StockWatch
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Software Products
Rights Issue30 May 2026, 07:32 pm

ACE Software: No Deviation in Rights Issue Proceeds Use

AI Summary

ACE Software Exports Ltd reports no deviation or variation in the use of proceeds from its Rights Issue for the quarter ended March 31, 2026. The funds raised, totaling ₹60.18 Crore, were intended for various purposes, including investments in QeMFG Private Limited, strategic initiatives, robotic automation solutions, organizational transformation, acquisitions, and general corporate purposes. The Audit Committee and auditors have reviewed and found no deviations from the stated objectives in the Letter of Offer dated November 14, 2025.

Key Highlights

  • ACE Software confirms no deviation in Rights Issue proceeds utilization for Q1 2026.
  • Rights Issue raised ₹60.18 Crore with ₹27.08 Crore received on application.
  • Funds allocated to investments, strategic initiatives, and general corporate purposes.
  • Audit Committee and auditors found no deviations or variations.
  • Monitoring Agency Brickwork Ratings India Private Limited is applicable.