Blue Blends India: Promoters Acquire 94.68% Stake via Preferential Allotment

Blue Blends (India) Limited has announced the preferential allotment of 50,00,000 equity shares of face value Rs. 10 each at Rs. 10 per share to Promoters/Acquirers Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited. This acquisition, totaling 50,00,000 shares, represents 94.87% of the company's total share capital post-allotment. The transaction is part of an Approved Resolution Plan and is exempt from open offer requirements under Regulation 10(1)(da) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Neolite Polymer Industries Private Limited now holds 49,90,000 shares (94.68%), and Amit Mahendrabhai Shah holds 10,000 shares (0.19%).