BLUEBLENDSNSEBlue Blends (I) Limited· Textile ProductsHighNeutral
Announced Tue, 18 Aug, 2026 · 17:37 IST
Blue Blends implements Resolution Plan; massive share cancellation and dilution
Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved NCLT Resolution Plan. All existing promoter shares (1.15 crore) cancelled without payment. Public shareholders face steep dilution, getting just 4 new shares for every 150 old shares held. Fresh 50 lakh shares allotted on preferential basis to Amit Shah and Neolite Polymer at Rs 10 each.
Likely market impact
Severe value erosion for existing shareholders. Promoters fully wiped out. Control shifts to new investors via preferential allotment.