Blue Blends (I) Limited has received a significant clarification from the Hon'ble National Company Law Appellate Tribunal (NCLAT), New Delhi, regarding its Resolution Plan. The NCLAT order, dated February 18, 2026, and received by the company on March 02, 2026, addresses an interlocutory application filed before the Hon'ble National Company Law Tribunal (NCLT). The company had sought a minor clarification on the implementation of the Resolution Plan approved by the Hon'ble NCLT on December 06, 2024. Specifically, the clarification pertained to compliance with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957, concerning the maintenance of public shareholding of at least five percent for listing compliance. The NCLT had initially rejected this application. However, the Hon'ble NCLAT has now granted the requested clarification, allowing the company to comply with the statutory requirement. The NCLAT observed that the application was for clarification to meet statutory requirements and did not alter the approved Resolution Plan, modifying the NCLT's earlier order. This decision is expected to facilitate the company's path towards relisting and compliance with regulatory norms.
