Bajaj Electricals Ltd. — Capital/Financing Update 2024

Aug 6, 2024

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August 6, 2024

To,

BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001

: Scrip Code – 500031

National Stock Exchange of India Limited : BAJAJELEC - Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051

Dear Sir/Madam,

Sub.: Grant of 147,947 stock options under ‘Bajaj Electricals Limited- Performance Stock Option Plan2023’ (“PSOP Plan 2023”)

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( “SEBI Listing Regulations” ), we wish to inform you that the Nomination and Remuneration Committee of the Board of Directors of Bajaj Electricals Limited (the “Company” ), at its Meeting held today, i.e., on August 6, 2024, has approved the grant of 1,47,947 Stock Options under the PSOP Plan 2023 to the eligible employees of the Company, under the PSOP Plan 2023, in terms of the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The details of the above grant, as per the provisions of the SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed herewith as Annexure A .

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, For Bajaj Electricals Limited

Prashant Digitally signed by Prashant Anant Dalvi Anant Dalvi Date: 2024.08.06 10:04:21 +05'30'

Prashant Dalvi Chief Compliance Officer & Company Secretary

Encl.: As above.

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Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai 400 001 Tel: +91 22 6149 7000 | www.bajajelectricals.com Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400 001

Tel: +91 22 6110 7800 | Email: legal@bajajelectricals.com | CIN: L31500MH1938PLC009887

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Annexure A

Pursuant to Regulation 30 of SEBI Listing Regulations (read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023):

Sr. No.	Particulars	Details
1.	Brief details of options granted	Grant of1,47,947Performance Stock Options (PSOP) under the ‘Bajaj Electricals Limited- Performance Stock Option Plan-2023’ (“PSOP Plan 2023”) to the eligible employees of the Company.
2.	Whether the scheme is in terms of SEBI (Share Based Employee Benefits and Sweat Equity)Regulations,2021	PSOP Plan 2023 is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations,2021.
3.	Total number of shares covered by these options	1,47,947 PSOP and consequently 1,47,947 fully paid- up equity shares of Rs. 2/- (Rupees Two Only) each, subject to the terms and conditions as mentioned in PSOP Plan 2023.
4.	Pricing formula	The exercise price of options shall be equal to the Face Value of the Equity Share of the Company i.e., Rs.2/- per equity share.
5.	Options Vested	Nil
6.	Time within which option may be exercised	The Exercise Period shall be 2 (two) years from the date of respective Vesting of Options except for such events specified in the PSOP Plan 2023.
7.	Options Exercised	Not Applicable.
8.	Moneyrealized byexercise of options	Not Applicable.
9.	The total number of shares arising as a result of exercise of option	Not Applicable.
10.	Options lapsed	Not Applicable.
11.	Variation of terms of options	Not Applicable.
12.	Brief details of significant terms	Significant terms of PSOP Plan 2023 are disclosed in the Explanatory Statement forming part of the Postal Ballot Notice dated November 6, 2023, which can be accessed at the below link of the Company’s website: https://www.bajajelectricals.com/media/7760/postal- ballot-notice-of-bajaj-electricals-limited-dated- november-6-2023.pdf
13.	Subsequent changes or cancellation or exercise of such options	Not Applicable.
14.	Diluted earnings per share pursuant to issue of equity shares on exercise of options	Not Applicable.

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Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai 400 001 Tel: +91 22 6149 7000 | www.bajajelectricals.com Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400 001 Tel: +91 22 6110 7800 | Email: legal@bajajelectricals.com | CIN: L31500MH1938PLC009887