Blue Star Limited has announced the resignation of its Executive Director, marking the end of a distinguished 37-year career with the company. The resignation represents a significant leadership transition for the air conditioning and commercial refrigeration major.

Executive Leadership Change

Mr P Venkata Rao (DIN: 09177075), Executive Director – Projects, Solutions & International, tendered his resignation on January 15, 2026, at 8:11 a.m., citing personal reasons. The company's Nomination & Remuneration Committee accepted the resignation during its meeting held on the same day.

Career Tenure and Service

Mr Rao's association with Blue Star spans nearly four decades, beginning in November 1985 when he joined as a Trainee Engineer. His resignation letter expressed gratitude to the leadership team, including Chairman & Managing Director Vir S Advani and Managing Director B Thiagarajan, along with other board members and colleagues.

In his resignation communication, Mr Rao stated his pride in being part of Blue Star's journey and the collective achievements during his tenure. He expressed confidence in the company's continued growth under the current leadership.

Regulatory Compliance

The company has fulfilled all disclosure requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both BSE Limited and National Stock Exchange of India Limited, with the information also published on the company's official website.

Transition Timeline

Mr Rao will be relieved from his duties with effect from the close of business hours on Saturday, February 28, 2026. This provides the company with a transition period of approximately six weeks to manage the handover of responsibilities in the Projects, Solutions & International division.

The resignation marks the conclusion of a significant tenure in Blue Star's leadership structure, with Mr Rao having witnessed and contributed to the company's evolution over nearly four decades of service.

Blue Star Ltd. witnessed significant institutional trading activity with a major block trade executed on the National Stock Exchange (NSE). The transaction represents a substantial movement in the company's shares through the block deal mechanism.

Block Trade Details

The block trade executed on NSE involved key parameters that highlight the scale of institutional investor participation:

Market Significance

Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted through a separate window to minimize the impact on regular market prices and provide liquidity for large-scale trading requirements.

The execution price of ₹1,812.80 per share for this block trade provides insight into the institutional valuation of Blue Star shares. Such transactions often indicate strategic portfolio adjustments, stake changes, or institutional rebalancing activities.

Transaction Impact

The block trade mechanism allows for efficient execution of large orders without causing significant price volatility in the regular trading sessions. With approximately 100,262 shares changing hands in this single transaction, it represents a meaningful volume that could have impacted regular market trading if executed through conventional means.

This block trade activity demonstrates continued institutional interest in Blue Star Ltd. and reflects the liquidity available in the stock for large-scale transactions.