ACE Software Exports Limited has reported the transmission of equity shares within its promoter group following the demise of Late Jhamkunver H Dhamania. The transmission involves 5,95,033 equity shares representing a 3.91% stake in the company, which has been transferred to her nominee Mr. Sanjay Harilal Dhamania, who is one of the promoters.

Share Transmission Details

The transmission was completed on February 19, 2026, and has resulted in a significant change in Mr. Sanjay Harilal Dhamania's individual shareholding pattern. His stake in the company has increased substantially due to this internal transfer within the promoter group.

Regulatory Compliance

The company has filed the necessary disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted by Mr. Sanjay Harilal Dhamania on February 20, 2026, detailing the acquisition of shares through transmission.

The mode of acquisition has been classified as off-market inter-se transfer by way of transmission. This type of transfer typically occurs when shares are passed to legal heirs or nominees following the death of a shareholder.

Company Share Capital Structure

ACE Software Exports Limited's equity share capital remains unchanged following this transmission. The company's capital structure consists of:

Impact on Promoter Group Holdings

The company has specifically noted that there is no overall change in the percentage of shares held by the Promoter Group shareholders. This transmission represents an internal restructuring within the promoter group rather than any change in the group's collective control over the company.

The shares are listed on BSE Limited, and the company has informed the exchange about this transmission for record-keeping purposes. Company Secretary and Compliance Officer Mansi Patel signed the disclosure document on behalf of ACE Software Exports Limited.

Ace Software Exports Limited has filed regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, announcing its strategic investment in MyUtilityGenius Limited (MUG) and MyUtilityGenius Commercial Limited (MUGC), UK-based energy technology companies, through a binding term sheet.

Regulatory Filing and Compliance

The company submitted its formal disclosure to BSE Limited on February 15, 2026, through Company Secretary & Compliance Officer Mansi Patel. The filing includes a comprehensive press release detailing the proposed strategic investment that positions Ace Software for entry into the regulated energy technology sector.

Strategic Investment Framework

The proposed investment represents Ace Software's strategic entry into a regulated, technology-led services sector undergoing structural transformation driven by digitization, regulatory evolution, and sustainability imperatives. The transaction aligns with the company's long-term strategy of selective international expansion and portfolio diversification through scalable, data-centric platforms in developed markets.

Target Company Operations

MUG & MUGC operates as a UK-based energy technology and consultancy group delivering software platforms, analytics-driven services, and sector-specific advisory solutions across domestic and commercial energy markets. The companies provide API-enabled acquisition tools, white-label energy enrollment and switching platforms, analytics-led decision support, and flexible energy procurement solutions designed to improve efficiency, manage volatility, and enhance customer engagement.

Governance and Control Structure

Upon completion, Ace Software will hold 40% of the fully diluted equity share capital in each target entity while being vested with substantive governance and control rights. These include majority board representation, affirmative voting and reserved matter rights, and step-up rights enabling an increase to majority shareholding, subject to applicable laws and approvals.

The proposed acquisition remains subject to execution of definitive Share Purchase & Subscription Agreement and Shareholders' Agreement, completion of due diligence, and fulfillment of customary conditions precedent. The transaction structure involves acquiring shares through combination of subscription to newly issued share capital and purchase from existing shareholder Westbury Solutions Limited.