Ace Software completes QeApps acquisition for Rs.12 crore

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Nifty Microcap 250market · in no size index; the smallest one is used-1.0%-2.5% vs market

Software Products peers, median of 39sector-2.0%-1.5% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.5 pts less than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Ace Software Exports has fully acquired QeApps Private Limited for Rs.12 crore, making it a wholly owned subsidiary. QeApps builds Shopify apps with Rs.95 lakh FY26 revenue. The company also invested Rs.1 crore in QeLearn (ed-tech) and Rs.7 crore in QeMFG (IT), both already wholly owned. Total Rs.20 crore deployed from Rights Issue proceeds. The QeApps deal is a related party transaction done at arm's length.

Likely market impact

Expands IT and ed-tech footprint via wholly owned subsidiaries; deployed Rs.20 crore from Rights Issue proceeds. Watch QeApps revenue contribution.