Blue Blends (I) Limited has informed the Exchange about the order dated February 18, 2026 passed by the Hon'ble NCLAT, Delhi in the appeal filed by the Company.
Awaiting price reaction for this filing.
Blue Blends has submitted the NCLAT order dated February 18, 2026 to the stock exchanges. The order relates to an appeal filed by the Successful Resolution Applicant (SRA), Mr. Amit Mahendrabhai Shah, against an NCLT order that had rejected his request for a minor clarification on the approved Resolution Plan. The clarification was needed to reduce the SRA's shareholding from 100% to 95% and enable a public share issuance, so as to comply with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, which requires at least 5% public shareholding for listed companies. The NCLAT allowed the appeal, granted the requested clarification, and modified the NCLT order, noting that the resolution plan already had provisions for share extinguishment and issuance. The original Resolution Plan had been approved by the NCLT on December 6, 2024. The certified copy of the order was received by the company on March 2, 2026.
This is a positive development for Blue Blends as the NCLAT's clarification enables the company to comply with mandatory public shareholding norms, which is essential for maintaining its listing on BSE and NSE. It removes a key regulatory hurdle in the post-resolution relisting process, though investors should note that actual public share issuance is still pending.