BlueStone Jewellery and Lifestyle Limited has informed the Exchange regarding Notice of Postal Ballot
BLUESTONE · price
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BlueStone Jewellery and Lifestyle Limited is seeking shareholder approval through a postal ballot (e-voting from May 1 to May 30, 2026, results by June 2, 2026) for two special resolutions. The first is a one-time special bonus of INR 6 crore to Mr. Gaurav Singh Kushwaha, Managing Director and Chairman, for FY26, in recognition of the company's growth and successful IPO. The second is a 35% hike in his annual remuneration, from INR 3.6 crore to up to INR 4.86 crore per annum, effective April 1, 2026. The company justifies the payouts citing FY26 revenue of INR 2,441 crore (up from INR 1,770 crore in FY25), expansion to 340 stores across 134 cities, and the August 2025 IPO listing. Total FY26 remuneration including bonus is capped at INR 9.6 crore; the MD is ineligible for ESOPs as promoter holding over 10% equity.
If approved, the company will record a higher one-time payout to its MD for FY26, but the total is capped at INR 9.6 crore and is tied to documented performance milestones. Retail shareholders may weigh this against strong revenue and store growth, and should vote before May 30, 2026.