Jewellery retailer BlueStone has rolled out fresh employee stock options (ESOPs) worth nearly ₹11 crore, covering 2.09 lakh equity shares under its ESOP 2014 scheme, according to stock exchange filings.
The company’s Nomination and Remuneration Committee has approved the grant of 2,09,319 stock options under the ESOP 2014 scheme. Each option can be converted into one equity share with a face value of ₹1.
Based on the company’s previous closing share price of ₹522 per share, the newly granted ESOPs are valued at around ₹11 crore.
The vesting will take place over four years. Around 25% of the options will vest after the first year, while the remaining options will vest monthly over the next three years.
Once vested, employees will get a long exercise window of up to 10 years.
Last June, ahead of its public listing, BlueStone had expanded its ESOP pool by ₹245 crore ($29 million). Around $11 million worth of ESOPs were reportedly granted to COO Sudeep Nagar.
In Q3 FY26, the company reported profitability with a ₹69 crore profit, while revenue rose 28% year-on-year to ₹749 crore. It is yet to announce its Q4 FY26 results.
BlueStone shares were trading near ₹520.45 on the National Stock Exchange of India, giving the company a market capitalization of ₹7,953 crore (around $857 million).
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