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Bajaj Electricals Ltd. — Capital/Financing Update 2025
Aug 7, 2025
60535_rns_2025-08-07_3d1134b4-8739-41a2-8fe2-16fe2f313a23.pdf
Capital/Financing Update
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August 7, 2025
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To, BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001.
: Code No. 500031
National Stock Exchange of India Limited : BAJAJELEC - Series: EQ
Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Sub.: Grant of 2,50,247 stock options under ‘Bajaj Electricals Limited- Performance Stock Option Plan 2023’ (“PSOP Plan 2023”)
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we wish to inform you that the Nomination and Remuneration Committee of the Board of Directors of Bajaj Electricals Limited (“Company”), at its meeting held today, i.e., on August 7, 2025, has approved the grant of 2,50,247 Stock Options under the PSOP Plan 2023 to 194 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 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.
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: 2025.08.07 10:25:20 +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 Registered Office: 45/47, Veer Nariman Road, Fort, Mumbai 400 001 Tel: +91 22 6110 7800 | Email: [email protected] | CIN: L31500MH1938PLC009887
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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 2,50,247 Performance Stock Options (“Options”)under the ‘Bajaj Electricals Limited - Performance StockOption Plan 2023’ (“PSOP Plan 2023”) to 194 eligibleemployees of the Company. |
| 2. | ThePSOPPlan2023isincompliance with the SEBI (ShareBased Employee Benefits andSweat Equity)Regulations,2021. | The PSOP Plan 2023 is in compliance with the SEBI (ShareBased Employee Benefits and Sweat Equity) Regulations,2021. |
| 3. | Total number of shares covered bythese options | 2,50,247 Options and consequently 2,50,247 fully paid-upequity shares of Rs.2/- (Rupees Two only) each, subject tothe terms and conditions specified in the PSOP Plan 2023. |
| 4. | Pricing formula | The exercise price of the options shall be equal to the facevalue of the equity share of the Company, i.e., Rs.2/- perequityshare. |
| 5. | Options Vested | Not Applicable. |
| 6. | Time within which option may beexercised | The exercise period shall be two (2) years from the date ofrespective vesting of options, except for events specified inthe PSOP Plan 2023. |
| 7. | Options Exercised | Not Applicable. |
| 8. | Money realized by exercise ofoptions | Not Applicable. |
| 9. | The total number of shares arisingas 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 disclosedin the Explanatory Statement forming part of the PostalBallot Notice dated November 6, 2023, which can beaccessedattheCompany’swebsite:https://www.bajajelectricals.com/pages/investors |
| 13. | Subsequentchangesorcancellation or exercise of suchoptions | Not Applicable. |
| 14. | Dilutedearningspersharepursuant to issue of equity shareson 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: [email protected] | CIN: L31500MH1938PLC009887