Blue Star Limited has intimated the schedule for its upcoming meetings with analysts and institutional investors. The interactions are scheduled to take place between May 25 and June 9, 2026, across various venues in Mumbai.

Meeting Schedule

The company will engage with market participants through a series of in-person group meetings. These sessions include standalone interactions as well as participation in established financial conferences.

Conference Participation

The agenda features participation in several major investor conferences. On May 29, the management will attend the Trinity India conference hosted by 360 ONE Capital. Subsequently, the company is scheduled to engage with investors at the Bank of America Securities 2026 India Conference on June 2.

Further interactions are planned with Citi at its India conference 2026 on June 4, followed by the ICICI Securities India Investor Conference 2026 on June 9. All these events are designated as in-person group meetings.

The company noted that the schedule is subject to changes. This disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Blue Star Limited announced that its Executive Management Committee approved the proposed acquisition of the balance 51% shareholding in Blue Star Qatar W.L.L. (BSQ). The acquisition will be made from Al Malki Trading & Contracting Co. (ATC) at a face value of Qatari Riyal (QAR) 1,02,000. The total consideration for the transaction shall not exceed ₹50 lakh, subject to fair market valuation in accordance with applicable foreign exchange laws and Reserve Bank of India guidelines.

BSQ is currently a joint venture where Blue Star Limited holds 49% of the share capital, while ATC holds the remaining 51%. However, the company holds 95% of the economic interest in BSQ and retains management control, classifying it as a subsidiary under the Companies Act, 2013. The initial structure was mandated by Qatari laws requiring a minimum of 51% local ownership.

Rationale for Acquisition

Following subsequent changes in the regulatory framework in Qatar, 100% foreign ownership is now permitted in BSQ's business line. Consequently, the company proposes to acquire the entire 51% shareholding, including the 5% economic interest held by ATC. Upon completion, BSQ will become a wholly owned subsidiary, resulting in a simplified shareholding structure without any change in control.

Financial and Operational Details

The turnover of BSQ for the financial year ended March 31, 2026, was QAR 53 million. The acquisition is not a related party transaction, and the promoter group has no interest in BSQ other than the shares already held by the company.

Approvals and Timeline

The proposed acquisition is subject to necessary approvals from regulatory authorities in both India and Qatar. These include the Reserve Bank of India, the General Tax Authority (Qatar), the Ministry of Labour (Qatar), and the Ministry of Commerce & Industry (Qatar). The company expects the transaction to be completed within 8 months, subject to the fulfilment of customary closing conditions and receipt of these regulatory approvals.