Monitoring Agency Report for the quarter ended December 31, 2025 - in relation to the Rights Issue of Ace Software Exports Limited
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ace Software Exports filed its first Monitoring Agency Report from Brickwork Ratings for the Rights Issue that ran from November 28 to December 18, 2025. The total Rights Issue size is Rs 60.18 crore, but only Rs 27.08 crore has been received so far as partly paid-up equity at Rs 49.50 per share on 54.71 lakh shares. As of December 31, 2025, zero rupees have been deployed across any of the eight planned objects, and the entire collected amount sits idle in an ICICI Bank monitoring account. The Monitoring Agency confirmed no deviation from the stated objects and no material issues. The company has until FY 2026-27 to utilize the funds across investments in QeMFG, Theia Education, the QeMatic robotics brand, global expansion, organizational transformation, and general corporate purposes.
Neutral in the short term — the Rights Issue closed only recently, so zero deployment is expected. Shareholders should track subsequent quarterly reports to ensure timely utilization of the Rs 27+ crore raised, especially the Rs 19.84 crore earmarked for general corporate purposes which gives management wide discretion.