Outcome of Board Meeting

October 22, 2026 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. (Scrip Code: Equity - 544484), (Symbol: BLUESTONE, Series EQ) Dear Sirs/ Madam, Sub: Outcome of the Board Meeting held on October 22, 2026 under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, This has reference to the intimation of meeting of Board of Directors (“Board”) of BlueStone Jewellery and Lifestyle Limited (the “Company”) dated October 14, 2026. In compliance with Regulation 30 of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the “Listing Regulations”), we would hereby like to inform that the Board of Directors at its meeting held today, i.e. Thursday, October 22, 2026 has, inter alia, approved the following: 1. Approval of Unaudited Financial Results (Standalone and Consolidated) for the quarter ended September 30, 2026. A copy of Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter ended September 30, 2026 along with the Limited Review Report issued by the Statutory Auditors is enclosed herewith. The aforesaid financial results have been duly reviewed by the Audit Committee and subsequently approved by the Board at their respective meetings held today i.e. Thursday, October 22, 2026. We would like to further inform you that the Statutory Auditors of the Company have conducted a Limited Review of the aforesaid financial results. 2. Approved raising of funds by way of issuance of non-convertible debentures on a private placement basis, for an amount not exceeding ₹300 crore in one or more series/ tranches. The Board has accorded its approval for raising funds of up to ₹300 crore (Indian Rupees Three Hundred Crore only) through the issuance of non-convertible debentures (“Debentures” / “NCDs”) on a private placement basis, in one or more series / tranches. The proceeds of subscription of the Debentures are proposed to be utilized inter alia for refinancing a portion of BlueStone Jewellery and Lifestyle Limited [Formerly Known as BlueStone Jewellery and Lifestyle Private Limited] Reg. off : Site No. 89/2 Lava Kusha Arcade, Munnekolal Village, Outer Ring Road, Marathahalli, Bangalore - 560037 statutorycompliance@bluestone.com www.bluestone.com CIN: L72900KA2011PLC059678 Corporate off: 302, Dhantak Plaza, Makwana Road, Marol, Andheri East, Mumbai - 400 059, Maharashtra. Contact No: 080 4514 6904 its existing debt and business growth requirements (capital expenditure, working capital and general corporate requirements). The Board has authorized the Operations Committee to determine and finalize the terms and conditions of the allotment of NCDs. The disclosure as required under the Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated July 13, 2023, would be made at the time of issuance and/or allotment of NCDs. 3. Allotment of equity shares pursuant to exercise of stock options. The Board approved allotment of 77,079 equity shares of the Company having a face value of ₹1/- (Rupee One only) each, as fully paid up, to eligible employees, upon exercise of vested options under BlueStone Jewellery and Lifestyle limited – Employee Stock Option Plan 2014. Consequent to the aforesaid allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased from ₹ 15,27,96,524 (consisting of 15,27,96,524 equity shares of face value of ₹ 1/- each) to ₹ 15,28,73,603 (consisting of 15,28,73,603 equity shares of face value of ₹ 1/- each). The Board Meeting commenced at 2 P.M. (IST) and concluded at 4:45 P.M. (IST). Please note that in terms of the Company’s Code of Conduct for Prohibition of Insider Trading and pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 as amended, the trading window for trading in securities of the Company will open on October 24, 2026. The aforesaid results and announcements are also available on the website of the Company at www.bluestone.com. The same may please be taken on record and suitably disseminated to all concerned. Thanking You. For BlueStone Jewellery and Lifestyle Limited (Formerly known as BlueStone Jewellery and Lifestyle Private Limited) Mandar Godbole Company Secretary and Compliance Officer ACS: 30240 Encl: as above BlueStone Jewellery and Lifestyle Limited [Formerly Known as BlueStone Jewellery and Lifestyle Private Limited] Reg. off : Site No. 89/2 Lava Kusha Arcade, Munnekolal Village, Outer Ring Road, Marathahalli, Bangalore - 560037 statutorycompliance@bluestone.com www.bluestone.com CIN: L72900KA2011PLC059678 Corporate off: 302, Dhantak Plaza, Makwana Road, Marol, Andheri East, Mumbai - 400 059, Maharashtra. Contact No: 080 4514 6904 BlueStone’s Q2FY27 EBITDA of INR 97.1 crores; profitable for the fourth consecutive quarter Crosses 1 million customers | Q2FY27 revenue up 43.9% YoY, category leading | Q2FY27 EBITDA up 12 7% YoY to INR 97 crores ● EBITDA more than doubles: Q2FY27 EBITDA of INR 97. 1 crores, up 127% YoY ● Fourth consecutive quarter of profit, following FY26, BlueStone’s first full year of profit ● 1 million customers: 10,24,220 customers at September -end, up 19.3% YoY; repeat customers contributed 56.3% of Q2FY27 revenue, up from 51.4% YoY ● Category leading growth: Q2FY27 revenue up 43.9% YoY; 1HFY27 revenue up 46.3% to INR 1,471 crores, with SSSG of 32.9% ● 379 stores across 146 cities, up 68 stores and 19 cities YoY; all seven cities entered in Q2FY27 are Tier 2 and Tier 3 markets October 22, 2026, Bengaluru : BlueStone Jewellery and Lifestyle Limited, a leading digital -first, direct -to-consumer jewellery brand, today announced its results for the quarter and half year ended September 30, 2026. EBITDA for Q2FY27 surged to INR 97.1 crores, up 127% YoY, and BlueStone reported a profit for the fourth consecutive quarter. Revenue grew 46.3% YoY to INR 1,471 crores in 1HFY27, led by same -store sales growth (SSSG) of 32.9%. In Q2FY27, revenue grew 43.9% YoY to INR 738 crores, outpacing the category even as gold prices stayed volatile and the festive calendar moved into Q3. D uring the quarter, BlueStone crossed one million customers, a milestone in a category where customers decide whom to trust before they decide what to buy. Profitable for the fourth consecutive quarter BlueStone has now reported a profit in each of the last four quarters, building on FY26, its first full year of profit. EBITDA more than doubled to INR 207. 3 crores in 1HFY27, and the EBITDA margin expanded by 422 bps YoY to 14.1%. In Q2FY27, EBITDA rose 12 7% YoY to INR 97. 1 crores, with the margin up 48 3 bps to 13.2% . Growing faster than the category BlueStone’s revenue grew 43.9% YoY in Q2FY27, well ahead of the category. Two choices set it apart. The first is omnichannel: more than 80% of its sales originate online, so its stores convert intent that customers have already built. The second is everyda y wear: almost all of its business is in non -wedding jewellery, the faster -growing part of the market, as consumers move from heavy pieces kept in lockers to lighter jewellery worn every day. Its reach is widening too, with 379 stores across 146 cities, 68 more than a year ago, and a new flagship on Park Street, Kolkata. One million customers, in a category built on trust Fine jewellery is bought on trust, and trust has traditionally taken generations to build. BlueStone has built it in 15 years. Its customer base crossed one million during the quarter and stood at 10,24,220 at the end of September, up 19.3% YoY. BlueStone counts a customer only once they have bought, and kept, a piece of its jewellery. Q2FY27 | Press Release Comm [Showing first 8,000 characters — download PDF for full document]