Meeting Details

  • Type of Meeting: Postal Ballot through remote e-voting only
  • Dispatch Date: October 5, 2026
  • Voting Period: October 6, 2026 (9:00 AM IST) to November 4, 2026 (5:00 PM IST)
  • Results Declaration: On or before November 6, 2026

Proposed Resolutions and Implications

Resolution 1: ESOP Pool Increase

  • Increase aggregate employee stock options under 'Bajaj Electricals Limited - Performance Stock Option Plan- 2023' from 575,510 Options to 3,002,559 Options
  • Represents increase from 0.50% to 2.60% of paid-up equity share capital
  • Additional 2,427,049 Options created
  • One Option converts into one equity share of face value ₹2 each
  • Required due to discontinuation of ESOP 2015 scheme
  • Expected to cater to company's equity incentive requirements for next 3-4 years

Resolution 2: Remuneration Revision for Mr. Shekhar Bajaj

  • Executive Chairman (DIN: 00089358)
  • Revision effective from August 12, 2026 to August 11, 2027
  • Basic Salary: ₹20,00,000 per month
  • Perquisites include LTC (₹99,996 p.a.), Conveyance Allowance (₹9,00,000 p.a.), Other Allowance (₹7,82,004 p.a.), HRA (₹4,01,667 per month)
  • Commission: 2% of net profits or ₹10 crore p.a., whichever less
  • Overall remuneration remains unchanged, only restructuring of components

Resolution 3: Remuneration Revision for Mr. Sanjay Sachdeva

  • Managing Director & CEO (DIN: 11017868)
  • Revision effective from April 15, 2026 to April 14, 2028
  • Fixed Pay: ₹5,17,27,500 p.a. (Basic: ₹1,92,50,000; HRA: ₹2,37,08,748; LTC: ₹99,996; Conveyance: ₹9,00,000; Other Allowance: ₹77,68,752)
  • Incentive Pay: ₹2,31,58,928 p.a.
  • Performance Stock Options: Annual grant worth ₹1,65,00,000
  • Profit-Sharing Commission: 0.75% of net profits
  • Retention Bonus: ₹2 Crore upon completion of term
  • Insurance benefits including Group Medical (₹20 lakh coverage), Group Term Life (₹2.5 Crore)

Resolution 4: Remuneration Revision for Mrs. Pooja Anant Bajaj

  • Executive Director (DIN: 08254455)
  • Revision effective from May 14, 2026 to May 13, 2029
  • Basic Salary: ₹1,73,775 per month
  • HRA: ₹1,44,064 per month
  • LTC: ₹8,333 per month
  • Conveyance Allowance: ₹75,000 per month
  • Other Allowance: ₹74,475 per month
  • Reflects expanded role in CSR and ESG initiatives

Voting Process and Methods

  • Voting Method: Remote e-voting only through electronic means
  • Cut-off Date for Eligibility: September 30, 2026
  • E-voting Agency: MUFG Intime India Private Limited
  • Scrutinizer: Mr. Vaibhav Dandawate (COP No. 27947) or Ms. Deepti Kulkarni (COP No. 22502) of Messrs Makarand M. Joshi & Co.
  • Documents available on company website (www.bajajelectricals.com), BSE, NSE, and MUFG Intime website

Key Voting Outcomes

  • Total votes cast: To be determined after voting period
  • Percentage in favor/against: To be declared by November 6, 2026
  • Participation breakdown by shareholder category: To be provided in scrutinizer's report
  • Results will be communicated to BSE and NSE and uploaded on company website

Scrutinizer's Role and Findings

  • Appointed to conduct postal ballot process in fair and transparent manner
  • Will submit report to Chairman upon completion of vote scrutiny
  • Findings and conclusions will be part of the voting results declaration

Compliance Confirmation

  • Compliance with Companies Act, 2013 (Sections 108, 110, 196, 197)
  • Compliance with SEBI Listing Regulations (Regulation 30 read with Part A of Schedule III)
  • Compliance with Companies (Management and Administration) Rules, 2014
  • Compliance with MCA Circulars including General Circular No. 03/2025
  • Compliance with Secretarial Standards on General Meetings (SS-2)

Additional Financial Information

  • Paid-up Capital: ₹23.08 crore (as of June 30, 2026)
  • Reserves: ₹1,487.48 crore (unaudited, June 30, 2026)
  • Total Income: ₹1,114.98 crore (unaudited, Q1 FY2027)
  • Profit after Tax: ₹47.95 crore (unaudited, Q1 FY2027)
  • FY2025-26 Performance: Total income ₹4,524.34 crore, Loss after Tax ₹(77.26) crore
  • The loss in FY2025-26 attributed to restructuring costs and channel inventory normalization