Outcome of board meeting held on September 02, 2025
Awaiting price reaction for this filing.
Blue Blends India Limited's board, at its meeting on September 2, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified audit opinion from M/s. M Parashar & Co. The company had recently emerged from the Corporate Insolvency Resolution Process (CIRP), which ran from December 2, 2021 to December 6, 2024, and is currently implementing its approved resolution plan including share allotment and re-listing. Revenue from operations fell to Rs. 526.30 lakhs in FY25 from Rs. 590.92 lakhs in FY24, a decline of about 11%, while net loss after tax widened to Rs. (74.41) lakhs from Rs. (67.42) lakhs, translating to a basic EPS of Rs. (0.34). The balance sheet shows a dramatic improvement, with equity turning positive at Rs. 660.99 lakhs (from Rs. (11,394.80) lakhs) and short-term borrowings collapsing to Rs. 50.31 lakhs from Rs. 10,925.14 lakhs as debt was resolved under the CIRP plan. However, standalone operating cash flow was deeply negative at Rs. (1,365.87) lakhs, and prior-period figures were restated to comply with Ind AS.
The filing marks Blue Blends' first full-year results post-CIRP exit and shows a cleaner balance sheet with debt largely extinguished, but core operations remain weak with declining revenue, widening losses, and a steeply negative operating cash flow. Shareholders should expect ongoing volatility tied to the resolution plan's execution, especially around share allotment and re-listing.