Date: September 29, 2026

Board Meeting Outcomes

  • The Board of Directors of Bluspring New Horizon Two Private Limited (Transferor Company) and LSG Sky Chefs India Private Limited (Transferee Company) approved the Scheme of Amalgamation under Section 233 of the Companies Act, 2013 read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
  • Both companies are unlisted and the amalgamation is subject to regulatory approvals and compliance with law.

Entity Details

Bluspring New Horizon Two Private Limited (Transferor Company):

  • Incorporated on February 9, 2026 as a wholly owned subsidiary of Bluspring Enterprises Limited
  • First financial year from February 9, 2026 to March 31, 2027 (no turnover reported for FY26)
  • Established as part of group's expansion into food and catering services
  • Business: Provides food preparation, supply, cafeteria, canteen and catering solutions for institutional, commercial and industrial establishments

LSG Sky Chefs India Private Limited (Transferee Company):

  • Founded in 2001
  • Became wholly owned step-down subsidiary effective August 6, 2026 through acquisition by Transferor Company
  • FY26 Turnover: ₹189.08 Crores (based on audited financials as of March 31, 2026)
  • Business: Primarily engaged in airline catering and in-flight logistics

Amalgamation Rationale

  • Simplification of existing holding structure and reduction of shareholding tiers
  • Removal of impediments in expansion plans and creating enhanced shareholder value
  • Streamline decision-making processes and reduce regulatory compliances applicable to multiple entities
  • Improved governance clarity and organizational capability
  • Cost savings expected from synergies through joint operational efforts, rationalization, and standardization of business processes
  • Elimination of duplication of administrative expenses currently divided between two entities
  • Efficient pooling of financial resources leading to centralized fund management
  • Greater economies of scale and stronger resource base for future growth

Consideration Terms

  • Non-cash consideration
  • Share exchange ratio: For every 1 fully paid-up equity share (face value ₹10 each) of Bluspring New Horizon Two Private Limited held by Bluspring Enterprises Limited, 1 fully paid-up equity share (face value ₹10 each) of LSG Sky Chefs India Private Limited will be issued and allotted to Bluspring Enterprises Limited

Shareholding Impact

  • No change in shareholding pattern of listed entity
  • The scheme will result in elimination of one layer of subsidiary of the Company

Regulatory Status

  • The amalgamation falls within related party transactions but is exempt under Regulation 23(5)(c) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Disclosure made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026