Postal ballot: Mr. Nikhilesh Panchal appointed as Independent Director

Board & Shareholder Meetings View source PDF Explain this filing

BLUESTARCO · price

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Price reactionminutes from the announcement price · days from the prior close

+0.2%Reaction day

₹1567.60

prior close

₹1559.80

announcement price

After-mkt

timing

Nifty Midcap 150market-1.1%+1.3% vs market

Household Appliances peers, median of 22sector-1.6%+1.9% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 1.9 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

-0.4

15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.2-1.1+1.3-1.6+1.9

Next day

-0.9-2.5+1.6-3.2+2.4

-0.2-3.3+3.1-4.7+4.5

-4.4-5.3+0.9-7.8+3.4

-4.0-4.3+0.2-6.4+2.4

-2.7-3.4+0.7-4.1+1.4

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15d

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UpDownMarket · Nifty Midcap 150Sector · Household Appliances peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Blue Star Limited postal ballot to appoint Mr. Nikhilesh Panchal as Independent Director for 5 years (Aug 14, 2026 to Aug 13, 2031) passed with requisite majority on October 16, 2026. Of 20,56,14,788 shares, 16,48,06,388 votes (80.15%) were polled. 13,47,80,454 (81.78%) favored, 3,00,25,934 (18.22%) opposed. Promoters voted 100% in favor. Public institutions: 62.50% in favor. Public non-institutions: 99.92% in favor.

Likely market impact

Independent Director appointment confirmed. Strong promoter backing, though about 38% of institutional shareholders opposed.