Blue Blends (I) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
Awaiting price reaction for this filing.
Blue Blends has submitted delayed quarterly results for Q1 (Jun 2025), Q2 (Sep 2025), and Q3 (Dec 2025) after its Corporate Insolvency Resolution Process (CIRP). The company entered CIRP in December 2021 and the resolution plan was approved by NCLT in December 2024. New management is implementing the plan including share extinguishment and re-listing. Q1 shows revenue of ₹96.39L with a loss of ₹162.50L; Q2 shows revenue of ₹529.36L with profit of ₹42.05L. Half-year standalone revenue is ₹625.75L vs prior year ₹257.88L. However, PAT for H1 is a loss of ₹120.45L vs profit of ₹18.12L in the prior year period. The financial statements are unaudited, provided by the Resolution Professional at handover, and are being submitted with limited review by auditors. Existing equity shares will be cancelled without payment to shareholders as per the resolution plan.
This is a company emerging from insolvency with equity cancellation for existing shareholders. The financial results show significant operational challenges with a half-year loss and negative cash flows, though Q2 showed recovery. The shares are pending re-listing under the resolution plan.