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Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited have acquired a total of 50,00,000 equity shares in Blue Blends (India) Limited through a preferential allotment at a price of Rs 10 per share, according to a regulatory filing on August 20, 2026. Amit Mahendrabhai Shah’s stake is 10,000 shares, representing 0.19% of the company`s share capital, while Neolite Polymer Industries Private Limited holds 49,90,000 shares, constituting 94.68%. The acquisition is exempt under Regulation 10(1)(da) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and follows an approved Resolution Plan and Order of Adjudicating Authorities.

Blue Blends (India) Limited announced that its Board approved the cancellation and extinguishment of 1,15,09,470 equity shares held by existing promoters and 1,01,41,743 equity shares held by public shareholders, alongside the allotment of 2,70,446 fully paid-up equity shares to those public shareholders. The company also approved the allotment of 50,00,000 fully paid-up fresh equity shares at a price of Rs 10 each, with 10,000 shares allocated to Amit Mahendrabhai Shah and 49,90,000 shares to Neolite Polymer Industries Private Limited, as part of an approved resolution plan and subsequent orders from the National Company Law Tribunal and National Company Law Appellate Tribunal.

Blue Blends (India) Limited announced that its Board approved the cancellation and extinguishment of 1,15,09,470 equity shares held by existing promoters and 1,01,41,743 equity shares held by public shareholders, alongside the allotment of 2,70,446 fully paid-up equity shares to those public shareholders. The company also approved the allotment of 50,00,000 fully paid-up fresh equity shares at a price of Rs 10 each, with 10,000 shares allocated to Amit Mahendrabhai Shah and 49,90,000 shares to Neolite Polymer Industries Private Limited, as part of an approved resolution plan and subsequent orders from the National Company Law Tribunal and National Company Law Appellate Tribunal.

Blue Blends (India) will hold a meeting of the Board of Directors of the Company on 14 August 2026.

Net Loss of Blue Blends (India) reported to Rs 0.64 crore in the quarter ended March 2026 as against net loss of Rs 1.10 crore during the previous quarter ended March 2025. Sales rose 6867.29% to Rs 74.55 crore in the quarter ended March 2026 as against Rs 1.07 crore during the previous quarter ended March 2025.For the full year,net loss reported to Rs 1.43 crore in the year ended March 2026 as against net loss of Rs 0.74 crore during the previous year ended March 2025. Sales rose 2811.60% to Rs 153.15 crore in the year ended March 2026 as against Rs 5.26 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales74.551.07 6867 153.155.26 2812 OPM %-0.40-2.80 --0.086.08 - PBDT-0.190.17 PL -0.030.52 PL PBT-0.51-1.10 54 -1.30-0.74 -76 NP-0.64-1.10 42 -1.43-0.74 -93 Powered by Capital Market - Live News