Ace Software Exports Limited has announced a significant development that could potentially impact its financial structure. The company has scheduled a Board of Directors meeting for September 26, 2025, to deliberate on various important matters, including a potential fundraising initiative.

Key Points of the Announcement

• Board Meeting Date: September 26, 2025
• Primary Agenda: Consideration of fundraising through a rights issue or other permissible modes
• Securities Under Consideration: Equity shares or other securities
• Trading Window: Closed from September 23, 2025, until 48 hours after the board meeting outcome is announced

Fundraising Considerations

The board meeting will primarily focus on exploring options for raising funds. The company is considering a rights issue, which would give existing shareholders the opportunity to purchase additional shares at a potentially discounted price. However, the board will also discuss other permissible modes of issuing equity shares or securities, leaving room for alternative fundraising strategies.

Trading Window Closure

In line with regulatory requirements and to ensure fair trading practices, Ace Software Exports has implemented a trading window closure. This restriction applies to:

• Connected Persons
• Insiders
• Immediate relatives of the above

The trading window closure began on September 23, 2025, and will remain in effect until 48 hours after the company announces the outcome of the board meeting. This measure is in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Regulatory Compliance

The company has made this announcement in adherence to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps shareholders and the market informed about potential significant corporate actions.

Potential Implications

A successful capital raise could provide Ace Software Exports with additional resources for various corporate purposes, such as expansion, debt reduction, or investment in new technologies.

Investors and market participants will be keenly awaiting the outcome of this board meeting, as it could have significant implications for the company's financial position and future growth strategies.

The company has stated that any fundraising initiative will be subject to necessary regulatory approvals and will be conducted in compliance with applicable laws.

Shareholders and potential investors are advised to keep an eye on further announcements from Ace Software Exports regarding the decisions made at the upcoming board meeting.

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.