Blue Blends (I) Limited has submitted to the Exchange, the financial results for the Quarter and Nine months ended December 31, 2025.
Awaiting price reaction for this filing.
Blue Blends (India) Limited has submitted unaudited financial results for three quarters (June, September, and December 2025) together, with significant delay. The company posted Q1 standalone revenue of ₹99.18 lakhs (down from ₹139.80 lakhs in Q1 FY24) with a loss of ₹162.50 lakhs, but recovered in Q2 with revenue of ₹528.10 lakhs and profit of ₹42.05 lakhs. For the half-year ending September 2025, total revenue was ₹625.75 lakhs with a loss of ₹120.45 lakhs. The company is undergoing Corporate Insolvency Resolution Process (CIRP) admitted in December 2021, with resolution plan approved by NCLT in December 2024 and further clarification from NCLAT in February 2026. Existing equity shareholders face complete cancellation of their shares without any payment as per the approved resolution plan. The financial results were provided by the Resolution Professional and have undergone limited review by auditors Shabbir & Rita Associates LLP. Short-term borrowings stand at ₹248.72 lakhs with negative reserves of ₹(1,624.58) lakhs.
The stock is effectively worthless for existing shareholders due to share capital cancellation under the resolution plan. The company is working towards re-listing with fresh equity from the resolution applicant. Financial data should be treated with caution as quarters were not independently audited by the company post-CIRP.