Ace Alpha Tech Ltd — Important, 19-05-2026: Company Update

Ace Alpha Tech Limited confirmed no deviation in the utilization of its Initial Public Offer (IPO) proceeds for the half-year ended March 31, 2026. The company raised 32.22 Cr through its IPO on July 1, 2025, comprising 24.48 Cr from a fresh issue and 7.74 Cr from an offer for sale. Funds were utilized as planned, with 7.16 Cr for capital expenditure, 8.12 Cr for acquisitions and general corporate purposes, and 3.86 Cr for issue expenses. An independent monitoring agency, CARE Ratings, also oversees fund usage, ensuring transparency for shareholders.