INTIMATION OF EGM TO BE HELD ON 10.07.2025
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Blue Cloud Softech Solutions has called an EGM on 10 July 2025 (4:00 PM, via video conferencing) to seek shareholder approval for acquiring 100% of M/s AIS Anywhere, a New Jersey-based global technology solutions provider in AI, data analytics, cybersecurity, IoT, and enterprise software with turnover of $83.69 million in 2024 (up from $64.24 million in 2022). The acquisition will be done through a share swap by issuing 31.68 crore equity shares at Rs. 23.06 per share (including Rs. 22.06 premium), aggregating to approximately Rs. 730.54 crores, on a preferential basis to the existing shareholders of AIS Anywhere. Two allottees are involved: promoter Mrs Janaki Yarlagadda (44.53% stake in AIS, receiving 14.10 crore shares) and M/s Siraj Holdings LLC (55.47% stake, receiving 17.57 crore shares). Post-issue, Blue Cloud's total share count will expand from 43.62 crore to 75.30 crore, a dilution of roughly 73%, with promoter holding rising from 34.35% to 38.64%. The company stated there will be no change in control, and the share issuance is subject to lock-in as per SEBI ICDR regulations.
This is a major acquisition funded entirely through equity dilution — existing shareholders will see their stake drop by about 42% (since new shares equal ~73% of the current base). If approved, Blue Cloud will become the holding company of a US-based tech firm with a strong revenue trajectory, potentially transforming its business scale but also introducing significant share dilution and integration risk in the short term.