IT Penny Stock Under Rs 25 Hits Back-to-Back Upper Circuits: Board to Meet on June 05 for Fund Raising
The stock is up by 54.1 per cent from its 52-week low of Rs 14.95 per share.
On Tuesday, the shares of Blue Cloud Softech Solutions Ltd hit a 2 per cent upper circuit to Rs 23.04 per share from its previous closing of Rs 22.59 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 by 54.1 per cent from its 52-week low of Rs 14.95 per share. The stock has been hitting the upper circuit for the 9th straight day.
Blue Cloud Softech Solutions Ltd informed that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, June 05, 2025 at 05.00 PM inter alia to consider the following:
- Raising of funds by way of issuance of securities on a preferential basis, subject to regulatory and other approvals, as may be required.
- Notice convening general meeting / postal ballot process to seek approval of the shareholders in respect of the aforesaid proposal will be shared separately.
- Any other business with the permission of the chair.
Earlier, the board had approved a significant Rs 1,300 crore investment limit for domestic and/or international entities, exceeding the typical provisions of Section 186 of the Companies Act, 2013, to fuel future growth. Additionally, in a strategic move, the company will acquire New Jersey-based global technology solutions provider AIS Anywhere for Rs 752.32 crore through a share swap deal, issuing 5 of its shares for every 1 AIS Anywhere share, making it a wholly-owned subsidiary. This acquisition aims to expand Blue Cloud's footprint in the US market, leveraging AIS Anywhere's expertise in AI, data analytics, cybersecurity, IoT, and enterprise solutions.
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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.
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.