BLUEBLENDSNSEBlue Blends (I) Limited· Textile ProductsCriticalNegative
Announced Tue, 18 Aug · 17:45 IST
Blue Blends: Share restructuring under IBC Resolution Plan - heavy dilution for public
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Blue Blends board approved actions under NCLT-approved Resolution Plan: 1.15 crore promoter shares cancelled; 1.01 crore public shares cancelled (Record Date April 17, 2026). Public shareholders get 2,70,446 fresh shares in ratio 4:150. 50 lakh new shares allotted preferentially to Amit Shah and Neolite Polymer Industries.
Likely market impact
Existing public shareholders face massive dilution under IBC plan - keep only about 2.7 percent of holdings; new investors take control.