The Board of Directors of the Company has approved acquisition of 35.05% of post-issue equity share capital of MyUtilityGenius Limited and MyUtilityGenius Commercial Ltd

November 6, 2026 Department of Corporate Services, BSE Limited, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 BSE Code: 531525 / 890230 Sub: - Outcome of the meeting of the Board of Directors of Ace Software Exports Limited (“the Company”) held on Friday, November 6, 2026 Ref.: Regulation 30 and 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended (“SEBI LODR Regulations”). Dear Sir / Madam, In continuation to our letter dated November 3, 2026 and in accordance with provisions of Regulation 30 and 42 of the SEBI LODR Regulations, we would like to inform you that the Board of Directors of the Company, at its meeting held today i.e. Friday, November 6, 2026, has inter alia considered and approved the following: 1. Considered and approved Unaudited Financial Result- Standalone and Consolidated for the quarter ended 30th September, 2026 which are enclosed along with Limited Review Report issued by the Statutory Auditor of the Company. 2. Approved making of Second and Final Call Money and reminder for payment of First Call Money: a) Approved making of Second and Final Call of ₹ 30.25/- (Rupees Thirty and Paisa Twenty Five Only) per partly paid-up equity shares (out of which ₹ 2.75 (Rupees Two and Paisa Seventy Five Only) will be adjusted towards face value and ₹ 27.50 (Rupees Twenty Seven and Paise Fifty Only) will be adjusted towards securities premium) on the outstanding 54,71,101 (Fifty-Four Lakh Seventy-One Thousand One Hundred and One) partly paid-up equity shares of the Company having a face value ₹ 10.00/- each and bearing ISIN No. IN9849B01034 (“Rights Equity Share(s)”) which were allotted on December 19, 2025 on a right basis pursuant to the Letter of Offer dated November 14, 2025 and subsequent receipt of First Call Money. b) Approved the issuance of the reminder notice for payment of the First Call Money in respect of 4,34,380 partly paid-up equity shares bearing ISIN: IN9849B01026. Accordingly, the shareholders holding such partly paid-up equity shares are required to pay ₹30.25 (Rupees Thirty and Paise Twenty-Five Only) per share towards the First Call and ₹30.25 (Rupees Thirty and Paise Twenty-Five Only) per share towards the Second and Final Call, aggregating to ₹60.50 (Rupees Sixty and Paise Fifty Only) per share. Out of each call amount of ₹30.25 per share, ₹2.75 (Rupees Two and Paise Seventy-Five Only) shall be adjusted towards the face value of the equity share and ₹27.50 (Rupees Twenty-Seven and Paise Fifty Only) shall be adjusted towards the securities premium. Accordingly, the Board approved the notice for payment of Second and Final Call and reminder for payment of First Call (“Second and Final Call Notice cum Reminder”) c) Fixed Friday, November 20, 2026 as the Record Date for the purpose of determining the shareholders of partly paid- up equity shares bearing ISIN No. IN9849B01026 and ISIN No. IN9849B01034 to whom Second and Final Call Notice cum Reminder is to be dispatched. d) Fixed the call payment period from Friday, November 27, 2026 to Friday, December 11, 2026, (Both day inclusive). Further details in relation to the Second and Final Call and pending First Call will be included in the Second and Final Call Notice cum Reminder that will be sent to the eligible equity shareholders in due course. 3. Execution of Share Purchase and Subscription Agreement for acquisition of 361 equity shares of MyUtilityGenius Limited (“MUG”), representing 35.05% of the post issue equity share capital of MUG, at a price of £ 420.09/- (Pound Four Hundred Twenty and Pence Nine Only) per equity share, for a total consideration of £ 151,652.38 (Pound One Hundred Fifty-One Thousand Six Hundred Fifty-Two and Pence Thirty-Eight Only) through primary and secondary acquisitions. The Board of Directors have approved the execution of Share Purchase and Subscription Agreement dated November 6, 2026 amongst the Company, MyUtilityGenius Limited (“MUG”) and Westbury Solutions Limited (“Seller”) for: a) Acquisition of 331 equity shares of face value of £1 (Pound One Only) each of MUG, a company incorporated in United Kingdom (“MUG Purchase Shares”), representing 32.14% of the equity share capital of MUG, from its existing shareholder namely Westbury Solutions Limited (“Seller”), at a price of £ 420.09/- (Pound Four Hundred Twenty and Pence Nine Only) per equity shares, aggregating to a total consideration of £ 139,049.79 (Pound One Hundred Thirty Nine Thousand Forty Nine and Pence Seventy Nine Only) [equivalent to ₹ 52,566.78 (Rupees Fifty Two Thousand Five Hundred Sixty Six and Paise Seventy Eight Only)) per share aggregating to ₹ 1,73,99,605.46 (Indian Rupees One Crore Seventy Three Lakhs Ninety Nine Thousand Six Hundred Five and Paisa Forty Six Only), at an exchange rate of ₹ 125.1333 per GBP (being RBI reference rate as on June 30, 2026)], by way of share swap consideration and b) Subscription of 30 equity shares of face value of £1 (Pound One Only) each of MUG, (“MUG Subscription Shares”), representing 2.91% of the equity share capital of MUG, at a price of £ 420.09/- (Pound Four Hundred Twenty and Pence Nine Only) per equity share, aggregating to a total consideration of £ 12,602.59 (Pound Twelve Thousand Six Hundred Two and Pence Fifty Nine Only), equivalent to ₹ 15,77,003.52 (Indian Rupees Fifteen Lakhs Seventy Seven Thousand Three and Paise Fifty Two Only) at an exchange rate of ₹ 125.1333 per GBP (being RBI reference rate as on June 30, 2026), payable in cash. The consideration payable for the acquisition of MUG Purchase Shares shall be discharged by way of issue and allotment of 72,820 (Seventy-Two Thousand Eight Hundred Twenty) fully paid-up equity shares of the Company having face value of ₹10 each at a price of ₹ 238/- (Indian Rupees Two Thirty-Eight) per equity share (“MUG Consideration Shares”), aggregating to to ₹ 1,73,31,160 (Indian Rupees One Crore Seventy-Three Lakhs Thirty-One Thousand One Hundred Sixty Only), on a preferential basis. The proposed transaction is being undertaken on an "arm's length basis", taking into account the valuation report issued by Den Valuation (OPC) Private Limited Registered Valuer (SFA) (Registration No.: IBBI/RV-E/06/2021/146), in accordance with the applicable laws. The acquisition of MUG Purchase Shares shall be subject to such regulatory /statutory approvals as may be required under applicable laws including the approval of the shareholders of the Company for issuance of Consideration Shares on a preferential basis for consideration other than cash. The information pursuant to Regulation 30 of SEBI LODR Regulations read with SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed as Annexure-A (Details of Acquisitions including agreement to acquire) to this letter. 4. Issuance and allotment of fully paid-up Equity Shares by way of Preferential Issue on a Private Placement Basis for consideration other than cash (“Preferential Issue”): Issuance of 72,820 (Seventy Two Thousand Eight Hundred Twenty) fully paid-up equity shares of the Company having face value of ₹ 10/- (Rupees Ten Only) each, (“MUG Consideration Shares”) at an issue price of ₹ 238/- (Rupees Two Hundred Thirty Eight Only) per share including premium of ₹228/- (Rupees Two Hundred Twenty Eight Only) per share, (which shall not be less than the floor price determined in accordance with Chapter V of the SEBI ICDR Regulations) aggregating to ₹ 1,73,31,160 (Indian Rupees One Crore Seventy Three Lakhs Thirty One Thousand One Hundred Sixty Only), to Westbury Solutions Limited, a company incorporated in United Kingdom (“Seller”) (being shareholder of MUG) on a preferential basis, for the consideration other than cash (being swap of Purchase Shares of MUG) towards the payment of the purchase consideration payable by the company to the Seller, for the acquisition of Purchase Shares, subject to the approval [Showing first 8,000 characters — download PDF for full document]