Nature of the Event

Blue Star Limited has provided an update on the completion of sale and transfer of the MedTech business of its wholly owned subsidiary, Blue Star Engineering & Electronics Limited (Blue Star E&E), to Cyrix Healthcare Private Limited (Cyrix).

Transaction Details

  • Business Transfer Agreement Date: Executed on August 14, 2026
  • Effective Transfer Date: September 1, 2026
  • Confirmation Time: Acknowledged by Cyrix on September 1, 2026 at 11:30 PM
  • Transaction Type: Slump sale of MedTech business as a going concern
  • Business Description: High-end medical diagnostic equipment and services

Financial Details

  • Consideration: Up to ₹40,00,00,000 (Rupees Forty Crores) as per the terms of the Business Transfer Agreement
  • Payment Structure: Payable in tranches, subject to adjustments, with final tranche payable on March 31, 2027
  • FY2026 MedTech Division Performance:
  • Total income: ₹42.13 crores
  • Percentage of consolidated income from operations: 0.33%
  • Net worth: ₹7.11 crores (as of March 31, 2026)
  • Percentage of consolidated net worth: 0.21%

Parties Involved

  • Seller: Blue Star Engineering & Electronics Limited (wholly owned subsidiary of Blue Star Limited)
  • Buyer: Cyrix Healthcare Private Limited
  • Buyer Profile: Leading pan-India Total MedTech Management Solutions provider with over 22 years of industry experience

Corporate Governance

  • Board Meeting: Blue Star E&E Board meeting held on August 14, 2026 (6:15 PM to 6:45 PM)
  • Related Party Status: Cyrix is not part of the Promoter or Promoter Group of Blue Star Limited
  • Transaction Classification: Does not fall within related party transactions
  • Scheme of Arrangement: Transaction is outside the scope of Scheme of Arrangement
  • Regulation 37A: Provisions not applicable to this transaction

Business Profiles

  • Blue Star E&E: Leading provider of comprehensive engineering solutions in India across Data Security, MedTech and Industrial Solutions
  • Cyrix Healthcare: Total MedTech Management Solutions provider

Rationale

The Business Transfer is being undertaken to focus on strategic priorities.

Additional Information

  • No change in shareholding pattern of the listed entity
  • The information has been placed on the company website at www.bluestarindia.com
  • Disclosure signed by Rajesh Digambar Parte, Company Secretary & Compliance Officer (Membership No.: A10700) on September 2, 2026