Penny Stock Under Rs 30: Board to Meet on June 27, 2025, for Rs 2,000 Crore Borrowing Limit Increase
The stock is up over 90 per cent from its 52-week low of Rs 14.95 per share.
Blue Cloud Softech Solutions Limited's Board of Directors will meet on June 27, 2025, to increase its maximum long-term borrowing limit to Rs 2,000 Crore, encompassing both non-fund-based and fund-based facilities. This amount can also be the aggregate of the company's paid-up capital, free reserves, and securities premium, whichever is higher. Member consent is sought via a Special Resolution for this crucial increase to support future business operations.
This enhanced borrowing power will enable the company to secure various loans, including debentures and bonds, in both rupee and foreign currencies. The total outstanding amount of these loans, including interest, charges, and other expenses, will not exceed the Rs 2,000 Crore limit or the higher of its paid-up capital, free reserves, and securities premium. This allows for flexible financing through diverse instruments.
Blue Cloud Softech Solutions Ltd acquires AIS Anywhere for Rs 730.54 crore through a preferential issue of 31.68 crore equity shares. This share swap, exchanging 4.95 Blue Cloud shares for every 1 AIS Anywhere share, makes AIS Anywhere a wholly-owned subsidiary, targeting growth and US market expansion.
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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.
The stock is up over 90 per cent from its 52-week low of Rs 14.95 per share. 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 1,200 crore.
Disclaimer: The article is for informational purposes only and not investment advice.