Description

ACE SOFTWARE EXPORTS LTD announces rights issue of 3 equity shares for every 7 shares held at Rs.110 per share, with record date November 20, 2025.

Summary

ACE SOFTWARE EXPORTS LTD (BSE Code: 531525) has announced a rights issue with record date set for November 20, 2025. Eligible shareholders will be offered 3 equity shares of Rs.10 face value each for every 7 equity shares held, at an issue price of Rs.110 per share (including premium of Rs.100). The shares will trade on ex-rights basis from November 20, 2025 (Settlement No. DR-760/2025-2026).

Key Points

  • Rights entitlement: 3 new equity shares for every 7 existing shares held
  • Face value: Rs.10 per share
  • Premium: Rs.100 per share
  • Total issue price: Rs.110 per share
  • Payment structure: Rs.49.50 on application, Rs.60.50 on subsequent call(s)
  • Record date: November 20, 2025
  • Ex-rights trading begins: November 20, 2025
  • Settlement number: DR-760/2025-2026
  • Segment: Dematerialised Securities - Rolling Settlement

Regulatory Changes

No regulatory changes announced. This is a standard corporate action notification.

Compliance Requirements

  • Trading members must execute all transactions on ex-rights basis from November 20, 2025
  • Only shareholders on record as of November 20, 2025 will be eligible for the rights issue
  • Trading members are required to take note of the ex-rights trading arrangement

Important Dates

  • November 17, 2025: Circular issued
  • November 20, 2025: Record date for rights issue eligibility
  • November 20, 2025: Ex-rights trading begins (Settlement DR-760/2025-2026)

Impact Assessment

Shareholder Impact: Existing shareholders holding shares on the record date will receive rights to subscribe to new shares at a ratio of 3:7. The staggered payment structure (application money and subsequent calls) provides flexibility in fund deployment.

Market Impact: The stock will trade ex-rights from November 20, 2025, which typically results in price adjustment to reflect the dilution. Trading members must ensure proper handling of ex-rights transactions.

Dilution: The rights issue will result in equity dilution, with the exact percentage depending on subscription levels. The rights ratio of 3:7 represents approximately 42.86% potential increase in share capital if fully subscribed.

Impact Justification

Rights issue affects existing shareholders with specific entitlement ratio and payment structure requiring shareholder action