Blue Cloud Softech Solutions Accepts Resignation of Non-Executive Director Vankineni Krishna Babu

blue cloud softech solutions has officially intimated the stock exchanges regarding the resignation of Mr. Vankineni Krishna Babu from the Board of Directors. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Babu served as a Non-Executive Director and his resignation is effective from the close of business on May 4, 2026.

The primary reason cited for the resignation is the director's proposed relocation abroad. In his resignation letter, Mr. Babu elaborated that his recent engagements have increasingly drawn him into international business activities. These include ongoing discussions with diplomatic representatives of several African nations and the active exploration of business opportunities in the Republic of Senegal. Consequently, he will be required to remain outside India for a prolonged period, which prevents him from devoting the necessary time and attention to the responsibilities of a directorship at a listed company.

Board Acknowledgement

The Board of Directors met on May 4, 2026, to accept the resignation. During the meeting, the Board placed on record its appreciation for the valuable contribution and guidance provided by Mr. Vankineni Krishna Babu during his association with the company. The company confirmed that there are no other material reasons for the resignation other than those stated in the official correspondence.

Mr. Babu also confirmed that he has no disagreement or dispute with the Board, the management, or any member or officer of the company on any matter. He further stated that there is nothing in connection with the affairs of the company that he wishes to bring to the attention of the shareholders or the regulatory authorities.

Resignation Details

The following table summarizes the key details regarding the cessation of the director's tenure as per the regulatory disclosure:

S. No.	Disclosure Requirements	Details
01	Reason for change i.e. Cessation	Resignation of Mr. Vankineni Krishna Babu (Din: 02570799), Non Executive - Director
02	Date of cessation	4 May, 2026
03	Brief Profile	N.A.
04	Disclosure of relationships between directors	Nil
05	Letter of Resignation along with detailed reason	Attached Resignation letter – Annexure-II
06	Names of listed entities in which the resigning director holds directorships	Nil
07	Confirmation of no other material reasons	Mr. Vankineni Krishna Babu (Din: 02570799), Non-Executive - Director has confirmed that there are no material reasons for his resignation other than those mentioned in his resignation letter.

The resignation was signed and submitted by Vinod Babu Bollikonda, Managing Director of Blue Cloud Softech Solutions Limited. The company has ensured that all necessary regulatory compliances have been met in this regard.

Blue Cloud Softech Solutions has formalized its strategic collaboration with GCIB For Africa Ltd. through a Memorandum of Understanding (MOU) to launch comprehensive digital projects across the African continent. This partnership represents a significant milestone in the company's international expansion strategy and underscores its commitment to driving technological advancement in emerging markets.

MOU Framework and Strategic Objectives

The newly signed MOU establishes a formal framework for collaboration between Blue Cloud Softech Solutions and GCIB For Africa Ltd. The partnership focuses on creating innovative technology solutions specifically designed to address the unique challenges and opportunities within African markets. This strategic alliance combines the technological expertise of both organizations to deliver comprehensive digital transformation initiatives.

Partnership Framework:	Details
Agreement Type:	Memorandum of Understanding (MOU)
Partner Organization:	GCIB For Africa Ltd.
Primary Hub Location:	Senegal
Initiative Focus:	Digital Factory Establishment
Operational Scope:	Pan-African Digital Projects

Digital Factory Development in Senegal

A cornerstone of this collaboration involves establishing a comprehensive "Digital Factory" in Senegal. This facility is designed to serve as a central hub for technological innovation and digital transformation initiatives throughout the region. The Digital Factory concept encompasses a wide range of digital services and solutions, creating an integrated operational framework that can support various technology-driven projects across multiple sectors.

Technology-Driven Socio-Economic Initiatives

The partnership extends beyond traditional business operations to encompass technology-driven socio-economic initiatives across African nations. This approach positions Blue Cloud Softech Solutions to contribute meaningfully to economic development through technology adoption and digital infrastructure enhancement. The collaboration aims to address critical areas including digital literacy, technological capacity building, and sustainable development through innovative digital solutions.

Strategic Market Positioning

This MOU represents Blue Cloud Softech Solutions' strategic positioning in the rapidly expanding African digital economy. The partnership leverages the growing demand for digital transformation across various sectors including finance, healthcare, education, and government services. By establishing a strong presence in Senegal and expanding operations across other African nations, the company is well-positioned to capitalize on the continent's increasing smartphone penetration and digital adoption rates.