Details of Target Entity
Ace Infoworld Private Limited is a company incorporated in 1996 under the Companies Act, 1956 (CIN: U72200GJ1996PTC061333) with its registered office at 801, Everest Commercial Complex, Opp. Shastri Maidan, Rajkot, Gujarat, India - 360001. The company is engaged in designing and developing systems and application software, data processing, software consultancy, and providing information technology and management consultancy services. Its business includes development of information and communication technology solutions, software and hardware, along with related research, development and intellectual property activities.
Financial Performance
- Financial year 2025-26 Revenue from Operations: ₹19 lakh
- Financial year 2024-25 Revenue from Operations: ₹0.21 lakh (₹21,000)
Transaction Details
- Nature of transaction: Acquisition of remaining minority stake
- Percentage acquired: 1.38% stake
- Number of shares acquired: 8,900 equity shares
- Total consideration: ₹8,02,246
- Payment method: Cash consideration
- Completion date: August 13, 2026
- Resulting ownership: 100% wholly-owned subsidiary
Related Party Aspects
Certain promoters/directors of Ace Software Exports Limited had an interest in the target company by virtue of their existing shareholding therein prior to the acquisition.
Industry Classification
The acquired entity belongs to the Information Technology (IT) and Software Services industry.
Purpose of Acquisition
The acquisition is intended to consolidate the Company's existing holding and acquire complete ownership and control of the entity. The acquisition is in line with the Company's existing IT and software business.
Regulatory Approvals
No governmental or regulatory approvals were required for this acquisition.
Disclosure Compliance
The disclosure is made under SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, with complete details provided in Annexure-A.