Bluspring Enterprises Ltd

Bluspring Enterprises Ltd announced that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has received a contract extension for the Operations and Maintenance of a 600 MW Thermal Power Plant from Vedanta Power Limited. The contract is valued at an estimated aggregate of ₹406.43 Crores (plus applicable taxes) and will be in force for a period of 5 years, commencing July 1, 2026. This domestic contract pertains to comprehensive operations and maintenance services. There is no stated interest from promoters or group companies in the awarding entity, and the transaction is not considered a related party transaction.

Bluspring Enterprises Ltd announced that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has received a contract extension for the Operations and Maintenance of a Thermal Power Plant (3*600 = 1,800 MW) Units 1, 3 & 4 from Vedanta Aluminium Metal Limited. The contract is valued at an estimated aggregate of ₹1,219.85 Crores (plus applicable taxes) and will remain in force for a period of 5 years, effective July 1, 2026. This is a domestic contract awarded by a domestic entity.

Bluspring Enterprises Ltd has announced the closure of its trading window for designated persons, connected persons, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut from July 1, 2026, until 48 hours after the declaration of the unaudited quarterly financial results for the period ending June 30, 2026. This measure is standard practice to prevent potential insider trading activities around financial result announcements.

Bluspring Enterprises Ltd announced the grant of 45,29,072 employee stock options (ESOPs) under its "Bluspring Enterprises Limited - Employee Stock Option Scheme 2026" (ESOS 2026). The grant was approved by the Nomination and Remuneration Committee on June 15, 2026, for eligible employees of the company and its subsidiaries. The exercise price for these options is INR 10 per share. Vesting is scheduled between 1 to 4 years from the grant date, with an exercise period of up to 3 years post-vesting. The equity shares will be sourced via primary issuance or secondary acquisition through the Bluspring ESOP Trust. Adjustments for corporate actions like rights issues or bonus issues will be made.

Bluspring Enterprises Ltd announced that its wholly-owned step-down subsidiary, STEAG Energy Services (India) Private Limited, has secured a significant Operations and Maintenance (O&M) contract from Bharat Aluminium Company Limited (BALCO). The contract is for BALCO's 1740 MW Power Plant and has an estimated aggregate value of ₹2,049.8 Crores, including additional services. The agreement is set to commence on July 1, 2026, and will remain in force for a period of 60 months. This award represents a substantial business win for Bluspring's subsidiary in the domestic power sector.

Bluspring Enterprises Ltd has announced the completion of the acquisition of STEAG Energy Services (India) Private Limited by its wholly-owned subsidiary, Bluspring New Horizon One Private Limited (BNHOPL). The acquisition, initially announced on March 19, 2026, was finalized on May 21, 2026, following the fulfillment of all conditions precedent outlined in the Share Purchase Agreement. As a result, STEAG Energy Services (India) Private Limited has become a wholly-owned step-down subsidiary of Bluspring Enterprises Ltd.

Bluspring Enterprises Ltd reported strong FY26 results, with revenue at ₹3,304 Cr (+11% YoY), EBITDA at ₹121 Cr (+10% YoY), and adjusted PAT at ₹67 Cr (+27% YoY). Q4 FY26 revenue was ₹846 Cr (+8% YoY), EBITDA at ₹35 Cr (+44% YoY), and adjusted PAT at ₹20 Cr (+73% YoY). EBITDA margin expanded by 105 bps YoY in Q4 to 4.2%. The company is set to acquire STEAG Energy Services (India) Private Limited within May 2026.

Bluspring Enterprises Ltd's Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026, during its meeting on May 19, 2026. The results, prepared as per Indian Accounting Standards (Ind-AS), received an unmodified opinion from the statutory auditors. The board meeting commenced at 04:45 P.M. IST and concluded at 08:00 P.M. IST. The financial results and related information are available on the company's website.

Bluspring Enterprises Ltd's Board of Directors approved the audited standalone and consolidated financial results for the fourth quarter and year ended March 31, 2026, during its meeting on May 19, 2026. The results were prepared according to Indian Accounting Standards (Ind-AS). The board also reviewed the audit report issued by the statutory auditors, Deloitte Haskins & Sells, which contained an unmodified opinion. The meeting commenced at 04:45 P.M. IST and concluded at 08:00 P.M. IST. The CFO provided a declaration under Regulation 33(3)(d) of the Listing Regulations.

Bluspring Enterprises Ltd's wholly-owned subsidiary, Bluspring New Horizon One Private Limited (BNHOPL), has entered into a term loan agreement with Poonawalla Fincorp Limited for ₹175 Crores. The loan will finance BNHOPL's acquisition of 100% of the paid-up share capital of STEAG Energy Services (India) Private Limited (SESI). The secured loan has a tenor of up to 48 months and is secured against the fixed and current assets of BNHOPL, with a corporate guarantee from Bluspring Enterprises.