Ace Software Exports Limited
	Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
	AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2010						(Rs. In Lacs)
		Quarter	Quarter	Year Ended	Year Ended	CONSOLIDATED
		Ended	Ended			Year Ended	Year Ended
		31/03/2010	31/03/2009	31.03.2010	31.03.2009	31.03.2010	31.03.2009
		(Unaudited)	(Unaudited)	(Audited)	(Audited)	(Audited)	(Audited)
1	Income From Operations	54.95	70.08	189.20	268.58	189.2	268.58
2	Expenditure
	a. (Increase)/Decrease in Stock	21.74	5.88	12.47	(18.39)	12.47	(18.39)
	b. Software Charges	29.09	49.75	157.07	189.00	157.07	189.00
	c. Staff Cost	6.48	0.84	22.43	17.04	24.83	17.04
	d. Depreciation	2.30	2.21	9.16	8.93	10.85	11.21
	e. Other Expenditure	23.09	64.50	73.38	140.41	77.20	144.20
	f. TOTAL	82.70	123.18	274.51	336.99	282.42	343.06
3	Profit from Operations before Other Income,
	Interest and Exceptional Items ( 1-2 )	(27.75)	(53.10)	(85.31)	(68.41)	(93.22)	(74.48)
4	Other Income	19.54	58.94	65.36	120.28	140.76	145.92
5	Profit before Interest and Exceptional Items ( 3+4 )	(8.21)	5.84	(19.95)	51.87	47.54	71.44
6	Interest	0.00	0.00	0.00	0.00	0.00	0.00
7	Profit after Interest but before Exceptional Items ( 5-6 )	(8.21)	5.84	(19.95)	51.87	47.54	71.44
8	Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00
9	Profit From Ordinary Activities before Tax ( 7+8 )	(8.21)	5.84	(19.95)	51.87	47.54	71.44
10	Tax Expenses	-	2.37	-	2.72	11.73	2.86
11	Net Profit From Ordinary Activities after Tax ( 9-10 )	(8.21)	3.47	(19.95)	49.15	35.81	68.58
12	Extraordinary Items	0.00	0.00	0.00	0.00	0.00	0.00
13	Net Profit for the period ( 11-12 )	(8.21)	3.47	(19.95)	49.15	35.81	68.58
14	Minority Interest					0.10	0.70
15	Profit after Minority Interest					35.71	67.88
16	Paid up Equity Share Capital	468.00	468.00	468.00	468.00	468.00	468.00
	(Face Value of Share Rs. 10 each )
17	Reserves Excluding Revaluation Reserves			886.53	909.74	886.34	853.90
18	Earnings per Share ( EPS )
	Diluted EPS for the Period
	( a ) Basic & Diluted EPS before extraordinary items	(0.18)	0.07	(0.43)	1.05	0.76	1.45
	( b ) Basic & Diluted EPS after extraordinary items	(0.18)	0.07	(0.43)	1.05	0.76	1.45
19	Public Shareholding
	(a) No. of Shares	1854157	1951874	1854157	1951874	1854157	1951874
	(b) Percentage of shareholding	39.62%	41.71%	39.62%	41.71%	39.62%	41.71%
20	Promoters and promoter group Shareholding**
	a) Pledged/Encumbered
	-Number of Shares	-	-	-	-	-	-
	-Percentage of shares (as a % of the total shareholding	-	-	-	-	-	-
	of promoter and promoter group)
	-Percentage of shares (as a% of the total share capital	-	-	-	-	-	-
	of the company)
	b) Non-encumbered
	-Number of Shares	2825843	2728126	2825843	2728126	2825843	2728126
	-Percentage of shares (as a % of the total shareholding
	of promoter and promoter group)	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
	-Percentage of shares (as a% of the total share capital	60.38%	58.29%	60.38%	58.29%	60.38%	58.29%
	of the company)
Notes :
(1) The above results were reviewed by the Audit Committee and thereafter the same were approved and
taken on record at the meeting of the Board of Directors held on May 29, 2010
(2) The above figures have been regrouped, rearranged wherever necessary.
(3) The Company's operations fall under single segment namely " Computer Software and Services Exports".
(4) The consolidated results have been prepared in line with the requirements of Accounting Standard-21 " Consolidated Financial Statements "
(5) There were no investor complaints received or pending for the quarter ended 31st March, 2010.
				For and on Behalf of the Board
Place : Rajkot
Date : 29-05-2010				Sanjay H. Dhamsania
				Jt. Managing Director