Blue Cloud Softech Solutions Limited has announced an Extra Ordinary General Meeting (EGM) scheduled for Monday, May 4, 2026 at 4:30 PM (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting will address significant corporate restructuring including authorized share capital increase and a major acquisition.

EGM Agenda and Key Resolutions

The EGM will consider five major resolutions that will reshape the company's capital structure and business operations:

Share Capital Enhancement

The company proposes to increase its authorized share capital from ₹80.00 crores divided into 80.00 crore equity shares of ₹1 each to ₹96.00 crores divided into 96.00 crore equity shares of ₹1 each. This expansion will accommodate the proposed preferential issue of 17.00 crore equity shares.

The preferential issue will be made at ₹21.93 per equity share (including premium of ₹20.93) to ConnectM Technology Solutions, Inc. (16.00 crore shares) and AstraBridge Inc (1.00 crore shares) as consideration for acquiring 21.25 crore shares (100% stake) of Global Impx Inc.

Strategic Acquisition Details

Global Impx Inc, incorporated on May 23, 2025 in Delaware, operates in renewable energy assets, energy management platforms, and strategic project development. The acquisition includes solar rooftop installations, microgrid solutions, EV infrastructure initiatives, and energy storage technologies.

Key Acquisition Highlights

Leadership Restructuring

The EGM will also address significant leadership changes. Mr. Vankineni Krishna Babu will transition from Managing Director to Non-Executive Director effective April 6, 2026. Simultaneously, Mr. Vinod Babu Bollikonda (DIN: 02015043) will be regularized as Director and appointed as Managing Director for five years with annual remuneration of ₹67.20 lakhs.

E-Voting and Compliance Framework

The company has engaged Central Depository Services Limited (CDSL) for remote e-voting facility. Ms. Sarada Putecha, Practicing Company Secretary (Membership No. A21717), has been appointed as Scrutinizer for the voting process.

The EGM notice was dispatched electronically on April 11, 2026 to shareholders whose email addresses are registered with Depository Participants. Members requiring assistance can contact CDSL helpdesk at helpdesk.evoting@cdslindia.com or call 022-23058542/43.

Source: None/Company/INE373T01047/5ceed346-1d50-4d10-abc2-d1ff4bbdcfd3.pdf

Blue Cloud Softech Solutions Limited has announced a comprehensive strategic acquisition following its board meeting held on April 06, 2026. The company approved the acquisition of Global Impx Inc for Rs. 372.81 crores through a preferential share issue, positioning itself for expansion into AI-driven energy and digital infrastructure sectors.

Strategic Acquisition Details

The board approved the acquisition of 100% shares in Global Impx Inc through a preferential issue of equity shares for consideration other than cash. The transaction is structured as an all-share deal with no immediate cash outflow.

The acquisition will result in Global Impx Inc becoming a wholly-owned subsidiary of Blue Cloud Softech Solutions. ConnectM Technology Solutions Inc will receive 16,00,00,000 shares (17.33% post-issue stake), while AstraBridge Inc will receive 1,00,00,000 shares (1.08% post-issue stake).

AI-Driven Infrastructure Platform

Global Impx Inc, incorporated on May 23, 2025 in Delaware, operates in renewable energy assets, energy management platforms, and strategic project development. The acquisition provides Blue Cloud access to approximately 196.7 acres of contiguous land at Chhatrapur, Odisha, with IDCO approvals and proximity to Gopalpur Port and NH-16.

The land is earmarked for phased data centre and digital infrastructure development with planned capacity expansion from 5 MW to 25 MW to 100 MW hyperscale capacity. Through this acquisition, Blue Cloud will establish a "Blue Energy" platform combining renewable energy generation, battery storage, microgrid infrastructure, and AI-driven energy optimization platforms.

Capital Structure and Leadership Changes

The board approved increasing the company's authorized share capital from Rs. 80,00,00,000 to Rs. 96,00,00,000 to accommodate the preferential issue and provide flexibility for future growth initiatives.

Vinod Babu Bollikonda's appointment as Managing Director formalizes his existing executive authority as Group CEO, where he has led the company's transformation across AI, cybersecurity, telecom, healthcare, and semiconductor verticals.

Regulatory Approvals and Timeline

The preferential issue requires approval from shareholders through a Special Resolution at an Extraordinary General Meeting scheduled for May 04, 2026, to be conducted via video conferencing. The relevant date for the preferential issue under SEBI ICDR Regulations is April 02, 2026. The acquisition is expected to complete within 15 days from the later of shareholder approval or receipt of in-principle approval from stock exchanges.

The allotted equity shares will be subject to a six-month lock-in period from the date of trading approval. The issue price of Rs. 21.93 per equity share complies with SEBI ICDR Regulations pricing requirements for preferential issues.