BlueStone has rolled out fresh employee stock options (ESOPs) worth nearly ₹11 crore, covering 2.09 lakh equity shares under its ESOP 2014 scheme on April 16, according to regulatory filings with stock exchanges. Through this move, the company continues to strengthen its employee incentive framework while aligning workforce interests with long-term growth.
The company’s Nomination and Remuneration Committee has approved the grant of 2,09,319 stock options under the ESOP 2014 scheme. Each option allows conversion into one equity share with a face value of ₹1, thereby offering employees an opportunity to participate in the company’s equity upside.
Based on the previous day’s closing share price of ₹522 per share, the total valuation of the newly granted ESOPs stands at approximately ₹11 crore. This valuation reflects the company’s current market positioning and investor confidence.
Furthermore, the company has structured the vesting schedule over a four-year period. It will vest 25% of the options after the completion of the first year, while it will vest the remaining options on a monthly basis over the subsequent three years. Once vested, employees can exercise these options within a long window of up to 10 years, thereby providing flexibility and long-term value realization.
Earlier, in June last year, ahead of its public listing, BlueStone expanded its ESOP pool by ₹245 crore (approximately $29 million). Notably, the company granted ESOPs worth around $11 million to COO Sudeep Nagar, as reported. This earlier expansion underlined the company’s focus on attracting and retaining senior leadership talent.
Meanwhile, the company has demonstrated strong financial performance. In Q3 FY26, BlueStone achieved profitability with a reported profit of ₹69 crore. At the same time, the company recorded a 28% year-on-year increase in revenue, reaching ₹749 crore during the quarter. However, the company is yet to release its Q4 FY26 financial results.
BlueStone’s stock is trading at ₹520.45 on the NSE, giving the company a total market capitalization of ₹7,953 crore (approximately $857 million). This market performance further reinforces investor confidence in the company’s growth trajectory.
BlueStone’s latest ESOP grant highlights its continued focus on employee wealth creation, retention, and performance alignment. Coupled with strong revenue growth and profitability, the company remains well-positioned to strengthen its market presence and drive long-term value in India’s competitive jewellery and retail sector.
