Ace Software Exports Limited has announced an extension of its rights issue schedule, providing shareholders with additional time to participate in the ₹60.18 crore capital raise. The company's Fund-raising Committee has decided to extend the issue period by three days based on feedback from multiple shareholders.

Rights Issue Details

The rights issue maintains its original structure with the following specifications:

Revised Schedule

The company has updated its rights issue timeline to accommodate shareholder requests:

Payment Structure

The two-part payment schedule remains unchanged:

Extension Rationale

The three-day extension is intended to provide greater operational convenience and enable shareholders to complete their applications without constraints. The company emphasized that this brief extension ensures seamless participation for all investors while remaining within the regulatory limit of 30 days from the issue opening date.

Impact and Process

Upon full subscription, the company's equity shares will increase from 1,27,65,904 to 1,82,37,005. Eligible shareholders can apply for the rights issue or renounce their Rights Entitlements through on-market or off-market transfers within specified timelines. The company will publish advertisements regarding the revised schedule in newspapers and submit the same to stock exchanges in due course.

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.