Blue Cloud Softech Solutions will convene its Board of Directors on September 1, 2026, to approve the notice for its 35th Annual General Meeting and finalize remote e-voting arrangements.

The meeting is scheduled for 4:30 pm at the company’s registered office in Hyderabad. The agenda includes approving the Board’s Report, Corporate Governance Report, and Management Discussion and Analysis Report for the upcoming AGM.

Agenda Details

The Board will also appoint a scrutinizer for the e-voting process and determine the cut-off date for shareholder voting. The key items for consideration include:

• Approval of the Notice of the 35th AGM along with associated reports
• Appointment of Mrs. Sarada Putcha as Scrutinizer for remote e-voting
• Finalization of the cut-off date and remote e-voting schedule
• Consideration of any other business with the Chair’s permission

This intimation was issued pursuant to Regulation 29 read with Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirement) Regulations 2015.

Blue Cloud Softech Solutions board granted in-principle approval on August 24, 2026, to acquire up to 100% of US-based CareTech AI Inc through a share swap. The move aims to expand the company’s footprint in the American healthcare technology market.

Board resolution on CareTech AI acquisition

The Board of Directors approved the proposal at a meeting held on Monday, August 24, 2026. The transaction involves acquiring equity in CareTech AI Inc, along with its wholly owned subsidiaries CareCareer Tech LLC and Envision NJ LLC. The consideration will be discharged via a preferential allotment of Blue Cloud Softech Solutions equity shares, subject to SEBI ICDR Regulations Chapter V provisions.

The company has authorised the appointment of a SEBI-registered valuer, a merchant banker, and due diligence advisors. A board committee has been constituted to negotiate a non-binding term sheet and oversee the diligence process. No letter of intent or binding agreement has been executed, and no binding commitment arises from this approval.

Key details of the proposed acquisition

CareTech AI Inc is a US-based AI-first healthcare technology and services company. Through CareCareer Tech LLC, it operates an AI-enabled healthcare workforce platform serving acute, post-acute, behavioural health, school, and correctional healthcare systems. Envision NJ LLC provides enterprise automation and orchestration solutions.

Financial profile of CareTech AI

Management of the Target Group indicated consolidated revenue figures as follows:

• Calendar year 2025: approximately $80.2 million
• Seven months ended July 31, 2026: approximately $67.7 million
• Estimated full calendar year 2026: approximately $116 million

These figures are subject to independent verification during due diligence. CPA-reviewed financial statements for 2024 and 2025 will be furnished to Blue Cloud Softech Solutions and its advisors following this approval. The consideration and number of equity shares to be allotted have not been determined and will follow the report of the SEBI-registered valuer.

Strategic rationale

Blue Cloud Softech Solutions stated that the acquisition addresses its need for an owned US clinical channel and live US clinical data. CareTech AI brings over 5,000 credentialed clinicians across 30+ categories and 490+ active client sites, including 80+ government contracts. This includes a statewide relationship with the California Department of Corrections and Rehabilitation covering 31 institutions.

The combined entity aims to deploy Blue Cloud’s FDA 510(k) registered screening platform, BluHealth, through CareTech AI’s existing workforce and contracts. The company highlighted that long-term, compliance-heavy government contracts provide durable, recurring revenue. None of the promoters, directors, or key managerial personnel of Blue Cloud Softech Solutions hold any interest in the Target Group, and the transaction does not constitute a related party deal.