Blue Blends Approves Share Cancellation and New Equity Allotment

Blue Blends (India) Limited's Board of Directors, in a meeting held on August 18, 2026, approved significant corporate actions following an approved Resolution Plan and orders from the National Company Law Tribunal and Appellate Tribunal. Key decisions include the cancellation and extinguishment of all existing equity shares held by promoters and public shareholders without consideration, and a proportionate allotment of new equity shares to existing public shareholders. Additionally, the company approved the allotment of 50,00,000 fresh equity shares on a preferential basis to Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited.