Blue Star Limited (BSE: 500067, NSE: BLUESTARCO) has announced a significant change in its senior management structure. V S Ashok, who previously held the position of Executive Vice President – Customer Experience & ESG, has ceased to be a Senior Management Personnel of the company, effective immediately.

Management Restructuring

The decision was made by Blue Star's Nomination and Remuneration Committee during a meeting held on July 29, 2025. The committee convened from 2:00 p.m. to 2:52 p.m. to discuss and finalize this organizational change.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Blue Star promptly informed the stock exchanges about this development. The company clarified that Mr. Ashok's departure from the senior management team is due to a change in his role within the organization.

Impact on Company Structure

While the specific details of Mr. Ashok's new role have not been disclosed, this move signals a shift in Blue Star's management structure. The company, known for its air conditioning and commercial refrigeration products, continues to adapt its leadership team to meet evolving business needs.

Information Accessibility

Blue Star has assured stakeholders that this information will be available on the company's official website at www.bluestarindia.com for further reference.

As the market processes this news, stakeholders will be observing how this management change might influence Blue Star's operations, particularly in the areas of customer experience and ESG (Environmental, Social, and Governance) initiatives, which were under Mr. Ashok's purview in his previous role.

Blue Star Limited remains committed to transparent communication with its shareholders and the market, as evidenced by its prompt disclosure of this management change in accordance with SEBI regulations.

Blue Star , a leading air conditioning and commercial refrigeration company, has announced a revision in its growth forecast for the upcoming period. The company, known for its wide range of cooling solutions, has adjusted its expectations in light of current market conditions.

Revised Growth Outlook

Blue Star has modified its growth projections, shifting from an earlier ambitious target to a more conservative range. The company previously anticipated a robust growth of 20% but has now revised its forecast to a range of 10-15%.

Factors Influencing the Adjustment

While specific reasons for the forecast adjustment were not provided, such revisions often reflect a company's response to various factors, which may include:

• Changes in market dynamics
• Economic conditions
• Competitive landscape
• Supply chain considerations
• Consumer spending patterns

Implications for Stakeholders

This revised forecast provides important insights for investors, analysts, and industry observers:

• Realistic Expectations: The new projection range of 10-15% growth still indicates a positive outlook, albeit more tempered than the initial forecast.
• Prudent Management: The revision demonstrates Blue Star's commitment to providing transparent and realistic guidance to its stakeholders.
• Market Adaptation: It suggests the company is responsive to changing market conditions and is adjusting its strategies accordingly.

Looking Ahead

Despite the downward revision, Blue Star's projected growth range of 10-15% still represents a significant expansion target. The company's ability to adapt its forecasts in response to market realities may be seen as a sign of prudent management and realistic planning.

As the cooling solutions market continues to evolve, Blue Star's performance will be closely watched by industry analysts and investors alike. The company's ability to navigate challenges and capitalize on opportunities within this revised growth framework will be crucial in the coming periods.