Blue Star Ltd — Board/Management Information 2024

Aug 6, 2024

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August 6, 2024

BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO

Dear Sir/Madam,

Sub.: Outcome of the Board Meeting under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’)

With reference to our letter dated June 26, 2024, and in accordance with Regulation 30 of the Listing Regulations, we hereby inform you that the Board of Directors (the ‘Board’) at its Meeting held today, i.e., Tuesday, August 6, 2024, have, based on the recommendations of the Nomination and Remuneration Committee, approved appointment of Mr Ponnada Venkata Rao, (DIN: 09177075) as an Additional Director designated as an Executive Director - Projects, Solutions & International of the Company for a period commencing from August 7, 2024 to July 31, 2028, subject to the approval of Members of the Company.

The Company shall seek the approval of Members through postal ballot.

The details as required under Regulation 30 of the Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as “Annexure – I”.

The meeting commenced at 11:00 a.m. and concluded at 3:00 p.m.

Kindly take the same on record.

This intimation is also being made available on the website of the Company at www.bluestarindia.com

Thanking you, Yours faithfully, For Blue Star Limited RAJESH DIGAMBAR PARTE Digitally signed by RAJESH DIGAMBAR PARTE DN: c=IN, o=PERSONAL, title=5749, pseudonym=6729d59dfc2a4a71a5632e039dbb3f14, 2.5.4.20=3ee67315b0a8e81797298ba702737ee4f4c9aaeb14b23c618ec4ece01383c81e, postalCode=400037, st=Maharashtra, serialNumber=f61ea3be0521495570c9c7936a63d125c2a0069839e393780a58fc3b33921632, cn=RAJESH DIGAMBAR PARTE Date: 2024.08.06 15:01:56 +05'30'

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Rajesh Parte Company Secretary & Compliance Officer Membership No.: A10700 Encl.: a/a

\172.16.31.16\Legal and Secretarial Documents(01) Blue Star Limited\2024-25\Stock Exchange Compliances\Regulation 30 - Information and Update\6. Outcome of BM\2. August 6, 2024

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Annexure - I

Details as required under the Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023

Disclosure details in relation to appointment of Mr Ponnada Venkata Rao:

Sr.
No		Particulars			Description
.
1		Reason for change viz. appointment, ~~re-appointment,~~ ~~resignation, removal, death or~~ ~~otherwise~~			Appointment of Mr Ponnada Venkata Rao (DIN: 09177075) as an Additional Director designated as an Executive Director - Projects, Solutions & International of the Company, subject to approval of Members.
2		date of appointment/~~re-~~ ~~appointment/cessation~~ ~~(~~as applicable) & term of appointment/~~re-appointment~~			Appointment for a period commencing from August 7, 2024 to July 31, 2028.
3		Brief profile			Mr Ponnada Venkata Rao joined Blue Star Limited as a Trainee Engineer in 1985. He holds a degree in Mechanical Engineering with an MBA in Marketing and a Post Graduate diploma in Industrial Relations and Personnel Management. He has also completed the ‘Senior Executive Program’ from London Business School. Venkat has a long and enriching 39 years of experience in AC&R industry, including 36 years in Blue Star and brief stints with Carrier Aircon (1995-96) as Sales Manager and ETA (2014-16) as Chief Executive Officer. He currently represents Blue Star Limited in CII as the member of the Western Region Council. He is a Life Member of The Indian Society of Heating, Refrigerating and Air Conditioning Engineers (ISHRAE) and the past President for its Hyderabad chapter.
4		Disclosure of relationships between directors (in case of appointment ofa director)			None of the Directors of the Company are inter- se related to Mr Ponnada Venkata Rao.

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	5	Information as required under BSE circular Number LIST/COM/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June20,2018	Mr Ponnada Venkata Rao is not debarred from holding the office of Director pursuant to any SEBI Order or Order of any such authority.

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