Milestone · Commerce & Consumer Brands

BlueStone grants ESOPs worth ₹11 crore

By Startup Enthusiast · 17 April 2026

What they do

BlueStone sells jewellery online through its website and app

Its NRC approved 2.09 lakh employee stock options worth about ₹11 crore

The options vest over four years and can be exercised within 10 years

BlueStone's Nomination and Remuneration Committee approved 2,09,319 employee stock options on 16 April 2026.
The options are worth approximately ₹11 crore based on the closing stock price of ₹522.
Each share has a face value of Re 1.
The options vest over 4 years: 25% after the first year, then monthly over the next three years.
Employees can exercise the options within 10 years of vesting, with shorter windows for resignation or termination.
The grant is under the Employee Stock Option Plan 2014, compliant with SEBI regulations.
In June 2025, BlueStone had expanded its ESOP pool by ₹245 crore ($29 million) ahead of its public listing.

The ESOP grant aligns employee incentives with company performance.
BlueStone reported a Q3 FY26 standalone PAT of ₹71.5 crore and revenue of ₹747.9 crore, up 27.4% year-on-year.
The company's market capitalisation is ₹7,953 crore (~$857 million).
Q4 FY26 results are due to be considered by the board on 23 April 2026.