Blue Blends promoters take 94.87% stake in insolvency revamp

What's the deal? Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited acquired 50,00,000 equity shares in Blue BlendsDealroom has a profile for this one. Try Dealroom → at US$0.14 per share on 18 August 2026 through a preferential allotment. The transaction gives the promoter group a 94.87% stake.

The breakdown. Neolite Polymer took 49,90,000 shares, representing 94.68%, while Shah acquired 10,000 shares, representing 0.19%. The allotment implements a resolution plan approved by the National Company Law Tribunal, Mumbai Bench, on 6 December 2024 and cleared on appeal by the National Company Law Appellate Tribunal, New Delhi, on 18 February 2026.

What it means. Blue Blends now has total equity capital of US$715.7K, divided into 52,70,446 shares with a face value of US$0.14 each. The promoter group previously held no voting rights, leaving public ownership minimal after the allotment.

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