BlueStone Employee Stock Options ESOPs Worth Rs 11 Crore

BlueStone recently introduced a new batch of employee stock options (ESOPs) amounting to approximately Rs 11 crore, which encompasses 2.09 lakh equity shares under its ESOP 2014 programme as of April 16, based on disclosures to the stock exchanges. The company’s Nomination and Remuneration Committee has sanctioned the issuance of 2,09,319 stock options according to the ESOP 2014 guidelines. Each option is convertible into an equity share valued at Rs 1.

Valuation and Vesting Details

Evaluated at the closing share price of Rs 522 per share from the previous day, the newly issued ESOPs are estimated to be worth around Rs 11 crore. The vesting schedule spans four years, with 25% of the options becoming available after the initial year. The leftover options will vest monthly over the subsequent three years. Once they are vested, employees will have an extended period of up to 10 years to exercise these options.

Previous ESOP Initiatives

Last June, prior to its public listing, BlueStone enlarged its ESOP pool by Rs 245 crore (approximately $29 million). Significantly, nearly $11 million of ESOPs were allocated to COO Sudeep Nagar, as reported exclusively by Startup Superb.

Financial Performance

In Q3 FY26, BlueStone recorded profitability with a profit of Rs 69 crore, while its revenue increased by 28% year-on-year, reaching Rs 749 crore during the same timeframe. The company is still pending to submit its Q4 FY26 results.

Current Market Status

As of 12:21 AM, BlueStone’s stock is trading at Rs 520.45 on the NSE, reflecting a total market capitalisation of Rs 7,953 crore (around $857 million).