Intimation of Reclassification of Outgoing Promoter Group to the 'Public' category pursuant to Regulation 31A(10) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Blue Cloud Softech Solutions Ltd has filed for formal reclassification of two outgoing promoter entities—Duranta Power Projects Private Limited and Newton Power Private Limited—from the 'Promoter Group' category to 'Public' category. This follows the completion of an Open Offer in August 2023, where ITTB Software Private Limited, Janaki Yarlagadda, and Janardhana Doranala Sarma (the Acquirers) acquired 100% of the existing public shareholding (3,51,00,600 equity shares) at Rs. 3 per share. The Acquirers became the new promoters of the company, gaining 50.11% stake assuming full acceptance. The outgoing promoters currently hold nil shares as of 22 May 2026. The company confirms compliance with all conditions under Regulation 31A(3)(b), including no control, no board representation, and no special rights.
This is a routine administrative filing that formalizes an already-disclosed change from the 2023 open offer. The reclassification has no direct impact on the company's operations or share price, as the outgoing promoters already held zero shares. It simply updates the official shareholding records to reflect the post-acquisition ownership structure.