Proceedings of 31st Annual General Meeting of the Company held on September 30, 2025
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Ace Software Exports Limited held its 31st Annual General Meeting on September 30, 2025, in Rajkot from 11:00 a.m. to 11:30 a.m., chaired by Vikram B. Sanghani. Shareholders were asked to vote on 14 resolutions covering adoption of FY25 audited financial statements, re-appointment of a retiring director, increase in authorized share capital, shifting of registered office, alteration of the Main Object and adoption of a new Memorandum of Association, revision in remuneration of MD & CEO Amit M. Mehta, introduction of a new ESOP scheme ('ASEL - ESOP 2025') and its extension to subsidiary employees, appointment of a new Secretarial Auditor for five years (FY26-FY30), higher investment and lending limits, and three material related-party transactions involving QeDigital Australia Pty Ltd, QeCAD Studio and QeNomy Digital LLP. Remote e-voting ran from September 27 to September 29, 2025, and the scrutinizer was CA Rajan Bhimani. Actual voting results were not included in this filing and are to be declared within 48 hours of meeting conclusion.
The agenda signals a strategic expansion phase — new ESOP scheme, higher authorised capital, relaxed investment limits and new overseas related-party deals suggest growth and possible fundraising or acquisitions ahead. Shareholders should watch for the detailed voting results, especially on the ESOP, MD remuneration revision and material related-party transactions, as these directly affect dilution, promoter payouts and conflict-of-interest exposure.