BlueStone Jewellery Approves Grant of 2,09,319 Employee Stock Options
BlueStone Jewellery and Lifestyle Ltd announced on April 16, 2026, that its Nomination and Remuneration Committee (NRC) approved the grant of 2,09,319 Employee Stock Option Plan (ESOP) options to the company's employees. The grant falls under the existing Bluestone Jewellery and Lifestyle Limited - Employee Stock Option Plan 2014.The total number of options granted under the plan is 2,09,319. These options cover 2,09,319 Equity Shares, each having a face value of Rs. 1/- and being fully paid up. The exercise price for these ESOPs has been set at Rs. 1/- per option.
Plan Details and Vesting Schedule
The Employee Stock Option Plan 2014 dictates that stock options granted to an employee will vest over a total period of four (4) years from the date of grant. The vesting schedule stipulates that 25% of the granted options will vest upon the completion of one year from the grant date. The remaining unvested options will then vest proportionately on a monthly basis until the completion of the four-year vesting period.Regarding the timeline for exercising the options, the granted options must vest not less than one year and not more than seven years from the date of grant. The options remain capable of being exercised within a period of ten years from the respective date of vesting, subject to specific scenarios.
Conditions for Option Exercise
The specific terms and conditions governing the option grant, including vesting percentage and schedule, are detailed in the Letter of Grant provided to the Option Grantee.The company has outlined the rights and obligations concerning the options in various employment scenarios:
| Scenario | Vested Options Exercisability | Unvested Options Status |
|---|---|---|
| Resignation (due to misconduct/policy breach) | Vested options are exercisable by the employee within 60 days of the last working day. | Unvested options stand cancelled immediately. |
| Termination (misconduct/policy breach) | Vested options must be exercised by the employee before the date of termination. | Unvested options stand cancelled immediately. |
| Retirement | Vested options can be exercised by the employee within 60 days of the last working day. | Unvested options continue to vest according to the respective vesting schedules. |
| Death | Vested options may be exercised by the nominee or legal heirs immediately after, but no later than six months from the date of death. | Unvested options may be exercised by the nominee or legal heirs immediately after, but no later than six months from the date of death. |
| Permanent Incapacity | Vested options may be exercised by the employee or nominee within six months from the date of incapacity. | Unvested options may be exercised by the employee or nominee within six months from the date of incapacity. |
| Abandonment of Employment | Vested but unexercised options stand cancelled. | Unvested options stand cancelled. |
| Long Leave | Vested options can be exercised as per the Exercise Period mentioned in the Letter of Grant. | Unvested options freeze vesting and continue to vest only after the employee rejoins the company. |
The Committee reserves the right to make decisions on options under "Other Reasons Apart from those mentioned above" regarding both vested and unvested options, and such decision shall be final.
BLUESTONE Stock Price Movement
Today, BlueStone Jewellery and Lifestyle Limited shares edged higher, closing at ₹520.7, representing a 2.07% gain. The stock closed on robust buying interest, supported by a total traded volume of 395,218 shares.Source:
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