Blue Star Ltd has announced the launch of a comprehensive new line of cooling products designed for Summer 2026, marking a significant expansion in the company's product portfolio and manufacturing capabilities.

Product Launch Details

The new cooling product line features 125 room air conditioners that have been designed to meet updated Bureau of Energy Efficiency (BEE) standards. This compliance ensures that the products align with the latest energy efficiency regulations, providing consumers with environmentally conscious cooling solutions.

Manufacturing Capacity Expansion

To support this product launch, Blue Star has expanded its manufacturing capacity to 1.8 million units. This capacity enhancement demonstrates the company's commitment to meeting anticipated market demand for the new cooling product range.

Technology Integration

The new product line incorporates advanced technological features designed to enhance user experience and functionality:

• Smart WiFi-enabled options: Allowing remote control and monitoring capabilities
• Enhanced air quality technologies: Providing improved indoor air purification and quality management

These technological enhancements position Blue Star's new products at the forefront of smart home cooling solutions, catering to the growing consumer demand for connected and intelligent appliances.

Market Positioning

With the launch scheduled for Summer 2026, Blue Star is positioning itself to capture market share during the peak cooling season. The combination of BEE standard compliance, smart technology integration, and expanded manufacturing capacity reflects the company's strategic approach to meeting evolving consumer preferences and regulatory requirements in the air conditioning market.

Blue Star Limited has issued a comprehensive postal ballot notice dated February 27, 2026, seeking shareholder approval for three critical director appointments through remote e-voting. The company has proposed significant leadership changes that will shape its strategic direction in the coming years.

Key Director Appointments Proposed

The postal ballot notice outlines three major resolutions for shareholder consideration:

E-Voting Schedule and Process

The company has established a comprehensive e-voting framework for shareholder participation. The remote e-voting period will commence on Monday, March 2, 2026, at 09:00 hours IST and conclude on Tuesday, March 31, 2026, at 17:00 hours IST. The cut-off date for determining eligible shareholders is Friday, February 20, 2026.

In compliance with Ministry of Corporate Affairs circulars, physical copies of the postal ballot notice and forms will not be distributed. The notice is being sent exclusively in electronic form to registered email addresses. National Securities Depository Limited has been engaged to provide the remote e-voting facility.

Managing Director Re-appointment Details

B Thiagarajan's proposed re-appointment comes with a comprehensive remuneration structure for the period from April 1, 2026 to May 24, 2027. His compensation package includes:

The performance-linked incentives will be evaluated based on multiple parameters including achievement against Annual Business Plan for consolidated operating revenue, profit metrics, strategic key result areas, sustainability initiatives, and organizational capability development.

New Executive Director Appointment

Mohit Sud, who joined the company in March 2025 as Group President, Unitary Cooling Products, is proposed for appointment as Executive Director. His remuneration structure includes:

Sud's appointment reflects the company's strategy to strengthen its unitary cooling products business, which encompasses room air conditioners and commercial refrigeration segments.

Independent Director Addition

M S Unnikrishnan, CEO of IITB-Monash Research Academy and former Managing Director & CEO of Thermax Group, has been proposed as an Independent Director. His appointment for a five-year term from January 29, 2026 to January 28, 2031 will bring extensive experience in strategy, business planning, and governance to the board.

Scrutinizer and Results Declaration

The Board of Directors has appointed Ms Deepti Kulkarni or alternatively Mr Omkar Dindorkar of M/s MMJB & Associates LLP as scrutinizers to conduct the postal ballot process. The results will be declared on or before Thursday, April 2, 2026, and will be communicated to stock exchanges and published on the company's website.

The postal ballot notice emphasizes that shareholders holding shares in either physical or dematerialized form as on the cut-off date may participate in the e-voting process. The company has made arrangements with its Registrar and Share Transfer Agent, MUFG Intime India Private Limited, to facilitate email registration for shareholders who have not yet registered their email addresses.