Jewellery brand BlueStone has announced a new round of employee stock options (ESOPs), showing its focus on rewarding employees and keeping them motivated for the long term. On April 16, the company approved 2,09,319 stock options under its ESOP 2014 scheme.
Based on the previous day’s closing share price of Rs 522, this ESOP grant is valued at around Rs 11 crore. Each option can be converted into one equity share with a face value of Rs 1. This move helps employees become part-owners of the company and benefit from its future growth.
Vesting Plan and Employee Advantage
The ESOPs will be given to employees over a period of four years. Around 25% of the options will vest after the first year. The remaining 75% will vest gradually every month over the next three years.
After the options are fully vested, employees will get up to 10 years to exercise them. This gives them enough time to decide when to convert their options into shares. Such flexible and employee-friendly policies help companies like BlueStone attract and retain good talent in a competitive market.
Strong Growth Supports ESOP Move
BlueStone’s ESOP announcement comes at a time when the company is showing strong financial growth. In Q3 FY26, it reported a net profit of Rs 69 crore. Its revenue also grew by 28% year-on-year to Rs 749 crore during the same period.
Earlier, before its public listing, the company had expanded its ESOP pool by Rs 245 crore. From that, a large grant worth $11 million was given to COO Sudeep Nagar. As of April 17, 2026, BlueStone’s shares were trading at Rs 520.45 on the NSE, giving it a market value of around Rs 7,953 crore. With steady growth and employee-focused initiatives, the company seems to be on a strong path ahead.