Blue Star Limited has appointed Nikhilesh Panchal as an Independent Director for a term of five consecutive years, effective from August 14, 2026. The Board of Directors approved the appointment on August 6, 2026, following recommendations from the Nomination and Remuneration Committee. This addition to the Board strengthens the company’s governance structure with a senior legal expert specializing in corporate and commercial law. The appointment remains subject to shareholder approval, which will be sought via postal ballot.

The Board meeting took place on Thursday, August 6, 2026, commencing at 10:00 a.m. and concluding at 2:15 p.m. In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Blue Star Limited disclosed the change in directorate to the stock exchanges. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the disclosure requirements for independent directors.

Profile of Nikhilesh Panchal

Nikhilesh Panchal brings over 35 years of experience as a practicing lawyer. He is a registered Advocate with the Bar Council of Maharashtra & Goa and a registered Solicitor with the Bombay Incorporated Law Society and the Law Society of England & Wales. Additionally, he holds registration as a Patent and Trademark Attorney and possesses a master’s degree in law.

Panchal has been a partner at M/s Khaitan & Co since 2005. Prior to this role, he served as a partner at M/s Little & Co. His expertise spans corporate and commercial laws, with significant experience in acquisitions, mergers, amalgamations, and capital market transactions. He has handled primary market transactions involving domestic and international capital raising, as well as secondary market activities including takeovers, buybacks, delisting, and capital reduction.

Key Details of Appointment

Compliance and Disclosures

The filing confirms that Nikhilesh Panchal is not related to any other director of Blue Star Limited. Furthermore, he is not debarred from holding the office of Director pursuant to any SEBI order or order from any other authority, in accordance with BSE circular Number LIST/COM/14/2018-19 and NSE circular no. NSE/CML/2018/24 dated June 20, 2018. Rajesh Parte, Company Secretary & Compliance Officer (Membership No.: A10700), certified the disclosure.

What This Means for Governance

The appointment of a senior legal professional with extensive experience in M&A and capital markets aligns with regulatory expectations for independent oversight. Panchal’s background in foreign collaborations, joint ventures, and Intellectual Property rights may provide valuable guidance to the Board on complex legal and strategic matters. The requirement for shareholder approval via postal ballot ensures that the decision undergoes further scrutiny by the company’s owners before the term officially begins on August 14, 2026.

Blue Star Limited will host an in-person meeting with analysts and institutional investors on August 10, 2026, in Mumbai. The session, scheduled from 10:00 am to 12:00 noon, forms part of the Nirmal Bang Semi-Annual Investor Conference 2026. This engagement provides market participants with a direct channel to discuss the company’s operational performance and strategic outlook with management.

The intimation was issued pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Blue Star Limited disclosed the schedule to ensure transparency and timely dissemination of material information to stakeholders.

Meeting Details

The interaction is structured as a group meeting, allowing multiple participants to engage simultaneously with the company’s leadership team.

The company noted that the schedule is subject to change if necessary. The disclosure was also published on the company’s website at www.bluestarindia.com .

Corporate Governance

The communication was signed by Rajesh Parte, Company Secretary & Compliance Officer, on August 5, 2026. The filing confirms Blue Star Limited’s adherence to regulatory disclosure norms regarding investor interactions.