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ACE Software Exports Ltd (531525)

📊 BSE: 531525 🏢 Software Products 📢 Latest filing: 23 Sep 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, ACE Software's revenue was ₹14.3 Cr (+7.9% year on year, -2.6% on the previous quarter), and net profit ₹1.2 Cr (-3.1% year on year); the operating margin was 9.4%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹14.3	+7.9%	-2.6%
Operating profit	₹1.3	-12.5%	+42.4%
Net profit	₹1.2	-3.1%	from loss
EPS (₹)	0.65	-5.8%	from loss
Operating margin	9.4%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

ACE Software Receives ₹15.24 Cr First Call Money on 50.37 Lakh Partly Paid Shares

🟢 POSITIVE ⭐ 6/10

FUNDRAISE 📅 23 Sep 2026, 07:47 PM

Ace Software Exports confirmed receipt of First Call Money of ₹30.25 per share across 50,36,721 partly paid-up rights equity shares, amounting to approximately ₹15.24 crore. Consequently, the paid-up value for these shares has increased from ₹4.50 to ₹7.25 per share. A total of 4,34,380 shares remain unpaid, amounting to ₹1.31 crore in arrears. The Board of Directors will determine the subsequent course of action and notices for the defaulted call money.

Confirmed receipt of ₹30.25 per share (₹2.75 face value + ₹27.50 premium) on 50,36,721 partly paid-up equity shares
Total First Call collection stands at ~₹15.24 crore, representing ~92% collection efficiency on 54,71,101 rights shares
Paid-up value increased from ₹4.50 to ₹7.25 per share (plus share premium increased from ₹45.00 to ₹72.50 per share)
Unpaid call money stands at ₹1,31,39,995 across 4,34,380 partly paid-up rights equity shares

💡 Track the upcoming listing and trading approvals for the newly credited partly paid-up shares (ISIN: IN9849B01034) and board decisions regarding forfeiture or reminder notices for the unpaid 4,34,380 shares.

Ace Software Board to Meet Sept 3, 2026 to Consider Variation in Rights Issue Fund Utilization

🔵 WATCH ⭐ 4/10

BOARD_MEETING 📅 31 Aug 2026, 08:54 PM

Ace Software Exports Limited has scheduled a meeting of its Board of Directors on Thursday, September 03, 2026. The board will consider and approve changes in the Objects of the Issue and variation in the utilization of net proceeds from its Rights Issue (originally detailed in the Letter of Offer dated November 14, 2025). Additionally, the board will finalize details and the agenda for the ensuing Annual General Meeting.

Board meeting scheduled on Thursday, September 03, 2026.
Agenda includes altering Objects of the Issue and varying utilization of Rights Issue proceeds.
Original terms were specified in the Letter of Offer dated November 14, 2025.
Board will also decide on the schedule and agenda for the ensuing Annual General Meeting.

💡 Track the outcome of the September 3, 2026 board meeting and subsequent shareholder disclosures to assess the revised capital deployment plan.

ACE Software Issues First Call Notice of ₹30.25 Per Partly Paid Rights Share (~₹16.55 Cr)

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 27 Aug 2026, 04:42 PM

Ace Software Exports Ltd has issued a First Call notice for 54,71,101 partly paid-up equity shares allotted under its rights issue. The First Call amount is ₹30.25 per share (₹2.75 face value + ₹27.50 premium), amounting to an aggregate call of ~₹16.55 crore. The payment window is open from September 02, 2026, to September 16, 2026. Non-payment attracts 10% per annum interest and risks forfeiture of partly paid shares.

First Call amount fixed at ₹30.25 per partly paid share (₹2.75 face value + ₹27.50 premium)
Applies to 54,71,101 outstanding partly paid-up equity shares, totaling ~₹16.55 crore
Call payment window opens on September 02, 2026, and closes on September 16, 2026
Trading in existing partly paid shares suspended from August 25, 2026; new ISIN to trade ~2 weeks post call closure
Failure to pay incurs 10% p.a. interest and subjects shares to forfeiture

💡 Holders of partly paid-up shares must complete payment via ASBA or bank draft by September 16, 2026, to avoid share forfeiture and interest penalties.

Promoter Group Entities Sell Minor Stakes in Open Market

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 26 Aug 2026, 01:03 PM

Ace Software Exports disclosed open market share disposals under SEBI SAST Regulation 29(2) by multiple promoter group entities executed between August 19, 2026, and August 21, 2026. Bina Vikram Sanghani sold 58,820 shares (reducing holding from 1.16% to 0.86%), Madhavi Sanjay Dhamsania sold 29,991 shares (reducing holding from 1.28% to 1.15%), and Jayantibhai Kalaria sold 46,274 shares (reducing holding from 0.52% to 0.34%). Vaishali Amit Mehta also disclosed sales of 61,797 fully paid and 44,428 partly paid equity shares.

Bina Sanghani sold 58,820 shares (34,310 fully paid, 24,510 partly paid), reducing stake from 1.16% to 0.86%
Madhavi Dhamsania sold 29,991 shares (10,000 fully paid, 19,991 partly paid), decreasing holding from 1.28% to 1.15%
Jayantibhai Kalaria sold 46,274 shares (13,660 fully paid, 32,614 partly paid), cutting stake from 0.52% to 0.34%
Transactions were executed in the open market between 19-08-2026 and 21-08-2026

💡 Track upcoming quarterly shareholding patterns to assess whether overall promoter group holdings stabilize or continue to see trimming.

Ace Software Fixes Aug 26 Record Date for ₹16.55 Cr First Call on 54.71 Lakh Shares

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 18 Aug 2026, 05:50 PM

Ace Software Exports has approved the first call of ₹30.25 per partly paid-up equity share on 54,71,101 outstanding shares, setting August 26, 2026 as the record date. The call comprises ₹2.75 towards face value and ₹27.50 towards securities premium, resulting in an aggregate fund inflow of approximately ₹16.55 crore. These shares were originally allotted on December 19, 2025, under the company's rights issue. The ₹16.55 crore receipt represents approximately 28.5% of the company's TTM revenue of ₹58 crore.

First call amount fixed at ₹30.25 per share (₹2.75 face value + ₹27.50 securities premium)
Applies to 54,71,101 partly paid-up equity shares (ISIN IN9849B01026), totaling ~₹16.55 crore
Record date set for Wednesday, August 26, 2026, to determine eligible shareholders for call notice
Shares were previously allotted on December 19, 2025, on a rights basis with ₹4.50 initially paid up

💡 Holders of partly paid-up shares must note the August 26, 2026 record date and watch for the subsequent dispatch of call notices and payment deadlines to avoid forfeiture.

Ace Software Approves First Call of ₹30.25 Per Share on 54.71 Lakh Partly Paid Shares (~₹16.55 Cr)

🟡 NEUTRAL ⭐ 5/10

FUNDRAISE 📅 18 Aug 2026, 05:44 PM

Ace Software Exports has approved making the First Call of ₹30.25 per partly paid-up equity share on 54,71,101 shares allotted via its rights issue in December 2025. Of the ₹30.25 call, ₹2.75 is allocated toward face value and ₹27.50 toward securities premium, totaling an inflow of approximately ₹16.55 crore (representing ~28.5% of TTM revenue of ₹58 crore). The record date to determine eligible partly paid shareholders is set for August 26, 2026. The call payment window will remain open from September 2, 2026 to September 16, 2026.

First Call amount fixed at ₹30.25 per share (₹2.75 face value + ₹27.50 securities premium)
Applicable on 54,71,101 partly paid-up equity shares (total collection of ~₹16.55 crore)
Record date for determining eligible holders is August 26, 2026
Call payment period scheduled from September 2, 2026 to September 16, 2026

💡 Holders of partly paid-up shares (ISIN IN9849B01026) must ensure payment of ₹30.25 per share during September 2–16, 2026 to avoid forfeiture or interest charges.

ACE Software acquires remaining 1.38% stake in Ace Infoworld for ₹8.02 Lakhs

🟡 NEUTRAL ⭐ 3/10

M&A 📅 13 Aug 2026, 10:40 PM

ACE Software Exports has completed the acquisition of the remaining 8,900 equity shares (1.38% stake) of its subsidiary, Ace Infoworld Private Limited, for a cash consideration of ₹8,02,246. This transaction makes Ace Infoworld a 100% wholly-owned subsidiary of the company. The target entity is small, reporting a turnover of ₹19 Lakhs in FY26, though this is a significant increase from ₹0.21 Lakhs in FY25. Given the deal size is less than 0.02% of ACE Software's market cap, the financial impact is negligible.

Acquisition of 8,900 equity shares representing the final 1.38% stake in the subsidiary.
Total cash consideration paid is ₹8,02,246.
Target company turnover grew from ₹0.21 Lakhs in FY25 to ₹19 Lakhs in FY26.
Ace Infoworld Private Limited is now a 100% wholly-owned subsidiary.
The transaction was completed on August 13, 2026.

💡 Investors should view this as a routine corporate restructuring to simplify ownership. Watch for future quarterly results to see if the subsidiary's revenue continues its growth trajectory from a small base.

Board meeting on Aug 18 to discuss call money for 54.71 lakh partly paid-up shares

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 13 Aug 2026, 11:50 AM

ACE Software Exports Ltd has scheduled a board meeting for August 18, 2026, to finalize the call money payment for 54,71,101 partly paid-up equity shares. These shares were originally issued on a rights basis and allotted on December 19, 2025. The company, which has a market capitalization of Rs 328 Cr and TTM revenue of Rs 57 Cr, is moving to convert these into fully paid-up shares. This is a procedural step to collect the remaining capital from the previous rights issue.

Board meeting scheduled for August 18, 2026, to approve call money matters.
Relates to 54,71,101 partly paid-up equity shares of face value Rs 10 each.
Shares were originally allotted on December 19, 2025, following a rights issue.
The rights issue was conducted pursuant to a Letter of Offer dated November 14, 2025.

💡 Investors holding partly paid-up shares should watch for the post-meeting announcement regarding the specific call amount per share and the payment deadline to avoid potential forfeiture.

₹60.18 Cr Rights Issue: Ace Software reports zero deviation in fund utilization for Q1 FY27

🟡 NEUTRAL ⭐ 4/10

FUNDRAISE 📅 13 Aug 2026, 11:42 AM

Ace Software Exports confirmed zero deviation in the utilization of its ₹60.18 crore Rights Issue proceeds for the quarter ended June 30, 2026. The company has received ₹27.08 crore as application money (₹49.50 per share), with ₹33.10 crore still to be called from shareholders. Major deployments include ₹12.558 crore for the acquisition and investment in Theia Education and ₹3.00 crore for QeMFG. The monitoring agency, Brickwork Ratings, and the Audit Committee have reviewed and approved the utilization report.

Total Rights Issue size of ₹60.18 crore, representing approximately 105% of TTM revenue.
₹27.08 crore collected as application money; ₹33.10 crore remains to be called from shareholders.
₹12.558 crore fully utilized for the acquisition and additional investment in Theia Education Private Limited.
₹3.00 crore invested in QeMFG Private Limited out of a total planned allocation of ₹10.00 crore.
Zero funds utilized so far for the 'QeMatic' robotic automation brand out of the ₹4.00 crore allocation.

💡 Investors should monitor the timeline for the 'call money' notice for the remaining ₹60.50 per share and track the execution of the robotic automation (QeMatic) project which has yet to see fund deployment.

0.74% Stake Sale by Promoter Group Member Vaishali Amit Mehta in Open Market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 10:58 AM

Vaishali Amit Mehta, a member of the promoter group of Ace Software Exports Ltd, sold 1,34,379 shares between August 4 and August 11, 2026. The sale included 42,120 fully paid-up and 92,259 partly paid-up equity shares, representing 0.74% of the diluted share capital. Following this open market transaction, the seller's diluted stake has decreased from 5.05% to 4.32%. This occurs against a backdrop where total promoter holding has already declined from 68.21% in June 2025 to 61.92% in March 2026.

Sale of 1,34,379 total shares (42,120 fully paid and 92,259 partly paid) via open market
Reduction of 0.74% in diluted shareholding during the period August 4 to August 11, 2026
Post-transaction holding of the seller stands at 7,87,306 shares or 4.32% on a diluted basis
Total diluted share capital of the company is 1,82,37,005 equity shares

💡 Investors should monitor the promoter holding trend in the next quarterly shareholding pattern to see if the broader promoter group continues to reduce its stake.

0.55% stake sold by promoter group member Vaishali Amit Mehta in open market

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 10:56 AM

Vaishali Amit Mehta, a member of the promoter group, sold 1,34,379 shares of Ace Software Exports between August 4 and August 11, 2026. The transaction involved 42,120 fully paid-up and 92,259 partly paid-up equity shares, representing 0.55% of the total voting capital. Following this open-market sale, the seller's individual holding has decreased from 4.94% to 4.39%. This divestment occurs against a backdrop where total promoter holding has already declined from 68.21% in June 2025 to 61.92% in March 2026.

Total of 1,34,379 shares sold via open market transactions on the BSE.
Stake reduction of 0.55% based on total voting capital (0.74% on a diluted basis).
Seller's remaining stake stands at 7,87,306 shares or 4.39% of the company.
Transaction period spanned 8 days from August 4, 2026, to August 11, 2026.

💡 Investors should monitor the upcoming quarterly shareholding patterns to see if this divestment is part of a broader trend among the promoter group, given the ~6% drop in promoter holding over the last year.

0.74% Stake Sale by Promoter Group Member Vaishali Amit Mehta in Open Market

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Aug 2026, 10:54 AM

Vaishali Amit Mehta, a member of the promoter group of Ace Software Exports Ltd, sold 1,34,379 shares between August 4 and August 11, 2026. The disposal included 42,120 fully paid-up shares and 92,259 partly paid-up shares via open market transactions. This sale represents 0.74% of the company's diluted share capital, reducing the individual's holding from 4.94% to 4.39%. This transaction occurs against a backdrop of declining promoter holding, which decreased from 68.21% in June 2025 to 61.92% in March 2026.

Sale of 1,34,379 shares representing 0.74% of the diluted share capital of the company.
Transaction executed in the open market between 04-08-2026 and 11-08-2026.
Seller's post-transaction holding reduced to 7,87,306 shares or 4.39% of total share capital.
Disposal included 92,259 partly paid-up equity shares with a paid-up value of Rs 4.50 per share.
Total diluted share capital of the company stands at 1,82,37,005 equity shares.

💡 Investors should monitor the upcoming shareholding patterns to see if the broader promoter group continues to reduce their stake, as the total promoter holding has already dropped by over 6% in the last year.

0.74% Stake Sale by Promoter Group Member Vaishali Amit Mehta

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 13 Aug 2026, 10:53 AM

Vaishali Amit Mehta, a member of the promoter group of Ace Software Exports Ltd, sold 1,34,379 shares between August 4 and August 11, 2026. The sale included 42,120 fully paid-up and 92,259 partly paid-up equity shares via the open market. This transaction reduced her diluted holding from 5.05% to 4.32%. Given the company's small market cap of Rs 328 Cr and high P/E of 73.7, such insider movements are worth noting but this specific sale is relatively small.

Total of 1,34,379 shares sold, representing 0.74% of the diluted share capital
Sale conducted in the open market between 04-08-2026 and 11-08-2026
Post-transaction holding reduced to 7,87,306 shares or 4.32% on a diluted basis
The disposal included 92,259 partly paid-up equity shares (Scrip Code: 890230)

💡 Investors should monitor the quarterly shareholding patterns to see if this divestment is part of a broader trend among the promoter group, which held 61.92% as of March 2026.

₹14.29 Cr Con solid a t e d Rev e n u e i n Q1 F Y27; P A T Rem a i n s F l a t a t ₹1.18 C r

🟡 N E U T R A L ⭐ 5/10

E A R N I N G S 📅 31 Jul 2026, 06:42 PM

A C E Sof t w a r e E x p o r t s r ep o r t e d a c o n s olid a t e d r ev e n u e o f ₹14.29 C r f o r Q1 F Y27, a 7.9% Y o Y i n c r ea s e f r o m ₹13.25 C r. C o n s olid a t e d P r o f i t A f t e r T a x (P A T) s t oo d a t ₹1.18 C r, s lig h t l y d o w n f r o m ₹1.22 C r i n t h e p r ev i o u s y ea r d u e t o i n v es t m en t s i n A I a n d d i g i t a l p l a t f o r m s. S t a n d a l o n e p er f o r m a n c e w a s s t r o n g e r w i t h P A T g r o w i n g 42.7% Y o Y t o ₹0.84 C r. T h e c o m p a n y h a s r et u r n e d t o p r o f i t a b i l i t y a f t e r a c o n s olid a t e d n e t l o s s i n t h e p r ev i o u s q u a r t e r (Q4 F Y26).

Con solid a t e d r ev e n u e g r ew 7.9% Y o Y t o ₹14.29 C r f o r t h e q u a r t e r e n d e d J u n e 30, 2026
St a n d a l o n e P r o f i t B ef o r e T a x (P B T) i n c r ea s e d b y 42.7% Y o Y t o ₹0.84 C r
Con solid a t e d P A T r ec o v er e d t o ₹1.18 C r f r o m a l o s s o f ₹0.34 C r i n Q4 F Y26
Man a g e m en t c o n f i r m e d o n g o i n g s t r a t e g i c i n v es t m en t s i n A I, S a a S, a n d p r o p r i et a r y I P
Com p a n y i s a c t i v e l y ev a l u a t i n g s t r a t e g i c a c q u i s i t i o n s a n d p a r t n er s h i p s t o s u p p o r t g r o w t h

💡 Wat c h f o r m a r g i n i m p r o v e m en t s i n s u b s eq u en t q u a r t e r s a s t h e c o m p a n y p i v o t s t o w a r d s A I a n d S a a S. M o n i t o r a n y f u r t h e r d i s c l o s u r e s r eg a r d i n g p o t e n t i a l a c q u i s i t i o n s w h i c h c o u l d i m p a c t t h e c a s h r es er v e s a n d d eb t p r o f i l e.

Rs 1.18 Cr Consolidated PAT for ACE Software in Q1 FY27, Recovers from Previous Quarter Loss

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 31 Jul 2026, 06:26 PM

ACE Software Exports reported a consolidated revenue of Rs 14.29 Cr for the quarter ended June 30, 2026, representing a 7.8% growth YoY. The company successfully returned to profitability with a Net Profit of Rs 1.18 Cr, a significant recovery from the Rs 0.34 Cr loss reported in the preceding March 2026 quarter. This turnaround was primarily driven by a 20% QoQ reduction in employee benefit expenses, which fell to Rs 6.84 Cr. Despite the QoQ recovery, Net Profit was slightly lower than the Rs 1.22 Cr reported in the same quarter last year.

Consolidated Revenue from operations stood at Rs 14.29 Cr, up 7.8% compared to Rs 13.25 Cr in June 2025.
Net Profit reached Rs 1.18 Cr, reversing a loss of Rs 0.34 Cr in the previous quarter (Q4 FY26).
Employee benefit expenses decreased significantly to Rs 6.84 Cr from Rs 8.56 Cr in the previous quarter.
Basic EPS for the quarter improved to Rs 0.65 from a negative Rs 0.25 in the sequential quarter.
Total Comprehensive Income for the quarter was reported at Rs 1.23 Cr.

💡 Investors should monitor if the company can maintain this lower cost structure, particularly in employee expenses, to sustain profitability in upcoming quarters.

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