ACE Software Exports Ltd-$
ACE Software Exports acquires 100% of QeApps Private Limited for ₹12,00,00,000/-
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 21 Oct 2026, 08:22 PM IST · BSE ID: 3eafd5e5-2952-4ddf-a88e-dfb69d7e1018
View Original BSE Filing (PDF)
💡
In Simple Terms
ACE Software Exports bought all of QeApps Private Limited for ₹12,00,00,000/- and made further investments in its existing subsidiaries.
🤖 AI Summary
- ACE Software Exports completed acquisition of 10,000 equity shares, 100% stake in QeApps Private Limited for ₹12,00,00,000/-.
- QeApps Private Limited, a Shopify platform e-commerce solutions provider, becomes a wholly owned subsidiary.
- Additional investments include ₹1,00,00,000/- in QeLearn Private Limited and ₹7,00,00,000/- in QeMFG Private Limited.
- The acquisition and investments were funded using net proceeds from the company's Rights Issue.
- QeApps Private Limited reported a turnover of 95 Lakhs for FY2025-26 and 65 Lakhs for FY2024-25.
🔢 Key Numbers — exact figures from BSE filing, not rounded
QeApps Acquisition Consideration
₹12,00,00,000/-
QeApps Equity Acquired
10,000 equity shares
QeApps Equity Stake Acquired
100%
Investment in QeLearn Private Limited
₹1,00,00,000/-
Investment in QeMFG Private Limited
₹7,00,00,000/-
QeApps FY2025-26 Turnover
95 Lakhs
QeApps FY2024-25 Turnover
65 Lakhs
🏢 How This Affects the Company
The acquisition expands ACE Software Exports' capabilities in the e-commerce ecosystem, particularly on the Shopify platform, by integrating QeApps' portfolio of 20+ applications and global presence across 15+ countries.
The company has utilized ₹20,00,00,000/- from its Rights Issue proceeds for the acquisition and investments, transitioning these cash funds into subsidiary equity and assets.
QeApps, with its technology and software solutions expertise, will be integrated into the company's operations as a wholly owned subsidiary, potentially enhancing product offerings and operational efficiency.
The acquisition was classified as a related party transaction, though executed at arm’s length based on a valuation report and shareholder approval, mitigating certain related party risks.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this filing.
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Who Is Affected
Shareholders are indirectly affected as company assets and business scope expand through the acquisition and investments, funded by existing Rights Issue proceeds.
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Management Signal
Management is signaling a strategic focus on expanding its IT and software services business into the e-commerce sector and strengthening existing wholly owned subsidiaries.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Upcoming financial results — examine integration costs and revenue contributions from QeApps.
Future disclosures on QeApps’ operational performance and expansion within the e-commerce sector.
Updates on the utilization of remaining Rights Issue proceeds for specified objects.
MEDIUM RISK
Integration risk for QeApps, a relatively small entity, and related party transaction scrutiny are present.
💡 Investor Takeaway
ACE Software Exports completed the acquisition of QeApps Private Limited for ₹12,00,00,000/-, making it a wholly owned subsidiary. Additionally, ₹1,00,00,000/- was invested in QeLearn and ₹7,00,00,000/- in QeMFG, utilizing Rights Issue funds.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition of QeApps expands company's IT and software business into the e-commerce ecosystem with 20+ Shopify applications and 10,000+ active installations.
- The transactions were funded by Rights Issue proceeds, aligning with specified objects from the Letter of Offer dated November 14, 2025.
⚠️ Concerns
- QeApps Private Limited, the acquired entity, had a turnover of 95 Lakhs in FY2025-26, which is a relatively small scale compared to the acquisition consideration of ₹12,00,00,000/-.
- The acquisition of QeApps involved related parties from the Promoter and Promoter Group, necessitating a valuation report to ensure arm’s length transaction.
📅 Company Track Record
In May 2026, Ace Software Exports completed the acquisition of the remaining 49.62% of QeLearn for ₹8,90,10,000/-, making QeLearn a wholly-owned subsidiary. This current filing details additional investment in QeLearn of ₹1,00,00,000/-.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the acquisition value of QeApps Private Limited by ACE Software Exports?
ACE Software Exports completed the acquisition of 10,000 equity shares, representing 100% of QeApps Private Limited, for a total consideration of ₹12,00,00,000/-.
What is the business of QeApps Private Limited?
QeApps Private Limited is a technology and software solutions provider specializing in the development of innovative applications for the e-commerce ecosystem, particularly the Shopify platform, with over 20 applications.
What was the turnover of QeApps Private Limited for recent financial years?
The turnover (Revenue from Operation) of QeApps Private Limited was 95 Lakhs for Financial Year 2025-26 and 65 Lakhs for Financial Year 2024-25.
Were there other investments made by ACE Software Exports in its subsidiaries?
Yes, ACE Software Exports invested ₹1,00,00,000/- in QeLearn Private Limited and ₹7,00,00,000/- in QeMFG Private Limited, both wholly owned subsidiaries.
How were the acquisition and investments funded?
The acquisition and investments were funded out of the net proceeds of the Rights Issue, in accordance with the objects specified in the Letter of Offer dated November 14, 2025.
Questions based on this BSE filing only. For information purposes.