Blue Star Limited has informed the Exchange regarding Notice of Postal Ballot
BLUESTARCO · price
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On the reaction day the stock moved 0.2 pts less than Nifty Midcap 150 and 0.4 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Blue Star Limited has issued a Postal Ballot Notice dated February 27, 2026, seeking shareholder approval for three resolutions. The first is the re-appointment of Mr B Thiagarajan as Managing Director for a further period from April 1, 2026 to May 24, 2027, with a proposed fixed compensation of ₹54.17 lakhs per month and a Target Performance Linked Incentive of ₹905 lakhs per annum for FY2026-27. The second is the appointment of Mr Mohit Sud as Executive Director – Unitary Cooling Products Group, effective April 1, 2026, for a five-year term ending March 31, 2031. The third is the appointment of Mr M S Unnikrishnan as an Independent Director for a five-year term from January 29, 2026 to January 28, 2031. Voting will be conducted through remote e-voting from March 2, 2026 to March 31, 2026, with results to be announced on or before April 2, 2026. The cut-off date for eligibility is February 20, 2026.
This is a routine governance exercise to renew leadership continuity and add board strength. Shareholders need to vote on the resolutions during the e-voting window; the outcomes are largely procedural but reflect the company's succession and board-composition plans.