Ace Software Exports Limited has completed acquisition of 10,000 equity shares, representing 100% of fully diluted equity share capital of QeApps Private Limited. As a result, QeApps Private Limited has become wholly owned subsidiary of the Company. The Company has further invested in QeMFG Private Limited and QeLearn Private Limited.

October 21, 2026 The Manager Department of Corporate Services, BSE Limited 25th Floor, P.J. Towers, Dalal Street Fort, Mumbai- 400001, Maharashtra BSE Code: 531525 Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI (LODR) Regulations”) Ref: Outcome of Board Meeting of Ace Software Exports Limited dated September 03, 2026 Dear Sir/Ma’am, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we would like to inform that the Ace Software Exports Limited (“Company”) has successfully completed the acquisition of the 10,000 equity shares, representing 100% of the fully diluted equity share capital of QeApps Private Limited (“QeApps”), for a total consideration of ₹12,00,00,000/- (Rupees Twelve Crores Only). Consequently, QeApps has become a wholly owned subsidiary of the Company. Further, the Company has made the following investments in its existing wholly owned subsidiaries. 1. QeLearn Private Limited (formerly known as Theia Education Private Limited): An investment of ₹1,00,00,000/- (Rupees One Crore Only). 2. QeMFG Private Limited: An investment of ₹7,00,00,000/- (Rupees Seven Crores Only). Since and QeLearn Private Limited and QeMFG Private Limited are wholly owned subsidiaries of the Company, the aforesaid investments do not result in any change in the Company's shareholding percentage in either subsidiary. The aforesaid acquisition and investments have been funded out of the net proceeds of the Rights Issue, in accordance with the objects specified in the Letter of Offer dated November 14, 2025, as revised pursuant to the approval of the shareholders at the 32nd Annual General Meeting of the Company held on September 28, 2026. The details required under the SEBI Listing Regulations read with the SEBI Master Circular HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure-A, B & C to this letter. The aforementioned information shall also be available on the Company's website www.acesoftex.com. This is for your Information and record. Thanking You, Yours Faithfully, For, Ace Software Exports Limited Mansi Patel Company Secretary & Compliance Officer Encl. As above Annexure-A Disclosure under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sr. Particulars Details 1 The name of the target entity, details QeApps LLP (“QeApps”) (LLPIN: ACC-8887) was in brief such as size, turnover etc.; incorporated as a Limited Liability Partnership under the Limited Liability Partnership Act, 2008 vide Certificate of Brief background about the entity Incorporation dated September 06, 2023. Subsequently, acquired in terms of products/line QeApps LLP was converted to QeApps Private Limited vide of business acquired, date of a fresh certificate of incorporation dated May 04, 2025. The incorporation, history of last 3 years registered office of the Company is situated at 811-812, turnover, country in which the Aalap B, Limda Chowk, Rajkot – 360001. The CIN of the acquired entity has presence and any Company is U62011GJ2025PTC162448. other significant information (in brief) The turnover (i.e., Revenue from Operation) of QeApps Private Limited for the last two financial years are as under: Financial year 2025-26 – 95 Lakhs Financial year 2024-25 – 65 Lakhs QeApps is a technology and software solutions provider specializing in the development of innovative applications for the e-commerce ecosystem, particularly the Shopify platform. It offers a portfolio of 20+ Shopify applications covering solutions such as product bundling, upselling and cross-selling, checkout optimization, multi-address shipping, customer engagement and other e-commerce requirements. The Company’s applications are designed to help merchants enhance store functionality, improve operational efficiency and deliver better customer experiences, with a growing global presence across more than 15 countries and over 10,000 active installations 2 Whether the acquisition would fall Yes, the acquisition falls within the purview of related party within related party transaction(s) transactions, as certain members of the Promoter and and whether the promoter/ promoter Promoter Group of the Company are also shareholders of group/ group companies have any QeApps Private Limited. interest in the entity being acquired? If yes, nature of interest and details The transaction has been undertaken at arm’s length, taking thereof and whether the same is done into consideration the valuation report issued by Jigar P. at “arm’s length”; Shah, Chartered Accountant, and the requisite approval of the shareholders, in accordance with applicable laws. 3 The industry to which the entity being Information Technology (IT) and Software Services acquired belongs; industry. 4 The objects and effects of acquisition The acquisition is aimed at expanding the Company’s (including but not limited to, business operations and enhancing its capabilities by disclosure of reasons for acquisition of leveraging the resources, expertise and opportunities of the target entity, if its business is outside target entity and to acquire complete ownership and control the main line of business of the of the entity. The acquisition is in line with the Company’s Company) existing IT and software business. 5 The brief details of any governmental Not Applicable or regulatory approvals required for the acquisition; 6 The indicative time period for October 20, 2026 completion of the acquisition of shares 7 The nature of consideration – whether Cash Consideration cash consideration or share swap and details of the same 8 The cost of acquisition or the price at Consideration of ₹ 12,00,00,000/- (Rupees Twelve Crore which the shares are acquired; Only) has been paid for acquiring 10,000 equity shares of QeApps Private Limited. 9 The percentage of shareholding / The Company has completed the acquisition of 100% of the control acquired and / or number of equity share capital of QeApps Private Limited, making it a shares acquired; wholly owned subsidiary of the Company. Consideration paid:- ₹12,00,00,000/- (Rupees Twelve Crores Only) Annexure-B Disclosure under Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sr. Particulars Details 1 The name of the target entity, details in QeLearn Private Limited (Formerly known as Theia brief such as size, turnover etc.; Education Private Limited), a company incorporated in the year 2023 under the Companies Act, 2013 bearing CIN Brief background about the entity U85499GJ2023PTC141443 and having its registered office acquired in terms of products/line of at 6th Floor, 609- Solitaire Connect, Nr. Gallops Motors, business acquired, date of Makarba, S.G. Highway, Ahmedabad, Gujarat, 380051. incorporation, history of last 3 years turnover, country in which the The turnover (i.e., Revenue from Operation) of the QeLearn acquired entity has presence and any Private Limited for the last two financial years are as under: other significant information (in brief) Financial year 2025-26 – 123.47 Lakhs Financial year 2024-25 – 100.66 Lakhs Financial year 2023-24 – 197.88 Lakhs QeLearn Private Limited is a futuristic education company that uses artificial intelligence to enhance the learning process for both students and educators. It aims to create a responsive and intuitive learning ecosystem where AI adapts in real-time to the individual needs of each learner. It offers a range of programs ranging from building foundational skills in early lear [Showing first 8,000 characters — download PDF for full document]