ACE Software Exports: No Deviation in Rights Issue Fund Use for Q1 FY27
ACE Software Exports Ltd has filed its Statement of Deviation or Variation for the quarter ended June 30, 2026, confirming no deviation in the utilization of proceeds from its Rights Issue. The company raised ₹60.18 crore through the Rights Issue in December 2025. As of the reporting quarter, ₹27.08 crore has been received, with ₹33.10 crore remaining to be called. The funds raised were intended for various strategic initiatives including investments in subsidiaries, market expansion, brand building, and product development. The Audit Committee and auditors have reviewed the statement and found no discrepancies. The company also confirmed that there has been no change in the terms of the contract or objects requiring shareholder approval.
Key Highlights
- No deviation reported in the utilization of Rights Issue proceeds for Q1 FY27.
- Total Rights Issue size was ₹60.18 crore, with ₹27.08 crore received to date.
- Funds were allocated for investments, market expansion, and product development.
- Audit Committee and auditors confirmed no deviations or variations.
- No change in original objects or terms requiring shareholder approval.
Price Impact
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