Ace Software Exports Limited announced its unaudited financial results for the quarter ended December 31, 2025, alongside a significant acquisition that will strengthen its position in the education technology sector. The Board of Directors, meeting on February 13, 2026, approved both the quarterly results and the complete acquisition of Theia Education Private Limited under Regulation 33 of SEBI LODR Regulations.

Q3FY26 Financial Performance

The company delivered solid standalone financial performance for the quarter ended December 31, 2025. Key metrics demonstrate growth across revenue and profitability parameters compared to the previous year.

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹1,100.98 lakhs compared to ₹811.67 lakhs in the corresponding period of the previous year, representing a growth of 35.6%. Net profit for the nine-month period stood at ₹225.59 lakhs against ₹168.44 lakhs in the previous year.

Consolidated Results Show Strong Performance

On a consolidated basis, Ace Software Exports demonstrated robust growth across all key metrics. The consolidated results include performance from subsidiaries and step-down subsidiaries across multiple geographies.

Strategic Acquisition of Theia Education

The Board approved a Share Purchase Agreement to acquire the remaining 1,56,000 equity shares of Theia Education Private Limited, making it a wholly owned subsidiary. This strategic move consolidates the company's shareholding to 100% from its existing stake.

Theia Education Private Limited, incorporated in 2023, operates as a futuristic education company utilizing artificial intelligence to enhance learning processes for students and educators. The company reported revenue from operations of ₹100.66 lakhs in financial year 2025 and ₹197.88 lakhs in financial year 2024. TEPL creates responsive and intuitive learning ecosystems where AI adapts in real-time to individual learner needs, offering programs from foundational skills development to advanced research tools for higher education.

Rights Issue and Capital Structure

The company successfully completed a rights issue during the quarter, allotting 54,71,101 partly paid-up rights equity shares on December 19, 2025. Each share has a face value of ₹10 with ₹4.50 paid-up, issued at ₹110 per share including a premium of ₹100. The paid-up equity share capital increased to ₹1,522.79 lakhs as of December 31, 2025, compared to ₹640.00 lakhs in the previous year.

Regulatory and Operational Updates

The company continues to monitor the implementation of four new Labour Codes notified by the Government of India, effective November 21, 2025, which consolidate 29 existing labour laws. Management is evaluating the potential impact and will recognize any effects in subsequent periods upon finalization of rules and clarifications. The company operates under a single segment of "Computer Software and Services Exports" and maintains its focus on technology-driven solutions across domestic and international markets.

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.