Outcome of Board Meeting

Blue Star Limited Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 E : secretarialdesk@bluestarindia.com www.bluestarindia.com P October 29, 2026 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO Dear Sir/Madam, Sub.: Outcome of the Board Meeting under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Listing Regulations’) With reference to our letter dated September 28, 2026, and in accordance with Regulation 30 and 33 of the Listing Regulations, we hereby inform you that the Board of Directors at its Meeting held today, i.e., Thursday, October 29, 2026, have, inter alia, approved and taken on record the Un-audited Standalone and Consolidated Financial Results of the Company for the Second Quarter and Half Year ended on September 30, 2026, along with the Limited Review Reports. The copies of aforesaid Financial Results along with the Limited Review Reports are enclosed herewith. The meeting commenced at 10:00 a.m. and concluded at 3:40 p.m. Kindly take the same on record. The above information is also being made available on the website of the Company at www.bluestarindia.com Thanking you, Yours faithfully, For Blue Star Limited Rajesh Parte Company Secretary & Compliance Officer Membership No.: A10700 Encl.: a/a Z:\(01) Blue Star Limited\2026-27\Stock Exchange Compliances\Reg 30 - Information & Updates\2. Outcome of BM\3. October 29, 2026 Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, India. T: +91 22 6665 4000 CIN: L 28920MH1949PLC 006870 Deloitte Chartered Accountants One International Center, Tower 3, 31st Floor. Haskins & Sells LLP Senapati Bapat Marg Elphinstone Road (West) Mumbai -400 013 Maharashtra, India Tel: +91 22 6185 6000 Fax: +91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF BLUE STAR LIMITED 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of Blue Star Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit a~er tax and total comprehensive income of its joint ventures for the quarter and half year ended September 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "LODR Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the LODR Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (!CAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations, to the extent applicable. 4. The Statement includes the results of the following entities: Parent: Blue star Limited Subsidiaries: a. Blue Star Engineering & Electronics Limited b. Blue Star Climatech Limited c. Blue Star Qatar W.L.L. d. Blue Star International FZCO e. Blue Star MEA Airconditioning LLC f. BSL AC&R (Singapore) Pte. Ltd. g. Blue Star North America Inc. h. Blue Star Europe B.V. i. Blue Star Innovation Japan LLC j. Blue Star Air Conditioning & Refrigeration (U) Limited Joint Ventures: a. Blue Star M & E Engineering Sdn Bhd b. Blue Star Oman Electro-Mechanical Company LLC Regd. Office: One International Center, Tower 3. 31st floor. Senapati Ba pat Marg. Elphinstone Road (West}, Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 Deloitte Haskins & Sells LLP 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the LODR Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 6. We did not review the interim financial information I financial results of five subsidiaries included in the unaudited consolidated financial results, whose interim financial information I financial results reflect total assets of~ 437.47 crore as at September 30, 2026, total revenues of~ 329. 92 crore and ~ 565.09 crore for the quarter and half year ended September 30, 2026 respectively, total net profit after tax of~ 23.96 crore and ~ 34.04 crore for the quarter and half year ended September 30, 2026 respectively, total comprehensive income of~ 23.96 crore and ~ 34.04 crore for the quarter and half year ended September 30, 2026 respectively, and net cash inflows of~ 19.28 crore as considered in the Statement. These interim financial information I financial results have been reviewed by other auditors whose reports have been furnished to us by such other auditor and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of such other auditors and the procedures performed by us as stated in paragraph 3 above. These subsidiaries are located outside India whose financial information I financial results have been prepared in accordance with accounting principles generally accepted in their respective countries and have been reviewed by their respective auditors under generally accepted auditing standards on review engagements applicable in their respective countries. The Company's management has converted the interim financial information I financial results of these subsidiaries from accounting principles generally accepted in respective countries to accounting principles generally accepted in India. We have reviewed, as applicable, these conversion adjustments made by the Company's management. Our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the reports of the other auditors, the conversion adjustments pre [Showing first 8,000 characters — download PDF for full document]