Bajaj Electricals Board Approves Q2 Results, Shekhar Bajaj to be Chairman Emeritus

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, Managing Director & CEO, subject to shareholder approval.