Outcome of Board Meeting

July 20, 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 Board Meeting in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"). With reference to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at their Meeting held today i.e. Monday, July 20, 2026 has inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026 (“Unaudited Financial Results”). 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 July 22, 2026. Kindly note that the meeting of the Board of Directors commenced at 05:30 P.M. (IST) and concluded at 06:50 P.M. (IST). You are requested to take the above information on record. Thanking you, Yours Faithfully, For BlueStone Jewellery and Lifestyle Limited (Formerly known as Bluestone Jewellery and Lifestyle Private Limited) Gaurav Singh Kushwaha Managing Director DIN: 01674879 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 reports robust 49% YoY revenue growth in Q1FY27 with SSSG of 39% ● Q1FY27 Standalone Revenue at INR 733 crores, up 48.8% YoY ● Strong Same Stores Sales Growth (SSSG) of 39% YoY for the quarter ● Q1FY27 Standalone Pre IndAS EBITDA at INR 55 crores, up 134.6% YoY ● Added 12 stores in Q1FY27 taking store count to 352 across 139 cities July 2 0, 2026, Bengaluru : BlueStone Jewellery and Lifestyle Limited (‘BlueStone’), a leading digital first, direct -to-consumer jewellery brand, announced its Q1FY27 financial results today. The company delivered 49% revenue growth for the quarter driven by strong SSSG momentum of 3 9% YoY amid continued gold price volatility - underscoring the resilience of consumer demand and the relevance of the portfolio across price points. The operating leverage in the business continued, with EBITDA margin improvement over last year by 273bps. Having delivered its first full year of positive reported PAT in FY26, the company extended its profitability trajectory into FY27. Particulars (INR crores) Q1 FY27 Q1 FY26 YoY (Standalone) Revenue from Operations 733 493 48.8% Pre IndAS EBITDA 55 23 134.6% Pre IndAS EBITDA Margin 7.5% 4.7% 273bps Adjusted PAT 14 (21) NM Revenue (INR Cr) +48.8% YoY Pre IndAS EBITDA & Margins +134.6% YoY 2,441 +6.6% QoQ +7.5% QoQ INR Cr % of revenue from operations 181 7.4% 7.5% 200.0 9.0% 1,770 180.0 4.7% 7.0% 160.0 7.4% 140.0 5.0% 120.0 1.0% 3.0% 100.0 80.0 51 55 1.0% 688 733 60.0 -1.0% 40.0 17 23 -3.0% 20.0 0.0 -5.0% FY25 FY26 Q1 FY26 Q4 FY26 Q1 FY27 FY25 FY26 Q1FY26 Q4 FY26 Q1FY27 Adjusted Profit After Tax & Margins Number of stores +12 stores YTD +12 stores QoQ INR Cr % of revenue from operations NM YoY 15.1% QoQ Number of stores Number of cities 10 12 14 139 20 0.4% 1.7% 1.9% 134 134 0 -4.3% 117 122 (20) (21) (40) (60) 340 340 352 (80) -7.2% 275 292 (100) (120) (140) (128) FY25 FY26 Q1 FY26 Q4 FY26 Q1 FY27 FY25 FY26 Q1FY26 Q4 FY26 Q1 FY27 Q1FY27 | Press Release Commenting on the results, BlueStone’s CEO Gaurav Singh Kushwaha said, “We have opened FY27 on a strong footing, with 49% YoY revenue growth and SSSG of 39% for the quarter, with older cohorts demonstrating similar to better SSSG trends. This performance is particularly satisfying as it came despite the rise in custom duty on gold from 6% to 15%, reflecting the structural drivers we have consistently spoken about – a portfolio that stays relevant across price points th rough design and technique innovation. The quarter’s operating performance continues to reflect the embedded leverage in the business . Pre-IndAS EBITDA of INR 55 crores grew at close to three times the rate of revenue, taking our margin up 273bps year -on-year. Our cash flow generation remains strong – we delivered a standalone cash profit of INR 57 crores for the quarter, reinforcing the self -funding nature of our growth. We scaled our distribution to 352 stores across 139 cities – with all 5 new cities entered being Tier 2 and Tier 3 regions, consistent with our conviction in these markets. We remain deeply focused on execution to expand consumer wallet share and bring new consumers into our fold.” About BlueStone Jewellery and Lifestyle Limited : BlueStone is a contemporary lifestyle jewellery brand offering diamond, gold, platinum and studded jewellery with a strong design -led approach. Launched in 2011 as a digital -first, direct -to- consumer brand, BlueStone has evolved into one of India’s leading omnichannel jewellery retailers with a wide presence across the country. The brand retails through its website, mobile app and a growing network of stores, providing customers with a seamless online -to-offline experience. With a diverse portfolio spanning rings, earrings, necklaces, bangles, solitaires and more, BlueStone caters to modern consumers who value unique designs, craftsmanship and innovation across occasions. The Company also operates advanced manufacturing facilities to support its expanding sc ale and product range. Website App Store Play Store For further information please contact: BlueStone Jewellery & Lifestyle Limited EY LLP Investor Relations investor.relations@bluestone.com Diwakar Pingle: diwakar.pingle@in.ey.com Rhea Dharia: Rhea.Dharia@in.ey.com Avantika Mishra: Avantika.Mishra@in.ey.com Note: Certain statements in this document may be forward -looking statements. Such forward - looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward -looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers a re cautioned not to place undue reliance on these forward -looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward -looking statements to reflect subsequent events or circumstances. BlueStone – Q1 FY27 Management Commentary Key Financial Highlights Q1 FY27 Revenue Pre-IndAS EBITDA Pre-IndAS EBITDA Margin ₹7,332 Mn ₹548 Mn 7.5% ▲ 48.8% YoY ▲ 134.6% YoY ▲ 273 bps YoY Q: How has the business performed this quarter? A: Q1FY27 marks a strong start to the year, with 49% YoY (retail sales) growth and revenue of INR 7,332mn, supported by our expanding portfolio with deepening consumer relevance. The growth was driven by strong SSSGs across cohorts. We continued to expand our consumer base by 21% YoY and our repeat consumers continued to support AOV expansion. The Indian consumer's evolving preferences — spanning design sensibility, brand consciousness, and seamless omni -channel access — are reshaping the jewellery market. Our performance reflects the strength of our positioning: a differentiated proposition bui lt around lifestyle and occasion -driven jewellery, deliver [Showing first 8,000 characters — download PDF for full document]