Blue Blends (I) Limited (BLUEBLENDS)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Blue Blends' revenue was ₹59.3 Cr, and net profit ₹-5.5 Cr (a bigger loss than a year earlier); the operating margin was -2.0%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹59.3 | — | -20.4% |
| Operating profit | ₹-1.2 | loss narrowed | loss widened |
| Net profit | ₹-5.5 | loss widened | loss widened |
| EPS (₹) | -2.55 | loss widened | loss widened |
| Operating margin | -2.0% | — | — |
📢 Recent Corporate Announcements
Blue Blends (India) Limited submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The confirmation, issued by Registrar & Share Transfer Agent Purva Sharegistry (India) Pvt. Ltd., confirms the processing and mutilation of physical share certificates received for dematerialisation. The filing is an ordinary procedural disclosure with zero impact on company operations, revenues, or profitability.
- Compliance certificate submitted under Regulation 74(5) for the quarter ended September 30, 2026
- Issued by RTA Purva Sharegistry (India) Pvt. Ltd. dated October 1, 2026
- Covers dematerialisation activities spanning July 1, 2026 to September 30, 2026
Blue Blends (India) Limited's Board has approved submitting an application to the Registrar of Companies (ROC), Mumbai, seeking an extension of time to conduct its 45th Annual General Meeting (AGM) for FY26. The company is requesting a 3-month extension beyond the statutory deadline of September 30, 2026, targeting a revised date up to December 31, 2026. The proposed extension remains subject to formal regulatory approval from the ROC, and outcomes will be disclosed upon receipt.
- Board approved filing under Section 96(1) of the Companies Act, 2013 on September 08, 2026
- Extension sought for 3 months beyond the statutory due date of September 30, 2026
- Proposed revised deadline to hold the 45th AGM is up to December 31, 2026
- Board meeting commenced at 4:00 p.m. and concluded at 4:30 p.m. on September 08, 2026
Blue Blends (India) Limited disclosed the preferential allotment of 50,00,000 fresh equity shares (face value ₹10) at ₹10 per share, amounting to ₹5 crore. The allotment is executed pursuant to the approved Resolution Plan under the Insolvency and Bankruptcy Code (IBC). Neolite Polymer Industries Private Limited was allotted 49,90,000 shares, while Amit Mahendrabhai Shah received 10,000 shares as incoming promoters/acquirers. The transaction is exempt from mandatory open offer obligations under Regulation 10(1)(da) of SEBI SAST Regulations.
- Preferential allotment of 50,00,000 fresh equity shares of face value ₹10 each at ₹10 per share.
- Neolite Polymer Industries Private Limited allotted 49,90,000 shares; Amit Mahendrabhai Shah allotted 10,000 shares.
- Transaction executed pursuant to NCLT Mumbai order dated Dec 6, 2024 and NCLAT order dated Feb 18, 2026.
- Exempt from open offer requirements under Regulation 10(1)(da) of SEBI (SAST) Regulations, 2011.
Neolite Polymer Industries Private Limited and Amit Mahendrabhai Shah have acquired a 94.87% stake in Blue Blends (India) Limited pursuant to an approved NCLT Resolution Plan. A total of 50,00,000 equity shares of face value Rs. 10 each were allotted at Rs. 10 per share on August 18, 2026. Neolite Polymer holds 49,90,000 shares (94.68%) and Amit Shah holds 10,000 shares (0.19%), marking the formal handover of control under the Insolvency and Bankruptcy Code (IBC). Total post-allotment equity capital stands at Rs. 5.27 crore across 52,70,446 shares.
- 50,00,000 equity shares allotted at Rs. 10 per share pursuant to the approved IBC Resolution Plan
- Acquirers' combined holding rises from 0% to 94.87% (Neolite Polymer: 94.68%, Amit Shah: 0.19%)
- Post-acquisition equity share capital is Rs. 5,27,04,460 divided into 52,70,446 equity shares
- Allotment follows NCLT Mumbai bench approval dated Dec 6, 2024 and NCLAT order dated Feb 18, 2026
Blue Blends (India) Limited's Board has approved capital restructuring in accordance with the NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code. The company extinguished 100% of existing promoter shareholding (1,15,09,470 equity shares) without consideration. Existing public equity (1,01,41,743 shares) was reduced to 2,70,446 shares in a 4-for-150 ratio (a ~97.33% reduction). Concurrently, 50,00,000 fresh equity shares of Rs 10 each were allotted on a preferential basis to Neolite Polymer Industries (49,90,000 shares) and Amit Mahendrabhai Shah (10,000 shares) to transfer control.
- 1,15,09,470 promoter shares completely cancelled and extinguished without any consideration
- 1,01,41,743 public shares reduced to 2,70,446 shares via a 4:150 share reduction ratio
- 50,00,000 fresh equity shares allotted at Rs 10 each (49,90,000 to Neolite Polymer Industries, 10,000 to Amit Shah)
- Resolution plan implemented following NCLT Mumbai and NCLAT orders
Blue Blends (India) Limited's Board approved the implementation of its NCLT-approved Resolution Plan under the Insolvency and Bankruptcy Code. All 1,15,09,470 existing promoter shares have been cancelled without consideration. Existing public equity (1,01,41,743 shares) is reduced to 2,70,446 shares in the ratio of 4 new equity shares for every 150 existing shares. Additionally, 50,00,000 fresh equity shares (FV ₹10) are allotted at ₹10 per share (₹5 crore), primarily to Neolite Polymer Industries Private Limited (49,90,000 shares).
- Cancellation of 1,15,09,470 existing promoter equity shares without consideration
- Public share reduction from 1,01,41,743 to 2,70,446 shares in a 4:150 ratio
- Preferential allotment of 50,00,000 fresh equity shares of ₹10 face value at ₹10 each
- Neolite Polymer Industries allotted 49,90,000 shares; Amit Mahendrabhai Shah allotted 10,000 shares
- Approved following NCLT Mumbai and NCLAT New Delhi orders
Blue Blends (India) Limited reported standalone revenue from operations of Rs 59.33 crore for the quarter ended June 30, 2026, down 20.4% from Rs 74.55 crore in Q4 FY26. Standalone net loss widened significantly to Rs 4.90 crore compared to a loss of Rs 0.65 crore in the preceding quarter, primarily driven by a deferred tax charge of Rs 4.19 crore. Crucially, the auditor and company notes confirmed that the NCLT-approved Resolution Plan is under implementation, under which 100% of the existing equity and preference share capital will be extinguished without any payout to existing shareholders.
- Standalone revenue from operations was Rs 5,932.50 lakhs in Q1 ended June 30, 2026, vs Rs 7,455.43 lakhs in Q4 FY26.
- Standalone net loss stood at Rs 489.51 lakhs for Q1, impacted by a deferred tax expense of Rs 418.90 lakhs.
- Consolidated net loss for the quarter ended June 30, 2026, was Rs 553.03 lakhs.
- Under the NCLT order, existing paid-up equity share capital of Rs 2,165.12 lakhs will be extinguished/cancelled with zero payment to existing shareholders.
Blue Blends (India) Limited has filed its Structured Digital Database (SDD) compliance certificate for the period April 14, 2026, to July 22, 2026. The company successfully captured 2 required events during this timeframe as per SEBI (Prohibition of Insider Trading) Regulations. Although the auditor noted that some entries were recorded after the actual date of sharing information, the company has since implemented new SDD software to ensure prompt future compliance. The database is confirmed to be non-tamperable with an 8-year record maintenance capability.
- 2 events were required to be captured and 2 were successfully recorded in the database
- The Structured Digital Database is designed to maintain non-tamperable records for 8 years
- Compliance period reviewed spans from April 14, 2026, to July 22, 2026
- New SDD software was implemented during the period to strengthen internal controls and promptness
Blue Blends (I) Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The report, issued by Purva Sharegistry (India) Pvt. Ltd, confirms that no share certificates were received for dematerialization during the period from April 1, 2026, to June 30, 2026. This is a standard administrative filing to ensure the company's share registry matches depository records.
- Zero (NIL) share certificates were dematerialized during the quarter ended June 30, 2026
- Compliance confirmed for the period starting April 1, 2026, to June 30, 2026
- The Registrar & Share Transfer Agent (RTA) involved is M/s. Purva Sharegistry (India) Pvt. Ltd
- The filing confirms adherence to SEBI (Depositories and Participants) Regulations, 2018
Blue Blends (India) Limited has informed the exchanges that its trading window for dealing in equity shares will be closed starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter ended June 30, 2026. The restriction applies to all designated persons and insiders of the company. The window will remain closed until 48 hours after the declaration and publication of the audited standalone and consolidated financial results.
- Trading window closure begins on Wednesday, July 01, 2026
- Closure is for the purpose of declaring financial results for the quarter ended June 30, 2026
- Restriction applies to all designated persons as per the Company's Code of Conduct
- Window to reopen 48 hours after the publication of audited standalone and consolidated results
Blue Blends (I) Limited reported a massive jump in annual revenue to ₹15,314.97 Lakhs for FY26, compared to just ₹526.30 Lakhs in FY25, primarily driven by high stock-in-trade purchases. Despite the top-line growth, the company reported a net loss of ₹143.47 Lakhs for the full year, widening from a loss of ₹72.83 Lakhs in the previous year. For the quarter ended March 31, 2026, the company posted a loss of ₹65.09 Lakhs, which is an improvement over the ₹108.03 Lakhs loss in the same quarter last year, but a decline from the profit recorded in the preceding quarter.
- Annual revenue from operations skyrocketed by over 2,800% YoY to ₹15,314.97 Lakhs in FY26.
- Net loss for the full year widened to ₹143.47 Lakhs from ₹72.83 Lakhs in FY25.
- Q4 FY26 revenue stood at ₹7,455.43 Lakhs, representing nearly 49% of the total annual turnover.
- The company's reserves remain significantly negative at ₹1,647.60 Lakhs as of March 31, 2026.
- Statutory auditors issued an unmodified opinion on both standalone and consolidated financial results.
Blue Blends (I) Limited held a board meeting on May 21, 2026, to finalize key auditor appointments for the fiscal year 2025-26. The company appointed M/s. ALAP & Co. LLP as the Secretarial Auditor to ensure compliance with corporate laws and listing regulations. Additionally, M/s. G. R. Modi & Co., Chartered Accountants, was appointed as the Internal Auditor to oversee risk assurance and financial controls. These appointments are part of the company's annual regulatory compliance cycle and do not impact immediate financial performance.
- Appointment of M/s. ALAP & Co. LLP as Secretarial Auditor for the financial year 2025-26.
- Appointment of M/s. G. R. Modi & Co. (FRN: 112617W) as Internal Auditor for FY 2025-26.
- The board meeting was conducted on May 21, 2026, lasting 30 minutes from 05:30 P.M. to 06:00 P.M.
Blue Blends (India) Limited has announced the appointment of M/s. ALAP & Co. LLP as the Secretarial Auditor and M/s. G, R. Modi & Co. as the Internal Auditor for the financial year 2025-26. These appointments were approved during a board meeting held on May 21, 2026, to ensure compliance with corporate laws and internal risk management. The firms bring expertise in corporate governance, statutory audits, and risk assurance. This is a routine regulatory procedure to maintain transparency and oversight for the upcoming fiscal year.
- M/s. ALAP & Co. LLP appointed as Secretarial Auditor for the financial year 2025-26.
- M/s. G, R. Modi & Co. (FRN: 112617W) appointed as Internal Auditor for the financial year 2025-26.
- Board meeting held on May 21, 2026, commenced at 05:30 P.M. and concluded at 06:00 P.M.
- Appointments made in compliance with SEBI Listing Regulations and circulars dated January 30, 2026.
Blue Blends (I) Limited has released its delayed financial results for the first three quarters of FY 2025-26 following the approval of its insolvency resolution plan. For Q1 FY26, the company reported a total revenue of ₹96.39 lakhs and a net loss of ₹162.50 lakhs, compared to a profit of ₹7.52 lakhs in the same period last year. Most critically, the NCLT-approved resolution plan mandates the total extinguishment and cancellation of all existing equity and preference share capital without any payment to current shareholders. The company is currently transitioning to new management and implementing fresh equity infusion by the Successful Resolution Applicant.
- Total revenue for Q1 FY26 fell to ₹96.39 lakhs from ₹139.81 lakhs in Q1 FY25.
- Reported a net loss of ₹162.50 lakhs for the quarter ended June 30, 2025.
- Existing paid-up equity capital of ₹21.65 crore will be cancelled with zero compensation to current shareholders.
- Resolution plan implementation is underway following NCLAT clarification dated February 18, 2026.
- New management is in the process of streamlining regulatory compliance and seeking re-listing of new shares.
Blue Blends (India) Limited has released its delayed financial results for the quarter ended June 30, 2025, following its exit from the Corporate Insolvency Resolution Process (CIRP). The company reported a net loss of ₹162.50 lakhs for Q1 FY26, compared to a profit of ₹7.52 lakhs in the same period last year. Most critically, the NCLT-approved resolution plan mandates the complete extinguishment and cancellation of all existing equity and preference share capital without any payment to current shareholders. The new management is currently infusing fresh equity and working toward re-listing the company.
- Net loss of ₹162.50 lakhs in Q1 FY26 vs a profit of ₹7.52 lakhs in Q1 FY25.
- Total revenue declined to ₹96.39 lakhs in Q1 FY26 from ₹139.81 lakhs in the year-ago quarter.
- Existing equity share capital of ₹2,165.12 lakhs is to be extinguished with zero payout to current shareholders.
- Successful Resolution Applicant (SRA) to infuse fresh equity on a preferential basis as per NCLT order dated December 06, 2024.
- Delays in financial reporting were attributed to the transition of management and legal clarifications regarding Rule 19A(5) of SCRA Rules.
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