Blue Blends (India) Limited successfully concluded its board meeting held on April 17, 2026, approving unaudited standalone and consolidated financial results for three quarters of FY26. The meeting, which commenced at 4:00 PM and concluded at 4:30 PM at the company's registered office, marked a significant milestone following the implementation of the NCLT-approved resolution plan.

Board Meeting Outcomes and Regulatory Compliance

The board meeting addressed multiple quarterly results in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The comprehensive review covered financial statements prepared by statutory auditors M/s. Shabbir & Rita Associates LLP (Firm Registration No. 109420W).

Financial Results Approval

The board considered and approved unaudited standalone and consolidated financial statements for multiple reporting periods, providing comprehensive insights into the company's performance across different quarters of FY26.

Key Financial Performance Highlights

The approved financial results reveal significant operational developments across the reporting periods. For Q1 FY26 (ended June 30, 2025), the company reported revenue from operations of ₹99.18 lakhs with a net loss of ₹162.50 lakhs. The Q2 FY26 performance showed substantial improvement with revenue from operations reaching ₹528.10 lakhs and achieving a net profit of ₹42.05 lakhs.

The Q3 FY26 results demonstrated remarkable growth with revenue from operations surging to ₹7,232.26 lakhs, primarily driven by the addition of a new trade and distribution segment contributing ₹6,586.60 lakhs.

Segment Performance Analysis

The company's financial results for Q3 FY26 revealed the emergence of two distinct business segments. The manufacturing segment generated revenue of ₹645.66 lakhs with a segment result of ₹11.70 lakhs, while the newly introduced trade and distribution segment contributed ₹6,586.60 lakhs in revenue with a segment result of ₹29.53 lakhs.

Resolution Plan Implementation Context

The company provided important context regarding the delayed submission of financial results. Blue Blends (India) Limited was admitted into Corporate Insolvency Resolution Process (CIRP) on December 02, 2021, with the NCLT approving the resolution plan on December 06, 2024. Subsequently, the Hon'ble NCLAT passed an order on February 18, 2026, providing clarification to enable compliance with Rule 19A (5) of the Securities Contracts (Regulation) Rules, 1957.

The implementation of the approved resolution plan is currently underway, including processes relating to share allotment and re-listing. The new management has undertaken statutory appointments and related filings after obtaining due approvals from the Audit Committee and Board of Directors.

Corporate Structure and Trading Information

Blue Blends (India) Limited operates under CIN L17120MH1981PLC023900 and maintains its corporate office at JBF House in Mumbai's Kalbadevi area. The company trades on BSE with scrip code 502761 and on NSE under the symbol BLUEBLENDS. The communication was signed by Ritesh Rajkumar Chokhani, serving as CFO and Whole-time Director (DIN: 11083282).

The company has indicated that it is taking necessary steps to ensure compliance with all applicable regulatory requirements, with the new management streamlining operations following the resolution plan implementation.

Blue Blends (India) Limited has officially set April 17, 2026 as the record date for determining existing shareholders' entitlement under the company's resolution plan. The announcement comes following a series of legal proceedings and regulatory approvals that have shaped the company's restructuring process.

Corporate Action Details

The company's Board of Directors approved the record date following specific legal milestones in the resolution process. The decision is directly linked to orders from India's corporate law tribunals that have provided the framework for the company's restructuring.

Legal Framework and Timeline

The record date announcement is pursuant to the Hon'ble NCLT Mumbai order dated December 06, 2024. Subsequently, the Hon'ble National Company Law Appellate Tribunal (NCLAT) New Delhi passed an order on February 18, 2026 regarding the company's resolution plan. The company had previously intimated the exchanges about the NCLAT order on March 02, 2026.

Regulatory Compliance

Blue Blends has informed both major Indian stock exchanges about this development. The company communicated the record date to BSE Limited, where it trades under scrip code 502761, and to the National Stock Exchange of India Limited, where it is listed under the symbol BLUEBLENDS. The intimation has been made in compliance with Regulation 42 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Administrative Process

The company has also notified both Central Depository Services (India) Limited and National Securities Depository Limited about the record date. This ensures proper coordination with the depository systems for determining shareholder entitlements. CFO and Whole-time Director Ritesh Rajkumar Chokhani signed the official communication on March 27, 2026.

Shareholders of Blue Blends (India) Limited should note that their entitlement to receive shares under the resolution plan will be determined based on their holdings as of the close of business on April 17, 2026. The company operates under CIN L17120MH1981PLC023900 and is headquartered in Mumbai.