Sub: Notice of Extra Ordinary General Meeting Ref: Disclosure under Regulation 30 of the Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Blue Cloud Softech Solutions has called an EGM on May 4, 2026 (e-voting May 1-3) to consider 5 items, the biggest being the acquisition of US-based Global Impx Inc (GIX) via a share swap. The company will issue 17 crore fresh equity shares at Rs. 21.93/share (total ~Rs. 372.81 crores) to GIX shareholders — ConnectM Technology Solutions Inc gets 16 cr shares and AstraBridge Inc gets 1 cr share — at a swap ratio of 100 BCSSL shares for every 125 GIX shares. GIX (renewable energy, solar rooftops, microgrids, EV infrastructure, energy storage) will become a wholly owned subsidiary, with 5 step-down subsidiaries added. To accommodate the issue, authorised share capital will be raised from Rs. 80 cr to Rs. 96 cr. The EGM also seeks shareholders' approval to appoint Vinod Babu Bollikonda as Managing Director for 5 years and to re-designate Vankineni Krishna Babu from MD to Non-Executive Director.
This is a major dilution event — promoter holding will fall from 38.48% to 31.39% and total shares will rise from 75.3 cr to 92.3 cr. Existing public shareholders will be diluted, though the deal gives BCSSL entry into the energy + AI infrastructure segment via GIX's assets (including ~196.7 acres at Chhatrapur, Odisha). Stock price may react to the dilution and the strategic diversification angle; voting rights of existing shareholders will be reduced in proportion.