Ace Software Exports Limited has announced key details of its upcoming rights issue, setting the stage for a significant capital raise. The company's board of directors has approved the terms of the issue, which aims to bolster its financial position and support future growth initiatives.

Rights Issue Details

The rights issue has been structured as follows:

Payment Schedule

The company has outlined a two-part payment schedule for the rights issue:

1. On Application: ₹49.50 per Rights Equity Share (₹4.50 face value + ₹45 premium)
2. On subsequent call(s): ₹60.50 per Rights Equity Share (₹5.50 face value + ₹55 premium)

The timing of the subsequent call(s) will be determined by the Board at its discretion.

Key Dates

• Issue Opening Date: November 28, 2025
• Last Date for On-Market Renunciation: December 10, 2025
• Last Date for Off-Market Renunciation: December 12, 2025
• Issue Closing Date: December 15, 2025
• Date of Allotment: December 16, 2025
• Date of Credit of Rights Equity Shares: December 17, 2025
• Date of Listing: December 18, 2025

Impact on Share Capital

Upon full subscription and receipt of all call monies, the company's total number of equity shares is expected to increase from 1,27,65,904 to 1,82,37,005.

Renunciation and Application Process

Eligible shareholders may apply for the rights issue or renounce their Rights Entitlements (REs) in full or in part. Renunciation can be done through on-market or off-market transfers within the specified timelines. To receive allotment, RE holders must make an application and pay the full application amount before the issue closing date.

Ace Software Exports has made arrangements with NSDL and CDSL to credit the Rights Entitlements in dematerialized form to the demat accounts of eligible shareholders prior to the issue opening date.

This rights issue represents a significant opportunity for Ace Software Exports to strengthen its capital base. Existing shareholders should carefully consider the terms of the offer and consult with their financial advisors regarding participation in the issue.

Investors are advised to refer to the Letter of Offer for complete details and terms of the rights issue before making any investment decisions.

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.