Ace Software Exports Approves ₹12 Crore Acquisition Of QeApps

Board approved ₹12 Cr cash acquisition of 100% of QeApps, subject to shareholder approval; ₹13 Cr of unused rights proceeds reallocated to QeApps and QeLearn. Extends Ace’s acquisition-led software consolidation, while removing QeMatic as a separately funded object and reducing allocations for transformation and global expansion. QeApps offers 20+ Shopify applications, 10,000+ installations and ₹0.95 Cr FY26 revenue. Transaction is related-party; completion depends on approvals and balance call-money receipt.