Ace Software Exports Limited Receives First Call on 50.37 Lakh Shares

Ace Software Exports Limited received first-call money of ₹30.25 per partly paid-up share for 50.37 lakh rights shares, as confirmed by its Fund-Raising Committee on September 23, 2026. The update advances the payment process for shares issued under the company’s rights issue, while action on unpaid call money remains pending.

What did Ace Software Exports confirm on the first call money?

Ace Software Exports confirmed that it had received the first call money on 50,36,721 partly paid-up equity shares. The call amount was ₹30.25 per share. Following receipt of this amount, the company said the paid-up value of these shares was updated to ₹7.25 per share, with ₹72.50 per share recorded as securities premium.

The shares are to be credited in the respective depository accounts, subject to the required approvals. The disclosure does not state that every partly paid-up share issued under the rights offer has received the call amount. Instead, it specifies the number of shares for which payment was confirmed by the Fund-Raising Committee.

Based on the stated call amount and the number of shares, the receipts associated with the confirmed shares amount to about ₹15.24 crore. This is a calculation from the disclosed ₹30.25 per share first call and 50,36,721 shares, rather than a separately announced aggregate collection figure.

How did the rights issue create the first-call obligation?

The first call arises from Ace Software Exports’ rights issue of partly paid-up equity shares. Under the offer document dated November 14, 2025, the company offered up to 54,71,101 rights equity shares at ₹110 each, including a ₹100 premium and ₹10 face value. The offer size was up to ₹60.18 crore.

Eligible shareholders received an entitlement of three rights shares for every seven fully paid-up shares held on the record date of November 20, 2025. Because the shares were partly paid-up, shareholders were required to pay the issue amount in stages rather than paying the full ₹110 at allotment.

The board subsequently approved a first call of ₹30.25 on 54,71,101 partly paid-up shares that had been allotted on December 19, 2025. It also fixed the record date and payment period for this call. The September 2026 committee update is therefore an execution-stage disclosure on payments received under that earlier board decision.

The company had also completed a separate rights issue process in 2024. That offer involved up to 64 lakh partly paid-up shares at ₹78 each, aggregating to up to ₹49.92 crore, with an entitlement ratio of one share for every one fully paid-up share held as of December 5, 2024.

What happens to shares with unpaid first call money?

Ace Software Exports said its board would decide the further course of action for unpaid first call money and issue notices to the relevant shareholders. The supplied disclosures do not specify the number of shares for which the first call remains unpaid, the date of a proposed notice, or whether any forfeiture action will be initiated.

This pending decision matters because partly paid-up shares carry payment obligations set out in the rights issue terms. Shareholders that paid the call are set to have the relevant amounts reflected in the paid-up capital and securities premium of their shares, subject to approvals and depository credit. Shareholders with outstanding obligations will need to await the company’s formal communication.

For investors, the update separates the original number of shares covered by the board-approved call from the number on which payment had been confirmed by September 23, 2026. It also indicates that the rights issue remains operationally active until the company completes the treatment of unpaid calls and associated administrative steps.

The company’s share-price information in the supplied material showed partly paid-up shares at ₹135, down ₹3.80 or 2.74%. No date was attached to that price snapshot, and the disclosure does not attribute the movement to the first-call announcement.

What other funding and investment actions has Ace Software Exports disclosed?

Ace Software Exports has disclosed several capital-raising and investment proposals alongside its rights issue activity. On September 26, 2025, the board approved raising up to ₹72 crore through a rights issue of partly paid-up equity shares, subject to applicable laws and with terms to be set by the Fund-Raising Committee.

The committee was authorised to determine the issue price, rights entitlement ratio, record date, opening and closing dates, subscription conditions, and the appointment of intermediaries. Such delegated authority is common in rights issues because the final commercial terms and timetable are set after the board approves the broad fundraising framework.

Separately, the company approved agreements relating to Theia Education Private Limited. The proposed transaction covers the purchase of 2,04,000 equity shares from certain sellers at ₹345 per share and a subscription to 1,60,000 new shares through a preferential allotment at the same price. The disclosed subscription component totals ₹5.52 crore.

The company has also referred to proposed acquisitions of 35.05% stakes in two UK energy businesses through a ₹10.76 crore preferential share issue and ₹97.60 lakh in cash. The supplied information identifies these as proposed stakes and does not provide completion details, financial contribution, or closing dates.

Conclusion

The September 23, 2026 confirmation shows that Ace Software Exports has received ₹30.25 per share in first-call money for 50.37 lakh partly paid-up rights shares. The receipt moves those shares toward depository credit and updates their paid-up and premium components, while the company continues to administer the wider rights issue.

The next disclosed matter to watch is the board’s decision on outstanding first-call payments and the notices it plans to issue to affected shareholders. Investors can also monitor subsequent filings for depository credit, any action on unpaid calls, and progress on the company’s disclosed Theia Education and UK energy investment proposals.