Ace Software Exports Secures Major AI-Driven Mortgage Platform Deal

Ace Software Exports Limited has secured a multi-phase product engineering engagement worth approximately USD 1.5 million (INR 13.49 Crore) in the AI-driven mortgage marketplace sector. This development comes as the company's financial position shows improvement over the past year.

Deal Highlights

Contract Value: Approximately USD 1.5 million (INR 13.49 Crore)
Initial Purchase Order: USD 48,000 (INR 43 Lakhs) for MVP phase
Partner: US-based private equity firm
Project Scope: Development of AI-driven mortgage marketplace platform
Engagement Type: Multi-year global engagement
Delivery Model: Dedicated Global Capability Centre (GCC)

Financial Performance Overview

Ace Software Exports has demonstrated growth in its financial position, as evidenced by the latest balance sheet data:

Metric	Current Year	1 Year Ago	Change
Total Assets	79.10	29.50	168.14%
Shareholders' Capital	78.10	27.40	185.04%
Current Assets	30.80	12.80	140.62%
Investments	46.40	19.50	137.95%

All figures in INR Crore

The company's financial position is evident from the increase in total assets and shareholders' capital, which have more than doubled over the past year. This financial position provides a foundation for Ace Software Exports to undertake and deliver on this new contract.

Strategic Implications

The execution of the Letter of Intent (LOI) and the receipt of the initial purchase order mark the beginning of what could be a significant engagement for Ace Software Exports. The project represents a revenue opportunity and positions the company in AI-driven solutions for the real estate and mortgage sectors.

The establishment of a dedicated Global Capability Centre (GCC) delivery model suggests a commitment to this partnership and potentially opens doors for similar engagements in the future. This move aligns with the trend of technology firms establishing specialized centers to cater to specific client needs and industry verticals.

As Ace Software Exports begins this project, investors and market watchers may observe the company's ability to deliver on this contract and its potential impact on future financial performance. The successful execution of this contract could potentially lead to further growth in the company's asset base and shareholder value, continuing the trend observed in the recent financial data.

With the initial phase of the MVP development underway, Ace Software Exports aims to demonstrate its capabilities in AI-driven product engineering, potentially setting the stage for expanded opportunities in the field of technology-enabled real estate solutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.71%	+10.03%	-3.22%	+4.30%	-17.27%	+2,704.26%

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:

Particulars:	Details
Shares Allotted:	54,71,101 partly paid-up equity shares
Face Value:	₹10.00 each (₹4.50 paid up)
Issue Price:	₹110.00 per Rights Equity Share
Share Premium:	₹100.00 per Rights Equity Share
Amount Paid on Application:	₹49.50 per share (including ₹45.00 premium)
Balance Amount:	₹60.50 per share (payable on subsequent calls)

Updated Share Capital Structure

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

Share Category:	Number of Shares	Amount (₹)
Fully Paid-up Equity Shares (₹10 each):	1,27,65,904	12,76,59,040.00
Partly Paid-up Equity Shares (₹4.50 paid):	54,71,101	2,46,19,954.50
Total Equity Share Capital:	1,82,37,005	15,22,78,994.50

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.

Shareholding Parameter:	Before Rights Issue	After Rights Issue	Change
Promoter Shares:	87,31,178	1,12,47,793	+25,16,615
Shareholding Percentage:	68.39%	61.68%	-6.71%
Calculation Basis:	Pre-issue capital	Post-issue capital	Dilution effect

Key Promoter Holdings

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

Promoter Name:	Shares Held	Shareholding (%)
Vikram Bhupatbhai Sanghani:	15,55,842	8.53%
Amit Mansukhlal Mehta:	19,76,228	10.84%
Sanjay Harilal Dhamsania:	11,00,117	6.03%
Rahul Jayantibhai Kalaria:	12,59,309	6.91%

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.