Copy of order passed by the hon''ble NCLAT, Delhi dated February 18, 2026 in the appeal filed by the company
Awaiting price reaction for this filing.
Blue Blends has disclosed an NCLAT order dated February 18, 2026 in an appeal filed by the company related to its approved Resolution Plan. The Successful Resolution Applicant (SRA), Mr. Amit Mahendrabhai Shah, had sought a clarification from the NCLT to reduce his shareholding in the company from 100% to 95%, so as to meet the minimum 5% public shareholding requirement under Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957. The NCLT had earlier rejected this application, but the NCLAT overturned that decision and granted the requested clarification. The NCLAT held that the resolution plan already contemplated this share extinguishment and issuance process, and the clarification was needed only to comply with statutory listing requirements. The appeal has been disposed of in favour of the company/SRA.
This is a positive development for Blue Blends, as it removes a key compliance hurdle in implementing the approved Resolution Plan and supports the eventual relisting of the company's shares on BSE/NSE. Shareholders should note that trading remains suspended until relisting compliance is fully achieved.