Blue Cloud Softech Solutions Ltd has been acquired by ITTB Software Private Limited and Janaki Yarlagadda. Their shareholding pattern has not been be changed from public to promoter category at present.
Sudden increase in revenue will be due to business integration from new promoters.
New promoters infuse capital via warrants or preferential allotment. Sometimes they do rights issue as well.
Previous management and auditors will be replaced by the new promoters which will show that a lot of resignation is happening.
Complete balance sheet can be interpreted only when the new promoters integrate their business with this company completely. Till then it will show that everything is in the subsidiary or group company.
These are normal things to expect in a takeover case.
Disclaimer: I am not invested in this company.
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