The Board of Directors at their meeting held on September 26, 2025 considered and approved raising of funds by way of offer and issuance of partly paid up equity shares of the Company for ....
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Ace Software Exports' board approved a Rights Issue of partly paid-up equity shares (face value ₹10) to raise up to ₹7,200 Lakhs (₹72 Crores) from existing eligible shareholders, with pricing, entitlement ratio, and record date to be decided later by a Fund-Raising Committee. Separately, the board approved acquiring a 70% stake in Theia Education Pvt Ltd (TEPL), an AI-driven Ed-Tech company incorporated in 2023, for a total cash consideration of about ₹12.56 Crores (₹5.52 Cr via preferential subscription of 1.6 lakh shares at ₹345 and ₹7.04 Cr via purchase of 2.04 lakh shares at ₹345 from existing shareholders). TEPL's turnover stood at ₹100.66 Lakhs in FY25, down from ₹197.88 Lakhs in FY24, indicating a decline in revenue. The acquisition is expected to complete within one year and is aimed at diversifying Ace Software into the fast-growing Ed-Tech sector.
For shareholders, the Rights Issue will require additional capital commitment to maintain their stake, while the TEPL acquisition represents a diversification move into Ed-Tech/AI, though the target's declining revenue and small size (₹1 Cr turnover) make the strategic value uncertain. The stock may see short-term dilution pressure from the partly paid-up share issuance and the acquisition price implies a premium valuation for a loss-making or small-revenue startup.