Interim report
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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 Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, India. T: +91 22 6665 4000 CIN: L 28920MH1949PLC 006870 P October 29, 2026 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, 202 6, along with the Limited Review Reports. The copies of aforesaid Financial Results along with the Limited Review Report s 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 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 BSE Scrip Code: 500067 NSE Symbol: BLUESTARCO
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Deloitte Haskins & Sells LLP Chartered Accountants One International Center, Tower 3, 31st Floor. Senapati Bapat Marg Elphinstone Road (West) Mumbai - 400 013 Mahara shtra , 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 Stateme nt of Consolidated Unaudited Financial Results of Blue Star Limited ("t he Parent") and its subsid iaries (the Parent and its subsidiaries together referred to as "the Group "), and its share of the net profit a~er tax and total comprehen sive 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 Obligation s and Disclosure Requirement s) Regulations, 2015, as amended (the "LODR Regulations "). 2. This Statement, which is the respo nsibility of the Parent's Management and approved by th e Parent's Board of Dire ctors, has been prepared in accordance wit h t he recog nition and measurement prin ciples laid down in the Indian Accounting Standard 34 "Interim Financial Reporting " ("Ind AS 34"), prescri bed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting princip les generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the LODR Regulations . Our respon sibility is to express a conclusion on the Statement based on our review . 3. We conducted our review of the Statement in accordan ce with t he Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Perfo rmed by the Ind epende nt Auditor of the Entity" , issued by the I nstitu te of Chartered Accountants of India (!CAI) . A revi ew of interim financial informat ion consist s of making inquiries, primaril y of Parent 's personnel responsible for fina ncial and accounting matters, and applying analytical and other review procedures. A review is substanti ally less in scope than an audit conducte d in accordance with Standards on Auditing specifie d und er Section 143 (10) of the Compa nies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all signifi cant matters that might be ident ified in an audit. Accord ingly, we do not exp ress an audit opinion . We also performed procedures in accordance wit h the circular issued by the SEBI under Regulation 33(8) of the LODR Regulations, to the extent applicable. 4. The Statement include s the results of the following entitie s: Parent: Blue star Limited Subsidiaries: a. Blue Star Engineering & Electron ics Limi ted b. Blue Star Climatech Limit ed c. Blue Star Qatar W.L.L. d. Blue Star Internationa l FZCO e. Blue Star MEA Aircond itionin g LLC f. BSL AC&R (Singapor e) Pte. Ltd . g. Blue Star North America Inc. h. Blue Star Europe B.V. i. Blue Star Innovat ion Japan LLC j . Blue Star Air Conditi oning & Refrigeration (U) Limited Joint Ventures : a. Blue Star M & E Engineering Sdn Bhd b. Blue Star Oman Electro-Mechanical Company LLC Regd. Office : One Internationa l Center, Tower 3. 31st floor. Senapati Ba pat Marg . Elphi nstone Road (West}, Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registere d with Limited Liability having LLP identification No: AAB-8737
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Deloitte Haskins & Sells LLP 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the considerat ion 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 requ ired 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 prepared by the Management of the Company and reviewed by us, and the procedures performed by us as stated in paragraph 3 above . Our conclusion on the Statement is not modified in respect of these matters . 7. The consolid ated unaudited financial results includes the unaudited financial information I financial result of one subsidiary which have not been reviewed by its auditor, whose financial information I financial results reflects total assets of ~ 0.03 crore as at September 30, 2026, total revenue of~ Nil and ~ Nil for the quarter and half year ended September 30, 2026 respectively, total net profit I loss after tax of ~ Nil and ~ Nil for the quarter and half year ended September 30, 2026 respectively, total comprehe nsive income I loss of~ Nil and ~ Nil for the quarter and half year ended September 30, 2026 respectively and net cash inflows I outflows of~ Nil for the half year ended September30, 2026, as considered in the Statement. The consolidated unaudited financial results also include s (i) the Group's share of net profit after tax of~ 0.67 crore and ~ 0.47 crore for the quarter and half year ended September 30, 2026 and total comprehensive income of ~ 0 .67 crore and ~ 0.47 crore for the quarter and half year ended September 30, 2026, as considered in the Statement, in respect of a joint venture based on its interim financial information I financial results, and (ii) the Group's share of profit I loss after tax of~ Nil and ~ Nil for the quarter and half year ended September 30, 2026 and total comprehensive income of ~ Nil and ~ Nil for the quarter and half year ended September 30, 2026, as considered in the Statement, in respect of a joint venture whose carrying amount of investment is fully provided for by the Group . The financia l information I financial results of this subsidiary and joint ventures have not been reviewed by their auditors, as informed to us by the Management. According to the information and explanations given to us by the Management, these interim financial information I financial results are not mater ial to the Group.
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Deloitte Haskins & Sells LLP Our Conclusion on the Statement is not modified in respect of our reliance on the inte rim financial information I financial results certified by the Management. Place: Mumbai Date: October 29, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm 's Registrat ion No. 117366W / W-100018 ) ~ Ketan Vora ~ Partner (Membership No. 100459 ) uorN: ~6 \oo45l1 WPOIT }35<g+-
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Sr. No. 1 2 BLUE STAR BLUE STAR LIMITED Registered Office : Kastur i Build ings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870 , Telephone No +91226665 4000, Fax No. +91226665 4152 www.bluestarindia .com UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 QUARTER QUARTER QUARTER HALF YEAR HALF YEAR PARTICULARS ENDED ENDED ENDED ENDED ENDED (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 Income (a) Revenue from operations 2.930.95 3.377.92 2.422.37 6.308.87 5.404.62 (b) Olher income 15.79 20.76 10.01 36.55 26.08 Total income 2,946.74 3,398.68 2,432.38 6,345.42 5,430.70 Expenses (a) Cost of materials consumed (including direct project and 2,068.05 2,141.33 1,735.23 4,209.38 3.812.99 service cosl) (b) Purchase of stock-in-trade 126.50 492.96 163.51 619.46 515.89 (c) Changes in inventor ies of finished goods, stock-in-trade and 21.84 11.88 (95.72) 33.72 (241.68) work-in-prog ress • (d) Employee benefits expenses 251.73 249.41 227.21 501.14 459.57 (el Finance cost 16.85 13.47 16.92 30.32 26.99 fl Deoreciatlon and amortisation exoenses 67.90 56.62 43.35 124.52 84.70 (g) Other expenses 260.26 307.39 208.72 567.65 474.44 Total expenses 2,813.13 3,273.06 2,299.22 6,086.19 5,132.90 3 Profit before share of profit of joint ventures , exceptional Item s and tax 133.61 125.62 133.16 259.23 297.80 (1·2) 4 Share of profit I (loss) of joint ventures 0.67 (0.20) (0.99) 0.47 (2.40) 5 Profit before exceptional items and tax (3+4) 134.28 125.42 132.17 259.70 295.40 6 Exceptional items (Refer Note 2) 23.02 9.17 32.19 . 7 Profit before tax (5+6) 157.30 134.59 132.17 291.89 295.40 8 Tax expe nse (a) Current tax 32.80 29.03 33.40 61.83 78.61 (b) Deferred tax charged I (credit) 0.59 3.05 (0.01) 3.64 (2.81) Total tax expense 33.39 32.08 33.39 65.47 75.80 9 Profit for the period I year, (7..Sl 123.91 102.51 98.78 226.42 219.60 Other comoreh enslve Income/ (tos s! (a) Items that will not be reclassified to profit I (loss) (2.23) (1 .04) 0.39 (3.27) (0.17) Income tax relating to items that will not be reclassified to 0.57 0.26 (0.07) 0.82 0.06 profit I (loss) (b) Items that will be reclassified to profit I (loss) 3.11 (0.95) 6.24 2.17 8.44 Income tax relating to items that will be reclassified to . . profit I (loss) 10 Other comp rehensive in come I (loss) 1.45 (1.73) 6.56 (0.28) 8.33 11 Tota l comprehens ive Income for the period I year (9+10) 125.36 100.78 105.34 226.14 227.93 12 Profits fo r the period attributabl e to : • Owners of the Company 123.92 102.50 99.01 226.42 219.97 • Non-<:<>ntrolling interest (0.01) 0.01 (0.23) (0.00) (0.37) 13 Other comprehensive inco me I (loss ) for the period I year attributable to : ·Owners of the Company 1.48 (1.73) 6.48 (0.25) 8.24 • Non-<:ontrolling interest (0.03) 0.08 (0.03) 0.09 14 Total comp rehensive income for the period I yea r attributable to : • Owners of the Company 125.40 100.77 105.49 226.17 228.21 • Non-<:ontrolling interest (0.04) 0.01 (0.15) (0.03) (0.28) 15 Paid up equity share capital (face value of the share • ' 21· each) 41.12 41.12 41.12 41.12 41.12 16 Earnings per share (EPS) (in 'l (not annualised for quarters and haff years) (a) Basic 6.03 4.99 4.80 11.01 10.68 (b) Diluted 6.03 4.99 4.80 11.01 10.68 17 Reserve excluding revaluation reserves as per balance sheet of previous accounting year 'in Crores YEAR ENDED (AUD ITED) 31.03.2026 12.401.99 61.91 12,463.90 8.410.89 1,235.35 (104.15) 918.13 72.14 178.79 1,011.37 11,722.52 741.38 0.56 741.94 (38.83) 703.11 157.82 17.96 175.78 527.33 (2.13) 0.60 17.77 . 16.24 543.57 527.68 (0.35) 15.98 0.26 543.66 (0.09) 4 1.12 25.65 25.65 3,390.29
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BLUE STAR BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 www.bluestarindia.com Additiona l Information pursuant to Regulation 52(4) of Securit ies and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended as at and for the quarter and half year ended September 30, 2026. QUARTER QUARTER QUARTER HALF YEAR HALF YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED Sr. PARTICULARS (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNA UDITED) (UNAUDITED) (AUDITED) No. 30.09.2026 30.06 .2026 30.09.2025 30.09 .2026 30.09 .2025 31.03 .2026 1 Debt eaultv ratio 0.14 0.00 0.27 0.14 0.27 0.18 (Total debt loon-current borrowinas + current borrowings) I equity) 2 Debt service coverage ratio (DSCR) (not annualised for quarters and half 31 .40 29.23 15.63 30.31 27.28 19.09 years) (Earnings before interest and tax I [interes t expenses + principal repayments made during the period for long tenn loans)) 3 Interest service coverage ratio (ISCR) (not annualised for quarters and half 31 .40 29.23 15.63 30.31 27.28 19.09 years) (Earnings before interest and tax I interest expenses) 4 Capital redemption reserve " In Croresl 2.34 2.34 2.34 2.34 2.34 2.34 5 Net worth " In Croresl 3,486.70 3,533.72 3,110.96 3 ,486.70 3,110.96 3,430.81 (As per section 2(57) of the Comoanies Act, 2013) 6 Current ratio 1.32 1.36 1.28 1.32 1.28 1.31 (Current assets I current liabilities) 7 Bad debts to account receivable ratio - . - - 0.01 (Bad debts I average gross account receivable) 8 Current liability ratio 0.93 0.94 0.95 0.93 0.95 0.95 (Current liabilities I total liabilities) 9 Total debt to tota l assets 0.06 0.00 0.11 0.06 0.11 0.07 (Total debt {non-current borrowings +current borrowings) I total assets) 10 Debtors turnover (no. of days I 53.93 52.55 55.98 55.32 57.54 60.32 (Average debtors for the period I revenue from operations for the period X number of days in reporting period) 11 Inventory turnover (no. of days) 90.32 72.95 118.83 83.57 102.50 82.53 (Average inventoty for the period I cost of goods sold for the period X number of days in reporting period) 12 Operating margin C°l•l 6.91% 5.18% 7.57% 5.98% 7.09% 7.50% (Opera ting EBITDA (Profit before tax & exceptional ilems- other income + finance charges + depreciation & amortisation) I revenue from operations X 100) 13 Net profit margin (%) 4.20% 3 .02% 4.06% 3.57% 4.04% 4.23% (Profit I (loss) for the period I total income X 100)
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Sr. BL.LIE STAR BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 www.bluestarindia.com SEGMENT WISE REVENUE, RESULTS & ASSETS AND LIABILITIES FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 'in Crores Cons olidated QUARTER QUARTER QUARTER HALF YEAR HALF YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED No. PARTICULARS (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (AUDITED ) 30.09.2026 30.06.2026 30.09.2025 30.09 .2026 30.09.2025 31.03.2026 I SEGME NT REVENUE (a) Electro - mechanical projects and commercial air conditioning systems 1,935.99 1,625.05 1,664.21 3,561 .04 3,076.67 6,762.80 (b) Unitary products 897 .66 1,689.31 693.81 2,586 .97 2,193 .18 5,332.36 lie) Professional electronics and industrial svstems 97.30 63.56 64.35 160.86 134.77 306 .83 TOTAL SEGMENT REVENUE 2,930.9 5 3,377.92 2,422 .37 6,308.87 5,404 .62 12,401 .99 11 SEGMENT RESULT PROFIT BEFORE INTEREST & TAX (a) Electro - mechanical projects and commercial air conditioning syslems 133.15 110.22 147.14 243.37 258 .76 501 .91 (b) Unitary products 20.74 49.69 42.72 70.43 130.19 434 .82 (c) Professional electronics and industrial systems 23.10 9.57 6.17 32.67 13.79 34.89 TOTAL SEGMENT RESULT 176 .99 169.48 196.03 346 .47 402.74 971.62 Less: i) Interest and other financial charges 16.85 13.47 16.92 30.32 26.99 72.14 ii) Un-allocable expenditure 26.53 30.39 45.95 56.92 77.95 158 .10 TOTAL PROFIT BEFORE S HARE OF PROFIT I (LOSS) OF JOINT VENTURE , 133.61 125.62 133. 16 259.23 297.80 741 .38 TAXATIO N AND EXCEPT IONAL ITEM Share in profit I (loss) of joint ventures 0.67 (0.20) (0.99) 0 .47 (2.40) 0.56 Exceptional items 23.02 9.17 32.19 (38.83) PROFIT BEFORE TAX 157.30 134 .59 132.17 291.89 295.40 703 .11 111 SEGMENT ASSETS (a) Electro - mechanical projects and commercial air conditioning systems 4,184.52 3,859 .70 3,685 .91 4,184.52 3,685.91 3,690.38 (b) Unitary products 2,781.42 2,750.62 2,860.93 2,781.42 2,860.93 3,169.17 (c) Professional electronics and industrial systems 105.60 151.4 4 152.33 105.60 152.33 154.34 lid) Un-allocable corporate assets 1,414 .34 1,492.08 1,201.53 1,414.34 1,20 1.53 1,562 .09 TOTAL SEGMENT ASSETS 8,485.88 8,253 .84 7,900.70 8,485.88 7,900.70 8,575.98 IV SEGMENT LIAB ILITIES (a) Electro - mechanica l projects and commercial air conditioning systems 2,753.03 2,643.60 2,480.57 2,753.03 2,480.57 2,607 .56 (b) Unitary products 1,201.48 1,517 .86 1,022.57 1,201.48 1,022 .57 1,415.25 (c) Professional electronics and industrial systems 120.64 142.33 135.22 120.64 135.22 151.14 ltd) Un-allocable corporate liabilities 920.94 413.27 1, 148.52 920.94 1,148 .52 968.17 TOTAL SEGMENT LIABILITIES 4,996.09 4,717 .06 4,786 .88 4,996 .09 4,786 .88 5,142 .12 Note: a Based on the "management approach" as defined in Ind AS 108-0perati ng Segments, the Chief Operating Decision Maker evaluates the Company's performance and allocates resources based on an analysis of various performance indicators by business segments. According ly, information has been presented along these busines s segments . b Unitary product segment is seasonal in nature. c Previous periods' I year's figures have been regrouped I rearranged wherever necessary.
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SR. NO A B BLUE STAR BLUE STAR LIMITED Registered Office : Kasturi Buildings , Mohan T. Advanl Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870 , Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 www.bluestarindia .com CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 'in Crore s ASAT ASAT PARTICULAR S 30.09.2026 31.03.2026 (UNAUDITED) {AUDITED) ASSETS 1. Non-current assets (a) Property, plant and equipment 1,366.02 1,361.15 (b) Capital work in progress 72.64 65.47 (c) Investment property 6.62 (d) Right-of-use assets 286.35 173.63 (e) Intangible assets 147.69 155.56 (f) Intangible assets under deve lopment 84.25 71 .40 (g) Investments in joint venture 22.46 21 .94 (h) Contract assets 0.33 2.94 (i) Financial assets - Loans 15.99 23.31 - Other financial assets 59.03 98.70 (J) Income tax asset {net) 176.42 113.70 (k) Deferred tax assets 11.97 9.26 {I) Other non current assets 86.29 84.03 Total non.current assets 2,329.44 2,187.71 2. Current assets (a) Inventories 2,275.19 2,166.20 (b) Contract asset 807.41 723.56 (c) Financial assets - Investments 525.22 435.26 - Trade receivabl es 1,674.71 2, 139.70 - Cash and cash equivalents 181.20 366.99 - Other bank balances 71.16 35.08 - Loans 5.52 4.81 - Other financial assets 57.56 62.32 (d) Other current assets 551.56 454.35 (e) Non-current assets held for sale 6.91 - Total current assets 6,156.44 6,388.27 Total assets 8,485.88 8,575.98 EQUITY AND LIABILITIE S 1. Equity (a) Equity share capital 41.12 41.12 (b) Other equity 3,446.18 3,390.29 Equity attrib utable to equity hold ers of the company 3,487.30 3,431.41 2. Non con trolling Interest 2.49 2.45 To tal equity 3,489.79 3,433.86 3. Non cu rrent liab ilitie s {a) Contract liabill ies 10.14 8.01 {b) Financial liabilities - Lease liabilities 212 .67 123.75 (c) Provisions 30.29 52.77 (d) Grovernment grants 10.31 10.62 (e) Deferred tax liabilities 37.93 31.60 (f) Other non-current liabilities 44.17 49.11 Total non-current liabilitie s 345.51 275.86 4. Current liabilities {a) Contract liabilties 328.68 302.92 (b) Financial liabilities (1) Borrowings 483.63 626.80 (11) Lease liabilities 83.30 59.44 (111) Trade payables a. Total outstanding dues of micro and small enterprises 248.80 277.97 b. Total outstanding dues of credi tors other than micro and small 2,469.52 2,664.89 enterprises (iv)Other financial liabilities 31.54 58.66 (c) Government grants 1.16 1.33 (d) Other current liabilities 785.57 686.50 (e) Provisions 138.64 136.49 {f) Income tax liabilities 79.74 51.26 Total current liabilitie s 4,650.58 4,866.26 Total eaultles and liabilities 8,485 .88 8,575.98
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BLUE STAR BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk , Jamshedji Tata Road , Mumba i 400 020, CIN No.: L28920MH1949PLC006870 , Telep hone No +91 22 6665 4000, Fax No. +91 22 6665 4152 www.bluestarindia.com CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 fin Cro res HALF YEAR HALF YEAR ENDED ENDED PARTICULARS (UNAUDITED) (UNAUDITED) 30.09.2026 30.09.2025 CASH FLOW FROM OPERATING ACTIVITIES Profit before tax 291.89 295.40 Adjustments to reconcile profit before tax to net cash nows Depreciation and amortisation expenses 124.52 84.70 Finance cost 30.32 26.99 Rental income (0.29) (0.27) Interest income (8.02) (4.45) Equity settled share-based payment expenses 4.51 3.29 Gain on disposal of current investments measured at FVTPL (net) (19.58) (1 4.03) Unrealised exchange rate difference (net) 0.55 1.92 Loss I (Profit) on sale of property, plant and equipment 1.10 (0.37) Deferred income arising from government grant (0.47) (0.81) Share in (profit) / loss of joint venture (0.47) 2.40 Bad debts written off and provision for doubtful debts 7.84 (0.05) Provisions and liabilities written back (76.99) (18.48) Gain on termination I modification of lease (2.14) OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 352.77 376.24 Adjustments for moveme~t in working capital : (Increase) I decrease in trade receivables 460.11 528.73 (Increase) I decrease in inventories (108.97) (280.16) (Increase) I decrease in financial assets I other assets (57.79) (116.32) (Increase) I decrease in contract assets (81.25) (69.79) Increase I (decrease) in trade payables (153.62) (956.20) increase I (decrease) in financial liabilities I other liabilities 94.34 (139.66) Increase I (decrease) in contract liabilities 27.89 31.05 Increase I (decrease) in government grants (0.01) Increase I (decrease) in provisions (23.72) 10.87 Cash generated I (used in) from operations 509.75 (615.24) Income taxes paid (net of refunds) (95.31) (112.88) Net cash generated I (used in) from operating activities (A) 414.44 (728.12) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipments and other intangible assets (135.83) (1 30.46) [including capital work in progress, intangible assets under development , capital advances and capital creditors J Government grant towards purchase of equipments 0.05 Proceeds from disposal of property, plant and equipment 9.69 3.68 Proceeds from disposal of current investments measured at FVTPL 3,358.53 3,140.49 Purchase of current investments measured at FVTPL (3,428.91) (3,055.03) Investment in deposits (151.79) Maturity of deposits 117.09 Rent received 0.29 0.27 Interest received 6.35 3.69 Net cash used in investing activities (B) (224.58) (37.31) CASH FLOWS FROM FINANCING ACTIVITIES Commercial papers borrowed 400.00 1,100.00 Commercial papers repaid (400.00) (400.00) Repayment of current borrowings (net) (145.09) (50.48) Repayment of lease liabilities (45.50) (23.00) Finance cost paid (13.53) (15.08) Dividend paid to equityholders of the Company 1174.161 1184.67: Net cash (used in) I generated from finan cing activities (C) (378.28) 426.77 NET DECREASE IN CASH AND CASH EQUIVAL ENTS (A+ B + C) f188 .42l 1338.661 Cash and cash equivalents at the beginning of the year 357.29 420.13 Effect of exchange differences' on restatement of foreign currency cash & cash equivalents. 0.56 2.34 CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD 169.43 83.81 CASH AND CASH EQUIVALENTS COMPRISES OF : Balances with banks : - In current accounts 98.92 68.42 - In fixed deposits 81 .63 17.65 Cash on hand 0.65 0.58 Balance as per statement of cash nows 181.20 86.65 Bank overdraft (11.77) (2.84) Balance as per statement of cash nows 169.43 83.81
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BLUE STAR BLUE STAR LIMITED Registered Office: Kasturi Buildings , Mohan T. Advani Chowk, Jamshedji Tata Road , Mumbai 400 020, CIN No.: L28920MH1949PLC006870 , Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 Website : www .bluestarindia .com UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 NOTES: These consolidated financial results have been prepared in accordance with the recognition and measurement principles under Ind AS as prescribed under Section 133 of the Companies Act. 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 2 During the half year ended September 30, 2026, the Group recognized aggregate exceptional income of '32 .19 crores, comprising of (i) a gain of '23 .02 crores on the sale of the Medtech Business by Blue Star Engineering & Electronics Limited, a wholly owned subsidiary of Blue Star Limited, and (ii) a profit of ,9.17 crores recognized by Blue Star Limited on the sale of property. 3 In compliance with Regulation 33 and 52 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, a limited review of the above results has been carried out by the Statutory Auditors. 4 The Audit Committee has reviewed and the Board of Directors has approved the above results at their respective meetings held on October 28, 2026 and October 29, 2026. 5 Previous periods' I year's figures have been regrouped I rearranged wherever necessary. Date : October 29, 2026 Place : Mumbai For BLUE STAR LIMITED Vir S. Advani Chairman and Managing Director (DIN : 01571278)
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Deloitte Haskins & Sells LLP Chartered Accountants One International Center, Tower 3. 31st Floor, 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 STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF BLUE STAR LIMITED 1. We have reviewed the accompanying Stat ement of Standalone Unaudited Financial Results of Blue Star Limited ("the Company ") , for the quarter and half year ended September 30, 2026 ("the Statement "), being subm itted by the Compan y pursuant to the requirement of Regulation 33 and Regulat ion 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 Company's Management and approved by the Company 's Board of Directors , has been prepared in accordance with the recogn ition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Report ing" ("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 Inter im Financial I nformation Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of Ind ia (ICAI) . A review of interim financial information consists of making inquiries, primarily of the Company 's personnel responsible for financial and accounting matter s 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 Companie s Act, 201 3 and consequently does not enable us to obtain assurance that we would become aware of all significant matter s that might be ident ified in an audit . Accordingly, we do not express an audit opinion . 4 . Based on our review conducted as stated in paragraph 3 above , nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognit ion and measurement principle s laid down in the aforesaid Ind ian 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 conta ins any material misstatement. Place: Mumbai Date : October 29, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm 's Registration No. 117366W/W-100018 ) Ketan Vora Partner (Member ship No. 100459 ) uDIN: ~b\004~9 \j L~sx L \~S--<- Regd. Office: One International Center, Tower 3, 31st floor, Sena pa ti Ba pat Marg. Elphinstone Road (West), Mumbai-400 013, Maharashtra. India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identifica tion No: AAB-8737
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Sr. No. 1 2 3 4 5 6 7 8 9 10 11 12 BLUE STAR BLUE STAR LIMITED Regi s te red Offi c e : Ka sturl Buildin g s, Mohan T. Advanl Chowk , Jamshedjl Tata Ro ad, Mumba i 4 00 020, CIN No.: L28920MH1949PL C006 870 , Te le phone No +91 22 6665 40 00, Fax No. +91 22 6665 415 2 www.blu estarindla .com UNAUDITED STANDAL O NE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR E NDED SEPTEMBER 30, 2026 QUARTER ENDED QUARTER ENDED QUARTER ENDED HALF YEAR (UNAUDITED) (UNAUDITED) (UNAUDITED) ENDED PARTICULARS (UNAUDITED) 30.09.2026 30.06.2026 30.09.20 25 30.09. 2026 Income Ital Revenue from ooerations 2 750.11 3, 198.27 2,294.52 5 ,948.38 I (b) Other income 10.59 16.12 9.50 26.71 Toal income 2,760.70 32109 2 304.0 2 5 975.09 Expenses (a) Cost of materi11s consumed (Including direel project and 1.711.99 1,699.25 1,566.88 3,411.24 service cost) (b) Purchase of stock-in-trade 447.16 873.19 289.71 1,320.35 (c) Changes in inventories of finished goods, stock-in.trade and 22.54 (0.70) (87.77) 21.84 wor1<-in1)rogress d) Ern:>lovee benefits exoenses 211.78 210.07 195.13 421.85 e) Finance cost 17.05 12.90 17.36 29.95 If\ Denredation and amortisation exnenses 58.26 46.79 34.65 105.05 (a) Other Expenses 240.03 288.86 193.60 528.89 Total expen ses 2 708.81 3 130.36 2 209.56 5 839.17 Profit before exce ntionaf Rems and tax f1-2l 51.89 84.03 94.46 135.9 2 Exceptional items (refer note 2) 9.17 9.17 Profit before tax (3+" ) 51.89 93.20 94.46 145.0 9 Tax expe nse (a) Current tax 12.67 19.11 25.52 31.78 (b) Deferred tu charge I (credit) 0.98 4.73 (0.97) 5.71 Total tu expense 13.65 23.84 24.55 37.4 9 Profit for the perio d I yea r !5-'1 38.24 69.36 69.91 107.60 Other comor1h1n1iw inc ome I lloasl {a) Items that y..{I not be redassified to ororrt /(loss) 12.411 (0.981 0.32 13.39) Income tax relating to items thal wil not be reclassified to 0.60 0.25 (0.07) 0.85 orofrt I Rossl Other comore hens lve income I floss\ 11.811 I0.731 0.25 1 2.541 Total comprehensive income for the period I year (7+1) 36.4 3 68.63 70.16 105,06 Paid up equirv 1h1re caoital (face value of the share - f 2/- each) 41.12 41.12 41.12 41.12 Earnings per share (EPS) (In f ) (not annualised for qu1r1ers and hatf years) (a) Basic 1.86 3.37 3.40 5.23 (b) Diluted 1.86 3.37 3.40 5.23 Reserve excluding revaluation reserves as per balance sheet of previous accountina vur f In Crores HALF YEAR YEAR ENDED ENDED (AUDITED) (UNAUDITED) 30.09.20 25 31.03.2026 5, 141.15 11,779 .23 25.33 54.94 5 166.0 11 134.17 3,236.66 7,056.35 1,042.71 2,420.44 (274.27) (116.81) 386.88 77 1.84 28.85 75.85 66.92 142.15 437.60 924.70 4 925.35 11 274.52 241.13 559.65 (37.19) 241.13 522.46 62.21 121.98 0.45 15.38 62.66 137.36 178.47 385.10 r0.22) 12.421 0.06 0.61 I0.16) fl.811 171.31 313.29 41.12 41.12 8.68 18.73 8.68 18.73 3,019.23
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BLUE STAR BLUE STAR LIMITED Registered Office : Kasturi Buildings, Mohan T. Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870, Telephone No +91226665 4000, Fax No. +91 22 6665 4152 www.b luestarindia .com Additional Information pursuant to Regulation 52(4) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended as at and for the quarter and half year ended September 30, 2026. QUARTER QUARTER QUARTER HALF YEAR HALF YEAR YEAR ENDED ENDED ENDED ENDED ENDED ENDED (AUDITED) Sr. PARTICULARS (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED) No. 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 1 Debt eauitv ratio 0.21 - 0.34 0.21 0.34 0.24 ltTotal debt (non-current borrowings+ current borrowings) I equity) 2 Debt service coverage ratio (DSCR) (not annualised for quart ers 9.69 18.04 10.01 13.48 17.11 12.54 and half years) (Earnings before interest and tax I [interest expenses +principal repayments made during the period for long term loans)) 3 Interest service coverage ratio (ISCR) (not annualised for 9.69 18.04 10.01 13.48 17.11 12.54 quarters and half years) {Earnings before interest and tax I interest expenses) 4 Capital redemption reserve f" In Crores) 2.34 2.34 2.34 2.34 2.34 2.34 5 Net worth f" In Crores) 2,994.55 3,130.60 2.850.57 2,994.55 2,850.57 3,059.75 (As per section 2(57) ofthe Companies Act, 2013) 6 Current ratio 1.17 1.24 1.18 1.17 1.18 1.20 (Current assets I current liabilities) 7 Bad debts to account receivable ratio - - - - - 0.01 (Bad debts I average gross account receivable) 8 Current liabllltv ratio 0.94 0.94 0.96 0.94 0.96 0.96 (Current liabilities I total liabilities) 9 Total debt to total assets ratio 0.08 - 0.13 0.08 0.13 0.09 (Total debt (non-curren t borrowings +current borrowings) I total assets) 10 Debtors turnover (No. of days) 50.62 49.25 53.63 53.29 56.41 58.36 (Average debtors for the period I revenue from operations for the period X number of days in reporting period) 11 Inventory turnover (No. of days) 79.90 65.78 104.32 72.71 88.52 70.82 (Average inventory for the period I cost of goods sold for the period X number of days in reporting period) 12 Operating margin (%) 4.24% 3.99% 5.97% 4.11 % 6.06% 6.14% (Operating EBITDA (Profit before tax & exceptional items- other income + finance charges + depreciation & amortisation) I revenue from operations X 100) 13 Net proflt mar11ln (%) 1.39% 2.16% 3.03 % 1.80% 3.45% 3.25 % (Profit I (loss) for the period I total income X 100)
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I BLUE STAR BLUE STAR LIMITED Registered Offic e : Kasturi Bui ldings , Mohan T. Advan i Chowk, Jamshedji Tata Road, Mumbai 400 020, CIN No.: L28920MH1949PLC006870 , Tel ephone No +91 22 6665 4000 , Fax No. +91 22 6665 4152 www.bluestarindia .com STANDALONE STATEMENT OF ASSETS AND LIAB ILITIES AS AT SEPTEMBER 30, 2026 "in Crores SR. AS AT ASAT NO PARTICULARS 30.09.2026 31.03.2 026 (UNAUDITED) (AUDITED) A ASSETS 1. Non-current assets (a) Property, plant and equipment 850.1 3 825.82 (b) Capital work-in-progress 64.46 61.89 (c) Investment property . . (d) Right-of-use assets 263.01 158.86 (e) Intangible assets 146.39 154.18 (f) Intangible assets under development 84.25 71.40 (g) Contract assets 0.01 0.01 (h) Financial assets • Investments 822.47 822.47 • Loans 14.11 22.86 • Other financial assets 57.80 60.77 (i) Income tax asset (net) 174.98 137.71 (j) Other non current assets 41.19 35.79 Total non-curre nt assets 2,518.80 2,351.76 2. Current assets (a) Inventories 1,924.40 1,852.85 (b) Contract assets 778 .42 704.76 (c) Financial assets • Investments 352.64 339.98 • Trade receivable s 1,514.39 1,949.91 • Cash and cash equivalents 50.50 292 .07 ·Othe r bank balances 40.90 25.05 ·Loa ns 5.34 4.54 • Other financial assets 41. 19 61.31 (d) Other current assets 448. 11 373.21 Tota l current assets 5,155.89 5,603.68 Tota l assets 7,674 .69 7,955.44 B EQUITY AND LIAB ILITIES 1. Equity (a) Equity share capital 41.12 41.12 (b) Other equity 2,954.03 3,019.23 Tota l equity 2,995. 15 3,060.35 2. Non-current liabilities (a) Contract liabilit ies 1.86 1.06 (b) Financial liabilities • Lease liabilities 202.16 126.34 (c) Provisions 39.45 50.71 (d) Government grants 10.31 10.62 (e) Deferred tax liabilities 25.51 19.80 Tota l non-current liabilities 279.31 208.55 3. Current Liabilities (a) Contract liabilities 313.33 288.97 (b) Financial liabilities • Borrowings 641.86 737.1 1 • Lease liabilities 83.77 54.99 • Trade payables a. Total outstanding dues of micro and small enterprises 224.95 255.84 b. Total outstanding dues of creditors other than micro and small 2,197.80 2,471 .26 enterprises • Other financial liabilities 29.11 53.91 (c) Government grants 1.16 1.33 I (d) Other current liabilities 743.48 665.96 (e) Provisions 11 6.15 106.26 (f) Income tax liabilities (net) 48.62 48.91 - Total curre nt liabilities ~.' I 4,400.23 4,686.54 \I.in --.. "- Tota l equity and liabilities __ , ~ 7,674.69 7,955.44 ~~~ S ct! J'~ • Indicates amount less than ' 1 Lakh ®~ 'I ~ ()/> ~ :§ ~ 1) o Mumbai £; .> CJ * * ~ q -l;> ... ...., '/{I>~ "leredAr!-"3~~ -
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SL.LIE STAR BLUE STAR LIMITED Registered Office: Kasturt Buildings, Mohan T. Advanl Chowk, Jamshedjl Tata Road, Mumbai 400 020, CIN No.: L28920MH1M9PLC006870, Telephone No +91226665 4000, Fax No. +91 22 6665 4152 www.bluestarindla.com STANDALONE STATEMEN T OF CASH FLOWS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2026 Particulars CASH FLOWS FROM OPERAT ING ACTIVITIES Profit before tax Adjustments to reconc ile profit before tax to net cash flows Depreciation and amortisation expenses Finance cost Rental income Interest income Equity sellled share-base d payment expenses Gain on disposal of airrent investments measured at FVTPL (net) Unrealised exchange rate difference (net) Loss/(profit) on disposal of property, plant & equipm ent (net) Deferred income arising on government grant Bad debts written off and provision for doubtful debts Provisions and liabilities written back Gain on termination of lease OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES Adjustment for movement In working capital : (lncrease)/decrease in trade receivabl es (lncrease)/decrease in inventories (lncrease)/decrease in financial assets I other assets (lncrease) /decrease in contract assets lncrease/(decrease) in lrade payables Increase/( decrease) in financial liabilities I other liabililies lncrease/(decrease) in contract liabilities lncrease/(decrease) in government grants lncrease/(decrease) in provisio ns Cash gene rated from operatio ns Income taxes paid (net of refund) Net cash generated from I (use d In) operating activities (A) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property , plant and equipments and other intangible assets [including capital work-in progress, intangibles under development , capital advance and capital creditors) Government grants toward purchase of equipment Proceeds from disposal of property, plant and equipment Proceeds on disposal or current investments measured at FVTPL Purchase of airrent investments measured at FVTPL Investment in deposils Maturity of deposits Purchase of equity instruments of subsidiary companies measured at cost Inter corporate deposit repaid by subsidiary Inter corporate deposit given to subsidiary Rent received Interest received Net cash used In Investing activities (B) CASH FLOWS FROM FINANCING ACTIV ITIES Inter corporate deposit laken from subsidiary Inter corporate deposit repaid to subsidiary Commercial papers borrowed Commercial papers repaid Repayment of current borrowings (net) Repayment of lease iabil ities Finance cost paid Dividend paid to equity holders of the Company Net cash (used In) I generated from finan cing activities (C) NET DECREASE IN CASH AND CASH EQUIVALENTS (A+ B + C) Cash and cash equivalents at the beginning of the year Effect of exchange differences on restatement of foreign currency cash & cash equivalents CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR CASH AND CASH EQUIVALENTS COM PRISES OF : Balances with banks: - In current accounts - In fixed deposits - Cash on hand ~~<,'-ins~ ~tal cash and ca~ h equivalents .:t fV.... ·r! nee as per statemen t o f cash flow s ~ IY t"" j o Mumbai !'.:; } * * ~ ~ '1"1"rtd A~~~'($ HALF YEAR ENDED SEPT 30, 2026 (UNAUDITED) 145.09 105.05 29.95 (0.29) (6.05) 4.19 (12.81) (0.0 1) 1.06 (0.47) 7.36 (61.29) (1.381 210.40 428.58 (71.55) (60.46) (73.66) (246. 26) 77.77 25.14 (0.01) (6.76) 283.19 (68 .48) 214.71 (121 .88) 4.26 2,682.15 (2,68 2.00) (35.00) 20.00 0.29 4.73 (127.45 170.00 (120.00) 400.0 0 (400 .00) (145.00) (45 .84) (13.8 4) 1174.161 (328.84 (241.58 292.07 0.01 50.50 49.95 0.55 50.50 50.50 'In Crores HALF YEAR ENDED SEPT 30, 2025 (UNAUDITED) 241.13 66.92 28.85 (0.27) (5.33) 2.98 (t2.65) (0.22) (0.46) (0.81) (0.34) (11.89) 307.91 465.0 3 (315.62) (88.32 ) (63.20) (856 .67) (71.35) 30.70 11.69 (579.83) (98.28) (678.11) (1 43.70) 0.05 3.04 2,709.48 (2,599.00) (4.91) 85.00 (95.00) 0.27 4.57 (40.20) 260.00 (250.00) 1,100.00 (400.00) (50.33) (23.6 4) (17.55) 1184.681 433.80 (284.51} 299.76 0.22 15.47 14.99 0.04 0.44 15.47 15.47
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BLUE STAR BLUE STAR LIMITED Registered Office : Kastur1 Buildings, Mohan T. Advanl Chowk, Jamshedjl Tata Road , Mumbai 400 020, CIN No.: L28920MH1949PLC006870 , Telephone No +91 22 6665 4000, Fax No. +91 22 6665 4152 www.bluestarind la.com UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 NOTES : 1 These standalone financial results have been prepared in accordance with the recognition and measurement principles under Ind AS as prescribed under Section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 2 The Company has recognised profit on sale of property of ~ 9.17 Crores as exceptional income in the financial results for the half year ended September 30, 2026. 3 In compliance with Regulation 33 and 52 of the SEBI (Listing Obligations & Disclosure Requirements ) Regulations, 2015, a limited review of the above results has been carried out by the Statutory Auditors. 4 The Audit Committee has reviewed and the Board of Directors has approved the above results at their respective meetings held on October 28, 2026 and October 29, 2026. 5 Previous period's I year's figures have been regrouped I rearranged wherever necessary. Date : October 29, 2026 Place : Mumbai For BLUE STAR LIMITED Vlr S. Advanl Chalnnan and Managing Director (DIN : 01571278)