IT Penny Stock Under Rs 25: Board to Meet on June 13 for the acquisition of AIS Anywhere
The stock is up over 60 per cent from its 52-week low of Rs 14.95 per share.
On Wednesday, the shares of Blue Cloud Softech Solutions Ltd hit a 2 per cent lower circuit to Rs 23.95 per share from its previous closing of Rs 24.43 per share. The stock’s 52-week high is Rs 130.50 per share and its 52-week low is Rs 14.95 per share. The stock is up over 60 per cent from its 52-week low of Rs 14.95 per share.
A Board of Directors meeting for Blue Cloud Softech Solutions Ltd is scheduled for Friday, June 13, 2025, at 4:00 PM. The key agenda item is to reconsider the date of June 10, 2025, for acquiring New Jersey-based AIS Anywhere. This will involve determining the share swap ratio for the acquisition. A separate notice will be issued to convene a General Meeting to seek shareholder approval for this proposal.
Blue Cloud's board approved a substantial ₹1,300 crore investment limit for future growth. The acquisition of AIS Anywhere for ₹752.32 crore through a share swap deal (5 Blue Cloud shares for every 1 AIS Anywhere share) will make it a wholly-owned subsidiary. This strategic move aims to bolster Blue Cloud's presence in the US market and leverage AIS Anywhere's expertise in AI, data analytics, cybersecurity, IoT, and enterprise solutions.
About the Company
Headquartered in Hyderabad, Telangana, Blue Cloud Softech Solutions Limited (BCSSL) is a pioneering provider of AIoT-based solutions specialising in AI-driven healthcare and technology products. With a steadfast commitment to innovation, BCSSL empowers businesses and communities alike by delivering cutting-edge, indigenous technology solutions that drive measurable transformation.
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According to Quarterly Results, the company reported net sales of Rs 183.62 crore in Q4FY25 and net profit increased by 52 per cent to Rs 13.04 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 59 per cent to Rs 796.86 crore and net profit increased by 175 per cent to Rs 44.27 crore in FY25 compared to FY24.
Shares of Blue Cloud Softech Solutions Limited ex-traded stock split in the ratio 2:1, i.e., sub-division of equity shares of the company having a Face Value of Rs 2 each (fully paid-up) into one equity share of face value of Re 1 each (fully paid-up). The ex-date for the stock split was Monday, January 20, 2025. The company has a market cap of over Rs 1,000 crore.
Disclaimer: The article is for informational purposes only and not investment advice.