Meeting Details

  • Date: Thursday, August 6, 2026
  • Time: 3:00 PM IST
  • Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Type: Annual General Meeting

Proposed Resolutions and Implications

Five resolutions were considered and approved:

1. Ordinary Resolution: To adopt audited financial statements for FY ended March 31, 2026 (standalone and consolidated) with Board of Directors and Auditors reports

2. Ordinary Resolution: To declare dividend on equity shares for FY ended March 31, 2026

3. Ordinary Resolution: To appoint Mr. Sanjay Sachdeva (DIN: 11017868) as Director, retiring by rotation

4. Ordinary Resolution: To ratify remuneration of Cost Auditors for FY ending March 31, 2027

5. Special Resolution: To approve borrowing by way of issue of securities

Voting Process and Methods

The company provided remote electronic voting facility through MUFG Intime India Private Limited:

  • Record Date: July 30, 2026
  • Remote e-voting period: August 2, 2026 (9:00 AM IST) to August 5, 2026 (5:00 PM IST)
  • E-voting during AGM: Available for members who hadn't voted remotely
  • Voting methods: Remote e-voting and e-voting during AGM
  • Scrutinizer: Vaibhav Dandawate of Makarand M. Joshi & Co. (ACS No.: 51538, CP No.: 27947)

Key Voting Outcomes

Overall Participation

  • Total shareholders on record date: 86,212
  • Total shares outstanding: 115,392,769
  • Total votes polled: 98,305,079 shares (85.1917% turnout)
  • Shareholder attendance via VC: 36 Promoter/Promoter Group members, 68 Public members

Resolution-wise Results

Resolution 1 - Adoption of Financial Statements

  • Total votes in favor: 98,304,975 (99.9999%)
  • Total votes against: 104 (0.0001%)
  • Promoter/Promoter Group: 72,240,982 votes in favor (100%)
  • Public Institutions: 24,950,690 votes in favor (100%)
  • Public Non-Institutions: 1,113,303 votes in favor (99.9907%), 104 against (0.0093%)

Resolution 2 - Dividend Declaration

  • Total votes in favor: 98,304,975 (99.9999%)
  • Total votes against: 104 (0.0001%)
  • Promoter/Promoter Group: 72,240,982 votes in favor (100%)
  • Public Institutions: 24,950,690 votes in favor (100%)
  • Public Non-Institutions: 1,113,303 votes in favor (99.9907%), 104 against (0.0093%)

Resolution 3 - Director Appointment

  • Total votes in favor: 98,304,628 (99.9995%)
  • Total votes against: 450 (0.0005%)
  • Promoter/Promoter Group: 72,240,982 votes in favor (100%)
  • Public Institutions: 24,950,690 votes in favor (100%)
  • Public Non-Institutions: 1,112,956 votes in favor (99.9596%), 450 against (0.0404%)

Resolution 4 - Cost Auditor Remuneration

  • Total votes in favor: 98,304,873 (99.9998%)
  • Total votes against: 206 (0.0002%)
  • Promoter/Promoter Group: 72,240,982 votes in favor (100%)
  • Public Institutions: 24,950,690 votes in favor (100%)
  • Public Non-Institutions: 1,113,201 votes in favor (99.9815%), 206 against (0.0185%)

Resolution 5 - Borrowing Approval (Special Resolution)

  • Total votes in favor: 98,304,792 (99.9997%)
  • Total votes against: 287 (0.0003%)
  • Promoter/Promoter Group: 72,240,982 votes in favor (100%)
  • Public Institutions: 24,950,690 votes in favor (100%)
  • Public Non-Institutions: 1,113,120 votes in favor (99.9742%), 287 against (0.0258%)

Scrutinizer's Role and Findings

Vaibhav Dandawate was appointed scrutinizer to conduct both remote e-voting and e-voting during the AGM. Key findings:

  • No invalid votes in total votes cast
  • Votes cast do not include abstained votes
  • All resolutions passed with requisite majority
  • Voting rights on shares transferred to IEPF are frozen
  • No restrictions on Foreign Portfolio Investors voting rights
  • Maintained electronic register as per Rule 20(4)(xiv) of Companies (Management and Administration) Rules, 2014

Compliance Confirmation

The company confirmed compliance with:

  • Section 108 of Companies Act, 2013 and Rules thereunder
  • SEBI Listing Regulations
  • Secretarial Standard on General Meetings (SS-2)
  • MCA Circulars including General Circular No. 03/2025 dated September 22, 2025

Additional Information

  • Voting results and scrutinizer's report uploaded to company website (www.bajajelectricals.com) and MUFG Intime website
  • Newspaper advertisements published in Free Press Journal (English) and Navshakti (Marathi) on July 11, 2026
  • Notice and explanatory statement sent to members on July 10, 2026