Stock Split: Blue Cloud Softech's board to consider sub-division soon

Hyderabad-based IT company Blue Cloud Softech has informed exchanges that its board will meet soon to consider stock split of equity shares. The company, in an exchange filing, said that the meeting is scheduled to be held on October 16.

"A meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 16th October, 2024, at 4.00 PM to consider the sub-division/ split of equity shares of the Company pursuant to the provisions of Section 61(1)(d) of the Companies Act, 2013 and other applicable provisions and rules made there under," the company said.

The company has not shared any details about the record date. The record date is expected to be announced by the board on the same date (October 16).

Earlier, the company said that it had received ISO 9001-2015 and ISO 27001-2022 certifications.

"The ISO 9001:2015 certification ensures that Blue Cloud Softech maintains a robust quality management system that enhances customer satisfaction by consistently meeting client expectations. The ISO 27001:2022 certification demonstrates the company’s effective management of sensitive information, ensuring confidentiality, integrity, and availability of data," the company said in an exchange filing.

Commenting on the development, CFO and whole time director of Blue Cloud Softech Solutions Limited, Manoj Sandilya Telakapalli said that this is a significant milestone for the organization.