Board Meeting3 Sept 2026, 05:40 pm
ACE Software Exports Ltd Board Approves Rights Issue, Acquisition
AI Summary
ACE Software Exports Ltd's Board of Directors convened on September 3, 2026, approving several key resolutions. These include alterations to the utilization objects for the net proceeds of its Rights Issue and modifications to the payment terms for outstanding calls on partly paid-up equity shares. The company also approved the execution of a Share Purchase Agreement to acquire 10,000 equity shares of QeApps Private Limited at ₹12,000 per share, which will make QeApps a wholly-owned subsidiary. Additionally, the Board finalized agenda items for the upcoming Annual General Meeting scheduled for September 28, 2026, including arrangements for remote e-voting.
Key Highlights
- Board approved changes to Rights Issue proceeds utilization.
- Terms for partly paid-up shares' outstanding calls modified.
- Acquisition of QeApps Private Limited approved, to become WOS.
- AGM scheduled for September 28, 2026, with e-voting facility.
- First Call on partly paid-up shares made from Sep 2-16, 2026.
Price Impact
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