of definitive documentation, necessary corporate and regulatory approvals, and compliance with applicable laws.

UK Partner Profile

The UK-based partner is an Ofgem-accredited technology company with over a decade of experience in domestic and commercial energy markets. It has invested approximately GBP 4 million over the past six years in developing proprietary platforms for energy asset optimization, data APIs, comparison engines, and digital engagement portals. Notably, about 60% of the company's revenues are derived from recurring SaaS-based models.

Strategic Alignment

These developments align with Ace Softex's strategy to enhance its global footprint, bolster service delivery capabilities, increase recurring revenue, and create long-term value for stakeholders. The company's management views these initiatives as significant steps towards achieving its growth objectives in the international market.

Mansi Patel, Company Secretary & Compliance Officer of Ace Software Exports, confirmed these developments in a filing to the BSE. The company has stated that it will provide further updates as these opportunities progress, ensuring compliance with SEBI (LODR) Regulations for any binding commitments or material developments.

As Ace Softex embarks on these new ventures, the market will be watching closely to see how these strategic moves translate into growth and value creation for the company and its shareholders.