BlueStone Jewellery and Lifestyle CEO, MD, chairman, board of directors and AGM
NSE: BLUESTONEBSE: 544484Consumer DurablesSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹760.70.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹11,171 Cr657th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 22 Oct 2026
- 106.6
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 Oct 2026
- 6.1
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 22 Oct 2026
- 6.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 22 Oct 2026
- 9.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 22 Oct 2026
- 0.49
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 27,19,33814.5% delivered
BlueStone Jewellery and Lifestyle board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing director and CEOGAURAV SINGH KUSHWAHARelated to the promoter
- Company Secretary and Compliance OfficerMandar Godbole
6 directors3 independent1 executive2 non-executive
- GAURAV SINGH KUSHWAHA · Chairperson and managing director and CEOExecutive · joined Apr 2012 · reappointed Jul 2022 · 1 listed board · 1 committee seat
- PRASHANTH PRAKASHNon-executive · joined Oct 2011 · 1 listed board · 1 committee seat
- ROHIT BHASINIndependent · joined Aug 2024 · 25 months as independent · 5 listed boards · 5 as independent · 8 committee seats, 4 as chair
- RAJESH KUMAR DAHIYAIndependent · joined Aug 2024 · 25 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
- AMIT JAINNon-executive · joined Sep 2026 · 1 listed board
- NEHAIndependent · joined Aug 2024 · 25 months as independent · 1 listed board · 1 as independent · 1 committee seat
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- SAMEER DILEEP NATH, left 14 Sep 2026: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 2 Sep 20265 of 6 present3 independent · 18 days in between
- 14 Aug 20266 of 6 present3 independent · 24 days in between
- 20 Jul 20266 of 6 present3 independent · 60 days in between
- 20 May 20265 of 6 present3 independent · 26 days in between
1 earlier meeting
- 23 Apr 20266 of 6 present3 independent
Audit Committee
Chair ROHIT BHASIN
RAJESH KUMAR DAHIYA, GAURAV SINGH KUSHWAHA
- 20 Jul 20263 of 3 present2 independent · 60 days in between
- 20 May 20262 of 3 present2 independent · 26 days in between
- 23 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair RAJESH KUMAR DAHIYA
NEHA, PRASHANTH PRAKASH
- 2 Sep 20263 of 3 present2 independent · 18 days in between
- 14 Aug 20263 of 3 present2 independent · 85 days in between
- 20 May 20263 of 3 present2 independent · 33 days in between
- 16 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair RAJESH KUMAR DAHIYA
NEHA, PRASHANTH PRAKASH, ROHIT BHASIN
No meeting listed in the filing.
Risk Management Committee
Chair ROHIT BHASIN
NEHA, RAJESH KUMAR DAHIYA
- 27 Jul 20263 of 3 present3 independent
Corporate Social Responsibility Committee
Chair RAJESH KUMAR DAHIYA
PRASHANTH PRAKASH, ROHIT BHASIN
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M S K A & Associates LLP (formerly known as M S K A & Associates)Peer-review certificate valid to Jul 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
BlueStone Jewellery and Lifestyle AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.BlueStone Jewellery and Lifestyle share news and announcements
Annual general meeting, 14 Sep 2026
54,196 shareholders on the register on 7 Sep 2026; present: 2 promoters and 35 others; votes counted by Mitesh Shah / Mitesh J Shah & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company together with the reports of the Board of Directors and Auditors thereon for the Financial Year ended March 31, 2026.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.31% · promoters 100.00% · institutions 64.81% · other public 20.59%
- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company together with Auditors Report thereon for the Financial Year ended March 31, 2026.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 59.31% · promoters 100.00% · institutions 64.81% · other public 20.59%
To appoint Mr. Amit Jain (DIN: 01613364), as a Non-Executive, Non-Independent Director, in place of Mr. Sameer Dileep Nath (DIN: 07551506), Director liable to retire by rotation, who does not seek re-election.MoreLess
Ordinary99.60% for0.40% againstAgainst: promoters 0.00% · institutions 0.62% · other public 0.01%
Turnout: all 59.31% · promoters 100.00% · institutions 64.81% · other public 20.59%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 30 May 2026, 2 resolutions
40,195 shareholders on the register on 24 Apr 2026; votes counted by Mitesh Shah / Mitesh J. Shah & Associates.The company's voting result (opens in a new tab)
- To approve the Grant of a One-time Special Bonus to Mr. Gaurav Singh Kushwaha, Managing Director and Chairman of the Company.SpecialPromoters have an interest in it97.39% for2.61% against
Against: promoters 0.00% · institutions 3.49% · other public 0.13%
Turnout: all 74.63% · promoters 100.00% · institutions 82.33% · other public 16.37%
- To approve the increase in Remuneration of Mr. Gaurav Singh Kushwaha, Managing Director and Chairman of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.13%
Turnout: all 77.23% · promoters 100.00% · institutions 86.17% · other public 16.37%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Postal ballot, 25 Jan 2026, 1 resolution
42,508 shareholders on the register on 19 Dec 2025; votes counted by Mitesh Shah / Mitesh J. Shah & Associates.The company's voting result (opens in a new tab)
- Ratification of the Bluestone Jewellery and Lifestyle Limited – Employee Stock Option Plan 2014.Special92.35% for7.65% against
Against: promoters 0.00% · institutions 10.97% · other public 0.01%
Turnout: all 68.12% · promoters 100.00% · institutions 86.55% · other public 14.71%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 29 Sep 2025, 5 resolutions
47,792 shareholders on the register on 22 Sep 2025; present: 1 promoter and 41 others; votes counted by Parth Joshi / Parth Joshi & Co.The company's voting result (opens in a new tab)
- Approval of the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with the Auditor’s Report and the Directors’ Report thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.66% · promoters 98.80% · institutions 68.22% · other public 33.07%
- Approval of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 together with the Auditor’s Report thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.66% · promoters 98.80% · institutions 68.22% · other public 33.07%
- Appointment of Mr.Prashanth Prakash (DIN: 00041560), as a director, liable to retire by rotationOrdinary99.14% for0.86% against
Against: promoters 0.00% · institutions 1.26% · other public 0.00%
Turnout: all 67.66% · promoters 98.80% · institutions 68.22% · other public 33.07%
- APPOINTMENT OF M/S. MIHEN HALANI AND ASSOCIATES, COMPANY SECRETARIES, AS THE SECRETARIAL AUDITORS OF THE COMPANY FOR A TERM OF FIVE (5) CONSECUTIVE YEARSOrdinary99.44% for0.56% against
Against: promoters 0.00% · institutions 0.81% · other public 0.01%
Turnout: all 67.66% · promoters 98.80% · institutions 68.22% · other public 33.07%
- RECLASSIFICATION OF THE AUTHORISED SHARE CAPITAL AND CONSEQUENT AMENDMENT TO THE CAPITAL CLAUSE IN THE MEMORANDUM OF ASSOCIATION OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 67.66% · promoters 98.80% · institutions 68.22% · other public 33.07%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
How mutual funds voted
Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it
Mutual fund votes, meeting of 14 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)
To receive, consider and adopt the Audited Standalone Financial Statements of the Company together with the reports of the Board of Directors and Auditors thereon for the Financial Year ended March 31, 2026.MoreLess
1 for0 against- To receive, consider and adopt the Audited Consolidated Financial Statements of the Company together with Auditors Report thereon for the Financial Year ended March 31, 2026.1 for0 against
To appoint Mr. Amit Jain (DIN: 01613364), as a Non-Executive, Non-Independent Director, in place of Mr. Sameer Dileep Nath (DIN: 07551506), Director liable to retire by rotation, who does not seek re-election.MoreLess
1 for0 against
Mutual fund votes, meeting of 30 May 2026, 9 fund houses
- To approve the Grant of a One-time Special Bonus to Mr. Gaurav Singh Kushwaha, Managing Director and Chairman of the Company.
Against Mirae Asset Mutual Fund
- Mirae Asset Mutual FundRemuneration not within Company's Act
8 for1 against - To approve the increase in Remuneration of Mr. Gaurav Singh Kushwaha, Managing Director and Chairman of the Company9 for0 against
2 earlier meetings
Mutual fund votes, meeting of 25 Jan 2026, 4 fund houses
- Ratification of the Bluestone Jewellery and Lifestyle Limited – Employee Stock Option Plan 2014.
Against Mirae Asset Mutual Fund, Nippon India Mutual Fund, PGIM India Mutual Fund
- Mirae Asset Mutual FundESOP pricing at significant discount to market price (high discount implies non-alignment of potential future growth for shareholder and ESOP holders)
- Nippon India Mutual FundGovernance Concern: Potential economic benefits to a single employee appears to be disproportionate and excessive. Transparency concern: No clarity on post-employment exercise period.
- PGIM India Mutual FundNon-compliant with SEBI (SBEB & SE) Regulations, 2021: Non-Disclosure of Exercise Price / Pricing Formula; Absolute Discretion to NRC to determine Exercise Price. Governance concern: Potential economic benefits to a single employee appears to be disproportionate and excessive; Accelerated Vesting; Potential Excessive Dilution.
1 for3 against
Mutual fund votes, meeting of 29 Sep 2025, 6 fund houses
- Approval of the audited standalone financial statements of the Company for the financial year ended March 31, 2025 together with the Auditor’s Report and the Directors’ Report thereon6 for0 against
- Approval of the audited consolidated financial statements of the Company for the financial year ended March 31, 2025 together with the Auditor’s Report thereon6 for0 against
- Appointment of Mr.Prashanth Prakash (DIN: 00041560), as a director, liable to retire by rotation6 for0 against
- APPOINTMENT OF M/S. MIHEN HALANI AND ASSOCIATES, COMPANY SECRETARIES, AS THE SECRETARIAL AUDITORS OF THE COMPANY FOR A TERM OF FIVE (5) CONSECUTIVE YEARS
Against Motilal Oswal Mutual Fund, PGIM India Mutual Fund
- Motilal Oswal Mutual Fund, PGIM India Mutual FundCompliant with law. No concern on the merits of the proposed Auditors. Transparency concern: Remuneration of outgoing auditors not disclosed, thus, material change, if any, with proposed audit fee cannot be ascertained.
4 for2 against - RECLASSIFICATION OF THE AUTHORISED SHARE CAPITAL AND CONSEQUENT AMENDMENT TO THE CAPITAL CLAUSE IN THE MEMORANDUM OF ASSOCIATION OF THE COMPANY6 for0 against
Each fund house counted once, from its own disclosure; the reasons are its own words.
Stakes in unlisted companies
Reported in the filing for the quarter to Sep 2026.
- Unlisted stake heldEthereal House Private LimitedSince 22 Jan 2026
0.00% bought in the quarter; holding 74.00%, from 74.00%
- Unlisted stake boughtRedefine Fashion Private LimitedSince 21 May 2026
50.13% bought in the quarter; holding 50.13%, from 0.00%
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- Yes
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Sep 2026.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Public IssuesAug 2025, checked by Care Ratings Limited | 820.00 | – | – | No |