Bluestone Jewellery & Lifestyle saw a significant change in shareholding as Accel India III (Mauritius) Ltd sold 28,00,000 shares, representing 2.50% of the company's equity, through open market transactions on September 24, 2026.

This formal disclosure under Regulation 29(2) of SEBI (SAST) Regulations confirms the identity of the seller involved in a large trade previously flagged by real-time scanning systems. Prior to this sale, Accel held 1,23,13,091 shares (8.08%), which has now reduced to 95,13,091 shares (5.58%).

Stake reduction details

The transaction was executed in the open market and does not involve any encumbrances or convertible securities. Accel India III is not part of the promoter group. The company's total equity share capital remains unchanged at 15,24,01,781 shares of face value ₹1 each, as per the latest disclosed shareholding pattern for the quarter ended June 30, 2026.

Context of earlier trade signal

Earlier, a real-time trade-scanning system flagged approximately 54,02,907 shares worth ₹460.92 crore changing hands on BSE at ₹853.10 per share. While such signals indicate clusters of trades within a short window, they do not constitute confirmed block or bulk deals until published by NSE/BSE after market close.

The new disclosure clarifies that a portion of this activity involved Accel's exit from a significant portion of its stake. A bulk deal is defined as one client's total trading crossing 0.5% of equity in a single day, while block deals occur in dedicated windows. This specific transaction falls under standard open market sales disclosed post-facto.

What the numbers show

Accel's holding has dropped below the 6% threshold, moving from 8.08% to 5.58%. The sale of 28 lakh shares represents a substantial reduction in institutional exposure. The total diluted share capital remains unchanged at 15,24,01,781 shares, indicating no dilution occurred due to this transaction.

Bluestone Jewellery & Lifestyle appointed Amit Jain as a Non-Executive Non-Independent Director effective September 14, 2026. The appointment was approved by shareholders at the company’s 15th Annual General Meeting held on the same date.

Jain replaces Sameer Dileep Nath, who retired by rotation and chose not to seek reappointment. Nath’s tenure ended on September 14, 2026.

Board Composition Change

The change in board composition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Jain is liable to retire by rotation. The company confirmed that he is not debarred from holding the office of Director pursuant to any SEBI Order or order of any such authority.

Profile of New Director

Amit Jain is the Chief Executive Officer and Co-Founder of CarDekho Group, an autotech, fintech and mobility services platform valued at USD 1.2 billion. An alumnus of IIT Delhi, Jain began his career as a Software Engineer with Tata Consultancy Services. He subsequently spent nearly seven years with the US-based multinational firm Trilogy.

In 2007, Jain co-founded GirnarSoft with his brother, Anurag Jain. Under his leadership, the CarDekho Group has grown into a diversified conglomerate employing over 6,000 professionals. The group serves more than 40 million active users a month across India and Southeast Asia.

The portfolio spans Autotech (CarDekho.com, BikeDekho, ZigWheels, PowerDrift), insurtech (InsuranceDekho), fintech (rupyy), mobility (Revv, Carrum) and international operations (CarMudi, Oto) across Indonesia, Malaysia and the Philippines.

Jain also serves on the investors' panel of Shark Tank India and is a member of the Startup Policy Forum. He led CarDekho Group to become India's first unicorn to commit to carbon neutrality by 2050 under the United Nations' Climate Neutral Now programme.