Ace Software Exports inches up on executing LOI for long-term product engineering engagement
Ace Software Exports is currently trading at Rs. 202.40, up by 0.50 points or 0.25% from its previous closing of Rs. 201.90 on the BSE.
The scrip opened at Rs. 197.00 and has touched a high and low of Rs. 202.90 and Rs. 197.00 respectively. So far 865 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 302.28 on 29-Oct-2025 and a 52 week low of Rs. 162.62 on 16-May-2025.
Last one week high and low of the scrip stood at Rs. 219.50 and Rs. 195.60 respectively. The current market cap of the company is Rs. 370.03 crore.
The promoters holding in the company stood at 68.39%, while Non-Institutions held 31.61% stake in the company.
Ace Software Exports has executed a letter of intent (LOI) with an US based enterprise engaged in the development of integrated, technology-enabled, AI-driven mortgage marketplace platform in the real-estate domain and aims to leverage technology, domain expertise, and structured workflows to build scalable solutions across its operating verticals. The LOI captures the preliminary commercial and operational framework for a proposed long-term product engineering engagement, including the establishment of a dedicated Global Capability Centre (GCC) delivery model. Based on indicative discussions, the contemplated multi-phase development roadmap is presently estimated at around $1.5 million (around Rs 13.49 crore). The LOI outlines the intended framework for the proposed engagement, and the detailed terms will be finalised through execution of definitive agreements.
Further to the execution of the LOI, the company has received an initial Purchase Order for an amount of $48,000 (around Rs 43 lakh) to initiate the MVP phase of product engineering work, marking the commencement of execution activities under the multi-phase roadmap contemplated in the LOI. The LOI and the initial Purchase Order represent the first steps of a proposed multi-year global engagement, with a structured roadmap that includes AI-driven product development, phased scale-up, and a dedicated GCC model.
Ace Software Exports is mainly engaged in the business of creation of Database. The company has been active in catering to the outsourcing needs of publishers and other organizations.
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