Blue Blends (India) Ltd

Blue Blends (India) Ltd — Trading window closed from Thursday, October 01, 2026 till 48 hours after the declaration and publication of Un-audited standalone and consolidated financial results for the quarter ended September 30, 2026.

Secretarial Auditor Name Change

• The Secretarial Auditor's name changes from ALAP & Co. LLP to Prasad and Partners LLP.
• Terms of appointment, tenure, and scope remain unchanged.
• FY 2025-26 secretarial audit engagement remains in place.
• The company has requested stock exchanges to update their records.
• Intimation date is September 24, 2026.

Promoter preferential allotment

• Preferential allotment of 50,00,000 fresh shares under a resolution plan.
• Exemption from open offer: Regulation 10(1)(da).
• Acquirers: Promoter (individual); Neolite Polymer Industries Private Limited.
• Transferors: Not applicable.
• Total shares issued: 50,00,000.
• Acquirer 1 shares: 10,000 (0.19%).
• Acquirer 2 shares: 4,990,000 (94.68%).
• Pre-transaction holdings: Acquirers held 0 shares.
• Post-transaction promoter stake: 94.87% total; public ~5.13%.
• Method: Off-market preferential allotment under approved resolution plan.
• Consideration: Rs 10 per share; paid.
• NCLT Mumbai Bench order: resolution plan approval.
• IA 1255/2025: order.
• IA 2449/2025: order.
• NCLAT: Company Appeal No. 161 of 2026.

Acquisition details

• Allotment of 50,00,000 equity shares at Rs 10 to promoters on 18 Aug 2026.
• Post-acquisition promoter shareholding: 94.87% via 52,70,446 shares.
• Pre-acquisition promoter holding: 0%.
• Acquisition under Approved Resolution Plan and orders under IBC.
• Acquirer: Neolite Polymer Industries Pvt Ltd (promoter).
• Total equity capital after: Rs 5,270,460 across 52,70,446 shares.
• NCLT Mumbai Bench and NCLAT approvals under IBC.
• Date of allotment/intimation: 18 August 2026.

Key transaction details

• Target: Blue Blends (India) Limited.
• Acquirers: Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited (PACs).
• Acquirers belong to promoter/promoter group of the target.
• Shares listed on BSE and NSE.
• Pre-acquisition holdings: Amit 0 shares; Neolite 0 shares (0%).
• No encumbrances on the shares acquired.
• Voting rights acquired: Amit 10,000 (0.19%); Neolite 4,990,000 (94.68%).
• Total voting shares acquired: 5,000,000 (94.87%).
• Post-acquisition: Amit 10,000 (0.19%); Neolite 4,990,000 (94.68%).
• Mode: via approved Resolution Plan under IBC with NCLT/NCLAT orders.
• Date of allotment: 18 August 2026.
• Equity share capital before: Nil.
• Equity share capital after: Rs 5,27,04,460 across 52,70,446 shares.
• Total diluted post-acquisition: Rs 5,27,04,460 across 52,70,446 shares.
• Face value: Rs 10 per share.
• Salient features: Not applicable.

Key actions and equity restructuring

• Cancellation of promoter/promoter group shares: 1,15,09,470 shares, without payment.
• Cancellation of public shares on Record Date (April 17, 2026): 1,01,41,743 shares; 2,70,446 new shares allotted.
• Public share allotment at 4:150 ratio; 2,70,446 new shares issued to public.
• Allotment of 50,00,000 fresh equity shares on preferential basis at ₹10 each.
• 10,000 preferential shares allotted to Amit Mahendrabhai Shah; 49,90,000 to Neolite Polymer Industries Private Limited.
• Board meeting held on August 18, 2026 from 4:00 pm to 4:30 pm IST.
• Actions undertaken under Approved Resolution Plan and adjudicating authorities' orders.

Financial results approved

• Board approved unaudited standalone and consolidated results for quarter ended 30 June 2026, with year-to-date figures.
• Limited Review Report accompanying the results was approved.

NCLT-driven capital restructuring

• NCLT-resolution plan extinguishes all equity and preference shares without payment.
• Reduction of share capital without further approvals; relisting to be pursued.
• SRA to subscribe to new equity on a preferential basis; under implementation.

Governance and disclosures

• Audit Committee reviewed and recommended results; Board approved on 14 August 2026.
• Consolidated results include Blue Blends (Holding) and Bindal Synthetics; two reportable segments.

Meeting Details

• Date: August 14, 2026; time and venue not disclosed.

Key Agenda Items

• Unaudited standalone and consolidated financial results for quarter ended June 30, 2026 to be considered.
• Other items as decided by the Board.

Other Notes

• Trading window closed for insiders since July 1, 2026 (per June 25, 2026 intimation).

Dematerialisation update

• No dematerialisation/rematerialisation requests were received in the reporting quarter.
• Certificates received for dematerialisation were confirmed to depositories and securities listed on exchanges.
• Received certificates were mutilated and cancelled after verification; depository name substituted as owner within timelines.