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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
ACE Software Exports Ltd-$

ACE Software Exports Board Approves 35.05% Stake Acquisition in MyUtilityGenius

M&A ◆ Monitor Closely MEDIUM RISK
📅 Filed on BSE: 06 Nov 2026, 10:17 PM IST  ·  BSE ID: 5b20daaf-be0a-4600-9f92-ee89b484089c
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is buying a 35.05% stake in MyUtilityGenius for £ 151,652.38, partly by issuing shares and partly with cash.
🤖 AI Summary
  • Board approved acquisition of 35.05% of MyUtilityGenius Limited for £ 151,652.38 (primary and secondary).
  • Acquisition includes 32.14% for £ 139,049.79 through a share swap consideration.
  • Share swap involves issuing 72,820 equity shares of the Company at ₹ 238/- per share.
  • Remaining 2.91% stake subscribed for £ 12,602.59 payable in cash.
  • Board also approved Q2 FY27 unaudited financial results and a second/final call for partly paid-up shares.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Total Acquisition Consideration for MyUtilityGenius Limited
£ 151,652.38
Acquired Stake in MyUtilityGenius Limited
35.05%
Value of MUG Purchase Shares (Share Swap)
£ 139,049.79
Equity Shares Issued for Share Swap
72,820
Issue Price per Share for Share Swap
₹ 238/-
Total Cash Consideration for MUG Subscription Shares
£ 12,602.59
Second and Final Call Money per Partly Paid-up Share
₹ 30.25/-
Record Date for Call Money
Friday, November 20, 2026
🏢 How This Affects the Company
📈
Business Impact
This acquisition expands ACE Software Exports' reach by integrating 35.05% of MyUtilityGenius, a UK-based company, into its operations.
💰
Financial Impact
The acquisition involves a cash outflow of £ 12,602.59 and the issuance of 72,820 new equity shares valued at ₹ 238/- each, affecting the company's equity base and cash reserves.
⚠️
Risk Impact
The acquisition is subject to shareholder approval for the preferential issue of shares and other regulatory approvals, presenting a completion risk.
👥 What This Means For Shareholders
✅
Action Required
Shareholders holding partly paid-up equity shares are required to pay ₹ 30.25/- per share for the Second and Final Call. Some also need to pay ₹ 30.25/- per share for the First Call.
👤
Who Is Affected
Shareholders holding 54,71,101 partly paid-up equity shares (ISIN No. IN9849B01034) must pay the Second and Final Call. Additionally, holders of 4,34,380 partly paid-up shares (ISIN: IN9849B01026) need to pay both First and Second Call money. All shareholders will be impacted by the issuance of 72,820 new equity shares for the acquisition.
🔍
Management Signal
Management is pursuing strategic acquisitions to expand business operations while also securing capital through call money payments on existing partly paid-up shares.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
Shareholder meeting for approval of preferential issue for MyUtilityGenius acquisition.
Receipt of call money payments from partly paid-up equity shareholders by December 11, 2026.
Release of detailed unaudited financial results for Q2 FY27.
MEDIUM RISK Acquisition is subject to shareholder approval and regulatory clearances, and call money collection carries execution risk.
💡 Investor Takeaway
ACE Software Exports Board approved acquiring 35.05% of MyUtilityGenius Limited for a total consideration of £ 151,652.38. The deal includes a share swap for £ 139,049.79 via 72,820 new equity shares and a cash payment of £ 12,602.59. The unaudited financial results for Q2 FY27 were also approved.
⚖️ Strengths & Concerns

✅ Positives

  • Strategic acquisition of 35.05% of MyUtilityGenius Limited, potentially expanding market presence into the UK.
  • Consideration is partly discharged via share swap (72,820 equity shares), conserving immediate cash outflow for a significant portion.

⚠️ Concerns

  • A portion of the acquisition, £ 12,602.59, requires a cash payment which will impact immediate liquidity.
  • The acquisition of MUG Purchase Shares is subject to shareholder approval for the preferential issue, introducing execution uncertainty.
📅 Company Track Record
ACE Software Exports has actively pursued acquisitions, completing 100% of QeApps for ₹ 12,00,00,000/- on October 21, 2026. Prior to that, it acquired the remaining 49.62% of QeLearn for ₹ 8,90,10,000/- on May 12, 2026.

Based on publicly available historical data. For context only.

❓ Frequently Asked Questions
What stake is ACE Software Exports acquiring in MyUtilityGenius Limited?
ACE Software Exports is acquiring 35.05% of the post-issue equity share capital of MyUtilityGenius Limited through primary and secondary acquisitions.
What is the total consideration for the MyUtilityGenius Limited acquisition?
The total consideration for the acquisition of 35.05% of MyUtilityGenius Limited is £ 151,652.38.
How is the consideration for MyUtilityGenius Limited acquisition being paid?
The consideration involves a share swap of 72,820 equity shares at ₹ 238/- per share for £ 139,049.79, and a cash payment of £ 12,602.59.
What is the Second and Final Call money approved by ACE Software Exports?
The Board approved a Second and Final Call of ₹ 30.25/- per partly paid-up equity share for 54,71,101 shares.
When is the record date for the Call Money payment for ACE Software Exports?
The Record Date for determining eligible shareholders for the Second and Final Call Notice cum Reminder is Friday, November 20, 2026.

Questions based on this BSE filing only. For information purposes.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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