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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BLUSPRING_29092026173745_Intimation.pdf

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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