Board Approves Amalgamation of Wholly Owned Subsidiary Bluspring New Horizon Two into LSG Sky Chefs India
Boards approved merging Bluspring New Horizon Two (WOS) into LSG Sky Chefs India (step-down WOS, airline catering, FY26 turnover INR 189.08 Crores).
- Transferor
- Bluspring New Horizon Two Private Limited (wholly owned subsidiary)
- Transferee
- LSG Sky Chefs India Private Limited (wholly owned step-down subsidiary)
- Share Swap Ratio
- 1 equity share of LSG Sky Chefs (face value INR 10) for every 1 share (face value INR 10) of Bluspring New Horizon Two
- Transferee FY26 Turnover
- INR 189.08 Crores
- Business
- Airline catering and in-flight logistics
What was approved
The Board of Bluspring New Horizon Two Private Limited (Transferor), a wholly owned subsidiary of Bluspring Enterprises, and the Board of LSG Sky Chefs India Private Limited (Transferee), a wholly owned step-down subsidiary, each approved a Scheme of Amalgamation of the Transferor into the Transferee under Section 233 of the Companies Act, 2013 read with Rule 25 of the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.
The entities
- Transferor: incorporated on February 9, 2026; positioned to provide food preparation, supply, cafeteria, canteen and catering solutions for institutional, commercial and industrial establishments. Its first financial year runs from February 9, 2026 to March 31, 2027, so no FY26 turnover applies.
- Transferee: founded in 2001, primarily engaged in airline catering and in-flight logistics. It became a wholly owned step-down subsidiary with effect from August 6, 2026, after the Transferor acquired 100% of its paid-up share capital. FY26 turnover of INR 189.08 Crores on audited financials as on March 31, 2026.
Consideration
Non-cash. For every 1 fully paid-up equity share of face value INR 10 each of the Transferor held by Bluspring Enterprises, 1 fully paid-up equity share of face value INR 10 each of LSG Sky Chefs India will be issued and allotted to Bluspring Enterprises.
Stated rationale
- Simplify the holding structure and reduce shareholding tiers to aid future expansion plans.
- Streamline decision-making, reduce compliances across multiple entities and improve governance clarity.
- Greater leverage in operations and planning, efficiency in cash management and access to combined cash flows.
- Cost savings from synergies and removal of duplicated administrative expenses.
- Pooling of financial resources for economies of scale and a stronger resource base.
Effect on shareholders
There is no change in the shareholding pattern of the listed company. Once approved, the scheme eliminates one layer of subsidiary. Both entities are unlisted. As the amalgamation is between a wholly owned subsidiary and a wholly owned step-down subsidiary, it is exempt under Regulation 23(5)(c) of the SEBI Listing Regulations.
Status
The amalgamation is subject to regulatory approvals and compliance with law.
Also from Bluspring Enterprises
Bluspring to attend Arihant Capital's Bharat Connect Conference group meet on Sept 30, 2026 via video call
26 Sep 2026
More numbers
- LSG Sky Chefs India FY26 turnoverINR 189.08 Crores
- Transferor shares held (swap numerator)1 ("One") fully paid-up equity share
- Transferee shares to be issued1 ("One") fully paid-up equity share
- Face value per share (both companies)INR 10 each
- Stake acquired in LSG Sky Chefs by Transferor100% of its paid-up share capital
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