SUMMARY OF THE EGM OF THE COMPANY HELD ON 10.07.2025
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Blue Cloud Softech Solutions Limited held its 2nd Extra Ordinary General Meeting (EGM) of FY2025-26 on Thursday, July 10, 2025, via video conference. The meeting was a short one, running from 4:00 PM to 4:11 PM. It was chaired by Whole Time Director Manoj Sandilya Telakapalli, with the Chairman of the Investor Grievances Committee and a representative of the Statutory Auditors also in attendance. CS Sarada Putcha was appointed as the Scrutinizer for the voting process. The key item of business transacted was the acquisition of M/s AIS Anywhere through a swap of equity shares via preferential allotment.
The EGM approved an acquisition of AIS Anywhere funded entirely through a share swap, meaning no cash is being deployed but new shares will be issued, which may lead to dilution of existing shareholders' stakes. Shareholders should watch for the scrutinizer's report and the final allotment details to assess the extent of dilution.