Meeting Details

The 87th Annual General Meeting will be held on Thursday, August 6, 2026, at 3:00 PM (IST) via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The deemed venue is the Registered Office at Mulla House, 51 Mahatma Gandhi Road, Fort, Mumbai - 400 001.

Ordinary Business Items

1. Adoption of Financial Statements

  • To consider and adopt audited financial statements for FY ended March 31, 2026
  • To consider and adopt audited consolidated financial statements for FY ended March 31, 2026
  • Both items to be passed as Ordinary Resolutions

2. Dividend Declaration

  • To declare dividend on equity shares for FY ended March 31, 2026
  • Dividend rate: ₹3.00 per equity share of ₹2 each fully paid-up
  • To be paid out of free reserves of the Company
  • Ordinary Resolution required

3. Director Appointment

  • To appoint Mr. Sanjay Sachdeva (DIN: 11017868) who retires by rotation
  • Ordinary Resolution required
  • Mr. Sachdeva attended 100% of board meetings (6/6 in FY25-26, 1/1 in FY26-27)
  • Remuneration in FY25-26: ₹5.53 crore
  • Holds no shares in the company

Special Business Items

4. Ratification of Cost Auditor Remuneration

  • Ratification of remuneration for Messrs R. Nanabhoy & Co., Cost Accountants (Firm Registration No. 000010)
  • Amount: ₹2,18,000/- plus applicable taxes and reimbursement of out-of-pocket expenses
  • For conducting cost audit for FY ending March 31, 2027
  • Ordinary Resolution required
  • Approved by Board on recommendation of Audit Committee on May 15, 2026

5. Borrowing Approval

  • Special Resolution seeking approval to borrow by issuing securities
  • Maximum amount: ₹500 crore (Rupees Five Hundred Crore only)
  • Instruments: Secured/unsecured redeemable Non-Convertible Debentures (NCDs) and/or Commercial Papers (CPs)
  • Issuance: Private placement basis in domestic/international markets
  • Time period: One year from date of AGM
  • Issuable/redeemable at discount/par/premium
  • Paid-up Capital & Free Reserves as at March 31, 2026: ₹758.46 crore (compared to ₹866.26 crore as at March 31, 2025)
  • Outstanding Borrowings: Nil as at March 31, 2026 and March 31, 2025

Dividend Payment Details

  • Record Date: Friday, July 17, 2026
  • Dividend payment date: On or before Monday, August 10, 2026
  • TDS will be applicable as per Finance Act, 2020 provisions
  • Members must submit Form 15G/15H/10F for tax exemption by July 17, 2026
  • Physical shareholders must provide KYC details (PAN, contact details, bank account, specimen signature) for electronic dividend payment

Unclaimed Dividend Transfer to IEPF

  • During FY 2025-26, the Company transferred unclaimed dividend and shares to Investor Education and Protection Fund (IEPF):
  • Final Dividend FY 2017-18: ₹13,29,366.50
  • Number of shares: 4,963

E-Voting Details

  • Remote e-voting period: August 2, 2026 (9:00 AM IST) to August 5, 2026 (5:00 PM IST)
  • Cut-off date for voting rights: July 30, 2026
  • Scrutinizer: Messrs Makarand M. Joshi & Co., Practising Company Secretaries (ICSI UIN: P2009MH007000)
  • Results will be submitted to BSE and NSE and placed on company website

Document Availability

  • Notice and Annual Report available on company website: https://www.bajajelectricals.com/pages/investors
  • Also available on websites of BSE Limited, National Stock Exchange of India Limited, and MUFG Intime India Private Limited
  • Hard copies available on request by email to legal@bajajelectricals.com

Registrar & Transfer Agent

MUFG Intime India Private Limited (Formerly known as Link Intime India Pvt. Ltd.)

  • Tel: 022-4918 6000