Board outcome: September-quarter results, call money on partly paid shares, two UK buys and a subsidiary merger
Unaudited Financial Results – Standalone and Consolidated for the quarter ended 30th September, 2026, with the Statutory Auditor's Limited Review Report.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,446.77 | 1,400.97 | +3.3% | 1,429.22 | +1.2% |
| Total income | 1,495.56 | 1,441.46 | +3.8% | 1,490.70 | +0.3% |
| Profit before tax | 130.97 | 183.00 | −28.4% | 118.20 | +10.8% |
| Profit after tax | 130.97 | 183.00 | −28.4% | 118.20 | +10.8% |
| Total comprehensive income | 128.29 | 188.76 | −32% | 122.58 | +4.7% |
| Basic EPS | 0.70 | 1.43 | −51% | 0.65 | +7.7% |
- Profit after tax YoY change
- −28.4%
- Period
- Quarter Ended 30-09-2026
Also decided at the meeting
- Approved making of Second and Final Call of Rs. 30.25 per partly paid-up equity share (ISIN IN9849B01034), Rs. 2.75 towards face value and Rs. 27.50 towards securities premium.
- Approved issue of reminder notice for payment of First Call Money of Rs. 30.25 per share on 4,34,380 partly paid-up equity shares bearing ISIN IN9849B01026.
- Fixed Friday, November 20, 2026 as the Record Date for despatch of the Second and Final Call Notice cum Reminder.
- Fixed the call payment period from Friday, November 27, 2026 to Friday, December 11, 2026 (both days inclusive).
- Approved Share Purchase and Subscription Agreement to acquire 361 equity shares (35.05%) of MyUtilityGenius Limited for GBP 151,652.38, part by share swap.
- Approved preferential issue of 72,820 equity shares at Rs. 238 each, aggregating Rs. 1,73,31,160, to Westbury Solutions Limited for the MUG acquisition.
- Approved acquisition of 361 equity shares (35.05%) of MyUtilityGenius Commercial Limited for GBP 786,906.07, with 3,79,326 shares at Rs. 238 (Rs. 9,02,79,588).
- Approved a Scheme of Amalgamation of seven wholly owned subsidiaries into the Company under Sections 230 to 232 of the Companies Act, 2013, subject to NCLT approvals.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Note 6 states that provision for taxation, if any, shall be made at the year end; no current or deferred tax is charged in the quarter.
The Board meeting on Friday, November 6, 2026 ran from 4.00 p.m. to 6.00 p.m. and covered four decisions.
Results for the September quarter
The Board considered and approved Unaudited Financial Results – Standalone and Consolidated for the quarter ended 30th September, 2026, enclosed along with the Limited Review Report issued by the Statutory Auditor of the company.
Call money on partly paid-up shares
- The Board approved making the Second and Final Call of ₹ 30.25/- per partly paid-up equity share, of which ₹ 2.75 is adjusted towards face value and ₹ 27.50 towards securities premium.
- It applies to ~54.71 lakh partly paid-up equity shares of face value ₹ 10.00/- each (ISIN IN9849B01034) allotted on December 19, 2025 on a rights basis.
- A reminder notice is also approved for the First Call on ~4.34 lakh partly paid-up equity shares (ISIN IN9849B01026). Those holders must pay ₹30.25 towards the First Call and ₹30.25 towards the Second and Final Call, aggregating ₹60.50 per share.
- Record Date: Friday, November 20, 2026. Call payment period: Friday, November 27, 2026 to Friday, December 11, 2026, both days inclusive.
- On each call amount of ₹30.25, ₹2.75 is face value and ₹27.50 is securities premium.
- Further details are to be included in the Second and Final Call Notice cum Reminder sent to eligible shareholders.
Two UK acquisitions
The Board approved executing Share Purchase and Subscription Agreements dated November 6, 2026 with MyUtilityGenius Limited (MUG) and MyUtilityGenius Commercial Limited (MUGC), both UK-based energy technology and consultancy companies, and with Westbury Solutions Limited as the seller.
- MUG: 361 equity shares of £1 each, representing 35.05% of the post issue equity share capital, at £ 420.09/- per share, total £ 151,652.38, equivalent to ~₹ 1.9 crore at ₹ 125.1333 per GBP.
- MUGC: 361 equity shares of £1 each, representing 35.05% of the post issue equity share capital, at £ 2179.79/- per share, total £ 786,906.07, equivalent to ~₹ 9.85 crore at the same exchange rate.
- Each deal splits into 331 shares (32.14%) bought from Westbury and 30 shares (2.91%) subscribed fresh.
- MUG revenue: £ 696,123 for 2025-2026 (provisional), £ 554,332 for 2024-25 and £ 485,442 for 2023-24.
- MUGC revenue: £ 756,391 for 2025-2026 (provisional), £ 1,126,026 for 2024-25 and £ 956,369 for 2023-24.
- Both are stated to be on an arm's length basis, taking into account a valuation report from Den Valuation (OPC) Private Limited.
How the purchases are paid for
- The 331-share purchases are paid by share swap: 72,820 fully paid-up equity shares of ₹10 each at ₹238 per share for MUG, aggregating ~₹ 1.73 crore; and 3,79,326 such shares at ₹238 per share for MUGC, aggregating ~₹9.03 crore. Both are proposed to be issued to Westbury Solutions Limited on a preferential basis for consideration other than cash.
- The 30-share subscriptions are paid in cash: £ 12,602.59 (~₹ 15.77 lakh) for MUG and £ 65,393.58 (~₹ 81.83 lakh) for MUGC.
- Each acquisition is to be completed within 15 days from the later of the date of the special resolution for the preferential issue or receipt of in-principal approval from the stock exchanges, and is subject to shareholder approval and other regulatory approvals.
Merger of wholly owned subsidiaries
The Board approved a Scheme of Amalgamation among Ace Infoway Private Limited, Ace InfoWorld Private Limited, QeCAD Studio Private Limited, QeNomy Digital Private Limited, QeMFG Private Limited, QeLearn Private Limited and QeApps Private Limited, all wholly owned subsidiaries, and Ace Software Exports Limited. It will be implemented under Sections 230 to 232 of the Companies Act, 2013 and is subject to approvals, permissions, directions and sanctions from the NCLT, Central Government and other authorities.
What investors may note
- The call money asks holders of partly paid rights shares to pay ₹60.50 per share in aggregate if the First Call is still pending, within a fixed window.
- The two UK deals take the company into overseas energy technology services, and a large part of the price is discharged by issuing new shares rather than cash.
- The amalgamation is an internal restructuring between the company and its own subsidiaries and needs tribunal approval.
Also from ACE Software Exports
Board approves preferential issue for two UK buys, second and final call on partly paid shares
6 Nov 2026
ACE Software Exports to acquire 35.05% each of MyUtilityGenius Ltd and MyUtilityGenius Commercial Ltd for £151,652.38 and £786,906.07
6 Nov 2026
Record Date Fixed for Second and Final Call on Partly Paid-Up Equity Shares
6 Nov 2026
More numbers
- Second and Final Call per partly paid-up share₹ 30.25/-
- Partly paid-up shares under Second and Final Call54,71,101
- First and Second and Final Call combined per share₹60.50
- MUG consideration shares to be issued72,820
- MUG consideration shares aggregate value₹ 1,73,31,160
- MUGC consideration shares to be issued3,79,326
- MUGC consideration shares aggregate value₹9,02,79,588
- Stake acquired in MUG (post issue)35.05%
- Total income, latest quarter1,495.56 (Rs. In Lakhs)
- Total income, year-ago quarter1,441.46 (Rs. In Lakhs)
- Total income, previous quarter1,490.70 (Rs. In Lakhs)
- Total comprehensive income, latest quarter128.29 (Rs. In Lakhs)
- Total comprehensive income, year-ago quarter188.76 (Rs. In Lakhs)
- Total comprehensive income, previous quarter122.58 (Rs. In Lakhs)
- Profit after tax, latest quarter130.97 (Rs. In Lakhs)
- Profit after tax, year-ago quarter183.00 (Rs. In Lakhs)
- Profit after tax, previous quarter118.20 (Rs. In Lakhs)
- Revenue from operations, latest quarter1,446.77 (Rs. In Lakhs)
- Revenue from operations, year-ago quarter1,400.97 (Rs. In Lakhs)
- Revenue from operations, previous quarter1,429.22 (Rs. In Lakhs)
- Profit before tax, latest quarter130.97 (Rs. In Lakhs)
- Profit before tax, year-ago quarter183.00 (Rs. In Lakhs)
- Profit before tax, previous quarter118.20 (Rs. In Lakhs)
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