Bajaj Electricals Board Approves Q2 FY27 Results, Chairman Emeritus Role
Bajaj Electricals Limited announced the outcome of its Board Meeting held on October 28, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the second quarter and half year ended September 30, 2026, along with the Limited Review Reports. Additionally, the Board approved the cessation of Mr. Shekhar Bajaj as Executive Chairman, effective December 31, 2026, and his continuation as Non-Executive Non-Independent Director from January 1, 2027. He will also be conferred the title of 'Chairman Emeritus' for five years from January 1, 2027. The Board also approved revisions to the terms of appointment and remuneration of Mr. Sanjay Sachdeva, MD & CEO, subject to shareholder approval.
Key Highlights
- Board approved Q2 and H1 FY27 unaudited financial results.
- Shekhar Bajaj to transition from Executive Chairman to Non-Executive Director.
- Shekhar Bajaj to be appointed 'Chairman Emeritus' for five years.
- Remuneration terms for MD & CEO, Sanjay Sachdeva, revised.
- Shareholder approval sought for director role change and AoA alteration.
Price Impact
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