Blue Blends (India) Limited board approved a proposal to seek an extension from the Registrar of Companies (ROC) for convening its 45th annual general meeting.

The company plans to request a three-month extension beyond the statutory due date of September 30, 2026. This would allow the AGM to be held up to December 31, 2026.

Regulatory Context

The Board of Directors considered and approved the application during a meeting held on September 8, 2026. The move is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The application will be filed under Section 96(1) of the Companies Act, 2013. The proposed extension is subject to ROC approval. Blue Blends will inform stock exchanges regarding the outcome once received.

Meeting Details

The board meeting commenced at 4:00 pm and concluded at 4:30 pm. Ritesh Rajkumar Chokhani, CFO and whole-time director, signed the disclosure.

Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited have acquired a controlling 94.87% stake in Blue Blends (India) Limited through a preferential allotment of 50,00,000 equity shares. The transaction was completed on August 18, 2026, with shares allotted at face value of ₹10 each, marking the implementation of the company’s approved resolution plan.

The acquisition follows orders from the National Company Law Tribunal (NCLT), Mumbai Bench, which approved the resolution plan under Section 31 of the Insolvency and Bankruptcy Code, 2016, on December 6, 2024. Subsequent legal proceedings included IA No. 1255/2025 filed on January 22, 2025 (order dated March 19, 2025) and IA No. 2449/2025 filed on May 8, 2025 (order dated December 19, 2025). These culminated in final orders by the National Company Law Appellate Tribunal (NCLAT), New Delhi, on February 18, 2026, in Company Appeal No. 161 of 2026, clearing the path for the share allotment.

Acquisition Details

The total post-acquisition equity share capital of Blue Blends stands at ₹5,27,04,460, divided into 52,70,446 equity shares of ₹10 each. The promoter group previously held no voting rights in the company.

Neolite Polymer Industries Private Limited acquired 49,90,000 shares (94.68% stake), while Amit Mahendrabhai Shah acquired 10,000 shares (0.19% stake). Both entities are classified as promoters pursuant to the resolution plan.

What the Numbers Show

The acquisition price of ₹10 per share matches the face value of the equity shares, indicating that the transfer occurred at par without any premium or discount relative to nominal value. This pricing structure is consistent with debt-to-equity conversions or capital restructuring typical in insolvency resolution plans, where existing debt is often converted into equity at face value to recapitalize the balance sheet. With the promoter group holding nearly 95% of the voting capital, the remaining public holding is minimal, suggesting a highly concentrated ownership structure post-resolution.