Statement of Deviation or Variation for the quarter ended 30.06.2026

August 13, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Scrip Code: 531525/890230 Dear Sir / Madam, Sub.: Statement of Deviation or Variation in the use of proceeds of Right Issue of the Company for the quarter ended June 30, 2026. Pursuant to Regulation 32 of the SEBI (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, please find enclosed herewith a Statement of deviation(s)/ variation(s), for the quarter ended June 30, 2026, as reviewed and approved by the Audit Committee of the Company. We hereby confirm that there has been no deviation or variation for the quarter ended June 30, 2026 in the utilization of proceeds raised through the Rights Issue from the objects stated in the Letter of Offer dated November 14, 2025. A statement in this behalf is enclosed herewith. This intimation is also being uploaded on the Company’s website at www.acesoftex.com. You are requested to take the above information on record. Thanking you, Yours Faithfully, For, Ace Software Exports Limited Mansi Patel Company Secretary & Compliance Officer Statement of deviation(s) /variation(s) in the utilization of funds raised Name of listed entity Ace Software Exports Limited Mode of Fund Raising Right Issue Date of Raising Funds December, 19 2025 Amount Raised Rs. 60.18 Crore (The total Rights Issue size is Rs. 60.18 crore. Since the Rights Equity Shares were issued on a partly paid- up basis, an amount of Rs. 49.50 per Rights Equity Share has been received on application, aggregating to Rs. 27.08 crore. The balance amount of Rs. 60.50 per Rights Equity Share, aggregating to Rs. 33.10 crore, remains to be called) Report filed for Quarter ended 30th June, 2026 Monitoring Agency Applicable Monitoring Agency Name, if applicable Brickwork Ratings India Private Limited Is there a Deviation / Variation in use of funds No raised If yes, whether the same is pursuant to change in Not Applicable terms of a contract or objects, which was approved by the shareholders If Yes, Date of shareholder Approval Not Applicable Explanation for the Deviation / Variation Not Applicable Comments of the Audit Committee after review No Comments Comments of the auditors, if any No Comments Objects for which funds have been raised and where there has been a deviation, in the following table. Original Object Modified Original Modified Funds Amount of Remarks, Object, if Allocation allocation, Utilised Deviation/Variation if any any (in Cr) if any (in (in Cr) for the quarter Cr.) according to applicable object Investment in QeMFG Private Not 10.00 0.00 3.00 0.00 NIL limited (formerly AQE Techtools Applicable Private Limited) by way of subscription of equity shares; Investment in strategic initiatives Not 10.00 0.00 0.03 0.00 NIL towards global market expansion Applicable and brand building. Development, marketing and Not 4.00 0.00 0.00 0.00 NIL execution of robotic Applicable automation solutions under new brand, ‘QeMatic’ Investment in Organizational Not 3.40 0.00 0.07 0.00 NIL Transformation Program to elevate Applicable the Company from midmarket to an enterprise-grade professional technology organization; Acquisition of equity shares of Not 7.038 0.00 7.038 0.00 NIL Theia Education Private Limited Applicable from its existing shareholders; Additional investment in Theia Not 5.52 0.00 5.52 0.00 NIL Education Private Limited by way Applicable of subscription of equity shares Funding of General Corporate Not 19.84 0.00 5.49 0.00 NIL Purposes and unidentified Applicable acquisitions. Issue Expenses Not 0.39 0.00 0.39 0.00 NIL Applicable Deviation or variation could mean: 1. Deviation in the objects or purposes for which the funds have been raised; or 2. Deviation in the amount of funds actually utilized as against what was originally disclosed; or 3. Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer, etc. For, Ace Software Exports Limited Mansi Patel Company Secretary & Compliance Officer