BLUSPRING

- Bluspring Enterprises Limited filed a scheme to amalgamate its wholly-owned subsidiary and wholly-owned step-down subsidiary (STEAG Energy Services, FY26 turnover ₹537.70 Cr). - The amalgamation aims for structural simplification, cost reduction, and enhanced shareholder value, filed on August 11, 2026.

- Bluspring New Horizon Two Private Limited, a wholly-owned subsidiary of Bluspring Enterprises Limited, has completed the acquisition of 100% stake in LSG Sky Chefs (India) Private Limited. - LSG Sky Chefs (India) Private Limited became a wholly-owned step-down subsidiary of the Company with effect from August 06, 2026. - The acquisition is not a related party transaction.

- Allotment of 61,131 equity shares of ₹10/- each to eligible RSU holders under the Special Purpose Stock Ownership Plan 2025. - Consequent to the allotment, the paid-up share capital increased from 14,94,40,980 shares to 14,95,02,111 shares.

- Q1 FY27 Revenue (ex-foundit) grew 20% YoY; EBITDA grew 48% YoY with margins expanding to 3.8% (vs 3.1% YoY); PAT grew 34% YoY. - Completed STEAG Energy Services India acquisition, adding 4 multi-year deals valued over ₹5,100 Cr to top line over 5 years. In process of acquiring LSG Sky Chefs India's Bengaluru operations (₹112 Cr annual revenue, high-teen EBITDA margins). - FY27 guidance (ex-investment businesses): Revenue > ₹4,700 Cr (▲42% YoY), EBITDA > ₹200 Cr (▲65% YoY), PAT > ₹100 Cr (▲50% YoY). - Targeting to exit FY27 with >5% EBITDA margins and ROE expanding to ~13%; long-term ROE of 20% expected by FY29 (ahead of FY30 target). - Foundit (investment business) recorded ₹25 Cr sales with an EBITDA loss of ₹14 Cr in Q1 FY27, targeting breakeven by Q4 FY27. - Focus on aggressive debt repayment, synergy realization from acquisitions, and cross-selling initiatives to drive organic growth (expected 15-16% in FY27).

- Analyst call recording for Q1FY27 earnings conducted on August 01, 2026, has been uploaded to the company's website.

- Revenue ₹930 Cr vs ₹777 Cr (▲20% YoY) - EBITDA ₹35 Cr vs ₹24 Cr (▲48% YoY) - PAT ₹16 Cr vs ₹11 Cr (▲47% YoY) - EBITDA Margin 3.8% vs 3.1% (▲72bps)

- Consolidated Revenue ₹949.29Cr vs ₹797.23Cr (▲19.07% YoY) - EBITDA ₹20.63Cr vs ₹10.40Cr (▲98.30% YoY) - PAT Loss ₹1.58Cr vs Loss ₹7.15Cr (Loss reduced by ₹5.57Cr YoY) - EBITDA Margin 2.17% vs 1.30% (▲87bps)

- Concall Schedule - Concall Date: Saturday, August 01, 2026 - Concall Time: 10:30 AM IST - Topic: Q1 FY27 Financial Results

- India Ratings and Research has assigned 'IND A/Stable/IND A1' credit rating to the INR 850 million bank loan facilities of Bluspring's material subsidiary, Terrier Security Services (India) Private Limited.

- Bluspring's wholly-owned subsidiary BNHTPL secured a ₹125 Crore term loan from an NBFC. - The loan funds the 100% acquisition of LSG Sky Chefs (India) Private Limited. - The loan is secured and has a tenor of up to 48 months.

- Order Win: Bluspring subsidiary, STEAG Energy Services (India) Private Limited, secured multiple long-term contracts. - Order Value: ₹5,112 Crores from new and renewed deals. - Key Contracts: Includes BALCO (₹2,050 Cr), Vedanta Aluminium Metal Limited (₹1,219 Cr & ₹1,437 Cr), and Vedanta Power Limited (₹406 Cr). - Completion Timeline: Contracts are across a 5-year period, commencing from July 1, 2026, and August 1, 2026. - Expected Impact: Adds over 20% to Bluspring's topline, increases high-margin business, and is expected to expand EBITDA margin by 90-100 bps.

- Order Win: Bluspring Enterprises Limited's step-down subsidiary, STEAG Energy Services (India) Private Limited, won an order from Vedanta Aluminium Metal Limited. - Order Description: Comprehensive Operations and Maintenance contract for a Captive Power Plant (1,215 MW). - Order Value: ₹1,437.17 Crores (estimated aggregate, plus applicable taxes). - Completion Timeline: The contract is for a period of 5 years, effective from August 1, 2026.

- Order Win: Bluspring Enterprises Limited (via subsidiary STEAG Energy Services (India) Private Limited) received an extension of contract for Operations and Maintenance of Thermal Power Plant 600 MW from Vedanta Power Limited. - Order Value: ₹406.43 Crores (plus applicable taxes). - Completition Timeline: 5 years, effective from July 1, 2026.

- Order Win: Bluspring Enterprises Limited's subsidiary, STEAG Energy Services (India) Private Limited, received a contract extension from Vedanta Aluminium Metal Limited. - Order Value: ₹1,219.85 Crores (estimated aggregate contract value). - Completion Timeline: 5 years, effective July 1, 2026, for Operations and Maintenance of Thermal Power Plant (1,800 MW).

- Trading window for designated persons closed from July 01, 2026. - It will remain closed until 48 hours after the declaration of unaudited quarterly financial results for the quarter ending June 30, 2026.

- Bluspring Enterprises Limited granted 45,29,072 employee stock options under its ESOS 2026 on June 15, 2026, to eligible employees and subsidiaries. - The exercise price for these options is INR 10/- each. - Options will vest between 1 to 4 years and can be exercised within 3 years of vesting.