BSECompany Update5d ago · 14 Aug 2026, 09:03 pm
Please find enclosed the intimation for execution of Business Transfer Agreement by a Subsidiary of the Company.
Blue Star Ltd · 500067
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Blue Star Ltd's wholly-owned subsidiary, Blue Star Engineering & Electronics Ltd, has executed a Business Transfer Agreement with Cyrix Healthcare Private Ltd for the sale and transfer of its MedTech division on a slump sale basis. The transaction is expected to be completed by March 31, 2027, and the consideration received is up to Rs 40,00,00,000.
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Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk3/10
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Liquidity Impact7/10
Market Sentiment5/10
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Blue Star Ltd - 500067 - Announcement under Regulation 30 (LODR)-Restructuring
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Blue Star Limited
Band Box House, 4th Floor,
254 D, Dr Annie Besant Road,
Worli, Mumbai 400 030, India.
T : +91 22 6654 4000
E : secretarialdesk@bluestarindia.com
www.bluestarindia.com
August 14, 2026
BSE Limited National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400 051
BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO
Dear Sir/Madam,
Sub.: Intimation under Regulation 30 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015
(‘Listing Regulations’) – Execution of Business Transfer Agreement by Blue
Star Engineering & Electronics Limited, a wholly owned subsidiary of the
Company.
In compliance with Regulation 30 read with Para A of Part A of Schedule III of the Listing
Regulations, we hereby inform you that the Board of Directors of the Blue Star Engineering
& Electronics Limited (‘Blue Star E&E’), a wholly owned subsidiary of the Company at its
meeting held today i.e. Friday, August 14, 2026, has, inter alia, executed a Business
Transfer Agreement (‘BTA’) with Cyrix Healthcare Private Limited (‘Cyrix’) for the sale and
transfer of Blue Star E&E’s MedTech division, comprising the business of providing high-
end medical diagnostic equipment and services, as going concern on a slump sale basis,
on such terms and conditions as detailed in the BTA.
The meeting of Blue Star E&E commenced at 6:15 p.m. and concluded at 6:45 p.m.
The details as required under Para A of Part A of Schedule III of the Listing Regulations
and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
January 30, 2026 (as amended) are enclosed as ‘Annexure – I’.
The above information is also being placed on the website of the Company at
www.bluestarindia.com
Kindly take the same on record.
Thanking you,
Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road,
Mumbai 400 020, India. T: +91 22 6665 4000
CIN: L 28920MH1949PLC 006870
Blue Star Limited
Band Box House, 4th Floor,
254 D, Dr Annie Besant Road,
Worli, Mumbai 400 030, India.
T : +91 22 6654 4000
E : secretarialdesk@bluestarindia.com
www.bluestarindia.com
Yours faithfully,
For Blue Star Limited
Rajesh Parte
Company Secretary & Compliance Officer
Membership No.: A10700
Encl: a/a
Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road,
Mumbai 400 020, India. T: +91 22 6665 4000
CIN: L 28920MH1949PLC 006870
Blue Star Limited
Band Box House, 4th Floor,
254 D, Dr Annie Besant Road,
Worli, Mumbai 400 030, India.
T : +91 22 6654 4000
E : secretarialdesk@bluestarindia.com
www.bluestarindia.com
ANNEXURE - I
Details as required under the Listing Regulations read with SEBI Master Circular
No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Particulars Description
1. The amount and percentage The MedTech division of Blue Star E&E
of the turnover or revenue or generated a total income of Rs 42.13 crores
income and net worth during the financial year ended March 31, 2026,
contributed by such unit or representing approximately 0.33% of the
division or undertaking or Company’s consolidated income from operations
subsidiary or associate for the said year.
company of the listed entity
during the last financial year; As the MedTech division forms an integral part of
the Blue Star E&E’s overall business operations,
its net worth is not maintained or reported
separately.
As per the audited consolidated financial
statements of the Company for the year ended
March 31, 2026, Blue Star E&E’s MedTech
division net worth is approximately Rs 7.11 crores
as on March 31, 2026, constituting around 0.21%
of the Company’s net worth.
2. Date on which the August 14, 2026
agreement for sale has been
entered into;
3. The expected date of Slump Sale of MedTech division of Blue Star E&E
completion of sale/disposal; is proposed to be completed by March 31, 2027,
subject to satisfactory fulfilment of the conditions
precedent, including obtaining all requisite
approvals and completion of such procedures as
may be required, in accordance with the terms of
the BTA.
4. Consideration received from Upto Rs 40,00,00,000 (Rupees Forty Crores), as
such sale/disposal; per the terms of the BTA.
5. brief details of buyers and Cyrix Healthcare Private Limited (Cyrix) is a
whether any of the buyers leading, pan-India Total MedTech Management
belong to the promoter/ Solutions provider with over 22 years of industry
Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road,
Mumbai 400 020, India. T: +91 22 6665 4000
CIN: L 28920MH1949PLC 006870
Blue Star Limited
Band Box House, 4th Floor,
254 D, Dr Annie Besant Road,
Worli, Mumbai 400 030, India.
T : +91 22 6654 4000
E : secretarialdesk@bluestarindia.com
www.bluestarindia.com
promoter group/group experience.
companies. If yes, details
thereof; Cyrix is not a part of the Promoter or Promoter
Group of the Company.
6. whether the transaction This transaction does not fall within the ambit of
would fall within related related party transactions.
party transactions? If yes,
whether the same is done at
“arm’s length”;
7. Whether the sale, lease or Yes, the transaction is outside the scope of the
disposal of the undertaking Scheme of Arrangement.
is outside Scheme of
Arrangement? If yes, details The provisions of Regulation 37A of the SEBI
of the same including Listing Regulations are not applicable to this
compliance with regulation transaction.
37A of Listing Regulations;
Additional disclosure in case of a Slump Sale
8. Name of the entity(is) Please refer to the details specified in point nos.
forming part of the slump (1) and (5) above.
sale, details in brief such as,
size, turnover etc.
9. Whether the transaction This transaction does not fall within the ambit of
would fall within related related party transactions.
party transactions? If yes,
whether the same is done at
“arm’s length”.
10. Area of business of the Seller:
entity(ices); Blue Star Engineering & Electronics Limited (Blue
Star E&E), a wholly-owned subsidiary of Blue Star
Limited, is a leading provider of comprehensive
engineering solutions in India. With decades of
expertise, Blue Star E&E provides cutting-edge
technology and turnkey solutions across Data
Security, MedTech and Industrial Solutions.
Buyer:
Cyrix Healthcare Private Limited (Cyrix) is a
leading, pan-India Total MedTech Management
Solutions provider with over 22 years of industry
experience.
Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road,
Mumbai 400 020, India. T: +91 22 6665 4000
CIN: L 28920MH1949PLC 006870
Blue Star Limited
Band Box House, 4th Floor,
254 D, Dr Annie Besant Road,
Worli, Mumbai 400 030, India.
T : +91 22 6654 4000
E : secretarialdesk@bluestarindia.com
www.bluestarindia.com
11. Rationale; The Business Transfer is being undertaken to
focus on strategic priorities.
12. In case of cash Upto Rs 40,00,00,000 (Rupees Forty Crores), as
consideration - amount or per the terms of the BTA.
otherwise share exchange
ratio;
13. Brief details of change in Not applicable
shareholding pattern (if any)
listed entity;
Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road,
Mumbai 400 020, India. T: +91 22 6665 4000
CIN: L 28920MH1949PLC 006870