Unaudited financial results for the quarter ended June 30, 2025 along with Limited Review Report.
Awaiting price reaction for this filing.
Blue Blends filed three quarters of delayed unaudited results (June, September, and December 2025) at once, more than a year late, after the new management took charge following the NCLT-approved resolution plan. The company was under Corporate Insolvency Resolution Process (CIRP) from December 2021, with the resolution plan admitted on December 6, 2024, and a NCLAT clarification order passed on February 18, 2026. Standalone Q1 FY26 revenue from operations was just Rs 99.18 lakhs (down from Rs 139.80 lakhs in Q1 FY25), with a loss of Rs 162.50 lakhs. For H1 FY26 (ended September 30, 2025), the standalone loss stood at Rs 120.45 lakhs on revenue of Rs 625.75 lakhs, and operating cash flow was negative at Rs (190.83) lakhs. The auditor issued a clean limited review report but included emphasis-of-matter paragraphs drawing attention to the extinguishment and cancellation of existing equity share capital and the ongoing re-listing process. Existing shareholders will not receive any payment as their shares will stand cancelled, and a new successful resolution applicant will inject fresh equity.
For existing retail shareholders, this is a significant negative event: under the approved resolution plan, all existing equity and preference shares will be cancelled without any payout, effectively wiping out their holdings. The re-listing will happen only with fresh equity from the new resolution applicant, meaning current shareholders will not benefit. The deeply negative operating cash flow and continued quarterly losses highlight ongoing operational stress despite the resolution plan being approved.