Description

ACE Software Exports Limited extends its 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 the closing date of its Rights Issue by 3 days to Thursday, December 18, 2025. The extension was decided by the Fund-raising Committee based on feedback from multiple shareholders to ensure seamless participation. The issue opened on November 28, 2025, and was originally scheduled to close on December 15, 2025. The extension remains within the 30-day maximum period from the Issue Opening Date as per regulatory requirements.

Key Points

  • Rights Issue closing date extended from December 15, 2025 to December 18, 2025
  • Extension of 3 days approved by Fund-raising Committee
  • Decision based on shareholder feedback for operational convenience
  • On-market renunciation of Rights Entitlements deadline remains unchanged at December 10, 2025
  • Issue Opening Date remains November 28, 2025
  • Extension stays within 30-day maximum period from Issue Opening Date
  • Newspaper advertisement regarding revised schedule to be published

Regulatory Changes

No regulatory changes. This circular notifies a schedule modification under existing SEBI (LODR) Regulations, 2015, Regulation 30 framework.

Compliance Requirements

  • Company to publish advertisement in newspapers regarding revised schedule
  • Revised schedule advertisement to be submitted to stock exchange
  • Updated information available on company website: www.acesoftex.com

Important Dates

  • Issue Opening Date: Friday, November 28, 2025 (Unchanged)
  • Last Date for On Market Renunciation of Rights Entitlements: Wednesday, December 10, 2025 (Unchanged)
  • Issue Closing Date: Thursday, December 18, 2025 (Extended from December 15, 2025)
  • Finalisation of Basis of Allotment: Friday, December 19, 2025 (on or about)
  • Date of Allotment: Friday, December 19, 2025 (on or about)
  • Date of Credit: Monday, December 22, 2025 (on or about)
  • Date of Listing: Tuesday, December 23, 2025 (on or about)

Impact Assessment

Market Impact: Low to Medium. The 3-day extension affects only ACE Software Exports Limited shareholders participating in the Rights Issue. No impact on broader market operations.

Shareholder Impact: Medium. Provides additional time for existing shareholders to complete Rights Issue applications, potentially increasing participation rates. Shareholders who wish to renounce their rights should note the December 10, 2025 deadline remains unchanged.

Timeline Impact: Allotment and listing dates shifted by 3 business days. Final listing now expected on December 23, 2025 instead of December 18, 2025.

Impact Justification

Rights issue extension provides operational convenience for existing shareholders but has limited broader market impact. Important for ACE Software shareholders to note revised timeline.