Ace Software Exports Limited has successfully completed the allotment of its rights issue, marking a significant milestone in the company's capital raising initiative. The Fund Raising Committee approved the allotment of 54,71,101 partly paid-up rights equity shares on December 19, 2025, following the basis of allotment finalized in consultation with BSE Limited and the Registrar to the Issue.

Rights Issue Allotment Details

The company has allotted the complete rights issue as per the original offering structure:

Updated Share Capital Structure

Following the successful allotment, the company's equity share capital structure has been revised:

Promoter Shareholding Changes Under SEBI Disclosure

Following the rights issue allotment, the company has received substantial acquisition disclosure from Mr. Amit M. Mehta on behalf of the promoter and promoter group under Regulation 29(2) of SEBI (SAST) Regulations. The promoters acquired 25,16,615 partly paid-up equity shares through the rights issue allotment.

Key Promoter Holdings

The disclosure reveals the distribution of shareholding among key promoters post-allotment:

Regulatory Compliance and Timeline

The rights issue, which was extended from its original closing date of December 15, 2025, to December 18, 2025, maintained its structure throughout the process. The allotment was conducted in accordance with the Letter of Offer dated November 14, 2025, and complies with all regulatory requirements under SEBI regulations. The substantial acquisition disclosure was filed on December 23, 2025, as mandated under SEBI (SAST) Regulations due to the change in promoter shareholding exceeding two percent of total post-issue share capital.

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.