The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Mansukhlal Mehta
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Promoter and Promoter Group of Ace Software Exports Limited, led by Amit Mansukhlal Mehta (MD & CEO), acquired 25,16,615 partly paid-up equity shares through allotment in the company's Rights Issue on December 19, 2025. In absolute terms, promoter holdings rose from 87,31,178 shares to 1,12,47,793 shares. However, because the Rights Issue also enlarged the total share base (fully paid shares of 1,27,65,904 plus 54,71,101 partly paid shares), the promoter group's percentage holding actually diluted from 68.39% (pre-issue) to 61.68% (post-issue). The disclosure was triggered because the change exceeded the 2% threshold of post-issue share capital.
Positive signal of promoter confidence — the promoter group participated meaningfully in the Rights Issue to maintain majority control. However, their percentage stake has now come down closer to the 50% threshold, which reduces promoter cushion and slightly increases takeover vulnerability going forward.