Submission of Pre-Issue Advertisement with respect to the Rights Issue of Ace Software Exports Limited
Price
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Ace Software Exports Ltd has submitted to BSE the pre-issue advertisement for its upcoming Rights Issue, published in Financial Express (English), Jansatta (Hindi), and Financial Express (Gujarati). The company is issuing up to 54,71,101 partly paid-up equity shares of face value ₹10 at a price of ₹110 per share (including a ₹100 premium), aiming to raise up to ₹6,018.21 lakhs (approximately ₹60.18 crore). Eligible shareholders as of the record date of November 20, 2025 can subscribe in the ratio of 3 Rights shares for every 7 fully paid-up shares held. The issue opens on November 28, 2025 and closes on December 15, 2025, with the last date for renunciation being December 10, 2025. Promoters Vikram Sanghani, Sanjay Dhamsania, and Amit Mehta may subscribe to their entitlement and additional shares, but the under-subscribed portion will not be allotted to specific investors.
Existing shareholders of Ace Software Exports must decide before December 15, 2025 whether to subscribe, renounce, or let their rights entitlements lapse. The issue price is set at 11 times face value, and dilution of around 43% will occur if fully subscribed, which may weigh on the stock price near record date but offers existing holders a chance to maintain their proportional ownership.