NSEUpdates29 Sept 2026 · 29 Sept 2026, 05:38 pm
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Bluspring Enterprises Limited · BLUSPRING
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Bluspring Enterprises Limited has informed the Exchange regarding 'Proposed Scheme of Amalgamation of Bluspring New Horizon Two Private Limited with LSG Sky Chefs India Private Limited'. The amalgamation is subject to regulatory approvals and compliance with law.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk4/10
Balance Sheet Risk3/10
Liquidity Impact7/10
Market Sentiment5/10
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Full Announcement
Bluspring Enterprises Limited has informed the Exchange regarding 'Proposed Scheme of Amalgamation of Bluspring New Horizon Two Private Limited ("Transferor Company") with LSG Sky Chefs India Private Limited ("Transferee Company")'.
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Date: September 29, 2026
BSE Limited, National Stock Exchange of India Limited
1st Floor, New Trading Ring, Exchange Plaza, Bandra- Kurla Complex, Bandra
Rotunda Building, PJ Towers, (East), Mumbai – 400 051
Dalal Street, Mumbai – 400 001
Scrip Code: 544414 NSE Symbol: BLUSPRING
Dear Sir/ Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 – Amalgamation of wholly owned subsidiaries of the Company
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations”), we wish to inform you that
the Board of Directors of Bluspring New Horizon Two Private Limited, a wholly owned subsidiary
(“Transferor”) of Bluspring Enterprises Limited (“the Company”) and LSG Sky Chefs India Private
Limited (“Transferee”), a wholly owned step-down subsidiary of the Company, at their respective
meetings held today, i.e., Tuesday, September 29, 2026, have considered and approved the Scheme
of Amalgamation of the Transferor with the Transferee under Section 233 of the Companies Act, 2013
read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
The Transferor and Transferee companies are both unlisted companies and the amalgamation is
subject to regulatory approvals and compliance with law.
The details for the above amalgamation as required under Regulation 30 read with Schedule III of SEBI
Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026, are enclosed herewith as Annexure A.
We request you to take the above information on record.
Yours sincerely,
For Bluspring Enterprises Limited
Raman Sapra
Company Secretary & Compliance Officer
Membership no. FCS 9233
Encl: as above
Bluspring Enterprises Limited
Regd. Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru – 560103, Karnataka
Tel: 080-6105 6001 | E-mail: corporatesecretarial@bluspring.com | CIN: L81100KA2024PLC184648 |Website: www.bluspring.com
Annexure – A
Name of the entity(ies) forming part Bluspring New Horizon Two Private Limited (“Transferor
of the amalgamation/merger, Company”) was incorporated on February 9, 2026 as a
details in brief such as, size, wholly owned subsidiary of the Company.
turnover etc.
LSG Sky Chefs India Private Limited (“Transferee
Company”) was founded in 2001 and is primarily engaged
in the business of airline catering and in-flight logistics. It
became a wholly owned step-down subsidiary of the
Company with effect from August 6, 2026, pursuant to the
acquisition of 100% of its paid-up share capital by the
Transferor Company.
Turnover details of the Transferor and Transferee
Company are as follows:
Name Turnover for FY26
Bluspring New Horizon Two Not applicable as its
Private Limited first financial year is
(Transferor Company) from February 9,
2026 to March 31,
2027.
LSG Sky Chefs India Private INR 189.08 Crores
Limited (basis audited
(Transferee Company) financials as on
March 31, 2026).
Whether the transaction would fall The amalgamation is between the Company’s wholly
within related party transactions? If owned subsidiary and wholly owned step-down
yes, whether the same is done at subsidiary. Hence it is exempt under Regulation 23 (5)(c)
“arm’s length”; of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
Area of business of the entity(ies); Transferor Company was established as a part of group’s
expansion into food and catering services. The company is
positioned to provide food preparation, supply, cafeteria,
canteen and catering solutions for institutional,
commercial and industrial establishments.
Transferee Company is primarily engaged in the business
of airline catering and in-flight logistics.
Rationale for amalgamation/ a) The amalgamation would lead to simplification of the
merger; existing holding structure and reduction of
shareholding tiers to remove impediments, if any, in
facilitating future expansion plans and create
enhanced shareholder value.
b) Streamline decision-making processes, reduce
regulatory compliances applicable to multiple
entities and improve governance clarity and
improved organizational capability and leadership,
Bluspring Enterprises Limited
Regd. Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru – 560103, Karnataka
Tel: 080-6105 6001 | E-mail: corporatesecretarial@bluspring.com | CIN: L81100KA2024PLC184648 |Website: www.bluspring.com
arising from the pooling of resources to compete
successfully in an increasingly competitive industry.
c) Greater leverage in operations, planning and process,
efficiency in cash management and unfettered access
to cash flow generated by the combined business.
d) Cost savings are expected to flow from synergies
achieved through joint operational efforts,
rationalization, standardisation and simplification of
business processes, administration, finance,
accounts, legal and other related functions, leading
to elimination of duplication of administrative
expenses which are presently divided amongst two
separate corporate entities within the group.
e) The amalgamation would result in financial resources
being efficiently pooled, leading to centralized and
more efficient management of funds, greater
economies of scale and a bigger and stronger
resource base for future growth, which are presently
divided amongst two separate corporate entities
within the group.
In case of cash consideration – Non-Cash Consideration. Share exchange ratio is as below:
amount or otherwise share
exchange ratio; “For every 1 ("One") fully paid-up equity share (face value
INR 10 each) of Bluspring New Horizon Two Private
Limited, held by Bluspring Enterprises Limited, 1 ("One")
fully paid-up equity share (face value of INR 10 each) of
LSG Sky Chefs India Private Limited will be issued and
allotted to Bluspring Enterprises Limited.”
Brief details of change in Not applicable. There is no change in shareholding
shareholding pattern (if any) of pattern.
listed entity.
The proposed Scheme of Amalgamation once approved
will result in elimination of one layer of subsidiary of the
Company.
Bluspring Enterprises Limited
Regd. Office: 3/3/2, Bellandur Gate, Sarjapur Main Road, Bengaluru – 560103, Karnataka
Tel: 080-6105 6001 | E-mail: corporatesecretarial@bluspring.com | CIN: L81100KA2024PLC184648 |Website: www.bluspring.com