Ace Infoway Private Limited, a wholly owned subsidiary of the Company has received a contract for the development of the EV Charging Application and Kisok Interface Application from a leading ....
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Ace Infoway Private Limited, a wholly owned subsidiary of ACE Software Exports Ltd, has won a contract from a leading US-based EV Solutions Company to develop an EV Charging Application and Kiosk Interface Application. The total contract value is approximately Rs. 2 Crores (around USD 239,000). The work involves end-to-end software development and is to be completed on or before March 2026. The client is an international, unrelated entity, so there is no related party angle. ACE Software Exports is a small-cap IT services company, and this adds an EV-tech segment to its subsidiary's order book.
Positive but small in absolute size — a Rs. 2 Crore export order strengthens the subsidiary's pipeline in the EV technology space but is unlikely to move the stock materially on its own. May signal the company's intent to grow in EV-related software services.