Description
BSE circular announcing the extension of ACE Software Exports Limited's rights issue closing date by 3 days to December 18, 2025, based on shareholder feedback to ensure seamless participation.
Summary
ACE Software Exports Limited (BSE Code: 531525) has extended its rights issue closing date by 3 days to Thursday, December 18, 2025. The extension, decided by the Fund-raising Committee based on shareholder feedback, aims to provide greater operational convenience and enable seamless participation for all investors. The issue period remains within the regulatory limit of 30 days from the opening date.
Key Points
- Rights issue closing date extended from December 15, 2025 to December 18, 2025
- Extension of 3 days based on feedback from multiple shareholders
- Issue opening date remains unchanged at November 28, 2025
- Total issue period stays within 30-day regulatory requirement
- Last date for on-market renunciation of rights entitlements unchanged at December 10, 2025
- Extension intended to provide operational convenience for shareholders
Regulatory Changes
No regulatory changes. The extension complies with SEBI (LODR) Regulations, 2015 as the total issue period does not exceed 30 days from the issue opening date.
Compliance Requirements
- Company will publish advertisement regarding revised schedule in newspapers
- Revised schedule advertisement to be submitted to stock exchange in due course
- Information available on company website: www.acesoftex.com
Important Dates
| Activity | Original Date | Extended Date |
|---|---|---|
| Issue Opening Date | November 28, 2025 | November 28, 2025 (Unchanged) |
| Last Date for On Market Renunciation of Rights Entitlements | December 10, 2025 | December 10, 2025 (Unchanged) |
| Issue Closing Date | December 15, 2025 | December 18, 2025 |
| Finalisation of Basis of Allotment (on or about) | December 16, 2025 | December 19, 2025 |
| Date of Allotment (on or about) | December 16, 2025 | December 19, 2025 |
| Date of Credit (on or about) | December 17, 2025 | December 22, 2025 |
| Date of Listing (on or about) | December 18, 2025 | December 23, 2025 |
Impact Assessment
Shareholder Impact: Existing shareholders get 3 additional days to participate in the rights issue, reducing time pressure and enabling better decision-making. Those who have already applied are unaffected.
Timeline Impact: All subsequent activities (allotment, credit, listing) shifted forward by 3 working days. The listing date moves from December 18, 2025 to December 23, 2025.
Market Impact: Limited to ACE Software Exports Limited shareholders. The extension demonstrates company’s responsiveness to shareholder feedback and commitment to maximizing participation in the fundraising exercise.
Impact Justification
Extension of rights issue closing date affects existing shareholders' participation timeline but does not change fundamental terms. Moderate impact limited to company's shareholders.