Board of Directors of the Company at its meeting held on February 13, 2026 approved further investment in the Theia Education Private Limited.
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The board of Ace Software Exports approved buying an additional 1,56,000 equity shares of Theia Education Private Limited (TEPL) at ₹345 per share for a total cash consideration of about ₹5.38 crore. After this acquisition, TEPL — an AI-based Ed-Tech startup incorporated in 2023 — will become a 100% wholly owned subsidiary of Ace Software Exports, with completion expected within six months. Separately, the company reported strong Q3 FY26 consolidated results, with revenue from operations rising sharply to ₹1,488.84 lakhs (from ₹680.69 lakhs a year ago) and nine-month revenue at ₹4,214.51 lakhs versus ₹1,786.71 lakhs in the prior year period. Nine-month consolidated profit after tax stood at ₹478.83 lakhs, up from ₹422.89 lakhs. The acquisition is from non-related party shareholders, so no related-party conflict is involved.
The deal is small relative to the company's scale (₹5.38 crore for a loss-making Ed-Tech subsidiary) and signals a diversification move away from its core software exports business, but is unlikely to move the stock on its own. The strong Q3 revenue jump and recent rights issue are the more material developments for shareholders.