Bluspring Enterprises Allots 2,79,703 Equity Shares Under Special Purpose Stock Ownership Plan 2025

Bluspring enterprises Limited has completed the allotment of 2,79,703 equity shares under its Special Purpose Stock Ownership Plan 2025, as approved by the company's Nomination and Remuneration Committee on April 14, 2026. The allotment was made to eligible RSU holders who exercised their restricted stock units under the employee benefit scheme.

Share Allotment Details

The company allotted 2,79,703 equity shares of Rs. 10 each to eligible participants who exercised their RSUs under the Special Purpose Stock Ownership Plan 2025. These newly issued shares carry the same rights and privileges as existing equity shares, ranking pari-passu in all respects.

Parameter Details Shares Allotted 2,79,703 equity shares Face Value Rs. 10 per share Plan Special Purpose Stock Ownership Plan 2025 Approval Authority Nomination and Remuneration Committee Approval Date April 14, 2026

Impact on Share Capital

The allotment has resulted in an increase in the company's paid-up share capital structure:

Metric Before Allotment After Allotment Number of Shares 14,91,32,458 14,94,12,161 Face Value per Share Rs. 10 Rs. 10 Total Paid-up Capital Rs. 1,49,13,24,580 Rs. 1,49,41,21,610

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, information required under Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, is being submitted along with the application for listing and trading of the newly allotted shares.

The complete information regarding this allotment is available on the company's website at www.bluspring.com . Company Secretary and Compliance Officer Arjun Sunil Makhecha signed the regulatory filing, ensuring proper documentation and compliance with all applicable regulations.

Bluspring Enterprises Limited has announced a significant strategic acquisition that will mark its entry into the aviation catering sector. The company's wholly owned subsidiary, Bluspring New Horizon Two Private Limited, has executed a Share Purchase Agreement on April 13, 2026, to acquire 100% of the paid-up share capital of LSG Sky Chefs India Private Limited.

Acquisition Details

The acquisition involves a cash consideration based on an enterprise value of ₹129 crore, subject to customary closing and post-closing adjustments. The transaction specifically pertains to LSG India's Bengaluru operations, with all other operations to be carved out prior to completion of the acquisition through an asset transfer. The transaction is expected to close within the next 60-90 days, subject to customary closing conditions.

Parameter: Details Target Company: LSG Sky Chefs India Private Limited Acquisition Value: ₹129 crore (enterprise value) Shareholding Acquired: 100% (1,09,02,000 equity shares) Transaction Type: Cash consideration Expected Completion: Within 60-90 days

Financial Performance and Operations

LSG India's Bengaluru operations have demonstrated strong financial performance, generating revenue of over ₹110 crore with mid-to-high-teens EBITDA margins. The Bengaluru kitchen spans an area of 9,272 sq. mt. with a capacity of approximately 15,000 meals per day, supported by a workforce of over 400 employees. The facility has additional expansion potential to support future growth.

Financial Metrics: Details Annual Revenue: Over ₹110 crore Kitchen Area: 9,272 sq. mt. Daily Meal Capacity: ~15,000 meals Employee Strength: 400+ employees EBITDA Margins: Mid-to-high-teens

About LSG Sky Chefs India

Incorporated on May 31, 2001, LSG Sky Chefs India Private Limited is a leading provider of in-flight catering and allied aviation services. The company serves both domestic and international airlines, including prominent carriers such as IndiGo, Lufthansa, Etihad and Qatar Airways. The acquisition will provide Bluspring access to in-flight catering facilities operating at Bengaluru Airport under a long-term concession agreement until 2039.

Management Commentary

Kamal Pal Hoda, Executive Director & CEO of Bluspring Enterprises Limited, commented: "This acquisition marks a strategic milestone for Bluspring as we enter the aviation services ecosystem through a high-quality operating asset at Bengaluru Airport. It gives us immediate scale in a niche, high-entry-barrier segment while creating opportunities to expand into adjacent airport-linked services."

Nitin Trikha, CEO of Food & Hospitality Business at Bluspring Enterprises Limited, added: "Our food and hospitality business has been built on a foundation of strong operational discipline and uncompromising food safety standards. The aviation catering ecosystem demands globally benchmarked hygiene, precision, and consistency."

Strategic Growth Opportunity

According to Bangalore International Airport Limited estimates, air passenger traffic at Bengaluru airport is poised to rise from approximately 45 million currently to over 70 million by 2030. This growth trajectory provides Bluspring with a strong platform to capture the expanding aviation catering business across India. The acquisition represents Bluspring's strategic entry into the aviation catering sector, complementing its existing food services vertical and supporting long-term growth and profitability objectives.

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