BlueStone Jewellery & Lifestyle Limited has successfully concluded its postal ballot voting process for the ratification of its Employee Stock Option Plan 2014. The voting concluded on January 25, 2026, with shareholders demonstrating strong support for the resolution.

Voting Results and Participation

The postal ballot witnessed significant participation from shareholders across different categories. The company had 42,508 total shareholders on the record date of December 19, 2025.

Resolution Details

The special resolution focused on the ratification of the BlueStone Jewellery and Lifestyle Limited – Employee Stock Option Plan 2014. This resolution required special majority approval and was not considered to have any promoter or promoter group interest.

E-Voting Process and Timeline

The voting process was conducted entirely through electronic mode using NSDL's e-voting platform. Key timeline details include:

Scrutinizer Oversight

Mr. Mitesh J. Shah of M/s. Mitesh J. Shah & Associates, Practicing Company Secretaries, served as the appointed scrutinizer for the postal ballot process. He was appointed by the Board of Directors on December 23, 2025, and issued his report on January 27, 2026.

The scrutinizer confirmed that 244 shareholders participated in the e-voting process, with 212 shareholders voting in favour and 32 voting against the resolution. The votes were unblocked from the NSDL e-voting system at 11:05 AM IST on January 27, 2026.

Corporate Compliance

The postal ballot was conducted in compliance with Sections 108 and 110 of the Companies Act, 2013, read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also adhered to various MCA circulars, including General Circular No. 14/2020, 17/2020, 09/2023, 09/2024, and 03/2025.

The successful ratification of the Employee Stock Option Plan 2014 demonstrates strong shareholder confidence in the company's employee incentive strategies. Managing Director Gaurav Singh Kushwaha confirmed the results and ensured proper documentation of the entire process.

BlueStone Jewellery & Lifestyle Limited has reported a significant financial turnaround in its Q3 FY26 results, posting a standalone profit of ₹714.55 million compared to a loss of ₹268.75 million in the same quarter last year. The jewellery company's Board of Directors approved these unaudited financial results for the quarter ended December 31, 2025, during their meeting held on January 22, 2026.

Strong Revenue Growth Drives Quarterly Performance

The company demonstrated robust revenue growth with operations revenue reaching ₹7,479.00 million in Q3 FY26, representing a 27.44% increase from ₹5,870.92 million in Q3 FY25. Total income for the quarter stood at ₹7,586.40 million, up from ₹6,029.25 million in the corresponding period last year.

Nine-Month Performance Shows Improvement

For the nine months ended December 31, 2025, the company reported a loss of ₹104.42 million, a substantial improvement from the ₹1,705.67 million loss in the corresponding period of FY25. Revenue from operations for the nine-month period reached ₹17,535.70 million compared to ₹13,087.00 million in the previous year, marking a 34.00% growth.

Cost Management and Operational Efficiency

The company's total expenses for Q3 FY26 were ₹6,871.85 million, compared to ₹6,298.00 million in Q3 FY25. Key expense components included cost of raw materials consumed at ₹6,270.87 million and employee benefits expense of ₹724.59 million. The company benefited from a positive change in inventories of ₹2,173.41 million, indicating strong inventory management.

IPO Proceeds Utilization

The company continues to deploy its IPO proceeds effectively, having utilized ₹5,506.50 million out of the total ₹8,200.00 million raised. The utilization breakdown shows:

Corporate Structure and Operations

The consolidated results include the company's subsidiary Ethereal House Private Limited and its associate Redefine Fashion Private Limited. The company operates in a single segment focusing on the design, manufacture, and sale of jewellery, with all revenue derived from the domestic market. During the nine months ended December 31, 2025, the company granted 1,647,192 Employee Stock Options under its Employee Stock Option Plan 2014.

Regulatory Compliance and Future Outlook

The financial results have been prepared in accordance with Indian Accounting Standards and reviewed by the statutory auditors MSKA & Associates LLP, who issued an unmodified conclusion. The company's equity shares have been listed on BSE and NSE since August 19, 2025, with the paid-up equity share capital standing at ₹151.32 million as of December 31, 2025.