Key Quantitative Figures
- Number of shares allotted: 50,00,000 Equity Shares of face value ₹10 each
- Allotment price: ₹10 per share
- Total consideration: ₹5,00,00,000
- Amit Mahendrabhai Shah received: 10,000 shares (0.19% of post-allotment capital)
- Neolite Polymer Industries Private Limited received: 49,90,000 shares (94.68% of post-allotment capital)
- Total promoter holding post-allotment: 50,00,000 shares (94.87% of voting capital)
- Post-allotment equity share capital: ₹5,27,04,460 divided into 52,70,446 Equity Shares of ₹10 each
Dates of Action
- Date of allotment/receipt of intimation: August 18, 2026
- Disclosure date: August 19, 2026
Parties Involved
Acquirers/Promoters:
- Amit Mahendrabhai Shah (individual)
- Neolite Polymer Industries Private Limited
Target Company: Blue Blends (India) Limited (Scrip Code: 502761, Symbol: BLUEBLENDS)
Regulatory Authorities:
- SEBI (Substantial Acquisition of Shares & Takeovers Regulations, 2011)
- National Company Law Tribunal, Mumbai Bench
- National Company Law Appellate Tribunal, New Delhi
Mode of Acquisition
Preferential Allotment pursuant to the Approved Resolution Plan and Orders of Adjudicating Authorities under the Insolvency and Bankruptcy Code, 2016.
Capital Structure Impact
- Pre-acquisition holding of promoters: 0 shares (0.00%)
- Post-acquisition holding of promoters: 94.87% of total voting capital
- The acquisition resulted in significant change in ownership structure with promoters acquiring controlling stake
- No encumbrances, warrants, convertible securities, or other instruments involved
Additional Information
- The acquirers belong to Promoter/Promoter Group of the company
- Shares are listed on BSE Limited and National Stock Exchange of India Limited
- Disclosure submitted to listing departments of both exchanges
- Copy marked to Compliance Officer of Blue Blends (India) Limited