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BA.JA.J

Electricals

May 12, 2025

To, BSE Limited Code No. 500031 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001.

National Stock Exchange of India Limited Exchange Plaza, Sandra Kurla Complex, Bandra (East), Mumbai 400 051.

BAJAJELEC - Series: EQ

Dear Sir/Madam,

Sub.: Outcome of the Board Meeting of Bajaj Electricals Limited (the "Company") held today i.e., on Monday, May 12, 2025 ("Meeting")

A. Financial Results:

Pursuant to the provisions of Regulations 30 (read with Part A of Schedule Ill) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), we enclose the following statements for the quarter and year ended March 31, 2025, which were approved and taken on record at the Meeting of the Board of Directors:

a) Statement of the Audited Standalone Financial Results for the quarter and year ended March 31, 2025, along with Audit Report; and
b) Statement of Audited Consolidated Financial Results for the quarter and year ended March 31, 2025, along with Audit Report.

The audit reports for the year are submitted with unmodified opinion (free from any qualifications) and a declaration to that effect is enclosed Annexure A. Press Release regarding financial performance is also enclosed to this disclosure as Annexure B.

B. Dividend:

In line with the Company's Dividend Distribution Policy, the Board of Directors has approved / recommended a dividend at the rate of Rs. 3.00 per share (150 %) of face value of Rs.2 each on equity shares for the financial year ended March 31, 2025. The said dividend, if approved by the shareholders at the forthcoming 86[th ] Annual General Meeting ("86[th ] AGM"), will be credited/dispatched on or before August 11, 2025.

The dividend on equity shares, if declared at the 86[th ] AGM, will be credited/dispatched as under:

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001.

Tel.: +91 22 6110 7800 I Email: [email protected] I CIN: L31500MH1938PLC009887

•> Electricals BA.JA.J

i) to all those shareholders holding shares in physical form, as per the details provided by the Registrar and share transfer agent of the Company i.e., MUFG lntime India Private Limited (formerly Link lntime India Private Limited) to the Company, as of or before the closing hours on Friday, July 18, 2025 {"Record Date"); and
ii) to all those beneficial owners holding shares in electronic form, as per the beneficial ownership data made available to the Company by the National Securities Depository Limited {NSDL) and the Central Depository Services (India) Limited (CDSL) as of the close of business hours on the Record Date.

c. Fund Raising:

The Board at its Meeting has approved a proposal to obtain an enabling approval of shareholders, at their forthcoming 86[th ] AGM, to borrow funds from time to time {if required) by way of issuance of unsecured non-convertible debentures and/or commercial papers, upto an amount not exceeding Rs. 500 crore to the eligible investors on a private placement basis, in one or more tranches, considering the prevailing money market conditions at the time of borrowing.

D. Increase in the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013l"Act"), and providing security under Section 180(1)(a) of the Act in connection with the borrowings of the Company:

Subject to the approval of the shareholders at the forthcoming 86[th ] AGM, the Board, at its meeting, has approved a proposal to increase the borrowing limits under Section 180(1 )(c) of the Act from the existing limit of Rs.1,500 crore to Rs.3,000 crore, as well as to provide security under Section 180(1 )(a) of the Act in connection with such increased borrowings.

E. Appointment of Mr. Nirav Bajaj (DIN 08472468) as an Additional Non- Executive Director of the Company:

Pursuant to the provisions of Regulation 30 (read with Part A of Schedule Ill) of the SEBI Listing Regulations, we wish to inform you that the Board of Directors of the Company, at its Meeting held on the basis of the recommendations of the Nomination and Remuneration Committee and subject to the approval of the shareholders at the forthcoming 86[th ] AGM of the Company, has approved the appointment of Mr. Nirav Bajaj (DIN: 08472468) as an Additional Director in the category of Non-Executive Director of the Company, with immediate effect, i.e. May 12, 2025. He shall be liable to retire by rotation.

Please also take note that Mr. Nirav Bajaj is not debarred from holding the office of Director by virtue of any order of the Securities and Exchange Board of India or any other such authority. Further, as affirmed by him, he is not disqualified from holding the office of Director pursuant to the provisions of Section 164 of the Act.

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001. Tel.: +91 22 6110 7800 I Email: [email protected] I CIN: L31500MH1938PLC009887

-> Electricals BAJAJ

The details/disclosures as required under Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 ("SEBI Circular"), are provided in Annexure C.

F. Mr. Rajiv Bajaj (DIN: 00018262), l'-!lon- Executive Director of the Company not to seek re appointment:

The Board, at its Meeting, took note of the letter received from Mr. Rajiv Bajaj (DIN: 00018262), Non-Executive Director of the Company, conveying his intention not to seek re-appointment to the Board upon the conclusion of his current term, which is due for retirement by rotation at the forthcoming 86[th ] AGM. Accordingly, Mr. Rajiv Bajaj shall cease to be a Non-Executive Director on the Board of the Company with effect from the conclusion of the forthcoming 86[th ] AGM, scheduled to be held on Thursday, August 7, 2025. The Board placed on record its sincere appreciation and gratitude for his invaluable contributions to the Company during his tenure.

The details/disclosures required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Circular, are provided in Annexure D.

G. H.Qld.J_ng_ 86[th ] AnnuaJ_G_neral Meeting ("86[th ] AGM") of the Company:

The Ministry of Corporate Affairs, vide its General Circular No. 09/2024 dated September 19, 2024, has permitted Corporates to hold the AGM through Video Conferencing ("VC")/Other Audio-Visual Means ("OAVM"), without the physical presence of the Members at a common venue. In view of this, the 86[th ] AGM of the Company will be held on Thursday, August 7, 2025, through VC/OAVM.

The above-mentioned Meeting of Board of Directors commenced at 11 :30 A.M. and concluded at : P.M. ...1_ 15_

We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations.

Thanking you,

Yours faithfully, I[J] nt D Lect � �cals Limited Chief ~~Complianc~~ e Officer & Company Secretary (ICSI Membership No.: A51129)

Encl.: As above.

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001. Tel.: +91 22 6110 7800 I Email: [email protected] I CIN: L31500MH1938PLC009887

SR BC& COLLP Chartered Accountants

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai· 400 028, India

Tel: +91 22 6819 8000

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors of Bajaj Electricals Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone financial results of Bajaj Electricals Limited (the "Company") for the quarter ended March 31, 2025 and for the year ended March 31, 2025 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us, the Statement:

i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2025 and for the year ended March 31. 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the reparation and presentation of the Statement that give a true and fair view and are free from & 4[��--..C][� ][erial misstatement, whether due to fraud or error.] c:>r � i 0 ( [MU] MBAI J * Page 1 o 3 f \:t:. Jl� \��\ �,!'�';;;.:[-:] : '\<o'� 'f'-� ./ � SR BC & Regd. Office: 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016 co LLP, a Limited Liability Partnership with LLP Identity No. AAB-431B � ' r� '*

Bajaj Electricals Limited Limited review report on standalone financial results

SR BC& CO LLP Chartered Accountants

In preparing the Statement. the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement. whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act. we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement. including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, ted safeguards.

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Bajaj Electricals Limited Limited review report on standalone financial results

SR BC& CO LLP Chartered Accountants

Other Matter

The Statement includes the results for the quarter ended March 31, 2025 being the balancing figure between the audited figures in respect of the full financial year ended March 31. 2025 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S R BC & CO LLP Chartered Accountants

ICAI Firm Registration Number: 324982E/E300003

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per Aruna Kumaraswamy

Partner

Membership No.: 219350 � ".l O � .\ UDIN: '2 S '2 \«j 3 60 0Mtt'\ f\ S � .:> Mumbai, May 12, 2025

Page 3 of 3

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887 Registered Office: 45/47, Veer Nariman Road, Mumbai- 400 001

Tel. 022-61497000 Website : http://www.bajajelectrlcals.com Ema� : [email protected]

STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2025

		(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)
Sr.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19	Pariculars	Quarer ended _Year_ended
		31-Mar-25 (Audited) ( refer note 7)		31-Dec-24 (Unaudited) 31-Mar-24 31-Mar-25 31-Mar-24 (Audited) (Audited) (Audited) (refer note 7) (refer note 2)
	Revenue from continuing operations (a) Net sales (b) Other operating income Total Revenue frm operations Other income (refer note 3) Total Income (1 + 2) Expenses (a) Cost of raw materials consumed (b) Purchase or traded goods (c) Changes in inventories of fnished goods, wrk-in-prgress and traded goods ( d) Erection & Subcontracting Expenses (e) Employee benefits expense (I Depreciation and amortisation exense (g) Other expenses (h) Finance Costs Total Expenses Proft before exceptional items and before tax from continuing operations (3 - 4) Exceptional Items (refer note 5) Proft before tax from continuing operations (5 + 6) Tax Exense/ (Credit) from continuing operations Curent Tax Deferred Tax (refer note 1 and 4) Adjustment of tax relating to earlier periods Total Tax Expense/ (Income) from continuing operations Net profit for the period / year from continuing operations (7 - 8) Profit / (loss) before tax from discontinued operations (refer note 2) Tax expense/ (Credit) fom discontined operations Net profit/ (loss) for the period/ year frm discontinued operations (10 -11) Net Profit for the period/ year (9 + 12) Other comprehensive (income) I loss, net of income tax from continuing operations Items that wll be reclassified to prof or loss (net of tax) Items that wll not be reclassified to proft or loss (net of tax) Total other comprehensive (income) / loss, net of income tax Other comprehensive (income) / loss, net of income tax from discontinued operations Items that wll be reclass�ied to profit or loss (net of tax) Items that wll not be reclassified to profit or loss (net of tax) Total o1her comprehensive (income)/ loss, net of income tax Total comorehensive income for the orlod / vear 113 -141 Paid-up equity share capital (Face value of Rs. 2/-) Resere excluding revaluation reseres Netorth Earings Per §hare (not annualised) !Face value of Rs. 21-l Basic before exceptional items from continuing operations Diluted befre exceptional items frm continuing operations Basic after exceptional items frm continuing operations Diluted after exceptional nems from continuing operations Basic before exceptional items from discontinued operations Diluted before exceptional items from discontinued operations Basic aer exceptional items from discontinued operations Diluted after exceptional items from discontinued opertions Basic before exceptional items fom continuing and discontinued ope�ations Diluted before exceptional ttems from continuing and discontinued operions Basiafer exceptional items from continuinganddiscontinued operations Diluted afer exceptional ttems fom contnuing and discontinued operations	126,273 274		128,631 341	118,098 481,591 462,235 710 1,252 1,892
		126,54 1,618	7	128,972	118,808 482,843 46,127
				1,279	2,246 5,478 8,647
		128,165		130,251 121,054 488,321				472,774
		13,711 70,759 1,676 1,049 9,496 4,124 20,555 1,807		13,986 72.288 1,635 893 9,948 3,608 21,480 1,871 11,833 54,852 66,172 271,781 5,987 2,887 1,105 3,893 8,284 37,999 3,019 14,407 20,453 80,686 1,756 6,985				51,349 256,675 18,060 2,621 36,493 10.958 72,960 6,348
		123,177		125,709	118 609 473 490			455 464
					2,445 14,831 - 2,137			17,310 -
		4,988 2,137		4,542
		7,125 4,52			2,45	16.98		17.310
		1,568 1,501 (348) (295) - -			1,307 (1,793) -	4,951 (1,325) -		5,720 (2,009) 11
		1,220 1,206			1486 3,626			3,722

		5,905 3 336 - - - -			2,931 - -	13,342 - -		13,588 (553) (144)
		~~-~~	~~-~~ ~~-~~					(409)

		5,95 3,336 - 136 - 2,931 13,32 - - 37 (158)						13,179 7 55
		136		37				62
		- - -					- t71l 1711

		5 769 3.19 3.19 5.12 5.11 - - - - 3.19 3.19 5.12 5.11		3 336 2.89 2.89 2.89 2.89 - 2.89 2.89 2.89 2.89 2 894 13 50 13 188 2,307 2,304 152,774 141,006 157,271 145.501 2.55 9.64 11.81 2.54 9.63 11.79 2.55 11.57 11.81 2.54 11.56 11.79 . - (0.36) - (0.36) - - (0.36) - - (0.36) 2.55 9.64 11.45 2.54 9.63 11.43 2.55 11.57 11.45 2.54 11.56 11.43			13 188

SIGNED FOR IDENTIFICATION BY

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SR BC & CO LLP MUMBAI

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Notes to the standalone financial results·

1) In the previous year ended, March 31, 2024, lhe Hon'ble National Company Law Tribunal, Mumbai Bench, vide its order dated March 01, 2024 ("Order") passed in the matter of Company Scheme Petition No. C.P (C.A.A)/250(MB)2023 connected with CA (CAA)/246(MB)2022) ("Petition") in respect of the Scheme, has inter-alia approved the Scheme of Merger by Absorption of Nirtep Appliances Private Limited ("Transferor Company") with Bajaj Electricals Lim�ed ("Transferee Company") and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Scheme").
Accordingly, the Company had accounted for the merger under the pooling of interest method as prescribed in IND AS 103 Business Combinations of entities under common control. Additionally, subsequent to the merger, the Company had deemed brought forward losses of Nirtep Appliances Private Limited and temporary differences on Property, Plant and Equipment as recoverable in tax and hence had credited an amount of Rs 1,010 lakhs to the tax charge for the year/quarter ended March 31, 2024 .
2) During the previous year, the Scheme of Arrangement between Bajai Electricals Limited (" □ emerged Company") and Bajel Projects Limited ("Resulting Company'') and their respective shareholders ("Scheme") became effective after regulatory approvals and conditions precedents. Accordingly, effect of the de-merger has been considered in the standalone financial results for the year ended March 31, 2024. Further as required by the scheme, the assets and liabilities relating to the demerged undertaking including cash generated by the said business from the appointed date of 1st April, 2022 amounting to Rs. 23,843 lakhs have been de-recognised from the books from the effective date of September 1, 2023 and have been adjusted against the retained earnings by Rs. 56.850 lakhs, in the said standalone financial results. The results of the demerged business before the effective date for all the periods/year presented are disclosed as Discontinued operations.

	Paricular Amount
Total assets transferred	100,086
Total liabilities transferred	43,236
Net impact in retained earings	56,850

3) During the quarter ended March 31, 2024 and year ended March 31, 2024, the Company had received an income tax refund order of Rs. 6,571 lakhs and Rs.12,577 lakhs, including interest on income tax refunds of Rs. 428 lakhs and Rs. 4,056 lakhs, respectively. The said interest was recorded as other income in the above standalone financial results. The same has been presented as an unallocable income in segment reporting.
4) Pursuant to change in tax rate on long term capital gain and withdrawal of the indexation benef� on long term capital gains on enactment of the Finance Act, 2024, the Company has reassessed deferred tax asset/ liabilities on land which have been fair valued in ea�ler years resulting in a net reduction of Rs. 215.67 lakhs considered as a one time cumulative true up while computing the profit after tax for the year ended March 31, 2025.
5[) ] Exceptional items:

Exceptional items:
Pariculars Profit on liquidation of few immovable properies	Quarer ended		Year	ended
	31-Mar-25 31-Dec-24 31-Mar-24 (Audited) (Unaudited) (Audited) 3,013 - -		31-Mar-25 31-Mar-24 (Audited) (Audited) 3,013 -	31-Mar-24
Voluntar retirement scheme for Nashik Factor, Maharashtra	(876) -	~~-~~	(876) ~~-~~
Total exceptional items	2,137 ~~-~~	~~-~~	2,137 ~~-~~

6) The Board of Directors of the Company, at its meeting held on May 12. 2025. has proposed a final dividend of Rs. 3 per share of face value of Rs 2 each for the financial year ended March 31, 2025. The proposal is subject to the approval of shareholders at the An ual General Meeting to be held, and if approved would result in a cash outflow of approximately Rs. 3,460 lakhs.
7[) ] The standalone figures for the March quarter are the balancing figure between the audited figures in respect of full financial year upto 31st March 2025 and 31st March 2024 and the unaudited year-to-date figures upto 31st December 2024 and 31st December 2023, being the date of the end of the third quarter of the financial year which were subjected to limited review.
8) The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 12, 2025.
9) These standalone financial results are available on the Company's website viz. www.bajajelectricals.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).

SIGNED FOR IDENTIFICATION BY SR BC & CO LLP MUMBAI

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Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

Registered Office: 45/47, Veer Nariman Road, Mumbai - 400 001

Tel. 022-61497000 Website: http://www.bajajelectricals.com Email: [email protected]

STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

Particulars	(Rs. In Lakhs)	(Rs. In Lakhs)
	Standalone As at 31-March-25 As at 31-March-24
	(Audited) (Audited) /refer note 21 35,081 35,236 923 6,184 24,412 22,222 895 1,542 332 162 15,629 13,582 19,001 19,001 515 493 1,492 1,293
ASSETS Non-Current Assets Property, plant and equipment Capital work in progress Right-of-use assets Other intangible assets Intangible assets under development Investment properties Goodwill Financial Assets i) Investments ii) Trade rceivables
iii) Other financial assets Deferred tax assets (net) Income tax assets (net) Other non-current assets Total Non-Current Assets Current Assets Inventories Financial Assets i)lnvestments ii)Trade receivables iii)Cash and cash equivalents iv)Bank balances other than (iii) above v)Loans vi)Other current financial assets Other current assets Contract assets Assets classified as held for sale Total Current Assets Total Assets	6,929 5,028 388 530 4,376 8,334 6,449 8,497
	116,422 122,104 71,736 75,664 6,187 3,005 128,639 116,318 11,979 11,402 76 16,066 1 50 33,360 1,084 36,417 36,838 477 325
	288,872	260,752
	-	460
	288,872 405,294	261,212 383,316
SIGNED FOR IDENT!flCATION BY � SR BC & CO LLP MUMBAI	�Cl��,, ( l� r-\ 47 t�/. I V N.Rd; } _t ' "fif > u � *r \·

Bajaj Electricals �imited

CIN: L31500MH1938PLC009887

Registered Office: 45/47, Veer Nariman Road, Mumbai - 400 001

Tel. 022-61497000 Website : http://www.bajajelectricals.com Email: [email protected]

STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

(Rs. In Lakhs)

	Standalone	Standalone
Pariculars	A at 31-March-25 (Audited)	As at 31-March-24 (Audited) (refer note 2)
EQUITY&LIABILITIES EQUITY Equity share capital Other Equity Total Equity LIABILITIES Non-Current Liabilities Financial Liabilities ia) Lease liabilities ii} Other financial liabilities Provisions Employee Benefit Obligations Total Non-Current Liabilities Current Liabilities Financial Liabilities ia) Lease liabilities ii} Trade credits iii} Trade payables a} Total outstanding dues of micro enterprises & small enterprises b} Total outstanding dues of other than micro enterprises & small enterprises iv} Other current financial liabilities Provisions Employee benefit obligations Current tax liabilities (net} Contract liabilities Other current liabilities Total Current Liabilities Total Liabilities	2,307 2,304 153,583' 141,818 155,890 144,122 18,667 17,261 19 16 1,222 970 4,836 5,191
	24,74 5,662 146,295 5,424 39,533 6,960 5,320 1.534 2,023 4,913 6,996	23,438 4,228 128,272 3,782 52,118 6,520 5,228 1.325 2,687 4,496 7,100
	224,660 215,756 249,404 239,194
Total Equity&Liabilities	405,294 383,316

BY SIGNED FOR IDENTIFICATION

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SR BC & CO lLP MUMBAI

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Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

Registered Office: 45/47, Veer Nariman Road, Mumbai - 400001 Tel. 022-61497000 Website: http:// w.bajajelectricals.com Email: [email protected]

STANDALONE CASH FLOW STATEMENT FOR YEAR ENDED 31st MARCH 202 5

			(Rs in Lakhs)	(Rs in Lakhs)
Particulars	Year ended 31-March-2 5 (Audited) 16,968 14,407 1,121 (497) (305) (160) (2,137) 6,985 (2,609) (226) 83 816			Year ended 31-March-2 4
Cash flow from operating activities Profit before income tax from continuing operations Adjustmentsfor: Depreciation and amorisation expense Employee sharebased payment expense Gain on disposal of property, plant and equipment (net) and right of use assets Measurement of financial assets held at fair value through Profit or Loss Measurement of financial assets and liabilities held at amortised cost Exceptional items (refer note 5) Finance costs Interest income Credit balance written back Impairment allowance for doubtful debts & advances (net of write back) Bad debts and other irrecoverable debit balances written off Change in operating assets and liabilities: (lncrease)/decrease in trade receivables (current & non-current) (lncrease)/decrease in financial and other assets (current & non-current) (lncrease)/decrease in inventories lncrease/(decrease) in trade payables, provisions, employee benefit obligations, other financial liabilities, trade credits and other liabilities (current & non-current) Cash generated from operations from continuing operations Income taxes paid (net of refunds) Net cash inflow from operating activities from continuing operations Net cash inflow/ (outflow) from operating activities from discontinued operations Net cash inflow from operating activities from continuing and discontinued operations (A) Cash flows from investing activities Purchase of propery, plant and equipment including capital work in progress and capital advances Purchase of intangible assets including intangible assets under development Proceeds from sale of property, plant and equipment Proceeds from sale of assets held for sale Proceeds from sale of investment properties Purchase of mutual funds Proceeds from sale of mutual funds Investments in bank deposits Interest received Net cash used in investing activities for continuing operations Net cash used in investing activities for discontinued operations Net cash used in investing activities for continued and discontinued operations (B) Cash fows from financing activities Proceeds from exercise of share options Repayment of borrowings Payment of principal porion of lease liabilities Interest paid on lease liabilities Interest paid Dividend paid to equit shareholders Net cash used in financing activities fr continuing operations Net cash used in financing activities for discontinued operations Net cash used in financing activities for continuing and discontinued operations (C) Net increase in cash and cash equivalents(A+B+C) Cash and cash equivalents at the beginning of the year Less: Cash transferred pursuant to demerger (refer note 2) Cash and cash equivalents at the end of the year Cash and cash equivalents from continuing operations Cash and cash equivalents from discontinued operations Cash and cash equivalents from continuing and discontinued operations				(Audited) {refer note 2l 17,310 10,958 1,033 80 (73) (124) - 6,348 (5,560) (1,342) 634 1379]
	34,446			28,88 5
	(13,225) 1,452 3,928 8,321 34 922 (242) 34680 - 34680 (4,723) (672) 2,497 2,389 5 (6,046) 3,146 (17,644) 1 552 119,496 1 - (4,870) (6,026) 21,896 (3,953) 35932 (254) 35678 12 9 9) 35 37 9 (12,366) (751) 44 - 8 (10,446) 11,700 (14,296) 5,084 121,023) -
	119 496 1 604 - (4,853) {2,005) {4,896) {3,457) 121.0231 511 (17) (2,917) (1,551) (4,685) (4,604)
	114,60 71			113 2631
	~~-~~			~~-~~
	11460 7		1	1 13 2631

		577 1 093
		11 402 34,152
		~~-~~ 123,8431
		11,979 11.979 - 11.402 11,402 -
		11,979 11,402
SIGNED FORIDENTIFICATION BY � Sn RC & CO LLP �VIUMBAI	,

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887 Registered Office: 45/ 47, Veer Nariman Road, Mumbai - 400001

Tel. 022-61497000 Website : http://www.bajajelectricals.com Email: [email protected]

STANDALONE SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND YEAR ENDED 31st MARCH 2025

				(Rs. In Lakhs)	(Rs. In Lakhs)
Sr. No A) 1 2 B) C) D) Pariculars CONTINUING OPERATIONS Segment Revenues A) Consumer Producs 8) Lighting Solutions Revenue from Operations Segment Profit before Tax and Finance cost A) Consumer Products 8) Lighting Solutions Less: A) Finance Cost 8) Other un-allocable expenditure net of unallocable income (refer note 3) Profit befor exceptional Items and before tax Exceptional items (refer note 5) Profit before tax from· contl nulng operations DISCONTINUED OPERATIONS iEPCI lrefer note 2) Revenue from discontinued operations Segment Profit/ (Loss) before Tax and Finance cost Profit/ (loss) before tax from discontinued operations Segment Assets A) Consumer Products 8) Lighting Solutions C) Unallocable/ Corporate Assets Total Segment Liabilities A) Consumer Products B) Lighting Solutions C) Unallocable/ Corporate Liabilities Total	Quarer ended Yea			r ended
	31-Mar-25 31-Dec-24 31-Mar-24 31-Mar-25				31-Mar-24 (Audited) (refer note 2)
	(Audited) (Unaudited) (refer note 7) 99,401 103,845 27,146 25,127		(Audited) (refer note 7) 91,708 27,100 (Audited) 380,589 102,254
					360,390 103,737
	126,547 3,898 2,122 6,020 1,807 (775) 4,988 2,137	128,972 5,199 528 5,727 1,871 (686) 4,542 -	118,808 1,635 2,314 3,949 1,756 (252) 2,445 - 482,843 12,291 6,752 19,043 6,985 (2,773) 14,831 2,137		464,127 11,422 7,961 19,383 6,38 (4,275) 17,310 -
	7,125 - - 251,434 54,212 99,648 405,294 192,721 45,905 10,778	4,542 2,45 - . - - - - 247,056 246,787 53,756 51,416 96,324 85,113 397,136 383,316 191,280 175,389 45,309 50,680 10,815 13,125 16,968 - - - 251,434 54,212 99,648 405,294 192,721 45,905 10,778			17,310 34,038 (184) (553) 246,787 51,416 85,113 383,316 175,389 50,680 13,125
	249,404	247,404	239,194 249,404		239,194

Note :

The Company pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consumer Products and Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. "Lighting Solutions" includes Professional Lighting (B2B) and Consumer Lighting (82C). Additionally 'EPC' includes Power Transmission and Power Distribution is presented as discontinued operations since it was demerged as referred to in note 2 of the standalone financial results.

standalone financial results. SIGNED FOR IDENTIFICATION By Order of the Board of Directors for Bajaj Electricals Limited BY � �� CTAl�" � ,.,::j .• � Date : May 12, 2025 Chairman --�[--]

SR BC& COLLP Chartered Accountants

12th Floor, The Ruby 29 Senapati Bapat Marg Dadar (West) Mumbai· 400 028, India

Tel: +91 22 6819 8000

Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To

The Board of Directors of Bajaj Electricals Limited

Report on the audit of the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial results of Bajaj Electricals Limited ("Holding Company"), its associate and joint ventures (the Holding Company, its associate and joint ventures together referred to as "the Group") for the quarter ended March 31, 2025 and for the year ended March 31, 2025 ("Statement"), attached herewith, being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations")

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the report of the other auditor on separate audited financial statements of the associate and joint ventures, the Statement:

i. includes the results of the following entities:

Name of the entities Bajaj Electricals Limited Hind Lamps Private Limited (Formerly known as Hind Lamps Limited) Bajaj Electricals Limited Employees' Welfare Funds	Relationship Parent Associate Joint venture

ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial information of the Group for the quarter ended March 31. 2025 and for the year ended March 31, 2025.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the "Auditor's Responsibilities for the Audit of the Consolidated Financial Results" section of our report. We are independent of the Holding Company, its associate and joint ventures in accordance with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditor in terms of their report referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for pinion.

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SR BC & CO LLP, a Limited Liability Partnership with lLP Identity No. AAB-4318 Regd. Olflce: 22, Camac Street. Block 'B', 3rd Floor. Kolkata-700 016

Bajaj Electricals Limited Limited review report for consolidated financial results

SR BC & CO LLP Chartered Accountants

Management's Responsibilities for the Consolidated Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group including its associate and joint ventures in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group including its associate and joint venture are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of their respective companies and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the Statement by the Directors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in the Group including its associate and joint ventures are responsible for assessing the ability of their respective companies to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.

The respective Board of Directors of the companies included in the Group including its associate and joint ventures are also responsible for overseeing the financial reporting process of their respective companies.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guara'ntee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate
c, �CO� internal financial controls with reference to financial statements in place and the operating
�<o/' ; (, effectiveness of such controls. ;:;;: \"°
i( \ t,J MB� j � � \ O?�-� __.., ./ -�o..:Y, Page 2 of 4 tHED p,.,cC
"'r �· '°� =. ,.�

Bajaj Electricals Limited Limited review report for consolidated financial results

SR BC & COLLP Chartered Accountants

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group including its associate and joint ventures to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group including its associate and joint ventures to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial results of the entities within the Group including its associate and joint ventures of which we are the independent auditors, to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the Statement of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditor, such other auditor remain responsible for the direction, supervision and performance of the audit carried out by them. We remain solely responsible for our audit opinion.

We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Master Circular issued by the Securities Exchange Board of India under Regulation 33 (8) of the Listing Regulations, to the extent applicable.

Other Matter

The accompanying Statement includes audited financial statement and other audited financial information in respect of one associate, whose financial statement includes the Group's share of net profit of Rs. 0.00 lakhs and Rs 0.00 lakhs and Group's share of total comprehensive income of Rs. 0.00 lakhs and Rs. 0.00 lakhs for the quarter and for the year ended March 31, 2025 respectively, as considered in the Statement whose financial statement and other financial information have been audited by their auditor.

The independent auditor's report on the financial statements of this entity have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of this associate is based solely on the report of such auditor and the procedures performed by us as stated in paragraph above

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the report of the other auditor .

..-:::;=-=�

Page 3 of 4

Bajaj Electricals Limited Limited review report for consolidated financial results

SR BC& COLLP Chartered Accountants

The accompanying Statement includes unaudited financial statements and other unaudited financial information in respect of 5 joint ventures, whose financial statem.ents includes the Group's share of net profit of Rs. 0.00 lakhs and Rs 0.00 lakhs and Group's share of total comprehensive income of Rs. 0.00 lakhs and Rs. 0.00 lakhs for the quarter and for the year ended March 31, 2025 respectively, as considered in the Statement whose financial statements and other financial information have not been audited by their auditors.

These unaudited financial statements and financial information have been approved and furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these joint ventures, is based solely on such unaudited financial statements and financial information. In our opinion and according to the information and explanations given to us by the Management, these financial statements and financial information are not material to the Group.

Our opinion on the Statement is not modified in respect of the above matters with respect to the Financial Statement certified by the Management.

The Statement includes the results for the quarter ended March 31, 2025 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2025 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S R BC & CO LLP

Chartered Accountants

ICAI Firm Registration Number: 324982E/E300003

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per Aruna Kumaraswamy Partner Membership No.: 219350 UDIN: 25'2.\�350 S1'-'\III\A6�"½\0� Mumbai, May 12, 2025

Page 4 of 4

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

Registered Office: 45/47, Veer Nariman Road, Mumbai - 400001 Tel. 022-61497000 Website : http://www.bajajelectricals.com Email: [email protected]

CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2025

		(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)	(Rs. In Lakhs except per share data)
Sr.No.	ParicuJrs	Qua rer ended						Year Ended
		31-Mar-25 (Audtted) (refer note 9)	31-Deo-24 (Unaudited) 31-Mar-24 (Audted) (refer note 9)					31-Mar-25 (Auditd)			31-Mar-24 (Audiled) (refer note 21 462,235 1 892
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22	Revenue from continuing operations (al Net sales (b) Other operating income Total Revenue from opertions Other income (refer note 3) Total Income (1 + 2) Expanses {a) Casi of raw materials consumed (b) Purchase of traded goods (c) Changes in inventores of finished goods, wor-in-progress and traded goods (d) Erection & Subcontracting Expenses (e) Employee benefits expense (f) Depreciation and amorisation expense (g) Other expenses (h) Finance Costs Totl Expenses Profit before exceptional Items, share of profitI(loss) of an associate and joint ventures and before tax from continuing operations (3 - 4) Exceptional Items (refer note 5) Profit before share of profit/ (loss) of an associate and joint ventures and before tax from continuing operations (5 • 6) Share of ProfitI(Loss) of an associate and joint ventures (Refer note 7 and 8) Profit before tax from continuing operatons(7+ 8) Tax ExpenseI(Credit) from continuing operations Current Tax Deferred Tax (refer note 1 and 4) Adjustment of tax relating to earlier perods Total Tax Expense/ Uncome) from continuing opertions Net Profr for the period/ year from continuing operations f9 - 10) ProftI{lo&S) before tax from discontinued operations (refer note 2) Tax expenseI(Credit} from discontinued operations Net profit/ (lossl fr the period/ year from discontinued operations (12 -13) Net Profit for the period_I_year (11 + 14) Olher comprehensive (income)/ loss, net of income tax from continuing operations Items that will be reclassifed to profit or loss {net of tax) Items that will not be reclassifed to profit or loss (net of tax) Total other comprehensive (incom)Iloss, net of Income tax Other comprehensive {income)/ loss, net of income tax from discontinued operations Hems that wll be rclassifed to profil or loss (net of lax) Items that wll not be reclassified to prfit or loss (net of tax) Totl other comprehensive (incom)/ loss, net of income tax Total comorehensive income for the oeriodJvear l15 - 161 Net Profit attrbutable to {continued operations) -Owers - Non-controlfing interests Net Profit atributable to (continued and discontinued operations) -OYers • Non-contrlling interests Total comprehensive income attributable to (continued and discontinued operations) -Owners - Non-contra llinn interests Paid-up equity share capital (Face value of Rs. 21-) Reserve excluding revaluation rseres Netr Earnings Per Share (not annualised} {Face value of Rs 21-) Basic before exceptional items from continuing operations Diluted before exceptional items from continuing operations Basic afer exceptional items from continuing operations Diluted after exceptional items fmm continuing operations Basic before exceptional items from discontinued operations Diluted before exceptional items frm discontinued operations Basic after exceptional items from discontinued opertions Diluted after exceptional items from discontinued operations Basic before exceptional items from continuing and discontinued operations Diluted before exceptional items from continuing and discontinued operations Basic afer exceptional items from continuing and discontinued operations Diluted after exceptional items from continuing and discontinuedaperations	t26,273 128,63 274 34		1 1 118,098 710				481,591 1,252
		126,547 128,97		2 9 118,808 2,246				482 843 5 478 488,321			464,127 8 647 472,774
		1 618 1,27 128,165 130,25
				1	121,054
		t3,7t1 70,759 1,676 1,049 9,496 4,124 20,555 1 807 123177	13,98 72,28 1,63 89 9,94 3,60 21,48 1 87 15 70	6 8 5 3 8 8 0 1 9	t1,833 66,172 5,987 1,105 8,284 3,019 20,453 1 756 118 609			54,852 271,781 2,887 3,893 37,999 14,407 80,686 6 985			51,349 256,675 18,060 2,621 36,493 10,958 72,960 6,348
							9	,13 •••			455 464

		4,988	4,54	2	2,44		5	14,831			17,310
		2 137					2 137
		7,125 4,542 7 125 4 542 1,568 1,501 (348) (295) - 2,45 16,968 17,310 - 245 16 968 17 310 1,307 4,951 5,720 (1,793) (1,325) (2,009) - 11
		1 220	1 206		14	8	6		3 6	26	3 722
		5 905	3 336		2.9	3	1	1	3 3	42	13 588
											(681) 1201
		~~-~~ 5 905 - 136 136	~~-~~ l36 - - ~~-~~ 29 - ~~-~~			31 3 3	7 7	1480 .. . '42 13 108 7 11581 55 11581 62 - 11> - 1711			1480

					~~-~~
		5.769 5,905 - 5,905 5,769 3.19 3.19 5.12 5.11 3.19 3.19 5.11 5.11	3 336 3,336 3,336 3,336 - 2.89 2.89 2,89 2.89 2,8 2,8 2,8 2.8	9 9 9 9	28 2,9 2,9 2,8 - 2. 2. 2. 2. 2. 2. 2.5 2.5	94 31 3 94 55 54 55 54 55 54 5 4		13 500			13 117 13,588 13,108 13,117 2,304 141,006 145,501 11.81 11,79 11.81 11.79 (0.42) (0.42) (0.42) (0.42) 11.39 11.37 11.39 11.37
							13,342 1 13,342 13,500 2,307 169,396 157,271 9.64 9,63 11.57 11.56 - 9.64 9.63 11,57 11.56

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----- Start of picture text -----

SIGNED FOR IDENTIFICATION
BY
�
SR BC & CO LLP
IVIUMBAI
----- End of picture text -----

�'1' Y. N. Res; • �:,'.\te;t.1-��• -4 • •• [4 ] �-

Notes 10 the consolidated financial result:i

1) In the previous year ended, March 31, 2024, the Hon'ble National Company Law Tribunal. Mumbai Bench, vide its order dated March 01. 2024 {"Order"') passed In the matter of Company Scheme Petition No. C.P (C.A.A)/250(MB)2023 connected wilh C.A. (CAA)/246(MB)2022) ("Petition") in respect of the Scheme]. has lnter-alia approved the Scheme of Merger by Absorption or Nir1ep Appliances Private Limited ("Transferor Company•) with Bajaj Eleclricals Limited ("Transferee Company[w] ) and their respeclive shareholders under Sections 230 to 232 and other a1wlicable provisions of the companies Act, 2013 (�Scheme[8] ). Accordingly, the Holding Company had accounted ror the merger under the pooling of interest method as prescribed in IND AS 103 Business Combinations of entities under common control. This combination has no impact on the consolidated financial results. Additionally, subsequent to the merger, the Holding Company had deemed brought forward k\sses of Nir1ep Appliances Private Limited and temporary differences on Property, Plant and Equipment as recoverable in tax and hence had credited an amount of Rs 1,010 lakhs to the tax charge for the year/quarter endod March 31, 2024
2i During the previous year, the Scheme of Arrangement betw'een Bajaj Electricals Limited ("Demerged Company") and Bajel Project$ Limited ("Resulting Company•) and their respective shareholders ("Scheme") became effective after regulatory approvals and conditions precedents. Accordingly, effect of the de-merger has been considered in the consolidated financial results for the period ended March 31, 2024. Further as required by the scheme, the assets and liabilities relating to the de merged undertaking including cash generated by the said business from the appointed date of 1st April, 2022 amounting to Rs. 23,843 lakhs have been de-recognised from the books from the effective date of September 1, 2023 and have been adjusted against the retained earnings by Rs. 56,749 lakhs, in the said consolidated financial results. The results of the demerged business before the effective date for all the periods presented continue to be disclosed as Di�continued operations. Particulars Amount
Total assets transferred 100.086 Total liabilities transferred 43.337 Net Impact In retained earnings 56,749
3) During the quarter ended March 31, 2024 and year ended March 31, 2024, the Holding Company had received an income tax refund order of Rs. 6,571 lakhs and Rs.12,577 lakhs, including interest on income tax refunds of Rs. 428 lakhs and Rs. 4,056 lakhs, respectively. The said interest was reco,ded as other income in the above consolidated financial results. The same has been presented as an unallocable income in segment reporting.

Pursuant to change in tax rate on long ter capital gain and 't:hdrawal of the indexation benefit on long ter capital gains on enactme has reassessed deferred lax assat / liabilities on land which have been fair valued in eartier years resulting in a net reduction of Rs. 215 up while computing the profit after tax for the year ended March 31, 2025. Exceptional items:	Pursuant to change in tax rate on long ter capital gain and 't:hdrawal of the indexation benefit on long ter capital gains on enactme has reassessed deferred lax assat / liabilities on land which have been fair valued in eartier years resulting in a net reduction of Rs. 215 up while computing the profit after tax for the year ended March 31, 2025. Exceptional items:	nt of the Finance Act, 2024, the Holding Company .67 lakhs considered as a one time cumulative tre	nt of the Finance Act, 2024, the Holding Company .67 lakhs considered as a one time cumulative tre
Pariculars	Quarer ende	d Year Ended
	31-Mar-25 31-0ec-24 (Adited) (Uaudtted)		31-Mar-4 31"ar-5 31-Mar-24 (Audted) (Audited) (Audttedl
Proft on liquidation of few immovable properies Voluntar retirement scheme for Nashik Factory, Maharashtra	3.013 (876)		3,013 ~~-~~
		(876) ~~-~~ ~~.~~ 2,137 ~~-~~
Totl exceptional items	2,137
The Board of Directors of the Holding Company, at its meeting held on May 12, 2025, has proposed a fina March 31, 2025. The proposal is subject to the approval of shareholders at the Annual General Meeting to lakhs. The above consolidated financial resulls includes Group's share of net profit of Rs. 0.00 lakhs and 0.00 l lakhs in respect of an associate and joint ventures for the quarer and year ended March 31, 2025 and qu Pursuant to revisions in arrangements wth regard to operations, management and benefcial interest obtained joint control over the Trusts. Accordingly, the Holding Company has accounted for its interest in resulting in recognition of the Holding Company's proporionate share in net assets of the Trust at Rs. 16,6 The condolidated figures for the March quarter are the balancing figure between the audited figurs in unauditad year-to-date figures upto 31st December 2024 and 31st December 2023, being the date of the The above consolidated results have been reviewed by the Audit Committee and approved by the Board o	l dividend of Rs. 3 per share of face value of Rs 2 each for the financal year ended be held, and if apprved would result in a cash outflow of approximatel Rs. 3,460 akhs and Grup's share of total comprehensive income of Rs. 0.00 lakhs and 0.00 arter ended December 31, 2024 and quarer and year ended March 31, 2024. of the Employee Welfare Trst, the Holding Company has determined that ii has the Trust in accordance wth the requirements of Ind AS 111 Joint Arangements, 22 lakhs with a corresponding credit to the Capital Resere. respect of full fnancial year upto 31st March 2025 and 31st March 2024 and the end of the third quarter of the fnancial year wich were subjected to limited rview. f Directors in their respective meetings held on May 12, 2025.

11) These consolidated financial results are available on the Holding Company's website viz. ww .bajajelectricals.com and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). SIGNED FOR IDH.ITlflCATION BY � SR BC & CO LLP fJIUMBAI

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

Registered Office: 45/47, Veer Nariman Road, Mumbai -400001

Tel. 022-61497000 Website : http://www.bajajelectricals.com Email: [email protected]

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

Parculars	(Rs. In Lakhs) Consolidated As at 31-March-25 A at 31-March-2 (Audited) (Audited) trefer note 91 !refer note 21 35,081 35,236 923 6,184 24,412 22,222 895 1,542 332 162 15,629 13,582 19,001 19,001 - - 16,622 - 515 493 1,492 1,293 6,929 5,028 388 530 4,376 8,334 6,449 8,497 133,04 122,104 71,736 75,66 6,187 3,005 128,639 116,318 11,979 11,402 76 16,066 1 50 33,360 1,084 36,417 36,838 477 325 288,872 260,752 - 460 288,872 261,212 421,916 383,316 - "J,CT Rc� Ir§� v ' ""·R; ; �48At-O'.* -- �
ASSETS Non.urrent Assets Property, plant and equjpment Capital work in progress Right-f-use assets Other intangible assets Intangible assets under development Investment properties Goodwill Investments in an associate (refer note 7) hvestments in joint ventures {refer note 7 and 8) Financial Assets i)lnvastments ii)Trade receivables iii)Other financial assets Deferred tax assets {net) Income tax assets (net) Other non-urrent assets Total Non.Current Assets Current Assets lnventones Financial Assets i)lnvestments ii)Trade receivables iii)Cash and cash equivalents iv)Bank balances other than (iii) above v)Loans vi)Other current financial assets Other current assets Contract assets Assets class�ied as held for sale Total Current Assets Total Assets SIGNED FOR IDENTIFICATION BY SR 8 C & CO LLP

Parculars

(Rs. In Lakhs)
Consolidated
As at 31-March-25
A at 31-March-2
(Audited)
(Audited)
trefer note 91
!refer note 21
35,081
35,236
923
6,184
24,412
22,222
895
1,542
332
162
15,629
13,582
19,001
19,001
-
-
16,622
-
515
493
1,492
1,293
6,929
5,028
388
530
4,376
8,334
6,449
8,497
133,04
122,104
71,736
75,66
6,187
3,005
128,639
116,318
11,979
11,402
76
16,066
1
50
33,360
1,084
36,417
36,838
477
325
288,872
260,752
-
460
288,872
261,212
421,916
383,316
-
"J,CT Rc�
Ir§�
v ' ""·R; ;
�48At-O'.*
--
�

ASSETS
Non.urrent Assets
Property, plant and equjpment
Capital work in progress
Right-f-use assets
Other intangible assets
Intangible assets under development
Investment properties
Goodwill
Investments in an associate (refer note 7)
hvestments in joint ventures {refer note 7 and 8)
Financial Assets
i)lnvastments
ii)Trade receivables
iii)Other financial assets
Deferred tax assets {net)
Income tax assets (net)
Other non-urrent assets
Total Non.Current Assets
Current Assets
lnventones
Financial Assets
i)lnvestments
ii)Trade receivables
iii)Cash and cash equivalents
iv)Bank balances other than (iii) above
v)Loans
vi)Other current financial assets
Other current assets
Contract assets
Assets class�ied as held for sale
Total Current Assets
Total Assets
SIGNED FOR IDENTIFICATION
BY
SR 8 C & CO LLP

SR 8 C & CO LLP rv1UIVtB t

Bajaj Electricals Limited

CIN • L31500MH1938PLC009887

Registered Office: 45/47. Veer Nariman Road, Mumbai - 400001

Tel. 022-61497000 Website: http://www.bajajeleciricals.com Email: [email protected] CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

(Rs. In Lakhs)

Pariculars	Consolidated	Consolidated
	As at 31-March-25	As at 31-March-24
	(Audited) (refer note 9)	(Audited) (refer note 2)
EQUITY & LIABILITES EQUIT Equity share capital Other Equity Total Equity LIABILITES Non-Current Liabilities Financial Liabilities ia) Lease liabilities ii) Other financial liabilities Provisions Employee Benefit Obligations Total Non-Current Liabilities Curent Liabilities Financial Liabilities ia) Lease liabilities ii) Trade credits iii) Trade payables a) Total outstanding dues of micro enterprises & small enterprises b) Total outstanding dues of other.than micro enterprises & small enterprises iv) Other current financial liabilities Provisions Employee benefit obligations Current tax liabilities (net) Contract liabilities Other current liabilities Total Current Liabilites Total Liabilities Total Equity & Liabilities	2,307 170.205	2,304 141,818
	172,512 18,667 19 1,222 4.836 14,122 17,261 16 970 5,191
	24,74 23,438
	5,662 146,295 5,424 39,533 6,960 5,320 1,53 2,023 4,913 6,99 4,228 128,272 3,782 52,118 6,520 5,228 1,325 2,687 4,496 7,100
	224,660 249,404 421,916	215,756 239,194 383,316

==> picture [347 x 84] intentionally omitted <==

----- Start of picture text -----

SIGNED FOR IDEl!T!FICATION
BY "5,.,,t7
V.N.fid;
� ,t
SR 8 C & CO LLP ?,A,8A\·O°' .
MUMBAI
----- End of picture text -----

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

Registered Office: 45/47, Veer Nariman Road, Mumbai -400 001 Tel. 022-61497000 Website: http://www.bajajelectricals.com Email: [email protected]

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2025

		(Rs in Lakhs)	(Rs in Lakhs)	(Rs in Lakhs)
	Particulars	Year ended 31-March-25 (Audited)		Year ended 31-March-24 (Audited) (refer note 2)
Cash flow from operating activities Profit before income tax Adjustment§ for: Depreciation and amorisation expense Employee share-based payment expense Gain on disposal of propery, plant and equipment (net) Measurement of financial assets held at fair value through Profit or Loss Measurement of financial assets and liabilities held at amortised cost Exceptional items (refer note 5) Finance costs Interest income Credit balances written back Impairment allowance for doubtful debts & advances (net of write back) Bad debts and other irrecoverable debit balances written off Change in operating assets and liabilities: (lncrease)/decrease in trade receivables (current & non-current) (lncrease)/decrease in financial and other assets (current & non-current) (lncrease)/decrease in inventories lncrease/(decrease) in trade payables , provisions, employee benefit obligations, other financial liabilities, trde credits and other liabilities (current & non-current) Cash generated from operations from continuing operations Income taxes paid (net of refunds) Net cash inflow from operating activities Net cash inflow / (outflow) from operating activities from discontinued operations Net cash inflow from operating activities from continuing and discontinued operations (A) Cash flows from investing activities Purchase of property, plant and equipment including capital work in progress and capital advances Purchase of intangible assets including intangible assets under development Prceeds from sale. of propery, plant and equipment Proceeds from sale of assets held for sale Proceeds from sale of investment properties Purchase of mutual fund Prceeds from sale of mutual fund Investments in bank deposits Interest received Net cash usedininvesting activities Net cash usedininvesting activities for discontinued operations Net cash used in investing activities for continued and discontinued operations (B) Cash flows from financing activities Proceeds from exercise of share options Repayment of borrowings Payment of principal portion of lease liabilities Interest paid on lease liabilities Interest paid Dividend paid to equity shareholders of the Holding Company Net cash used in financing activities Net cash used in financing activities for discontinued operations Net cash used in financing activities for continuing and discontinued operations (C) Net increase in cash and cash equivalents(A+B+C) Cash and cash equivalent at the beginning of the year Less: Cash transferred pursuant to demerger (refer note 2) Cash and cash equivalents at the end of the year Cash and cash equivalents from continuing operations Cash and cash equivalents from discontinued operations Cash and cash euivalents from continuina and discontinued ooerations
		16,968 14,407 1,121 (497) (305) (160) (2,137) 6,985 (2,609) (226) 83 816		17,310 10,958 1,033 80 (73) (124) - 6,348 (5,560) (1,342) 634 {379)
		34,46		28,885
		(13,225) 1,452 3,928 8,321 34,922 1242 34 680		(4,870) (6,026) 21;896 (3,953) 35,932 (254 35 678
		~~-~~		(299)
		34,680		35,379
		(4,723) (672) 2,497 2,389 5 (6,046) 3,146 (17,644) 1,552		(12,366) (751) 44 - 8 (10,446) 11,700 (14,296) 5,084
		119.4961		21 0231
		~~-~~ (19,496)		~~-~~ (21,023) 511 (17) (2,917) (1,551) (4,685) (4,604) 113 2631 -
		604 - (4,853) (2,005) (4,896) 13,457) 114,6071 -
		(14,607) 577		(13,263)
				1,093

		11,402		34152 23,843l 11 ,402
		11 979
		11 979		11,402
		~~-~~		~~-~~
		11 979		11 402
SIGNED FOR IDENTIFICATION BY � SR 8 C & CO LLP fvlUMBAi		(	~~�~~ § �ctR1c� If_�,'t d .f.1 *-� . i'' _ .,.o'. -

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887 Registered Office: 45/47, Veer Nariman Road, Mumbai -400 001

Tel. 022-61497000 Website: http://w w.bajajelectricals.com Email : [email protected]

CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED AND YEAR ENDED 31st MARCH 2025

			(Rs. In Lakhs)	(Rs. In Lakhs)	(Rs. In Lakhs)	(Rs. In Lakhs)	(Rs. In Lakhs)
Sr. No A) 1 2 8) C) D)	Pariculars CONTINUING OPERATIONS Segment Revenues A) Consumer Products B) Lighting Solutions Revenue from Operations Segment Proft befre Tax and Finance Cost A) Consumer Products B) Lighting Solutions Less: A) Finance Cost B) Other un-allocable expenditure net of unallocable income (refer note 3) Proft before exceptional items, share of proft/ (loss) of an associate and joint ventures and before tax Exceptional Items (refer note 5) Proft before share of proft/ (loss) of an associate and joint ventures and befre tax from continuing operations Share of Profit/ (Loss) of an associate and joint ventures (Refer note 7 and 8) Proft before tax from contnuing operations DISCONTINUED OPERATIONS !EPCI !refer note 2) Revenue frm discontinued operations Segment Profit/ (Loss) before Tax and Finance Cost Profit/ (loss) before tax from discontinued operations Segment Assets A) Consumer Products B) Lighting Solutions C) Unallocable/ Corporate Assets (refer note 8) Totl Segment Liabilities A) Consumer Products B) Lighting Solutions C) Unallocable / Corporate Liabilities Totl	Pariculars	Quarer ended			Year ended
			31-Mar-25	31-Dec-24	31-Mar-24	31-Mar-25 31-Mar-24 (Audited) (Audited) (refer note 2)
			(Audited) (refer note 9)	(Unaudited)	(Audited) ( refer note 9)
			99,401 27,146	103,845 25,127	91,708 27,100	380,589 360,390 102,254 103,737
			126,547 128,972 3,898 5,199 2,122 528		118,808 1,635 2,314 482,843 12,291 6,752		464,127 11,422 7,961
			6,020 1,807 (775) 4,988 2,137	5,727 1,871 (686) 4,542 -	3,949 1,756 (252) 2,45 -	19,043 6,985 (2,773) 14,831 2,137	19,383 6,348 (4,275) 17,310 -
			7,125 -	4,542 -	2,45 -	16,968 17,310 - -
			7,125 4,542 - - - - - - 251,434 247,056 54,212 53,756 116,270 96,324 421,916 397,136 192,721 191,280 45,905 45,309 10,778 10,815

			249,404	247,404 239,194
• perains to consumer products segment Note: The Group pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consumer Products and Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. "Lighting Solutions" includes Professional Lighting (B2B) and Consumer Lighting (B2C). Additionally 'EPC' includes Power Transmission and Power istribution is presented as discontinued operations since it was demerged as refered to in note 2 of the consolidated financial results. SIGNED FOR IDENTIFICATION BY � sR B C &coLLP Place : Mumbai MUMBAI Date: Mav 12, 2025 By Order of the Board of ~~t�~~ ir :T Rt • 11I �7 �� for Bajaj Electricals Li~~mi~~ (s C� �• m V N.A· , _ • ( Shekhar Bajaj �.A1-0'. Chairman --

• pertains to consumer products segment

Note:

The Group pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consumer Products and Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. "Lighting Solutions" includes Professional Lighting (B2B) and Consumer Lighting (B2C). Additionally 'EPC' includes Power Transmission and Power Distribution is presented as discontinued operations since it was demerged as refered to in note 2 of the consolidated financial results.

SIGNED FOR IDENTIFICATION By Order of the Board of, Dir BY for Bajaj Electricals Li ~~mi t~~ ( :T Rt ~~�~~ � �• • 11 m I �V. N. Ad·[7 ] � , [� ] s R B C & co LLP __,...-, * s� C� • () Place : Mumbai MUMBAI Shekhar Bajaj �.flaA1-0' . Date: Mav 12, 2025 Chairman* --

Annexure A

•> Electricals

BAJAJ

May 12, 2025

To, BSE Limited

: Code No. 500031

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001.

National Stock Exchange of India Ltd.

: BAJAJELEC- Series: EQ

Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051.

Dear Sir/Madam,

Sub.: Declaration in terms of Regulation 33(3)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations")

In terms of the second proviso to Regulation 33(3)(d) of the SEBI Listing Regulations, we declare that Messrs SR BC & Co LLP, Chartered Accountants, the Statutory Auditors of Bajaj Electricals Limited (the "Company") have submitted the Audit Reports with unmodified opinion for Annual Audited Financial Results (Standalone and Consolidated) of the Company for the financial year ended March 31, 2025.

We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations.

Thanking you,

==> picture [147 x 97] intentionally omitted <==

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001. Tel.: +91 22 6110 7800 I Email: [email protected] I CIN: L31500MH1938PLC009887

Annexure B

PRESS RELEASE

==> picture [213 x 115] intentionally omitted <==

May 12, 2025

Bajaj Electricals Posts Strong Q4 Results

Profit before tax zooms to Rs. 71 Cr., up by 191%

Consumer Products revenues up by 8.4%, EBIT up by 138%

Bajaj Electricals Ltd has declared its results for the quarter ended March 31, 2025.

For the fourth quarter of 2024-25, the Company has achieved revenue from operations of Rs. 1,265 Cr. as against Rs. 1,188 Cr., a good growth of 6.5% over the fourth quarter of the previous year. For the quarter, the company has significantly improved its profit before tax to Rs. 71 Cr. from Rs. 24 Cr. which is a jump of 191%.

For the quarter, Consumer Products (CP) segment of the Company has earned total revenue of Rs. 994 Cr. as against Rs. 917 Cr., a strong growth of 8.4% over the corresponding quarter of the previous year. CP recorded an EBIT of Rs. 39 Cr. as against Rs. 16 Cr. in the corresponding quarter of the previous year.

For the quarter, Lighting Solutions (LS) segment of the Company has earned total revenue of Rs. 271 Cr. as against Rs. 271 Cr., a growth of 0.2% over the corresponding quarter of the previous year. LS recorded an EBIT of Rs. 21 Cr. as against Rs. 23 Cr. in the corresponding quarter of the previous year.

For the quarter ended March 31, 2024, the Company generated positive Cashflow from Operations of Rs. 87 Cr. Cash equivalents and surplus investments are at Rs. 509 crores.

Mr. Shekhar Bajaj, Chairman of Bajaj Electricals Limited, said “Firstly, I am extremely delighted to welcome Mr. Sanjay Sachdeva into Bajaj Electricals Limited as our new Managing Director and Chief Executive Officer. He graduated as an Electrical Engineer from the Indian Institute of Technology (IIT Delhi) and later pursued his master’s degree in management from the Indian Institute of Management (IIM Calcutta). He has joined us from Unilever, where he had extensive experience to scale and lead successfully, the consumer businesses in India, China, Brazil, Japan, North Africa, the Middle East, and Russia. Further, he has consistently driven profitable growth in highly competitive environments successfully turning around businesses across geographies, delivering strong business results in volatile market conditions, and strengthening talent and organizational capabilities. His global experience will be of immense value to Bajaj Electricals giver our vision of continuing to grow in India, while establishing a strong footprint globally. I am confident that with his experience, coupled with the strength of our people, brand and cultural values, we will continue to drive sustainable and profitable growth.

I extend my best wishes and am confident that he will adapt swiftly and begin contributing meaningfully to our strategy and vision.

Now coming to the business, profit before tax for the quarter zoomed by 191% to Rs. 71 Cr., owing to good growth in revenues. Consumer Product revenues have grown at 8.4%, even in a delayed summer. The domestic appliances have done well. The EBIT margins have also improved significantly by around 210 bps (from 1.8% in Mar-24 to 3.9%

in Mar-25 quarter), on a YoY basis, mainly due to improvement in gross margins. Lighting Solutions EBIT margins are at 7.8% and they continue to improve every quarter. We will continue our investments in our brand and products and other initiatives which will yield strong results going forward.

Lastly, we are encouraged with the performance of this quarter and are confident that with two consecutive rate cuts announced by RBI, and the inflation being contained below the target rate, it will help the demand to continue to improve.”

•>

Electricals

BAJAJ

AnnexureC

Pursuant to Regulation 30 of SEBI Listing Regulations (read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024):

Appointment of Mr. Nirav Bajaj as an Additional Non- Executive Director of the Company

Sr.
No.
1.
f
-
2.
3.

Particulars
Details
Reason for change viz. appointment,
The Board of Directors of the Company, at its
Feignatiof, Femoval, death or
meeting held on May 12, 2025, based on the
otherise;
recommendations of the Nomination and

~~----~~--
-----
Date of appointmentlFeappoiFtment/
Remuneration Committee and subject to the
eessatiof (as applcable) & term of
approval of the shareholders at the forthcoming
appointment/re appointmeft
86thAGM of the Company, has approved the
appointment of Mr. Nirav Bajaj (DIN 08472468) as
an Additional Director in the category of Non
Executive Director of the Company, with
immediate effect i.e. May 12,2025, who shall be
liable to retire by rotation.
Brief Profile (in case of appointment)
A Mechanical Engineer from Brunel University,
Mr. Nirav Bajaj began his professional journey
with - Bain & Company and Roland Berger-where
he worked on diverse strategic assignments in
India, honing his analytical and problem-solving
skills.
In 2014, he joined Hercules Hoist Ltd. (HHL),
where he focused on transformative projects
including product rationalization, new product
development, and the implementation of the
Theory of Constraints. His work at HHL was
pivotal in redefining operational efficiencies and
steering the company toward sustainable growth
strategies.
In 2019, after completing his MBA from Harvard
Business School, Nirav returned to the family
business, joining Mukand Limited in August 2019.
Since then, he has been actively contributing to
Mukand's journey of innovation, operational
excellence, and strategic expansion.

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001.

Tel.: +91226110 78001 Email: [email protected] I CIN: L31500MH1938PLC009887

�

Electricals

BAJAJ

Beyond his corporate responsibilities, Nirav is also a Board Member on several group companies, including: Mukand Sumi Special Steel Limited, Consolidated Swift Industries Limited, Bajaj Vitality Private Limited, lndef Manufacturing Limited and Hospet Steels Limited. A passionate sportsman in his early years, Nirav also represented at the national level in squash during his school days - a testament to his discipline and competitive spirit. With a well-rounded perspective shaped by global exposure and deep-rooted business acumen, Mr. Nirav Bajaj continues to drive innovation and excellence across the Bajaj Group's engineering and manufacturing verticals. 4. Disclosure of relationships between Mr. Nirav Bajaj is not related to any Directors. directors (in case of appointment of a director)

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91 22 6149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001. Tel.: +91226110 7800 I Email: [email protected] I GIN: L31500MH1938PLC009887

•>

Electricals

BAJAJ

Annexure D

Pursuant to Regulation 30 of SEBI Li_sting Regulations (read with SEBL.Master Circular No . .B.ILHO/CFD/PoD2/CIR/P/0155 d ated November 11, 2024):

Mr. Rajiv Bajaj (DIN: 00018262), Non- Executive Director of the Company not to seek re appointment

Sr. No.		Particulars Details	Particulars Details
1. 2.		Reason for change viz. appeiftmeft, Not seeking reappointmentbyrotationat the resigntief, reme'al, death or ensuing 86thAnnual General Meeting scheduled to otherwise; be held on Thursday, August 7, 2025 ("86thAGM"). Date of appoiftfeftfreappeiftmeftf From conclusion of the 86thAGM. cessation (as appleable) & term ef appeiftmeftfre appeiftmeft
3. 4. 5.		Brief Profile (in case of appointment) Not Applicable Disclosure of relationships between Not Applicable directors (in case of appointment of a director) In case of Resignation, mention Mr. Rajivnayan Bajaj (DIN: 00018262) not seeking reason along with the Resignation re-appointment upon conclusion of his current Letter term, which is due for retirement by rotation at the forthcoming86thAGMdue to Professional Commitment. ResignationLetterisenclosed herewith asAnnexure E.

Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai - 400001 Tel: +91226149 7000 I www.bajajelectricals.com

Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400001. Tel.: +91226110 7800 I Email: [email protected] I CIN: L31500MH1938PLC009887

Annexure E

CONFIDENTIAL

Rajiv Bajaj

May 07, 2025

To,

Board of Directors Bajaj Electricals Limited 45/47 Veer Nariman Point, Fort, Mumbai 400 001

Dear Board Members,

Sub: Intimation of intention not to seek re-appointment at the forthcoming 86th Annual General Meeting of Bajaj Electricals Limited

I, Rajiv Bajaj (having DIN 00018262), currently a non-executive and non-independent director of Bajaj Electricals Limited ("Company"), hereby inform you that my term as a non-executive and non-independent director is due for retirement by rotation at the forthcoming 86[th ] Annual General Meeting of the Company ("AGM").

After due consideration and in view of my ongoing professional commitments, I have decided not to seek re appointment to the Board and shall accordingly vacate my office as Non-Executive, Non-Independent Director at the conclusion of the forthcoming AGM. I request the Board to kindly take note of my decision and ensure that all necessary compliances with regulatory authorities are carried out in a timely manner.

I want to express my deep gratitude to each of you for the opportunity to serve alongside such an outstanding team and I look forward to seeing the continued positive impact you will all make.

Thanking you,

Yours sincerely,

Rajiv Bajaj DIN 00018262

Bajaj Auto Ltd., Akurdi, Pune 411 035 (INDIA) Tel. : (020) 772570 Fax : (020) 755802

AI assistant

Bajaj Electricals Ltd. — Audit Report / Information 2025

60535_rns_2025-05-12_6b36bd6b-e861-4988-b785-9885368166ca.pdf

•>

BA.JA.J

Electricals

Sub.: Outcome of the Board Meeting of Bajaj Electricals Limited (the "Company") held today i.e., on Monday, May 12, 2025 ("Meeting")

A. Financial Results:

B. Dividend:

•> Electricals BA.JA.J

c. Fund Raising:

D. Increase in the borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013l"Act"), and providing security under Section 180(1)(a) of the Act in connection with the borrowings of the Company:

E. Appointment of Mr. Nirav Bajaj (DIN 08472468) as an Additional Non- Executive Director of the Company:

-> Electricals BAJAJ

F. Mr. Rajiv Bajaj (DIN: 00018262), l'-!lon- Executive Director of the Company not to seek re­ appointment:

G. H.Qld.J_ng_ 86[th ] AnnuaJ_G_neral Meeting ("86[th ] AGM") of the Company:

To

Report on the audit of the Standalone Financial Results

Opinion

Basis for Opinion

Management's Responsibilities for the Standalone Financial Results

Auditor's Responsibilities for the Audit of the Standalone Financial Results

Other Matter

Bajaj Electricals Limited

STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31st MARCH 2025

SIGNED FOR IDENTIFICATION BY

Notes to the standalone financial results·

Bajaj Electricals Limited

STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

Bajaj Electricals �imited

STANDALONE STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

STANDALONE CASH FLOW STATEMENT FOR YEAR ENDED 31st MARCH 202 5

Bajaj Electricals Limited

STANDALONE SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND YEAR ENDED 31st MARCH 2025

Note :

To

Report on the audit of the Consolidated Financial Results

Opinion

Basis for Opinion

Management's Responsibilities for the Consolidated Financial Results

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Other Matter

For S R BC & CO LLP

Chartered Accountants

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

Notes 10 the consolidated financial result:i

Bajaj Electricals Limited

CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT 31st MARCH, 2025

Bajaj Electricals Limited

CIN • L31500MH1938PLC009887

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887

CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH 2025

Bajaj Electricals Limited

CIN: L31500MH1938PLC009887 Registered Office: 45/47, Veer Nariman Road, Mumbai -400 001

Tel. 022-61497000 Website: http://w w.bajajelectricals.com Email : [email protected]

CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED AND YEAR ENDED 31st MARCH 2025

•> Electricals

BAJAJ

National Stock Exchange of India Ltd.

Sub.: Declaration in terms of Regulation 33(3)(d) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations")

Bajaj Electricals Posts Strong Q4 Results

Profit before tax zooms to Rs. 71 Cr., up by 191%

For the quarter ended March 31, 2024, the Company generated positive Cashflow from Operations of Rs. 87 Cr. Cash equivalents and surplus investments are at Rs. 509 crores.

•>

Electricals

BAJAJ

AnnexureC

Pursuant to Regulation 30 of SEBI Listing Regulations (read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024):

Appointment of Mr. Nirav Bajaj as an Additional Non- Executive Director of the Company

BAJAJ

•>

Electricals

BAJAJ

Annexure D

Pursuant to Regulation 30 of SEBI Li_sting Regulations (read with SEBL.Master Circular No . ~~.B.ILHO/CFD/PoD2/CIR/P/0155 d~~ ated November 11, 2024):

Mr. Rajiv Bajaj (DIN: 00018262), Non- Executive Director of the Company not to seek re­ appointment

Bajaj Electricals Ltd. Audit Report / Information 2025

F. Mr. Rajiv Bajaj (DIN: 00018262), l'-!lon- Executive Director of the Company not to seek re appointment:

Pursuant to Regulation 30 of SEBI Li_sting Regulations (read with SEBL.Master Circular No . .B.ILHO/CFD/PoD2/CIR/P/0155 d ated November 11, 2024):

Mr. Rajiv Bajaj (DIN: 00018262), Non- Executive Director of the Company not to seek re appointment