BSEInsider Trading / SAST5h ago · 20 Aug 2026, 10:47 am
The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Amit Mahendrabhai Shah & Others
Blue Blends (India) Ltd · 502761
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Blue Blends (India) Ltd has received a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, indicating that Amit Mahendrabhai Shah and Neolite Polymer Industries Private Limited have acquired 5,000,000 shares of the company through a preferential allotment pursuant to a resolution plan approved by the National Company Law Tribunal.
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Blue Blends (India) Ltd - 502761 - Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011
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From,
Amit Mahendrabhai Shah Neolite Polymer Industries Private Limited
686, Aavkar Santosha park, 26, Champa galli, M.J. market lane, near
behind Hira Rupa hall, Ambli,
Bank of Baroda, Mumbai, Maharashtra-
Bopal road, Bopal, Daskroi,
400002
Ahmedabad, Gujarat- 380058
(both, collectively referred to as “Promoters”)
Date: August 19, 2026
The Manager
Listing Department,
BSE Limited National Stock Exchange of India Limited
Corporate Relations Department Exchange Plaza, Plot No. C/1, G Block,
Phiroze Jeejeebhoy Towers Bandra Kurla Complex,
Dalal Street, Mumbai – 400001 Bandra East, Mumbai-400051
Scrip Code: 502761 Symbol: BLUEBLENDS
Sub: Disclosure u/r 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011
Dear Sir,
Please find enclosed herewith the disclosure pursuant to requirement of Regulation 29(1) of SEBI
(Substantial Acquisition of Shares & Takeovers) Regulations, 2011 as Annexure “A” for the allotment
of 50,00,000 Equity Shares of face value of Rs. 10/- each at a price of Rs. 10/- each of the Company to
us pursuant to the Approved Resolution Plan and Order of Adjudicating Authorities.
Please take it on your record.
Thanking you,
Yours faithfully,
For and on behalf of Promoters
For Neolite Polymer Industries Private Limited
Ashok Sampatraj Jain
Director
Encl: a/a
The Compliance Officer,
Blue Blends (India) Limited
JBF House, 2nd Floor, Old Post Office Lane,
Kalbadevi Road, Mumbai - 400 002. (India)
Annexure "A"
Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
Part A – Details of the Acquisition
1 Name of the Target Company (TC) Blue Blends (India) Limited
2 Name(s) of the acquirer and Person acting in Concert (PACs) with Amit Mahendrabhai Shah
the acquirer Neolite Polymer Industries Private Limited
3 Whether the acquirer belongs to Promoter / Promoter Group Yes ***
Names(s) of the Stock Exchange(s) where the shares of TC are BSE Limited and National Stock Exchange of India
Listed Limited
% w.r.t. total % w.r.t. total
share/ voting diluted share/
5 Details of the acquisition as follows: Number
capital wherever voting capital
applicable* of the TC**
Before the acquisition under consideration, holding of:
a) Shares carrying voting rights
Amit Mahendrabhai Shah 0 0.00% 0.00%
Neolite Polymer Industries Private Limited 0 0.00% 0.00%
Shares in the nature of encumbrance (pledge/ lien/ non-
b) 0 0.00% 0.00%
disposal undertaking/others)
c) Voting Rights (VR) otherwise than by equity shares 0 0.00% 0.00%
Warrants/ convertible securities/ any other instrument that
d) entitlestheacquirertoreceivesharescarryingvotingrightsin 0 0.00% 0.00%
the TC (specify holding in each category)
Total (a+b+c+d) 0 0.00% 0.00%
Details of acquisition
a) Shares carrying voting rights acquired
Amit Mahendrabhai Shah 10000 0.19% 0.19%
Neolite Polymer Industries Private Limited 4990000 94.68% 94.68%
b) Voting Rights (VR) acquired otherwise than by equity shares 0 0.00% 0.00%
Warrants/ convertible securities/ any other instrument that
c) entitlestheacquirertoreceivesharescarryingvotingrightsin 0 0.00% 0.00%
the TC (specify holding in each category) acquired
Shares in the nature of encumbrance (pledge/ lien/ non-
d) 0 0.00% 0.00%
disposal undertaking/others)
Total (a+b+c+d) 5000000 94.87% 94.87%
After the acquisition, holding of
a) Shares carrying voting rights
Amit Mahendrabhai Shah 10000 0.19% 0.19%
Neolite Polymer Industries Private Limited 4990000 94.68% 94.68%
b) Voting Rights (VR) otherwise than by equity shares 0 0.00% 0.00%
Warrants/ convertible securities/ any other instrument that
c) entitlestheacquirertoreceivesharescarryingvotingrightsin 0 0.00% 0.00%
the TC (specify holding in each category) after acquisition.
Shares in the nature of encumbrance (pledge/ lien/ non-
d) 0 0.00% 0.00%
disposal undertaking/others)
Total (a+b+c+d) 5000000 94.87% 94.87%
Preferential Allotment pursuant to the Resolution Plan,
the Order of the Hon’ble National Company Law
Tribunal, Mumbai Bench dated December 06, 2024
approving the Resolution Plan under Section 31 of the
Insolvency and Bankruptcy Code, 2016, subsequent IA
No. 1255/2025 filed on January 22, 2025 and its order
Mode of acquisition (e.g. open market / public issue/ rights issue/
6 dated March 19, 2025, IA No. 2449/2025 filed on May 08,
preferential allotment/ interse transfer etc).
2025 and its order dated December 19, 2025, and the
order of the Hon’ble National Company Law Appellate
Tribunal, New Delhi dated February 18, 2026 in Company
Appeal No. 161 of 2026 (herein, collectively to be
referred as “Approved Resolution Plan/Orders of
Adjudicating Authorities”)
Salient features of the securities acquired including time till
7 Not Applicable
redemption, ratio at which it can be converted into equity shares
Date of acquisition or date of receipt of intimation of allotment of
8 shares/ voting rights/ warrants/ convertible securities/any other 18 August 2026
instrument that entitles the acquirer to receive shares in the TC
Equity Share Capital/ total voting capital of the target company
9 Nil
before the said acquisition.
Equity Share Capital/ total voting capital of the target company Rs. 5,27,04,460 divided into 52,70,446 Equity Shares of
after the said acquisition Rs. 10/-
Total diluted share/voting capital of the TC after the said Rs. 5,27,04,460 divided into 52,70,446 Equity Shares of
acquisition Rs. 10/-
Promoters pursuant to the Resolution Plan, the Order of the Hon’ble National Company Law Tribunal, Mumbai Bench
dated December 06, 2024 approving the Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016,
subsequent IA No. 1255/2025 filed on January 22, 2025 and its order dated March 19, 2025, IA No. 2449/2025 filed on
May 08, 2025 and its order dated December 19, 2025, and the order of the Hon’ble National Company Law Appellate
Tribunal, New Delhi dated February 18, 2026 in Company Appeal No. 161 of 2026 (herein, collectively to be referred as
“Approved Resolution Plan/Orders of Adjudicating Authorities”)
Note:
* Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock
Exchange under Regulation 31 of the Listng Regulations.
Diluted share/voting capital means the total number of shares in the TC assuming full conversion of
the outstanding convertible securities/warrants into equity shares of the TC.
For and on behalf of Promoters
For Neolite Polymer Industries Private Limited
Ashok Sampatraj Jain
Director
Place: Mumbai
Date: 19 August 2026
Part -B*
Name of the Target Company: Blue Blends (India) Limited
Name (s) of the Acquirer and Person Acting Whether the acquirer belongs PAN of the acquirer and/ or
in Concert (PAC) with the acquirer to Promoter/Promoter group PACs
Amit Mahendrabhai Shah Yes *** ADKPS5850K
Neolite Polymer Industries Private Limited Yes *** AABCN2416K
For and on behalf of Promoters
For Neolite Polymer Industries Private Limited
Ashok Sampatraj Jain
Director
Promoters pursuant to the Resolution Plan, the Order of the Hon’ble National Company Law Tribunal,
Mumbai Bench dated December 06, 2024 approving the Resolution Plan under Section 31 of the
Insolvency and Bankruptcy Code, 2016, subsequent IA No. 1255/2025 filed on January 22, 2025 and
*** its order dated March 19, 2025, IA No. 2449/2025 filed on May 08, 2025 and its order dated December
19, 2025, and the order of the Hon’ble National Company Law Appellate Tribunal, New Delhi dated
February 18, 2026 in Company Appeal No. 161 of 2026 (herein, collectively to be referred as
“Approved Resolution Plan/Orders of Adjudicating Authorities”)
Place: Mumbai
Date: 19 August 2026
*Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated