Outcome of the Meeting of the Board of Directors held on Monday, 24 August 2026 - In-principle approval for proposed acquisition

Date: 24 August 2026 The General Manager - Listing Compliance, The Manager - Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai 400 001 Mumbai 400 051 Scrip Code: 539607 Symbol: BLUECLOUDS Sub: Outcome of the Meeting of the Board of Directors held on Monday, 24 August 2026 - In- principle approval for proposed acquisition. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held today, has considered and approved, inter alia, the following: 1. Granted its in-principle approval to evaluate and negotiate the proposed acquisition of up to 100% of the equity of CareTech AI Inc., a company incorporated in the United States, together with its wholly owned subsidiaries CareCareer Tech LLC and Envision NJ LLC (together, the "Target Group"), with the consideration proposed to be discharged by way of a share swap through a preferential allotment of equity shares of the Company in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018, subject in all respects to satisfactory due diligence, independent valuation, a fairness opinion, definitive agreements and all corporate, shareholder, stock exchange and regulatory approvals; 2. Authorised the appointment of a SEBI-registered valuer, a merchant banker and due diligence advisors, and constituted a committee of the Board to negotiate a non-binding term sheet and oversee the diligence process. CareTech AI Inc. is a United States based AI-first healthcare technology and services company. Through CareCareer Tech LLC it operates an AI-enabled healthcare workforce platform serving acute, post-acute, behavioural health, school and correctional healthcare systems in the United States, and through Envision NJ LLC it provides enterprise automation and orchestration solutions. As indicated by the management of the Target Group on a consolidated basis, revenue was approximately US$80.2 million for calendar year 2025 and approximately US$67.7 million for the seven months ended 31 July 2026, with revenue of approximately US$116 million estimated for the full calendar year 2026. These figures are as indicated by the Target Group's management, are subject to independent verification in due diligence, and the Target Group's CPA-reviewed financial statements are to be furnished to the Company and its advisors following this approval. None of the promoters, members of the promoter group, directors or key managerial personnel of the Company, or their relatives, holds any interest in the Target Group, and the proposed transaction does not constitute a related party transaction. This position will be reconfirmed on the basis of the Target Group's capitalisation records before definitive agreements. Blue Cloud Softech Solutions Limited P: +91 84660 22022 Regd. Off: Plot No 38, 5th Floor, N E: info@bluecloudsoftech.com Heights, Siddiq Nagar, Hitech City, www.bluecloudsoftech.com CIN: L72200TG1991PLC013135 Madhapur, Hyderabad, Telangana-500081 No letter of intent, term sheet or binding agreement has been executed, and no binding commitment arises from the above. The consideration and the number of equity shares proposed to be allotted have not been determined and will follow the report of the SEBI-registered valuer and the pricing provisions of the SEBI ICDR Regulations. The detailed disclosures prescribed under the SEBI Master Circular for material events, including the consideration, will be made upon approval of definitive terms by the Board. An investor presentation on the proposed transaction is enclosed and is also being made available on the Company's website. The meeting of the Board of Directors commenced at 4.30 p.m and concluded at 4.45 p.m. This is for your information and records. Thanking you, Yours faithfully, For Blue Cloud Softech Solutions Limited MHVSN Sambhu Prasad Company Secretary & Compliance Officer Encl: as above. Blue Cloud Softech Solutions Limited P: +91 84660 22022 Regd. Off: Plot No 38, 5th Floor, N E: info@bluecloudsoftech.com Heights, Siddiq Nagar, Hitech City, www.bluecloudsoftech.com CIN: L72200TG1991PLC013135 Madhapur, Hyderabad, Telangana-500081 COMPANY PROFILE · AUGUST 2026 CareTech AI Inc. AI Technology That Cares. · AI-first healthcare technology, built for real care delivery · United States OVERVIEW CareTech AI Inc. is a US-based, AI-first healthcare technology company building intelligent healthcare software, analytics platforms, IoT applications and connected-care solutions for hospitals, health systems, diagnostic centres, home healthcare providers, institutions and care delivery networks. The company brings together software development, artificial intelligence, remote-care infrastructure, analytics, IoT screening and workflow automation into one connected platform, with privacy and security designed in from the outset (HIPAA, GDPR and DPDP-aware). CareTech AI Inc. operates through two wholly owned subsidiaries: CareCareer Tech LLC, an AI-powered healthcare workforce platform operating six brands across acute, post-acute, behavioural, school and correctional healthcare settings; and Envision NJ LLC (Envision AI), which provides governed enterprise automation and orchestration. VISION AND MISSION Vision: to become a trusted global healthcare technology company that uses artificial intelligence, secure digital platforms and human-centred design to make healthcare more connected, accessible, efficient and outcome- driven. Mission: to build practical, secure and scalable healthcare technology that helps healthcare organisations improve care coordination, workforce efficiency, patient engagement, operational visibility and clinical decision support — with AI supporting care, never replacing human judgment. WHAT WE BUILD — FOUR DIVISIONS, ONE CONNECTED PLATFORM • Remote Healthcare Management — telehealth management, biomarker and vital screening (BP, SpO₂, glucose, ECG) with AI trend detection and risk flagging, and homecare centre management. • Healthcare Support & Services — clinician workforce enablement, credentialing, shift and schedule management, and secure messaging and payout visibility across correctional, school, behavioural health and post-acute settings. • Longevity Center Technology — member enrolment, biomarker tracking, wearable and IoT integration, and AI-powered healthspan and risk analytics for preventive care. • AI-Diagnostic Center Solutions — diagnostic centre management, automated reporting and lab trend detection, AI clinical decision support and patient-friendly multi-language reports. Technology foundation: AI and machine learning, healthcare data analytics, IoT device integration, cloud-based platforms, mobile applications, API-first architecture, role-based access control and compliance-aware data handling. OPERATING SCALE 5,000+ 490+ 80+ Clinical strength Active client sites Government contracts RNs, physicians, nurse Across six connected care State and federal correctional practitioners and specialists segments nationwide healthcare programmes and across 30+ categories public-sector health systems CareTech AI Inc. · Company Profile · August 2026 · Page 1 Client network spans acute care hospitals and health systems (330+), post-acute, senior care and rehabilitation (100+), corrections and government healthcare (30+, including a statewide relationship with the California Department of Corrections and Rehabilitation covering 31 institutions), behavioural health and community care, education and school health, and home care, hospice and pharmacy services. Long-term, compliance-heavy government contracts provide durable, recurring revenue and deep institutional relationships. Operational metrics as indicated by CareTech AI management; subject to verification in due diligence. FINANCIAL PROFILE ~US$80M US$67.7M ~US$116M Re [Showing first 8,000 characters — download PDF for full document]