Blue Cloud Softech reclassifies outgoing promoters to public category
Blue Cloud Softech Solutions Limited has reclassified Duranta Power Projects Private Limited and Newton Power Private Limited from the promoter group to the public category. This follows the completion of an open offer on 25 August 2023, which transferred management control to new acquirers. The reclassification is effective from the date of acceptance by the exchange.
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Blue Cloud Softech Solutions Limited has reclassified Duranta Power Projects Private Limited and Newton Power Private Limited from the promoter group to the public category. This change follows the completion of an open offer on 25 August 2023, which transferred management and control of the company to new acquirers, ITTB Software Private Limited, Janaki Yarlagadda, and Janardhana Doranala Sarma.
The reclassification was executed pursuant to Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the outgoing promoter entities satisfy all conditions specified in Regulation 31A(3)(b), including holding nil shares and having no voting rights or control over the company's affairs.
Compliance and Disclosures
The company certified that it is in compliance with the minimum public shareholding requirements under Regulation 38 of the SEBI LODR Regulations. It further confirmed that trading in equity shares has not been suspended by any stock exchange and that there are no outstanding dues payable to SEBI, stock exchanges, or depositories.
There is no pending regulatory action against the company or the outgoing promoter entities regarding this reclassification. The entities have also confirmed they are not wilful defaulters or fugitive economic offenders.
Shareholding Details
The following table details the shareholding of the reclassified entities as of 22 May 2026:
| S. No. | Name of the Outgoing Promoter Group | Category | No. of Shares Held as on Latest BENPOS Dated: 22.05.2026 | % of Total Voting Capital |
|---|---|---|---|---|
| 1 | Duranta Power Projects Private Limited | Promoter Group | Nil | Nil |
| 2 | Newton Power Private Limited | Promoter Group | Nil | Nil |
| Total | Nil | Nil |
The reclassification will be reflected in the shareholding pattern for the quarter ended 30 June 2026.
Historical Stock Returns for Blue Cloud Softech Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.37% | +3.76% | +0.10% | -9.73% | -7.61% | +286.00% |
What strategic direction will the new acquirers, ITTB Software and its partners, implement for Blue Cloud Softech?
How will the change in management control impact the company's financial performance and operational efficiency?
Are there potential mergers, acquisitions, or divestitures planned under the new leadership?
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