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 ₹10 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 ₹5,27,04,460, divided into 52,70,446 shares with a face value of ₹10 each. The promoter group previously held no voting rights, leaving public ownership minimal after the allotment.

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