CHANDIGARH: Blue Cloud Softech Solutions Limited (BCS) (BSE: 539607), a leading provider of cutting-edge AIoT solutions, has announced that it is taking steps to strengthen its financial capabilities as it looks to support future growth. The company is seeking shareholder approval at its upcoming Extraordinary General Meeting on June 27, 2025, to increase its overall borrowing limit to ₹2,000 crore. This will give the company greater flexibility to raise funds for expansion, operations, and new business opportunities.To support this increased borrowing, Blue Cloud is also proposing to allow the creation of charges or mortgages on its assets, including both current and future properties. This would enable the company to offer adequate security to lenders when raising funds through loans or other instruments.These proposals will be put to vote by shareholders. The company believes these steps will help it stay agile and well-prepared for the next phase of growth.
Recently, The Board approved the revised relevant date 10.06.2025 for arrival of the Valuation for SWAP /ISSUE by passing a unanimous resolution for Issuance of 31,68,00,000 Equity Shares on a Preferential Basis wherein the company is purchasing 6,40,00,000 shares of M/s AIS Anywhere in lieu of issuance of 31,68,00,000 Equity Shares by way of share swap to Mrs. Janaki Yarlagadda (in the Capacity of Promoter) and M/s Siraj Holding LLC (in the capacity of Non Promoter / Public). 4.95 Equity Shares of Blue Cloud will be issued for every 1 share of M/s AIS Anywhere. This will result in M/s AIS Anywhere becoming the wholly owned subsidiary of the Company.
AIS Anywhere is a New Jersey based company and is a global technology solutions provider dedicated to empowering organizations to not only navigate but excel within the dynamic and often disruptive landscape of the digital age. The company positions itself as a strategic partner, offering a comprehensive suite of innovative products and services meticulously designed to optimize operational efficiency, fortify security infrastructure, drive sustainable growth, and ultimately, enhance the quality of life for individuals and communities.
Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Ltd (BCS) is an innovative AIoT solutions provider specializing in AI-based healthcare and technology products. With a commitment to delivering transformative solutions, BCS empowers businesses and communities through its cutting-edge technologies.
