Bluspring Enterprises Limited has announced a significant strategic acquisition that will mark its entry into the aviation catering sector. The company's wholly owned subsidiary, Bluspring New Horizon Two Private Limited, has executed a Share Purchase Agreement on April 13, 2026, to acquire 100% of the paid-up share capital of LSG Sky Chefs India Private Limited.

Acquisition Details

The acquisition involves a cash consideration based on an enterprise value of ₹129 crore, subject to customary closing and post-closing adjustments. The transaction specifically pertains to LSG India's Bengaluru operations, with all other operations to be carved out prior to completion of the acquisition through an asset transfer. The transaction is expected to close within the next 60-90 days, subject to customary closing conditions.

Financial Performance and Operations

LSG India's Bengaluru operations have demonstrated strong financial performance, generating revenue of over ₹110 crore with mid-to-high-teens EBITDA margins. The Bengaluru kitchen spans an area of 9,272 sq. mt. with a capacity of approximately 15,000 meals per day, supported by a workforce of over 400 employees. The facility has additional expansion potential to support future growth.

About LSG Sky Chefs India

Incorporated on May 31, 2001, LSG Sky Chefs India Private Limited is a leading provider of in-flight catering and allied aviation services. The company serves both domestic and international airlines, including prominent carriers such as IndiGo, Lufthansa, Etihad and Qatar Airways. The acquisition will provide Bluspring access to in-flight catering facilities operating at Bengaluru Airport under a long-term concession agreement until 2039.

Management Commentary

Kamal Pal Hoda, Executive Director & CEO of Bluspring Enterprises Limited, commented: "This acquisition marks a strategic milestone for Bluspring as we enter the aviation services ecosystem through a high-quality operating asset at Bengaluru Airport. It gives us immediate scale in a niche, high-entry-barrier segment while creating opportunities to expand into adjacent airport-linked services."

Nitin Trikha, CEO of Food & Hospitality Business at Bluspring Enterprises Limited, added: "Our food and hospitality business has been built on a foundation of strong operational discipline and uncompromising food safety standards. The aviation catering ecosystem demands globally benchmarked hygiene, precision, and consistency."

Strategic Growth Opportunity

According to Bangalore International Airport Limited estimates, air passenger traffic at Bengaluru airport is poised to rise from approximately 45 million currently to over 70 million by 2030. This growth trajectory provides Bluspring with a strong platform to capture the expanding aviation catering business across India. The acquisition represents Bluspring's strategic entry into the aviation catering sector, complementing its existing food services vertical and supporting long-term growth and profitability objectives.

Bluspring enterprises Limited has submitted its quarterly compliance certificate to BSE and NSE for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The filing demonstrates the company's adherence to mandatory disclosure norms for listed entities.

Regulatory Compliance Filing

The company filed the certificate on April 7, 2026, pursuant to Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Company Secretary and Compliance Officer Arjun Sunil Makhecha signed and submitted the documentation to both stock exchanges where the company's shares are listed.

Certificate Details

Integrated Registry Management Services Private Limited, serving as the company's Registrar and Share Transfer Agent (RTA), issued the compliance certificate dated April 6, 2026. The certificate specifically addresses the company's dematerialisation and rematerialisation activities during the specified quarter.

RTA Confirmation

S Giridhar, General Manager at Integrated Registry Management Services Private Limited, digitally signed the certificate confirming compliance. The RTA explicitly stated that no requests for dematerialisation or rematerialisation of shares were received during the period from January 1, 2026 to March 31, 2026.

The regulatory filing ensures transparency in share transfer activities and maintains compliance with SEBI's depositories regulations. Such quarterly certifications are mandatory for all listed companies to provide stakeholders with regular updates on share transfer and dematerialisation activities.

Corporate Governance

Arjun Sunil Makhecha, holding membership number ACS 29253, serves as the Company Secretary and Compliance Officer responsible for ensuring regulatory adherence. The timely submission of the compliance certificate reflects the company's commitment to maintaining proper corporate governance standards and regulatory compliance.