This is to inform that the Company has invested Rs. 4 Crores in the Equity Shares of the AQE Tecthtools Private Limited, wholly owned subsidiary of the Company.
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ACE Software Exports has invested Rs. 4 Crores (₹4,00,00,000) in its wholly owned subsidiary AQE Techtools Private Limited by subscribing to 4,00,000 equity shares at a face value of Rs. 10 each. The money came from the net proceeds of the company's own Rights Issue (Letter of Offer dated December 4, 2024). Since AQE Techtools is already a 100% subsidiary, there is no change in shareholding — the company remains the full owner. AQE Techtools was incorporated in July 2024, has not started operations yet, and focuses on developing digital products such as software, web, mobile, and SaaS-based solutions. The shares were allotted on April 16, 2025.
This is an internal capital infusion into a subsidiary and does not change the company's ownership structure. The deployment of Rights Issue proceeds signals the company is putting raised funds to work in its digital products business, though the subsidiary is pre-revenue so any financial benefit is forward-looking.