Blue Star Ltd — Capital/Financing Update 2023

Sep 29, 2023

==> picture [595 x 111] intentionally omitted <==

September 29, 2023

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 : Press Release

We are enclosing herewith a copy of the Press Release issued by the Company titled “Blue Star announces completion of fundraise of Rs 1000 crores by the way of QIP” .

The aforesaid information is also being placed on the website of the Company at www.bluestarindia.com

Kindly take the same on record.

Thanking you, Yours faithfully, For Blue Star Limited

RAJESH Digitally signed by RAJESH DIGAMBAR PARTE DN: c=IN, postalCode=400037, st=MAHARASHTRA, l=MUMBAI, o=Personal, serialNumber=f61ea3be0521495570c9c7936a63d125c2a0069839e393780a58fc3b33921632 DIGAMBAR PARTE , pseudonym=146d1bcb488b49b2b9a8e13a042354d4, 2.5.4.20=34b7ed256fda6cfc6a2105278ca9562b264314f4c73a57abf2a2f7ffe1e67c1b, email=RAJESH.PARTE13@GMAIL.COM, cn=RAJESH DIGAMBAR PARTE Date: 2023.09.29 16:58:50 +05'30'

==> picture [74 x 71] intentionally omitted <==

Rajesh Parte Company Secretary & Compliance Officer

Encl.: a/a

\172.16.31.16\Legal and Secretarial Documents(01) Blue Star Limited\2023-24\Stock Exchange Compliances\Reg 30 - Information and Update\Press Release\3. September 29, 2023

==> picture [596 x 41] intentionally omitted <==

Blue Star Limited

==> picture [111 x 26] intentionally omitted <==

PRESS RELEASE

Blue Star announces completion of fundraise of Rs 1000 crores by the way of QIP

Blue Star Limited has completed a fundraise of Rs 1,000 crores, through a Qualified Institutional Placement (“QIP”) of equity shares. The first-ever QIP transaction of the Company has witnessed a strong response from marquee foreign portfolio investors, sovereign wealth funds and top domestic institutional investors. The QIP has inter alia attracted global funds like Norges, Fidelity, ADIA, Goldman Sachs etc. while existing investors like First State and HSBC Global continue to repose faith in management and Company. Besides global funds, top leading domestic funds like SBI MF, Kotak MF, HDFC MF, Nippon MF, Aditya Birla MF, and Insurance Companies like SBI Life, HDFC Life and ICICI Pru Life have invested, and in some cases built on the positions already held by them.

Speaking on the overwhelming response received on the first-ever QIP of Blue Star, Vir S Advani, Vice Chairman & Managing Director, Blue Star Limited said, “As a part of our growth strategy, the Company will make substantial investments in manufacturing capacity expansion, design and development of new products, digitalisation initiatives and capability building. The infusion of equity will help us to accelerate our plans. We are honoured and grateful for the support and faith instilled in us by our investors and are committed to create long-term value for our stakeholders.”

Place: Mumbai

Date: September 29, 2023

For additional information, please contact: Girish Hingorani, Vice President – Marketing (Cooling & Purification Appliances) & Corporate Communications, Blue Star Limited. Email: girishhingorani@bluestarindia.com Telephone: +91 22 66684002/ +91 98204 15919