Blue Cloud Softech Solutions Ltd Increases Authorized Share Capital and Approves Preferential Issue

Blue Cloud Softech Solutions Ltd Increases Authorized Share Capital and Approves Preferential Issue​

Blue Cloud Softech Solutions Ltd announced several corporate actions following its Board of Directors meeting held on April 6, 2026. Key among these decisions was the increase in the authorized share capital and the approval of a preferential issue of equity shares for consideration other than cash.

The Board approved an increase in the Authorized Share Capital from Rs. 80,00,00,000/- (Rupees Eighty Crores Only) to Rs. 96,00,00,000/- (Rupees Ninety-Six Crores Only), necessitating a consequent amendment to the Capital Clause of the Memorandum of Association. This resolution remains subject to shareholder approval at an Extra Ordinary General Meeting.

Preferential Issue for Share Swap​

The company also approved the issuance of 17,00,00,000 Equity Shares of face value of Rs. 1/each, priced at an issue price of Rs. 21.93/- (which includes a premium of Rs. 20.93/-), on a preferential basis.

This transaction is structured for consideration other than cash, specifically in exchange for the acquisition of 21,25,00,000 shares of Global Impx Inc. By way of a share swap, the company will issue 17,00,00,000 Equity Shares of Blue Cloud Softech Solutions Limited to the proposed allottees.

In line with the Companies Act, 2013, a valuation report was obtained from Mr. A. N. Gawade, Registered Valuer, whose report established that 100 shares of Blue Cloud Softech Solutions Limited will be issued for every 125 shares of Global Impx Inc.

This transaction aims to make Global Impx Inc. a wholly owned subsidiary of Blue Cloud Softech Solutions Ltd. Consequently, Global Impx Inc.'s subsidiaries, namely ConnectM Technology Solutions Private Limited, Geo Impex & Logistics Private Limited, Cambridge Energy Resources Private Limited, CER Microgrids Private Limited, and CER Rooftop Private Limited, will become step-down subsidiaries of Blue Cloud Softech Solutions Ltd.

The details of the consideration show that the issuance of 17,00,00,000 Equity Shares for the purchase of 21,25,00,000 shares of GIX amounts to Rs. 372.81 crores.

The structure of the preferential issue and the resulting shareholding impact is detailed below:


*The percentage is calculated on the Total no. of Equity Shares (Post Issue) - 92,30,81,600.

Changes in Leadership and Personnel Updates​

The Board of Directors also considered and approved several changes related to management and compliance officers:

• Designation Change: The designation of Mr. Vankineni Krishna Babu was decided to change from Managing Director to Non-Executive Director, effective April 6, 2026.
• Appointment of Managing Director: Mr. Vinod Babu Bollikonda was appointed as the Managing Director of the company, subject to approval at the ensuing Extra Ordinary General Meeting.
• Resignation of Company Secretary: The Board noted the resignation of Ms. Shraya Jaiswal from the post of Company Secretary & Compliance Officer, effective from the close of business hours on April 3, 2026.
• Appointment of Company Secretary & Compliance Officer: Mr. Shambhu Prasad Hanumath Venkata Srinaga Mukkamala was appointed as the Company Secretary & Compliance Officer of the company.

Schedule for General Meeting​

The Board has scheduled the Extraordinary General Meeting of the company to be held on Monday, May 4, 2026, via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

The transaction details are further elucidated in Annexure I, providing a description of the target entity, Global Impx Inc. (GIX), which was incorporated on May 23, 2025, and is engaged in renewable energy assets and energy management platforms. The key asset identified is access to approximately 196.7 acres of contiguous land at Chhatrapur, Odisha.

Stock Price Movement​

At the close of trading on Monday, Blue Cloud Softech Solutions Ltd settled at ₹19.41, ticking up by 1.25%. Throughout the session, shares traded within a band, ranging from a low of ₹19.02 up to a high of ₹19.45.

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