BAJAJ ELECTRICALS LTD.-$

Bajaj Electricals Ltd has received a favorable order from the Commissioner (Appeals), Central Goods and Service Tax & Central Excise, Ranchi. The appellate authority annulled the earlier assessment order which had imposed a penalty of ₹32.50 lakh and interest of ₹8.46 lakh for FY 2017-18. The penalty has been waived entirely, and the interest has been reduced to ₹1.28 lakh, which has already been paid. This order has no other impact on the company's operations or financials.

Bajaj Electricals Limited has announced the closure of its trading window for designated persons, their immediate relatives, and connected persons. This closure is in compliance with SEBI PIT Regulations and the company's Code of Conduct. The trading window will be shut from October 1, 2026, until 48 hours after the announcement of the company's unaudited financial results for the second quarter and half year ended September 30, 2026. The date of the board meeting to approve these results will be communicated later.

Bajaj Electricals Limited announced the appointment of Krishnan Sundaram as Chief Growth & New Business Officer, effective August 11, 2026. Sundaram brings over 26 years of experience in business management, growth strategy, and P&L leadership, having previously served as CEO of Vini Cosmetics and held leadership roles at Hindustan Unilever. In his new role, he will focus on identifying, evaluating, and scaling new business opportunities to accelerate Bajaj Electricals' growth and strengthen its portfolio. The company, a part of the Bajaj Group, has a turnover of INR 4,462 crores (FY 25-26) and operates in Consumer Products and Lighting Solutions.

Bajaj Electricals Limited has announced its unaudited financial results for the first quarter ended June 30, 2026. The company has submitted a presentation detailing these results as per SEBI regulations. The document serves as a general background on the company's activities and includes forward-looking statements regarding its operations, financial condition, and growth prospects. Investors are cautioned about the inherent risks and uncertainties associated with these forward-looking statements.

Bajaj Electricals Limited announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company reported a net profit of ₹4,795 lakhs for the quarter. Key decisions from the Board of Directors meeting included the appointment of Mr. Krishnan Sundaram as Chief Growth & New Business Officer, an increase in the ESOP pool under the PSOP 2023 plan, and a revision in the remuneration structure for whole-time directors. The results were reviewed by the Audit Committee and approved by the Board.

Bajaj Electricals Limited announced the outcome of its Board of Directors meeting held on August 6, 2026. The board approved the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, along with the limited review reports from statutory auditors. Additionally, Mr. Krishnan Sundaram was appointed as the Chief Growth & New Business Officer, effective August 11, 2026, and designated as Senior Management Personnel. The board also approved an increase in the employee stock options under the 'Bajaj Electricals Limited - Performance Stock Option Plan - 2023' and a revision of the remuneration structure for whole-time directors, subject to shareholder approval.

Bajaj Electricals reported consolidated revenue of ₹1,089.4 Cr for Q1 FY27, up 2.3% YoY from ₹1,064.6 Cr, and consolidated PAT of ₹48.4 Cr against ₹0.9 Cr a year ago (standalone PAT ₹48.0 Cr — standalone and consolidated tell the same story this quarter, with the divergence limited to the associate/JV share of ₹0.43 Cr). PBT jumped to ₹65.7 Cr from ₹1.5 Cr YoY. No external consensus estimates for this specific print turned up in a web search, so vsStreet is marked unknown rather than assumed. The swing was driven almost entirely by Consumer Products (CP), which turned EBIT-positive at a 3.9% margin (₹32.4 Cr) versus a ₹13.6 Cr loss (-1.7% margin) in Q1FY26, even as CP revenue grew just 1.7% YoY to ₹820 Cr — margin recovery, not volume growth, did the work. Lighting Solutions (LS) grew revenue 4.4% YoY to ₹269 Cr, but its EBIT fell to ₹17.9 Cr (6.7% margin) from ₹27.2 Cr (10.5% margin) — a clear compression that runs counter to management's prior guidance of "steady revenue growth and stable EBIT margins" for the vertical. Company-wide EBIT margin (ex-exceptional items) came in at 6.6%, up sharply from roughly 0.8% a year ago and already close to the 6-9% band management had targeted for FY28-29. The quarter carries a ₹8.78 Cr one-off gain on sale of immovable property, against a ₹6.68 Cr one-off Nashik factory ex-gratia charge in the year-ago quarter; adjusting for both, consolidated PAT still rose roughly 422% YoY, though off a low ₹7.6 Cr adjusted base — so the headline growth rate is real but exaggerated by how close to breakeven the year-ago quarter was. Against the prior concall's guidance — CP to "bounce back in FY27" on kitchen appliances and fixes to fans/BLDC, LS to deliver steady growth with stable margins, and overall growth "ahead of market" at mid-single digits — this is a mixed scorecard: CP's EBIT turnaround materialized largely as flagged, but revenue growth of 2.3% trails the mid-single-digit ambition and LS margins compressed rather than held steady. Sequentially, revenue fell 12.1% QoQ from ₹1,239.5 Cr and PAT swung from a ₹67.5 Cr loss to a ₹48.4 Cr profit — but the Q4 loss was itself driven by ₹55.6 Cr of exceptional impairment charges (goodwill and moulds/dies) rather than a genuine slowdown, and Q4-Q1 both sit inside India's summer demand window, so this QoQ swing reads as a one-off/base effect rather than a trend and is not the headline. The same board meeting appointed Krishnan Sundaram (ex-HUL, ex-Vini Cosmetics) as Chief Growth & New Business Officer effective August 11, and approved expanding the ESOP pool from 5.76 lakh to 30.03 lakh options, alongside a revised whole-time-director remuneration structure — none of these carry a P&L impact this quarter. Chairman Shekhar Bajaj called it "a strong start to the year" despite "input cost inflation, uneven summer demand, and industry-wide price increases," while MD & CEO Sanjay Sachdeva attributed the CP turnaround to "strategic actions, margin expansion, and operating leverage" and noted LS's 4.4% growth came "on a strong base" — management's own framing implicitly concedes the LS margin softness even while spotlighting the CP recovery. Going into Q2, the key question is whether CP can sustain EBIT-positive economics without one-off support, and whether LS can arrest the margin slide shown this quarter.

Bajaj Electricals Limited's Nomination and Remuneration Committee has approved the grant of 81,983 stock options under the PSOP Plan 2023 to 7 employees. Additionally, 75,358 stock options under the same plan have been approved for vesting to 259 employees. The exercise price for these options is set at the face value of the equity share, Rs. 2/-. The company has confirmed compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Details regarding the terms and conditions of the PSOP Plan 2023 are available on the company's website.

Bajaj Electricals Ltd has announced that its Board of Directors will convene on August 6, 2026, to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026. Concurrently, the company has closed its trading window for designated persons from July 1, 2026, which will reopen 48 hours after the financial results are publicly disclosed. This announcement is in compliance with SEBI Listing Regulations.

Bajaj Electricals Limited has announced its 87th Annual General Meeting (AGM) will be held on Thursday, August 6, 2026, at 3:00 PM IST via Video Conferencing and Other Audio Visual Means (VC/OAVM). The company is also providing a web-link to its Integrated Annual Report for FY 2025-26, accessible on its website. Shareholders who have not registered their email addresses will receive a letter with the web-link and instructions on how to update their details for physical and demat holdings. The company also clarified that it will no longer issue 'payable-at-par warrants or cheques' for dividend payments, exclusively using electronic modes.