Bajaj Electricals Ltd. — Capital/Financing Update 2025

Aug 21, 2025

August 21, 2025

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To,

BSE Limited : Code No. 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001.

National Stock Exchange of India Limited : BAJAJELEC - Series: EQ

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

Sub.: Corrigendum to the Intimation dated August 7, 2025, on the subject matter “Grant of 2,50,247 stock options under ‘Bajaj Electricals Limited- Performance Stock Option Plan 2023’ (“PSOP Plan 2023”)”

In furtherance to our letter dated August 7, 2025, filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we hereby issue this Corrigendum to rectify an inadvertent typographical error. The relevant portion shall be read as:

“grant of 2,57,784 Stock Options under the PSOP Plan 2023 to 201 eligible employees of the Company in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021”.

The revised details/disclosures, as required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are enclosed herewith as Annexure A.

All other information remains the same. We regret the inconvenience caused in this regard.

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: 2025.08.21 16:05:49 +05'30'

Prashant Dalvi Chief Compliance Officer & Company Secretary (ICSI Membership No.: A51129)

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Corporate Office: Mulla House 51, Mahatma Gandhi Road, Mumbai 400 001 Tel: +91 22 6149 7000 | www.bajajelectricals.com

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

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

Annexure A

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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):

Sr. No.	Particulars	Details
1.	Brief details of options granted	Grant of 2,57,784 Performance Stock Options (“Options”) under the ‘Bajaj Electricals Limited - Performance Stock Option Plan 2023’ (“PSOP Plan 2023”) to 201 eligible employees of the Company.
2.	The PSOP Plan 2023 is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity)Regulations,2021.	The 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	2,57,784 Options and consequently 2,57,784 fully paid-up equity shares of Rs.2/- (Rupees Two only) each, subject to the terms and conditions specified in the PSOP Plan 2023.
4.	Pricing formula	The exercise price of the options shall be equal to the face value of the equity share of the Company, i.e., Rs.2/- per equityshare.
5.	Options Vested	Not Applicable.
6.	Time within which option may be exercised	The exercise period shall be two (2) years from the date of respective vesting of options, except for events specified in the PSOP Plan 2023.
7.	Options Exercised	Not Applicable.
8.	Money realized by exercise 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	The significant terms of the 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 Company’s website: https://www.bajajelectricals.com/pages/investors
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

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Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400 001 Tel: +91 22 6110 7800 | Email: legal@bajajelectricals.com | CIN: L31500MH1938PLC009887