Blue Star Ltd — Capital/Financing Update 2024

Oct 21, 2024

==> picture [596 x 110] intentionally omitted <==

October 21, 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.: Grant of Options under Blue Star Employees Stock Option Scheme 2024 (‘ESOP 2024’)

This is to inform you that the Nomination and Remuneration Committee (‘NRC’) at its Meeting held today, i.e., Monday, October 21, 2024, have, inter alia, approved the grant of Stock Options to the Eligible Employees under ESOP 2024. The brief details of the Stock Options granted, are as under:

• a. Date of approval of NRC for grant of Stock Options - October 21, 2024 (‘Grant Date’);

• b. Number of Stock Options granted – 80,660 Stock Options, each Stock Option represents one equity share of the face value of Rs 2 each;

• c. Number of equity shares covered under the Stock Options granted – 80,660 equity shares of Rs 2 each;

• d. Exercise price - Rs 2 per Stock Option;

• e. Vesting Period - The vesting of Stock Options commences after a period of 12 months from the date of Grant. The Stock Options granted to the Eligible Employees shall vest within the Vesting Period in the manner as set forth in the Grant letter;

• f. Exercise Period - The vested Stock Options can be exercised any time after vesting depending on right to exercise within a period of 7 years from date of Grant;

• g. The Grants have been made as per the terms and conditions mentioned in the ESOP 2024, as modified, from time to time.

==> picture [594 x 41] intentionally omitted <==

==> picture [596 x 110] intentionally omitted <==

The above 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 DIGAMBAR PARTE Date: 2024.10.21 18:29:00 PARTE +05'30'

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

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

==> picture [594 x 41] intentionally omitted <==