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:

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.

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.