Blue Cloud Softech Solutions has informed that the convertible warrant holders, to whom the warrants were allotted on 19.07.2021, 10.12.2021 and 15.12.2021 on preferential basis, have exercised their rights for conversion and applied for conversion of warrants in to Equity Shares. Consequently, the Board of Directors in their meeting held yesterday has made the allotment of 1,79,00,000 Equity Shares of Face Value Rs 2 each, to the said convertible warrant holders as per the details are attached. Upon allotment of these Equity Shares, the paid-up capital of the Company has increased to Rs 11,04,01,600 comprising of 5,52,00,800 of Face Value of Rs 2 each. The Board meeting started at 4.00 pm and concluded at 12.35 am. Take the above on record and the same be treated as compliance under the applicable regulations under the SEBI Listing Regulations 2015.
The above information is a part of company’s filings submitted to BSE.
