AI assistant
Bajaj Electricals Ltd. — Interim / Quarterly Report 2026
Feb 9, 2026
60535_rns_2026-02-09_afc36aa7-ef7c-47bf-a90a-2273d3836391.pdf
Interim / Quarterly Report
Open in viewerOpens in your device viewer
•>
Electricals BA.JA.J
L-1 /0005/PD/PG
February 9, 2026
To,
SSE 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, Sandra Kurla Complex, Sandra (East), Mumbai 400 051
Dear Sir/Madam,
Sub.: Outcome of the Board Meeting of Bajaj Electricals Limited ("Company") held today i.e. Monday, February 9, 2026 ("Meeting")
A. Unaudited Financial Results of the Company for the third quarer and nine months p_eriod ended December 31, 2025:
Further to our letter dated January 27, 2026, and 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"), and based on the recommendation of the Audit Committee of the Board of Directors, we enclose herewith the Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months period ended December 31, 2025, along with the Limited Review Reports provided by the Statutory Auditors thereon, as Annexure 'A', which were approved and taken on record by the Board of Directors at its Meeting held today.
B. Appointment of Mr. Pramod Agrawal (DIN: 0Q727) as an additi.ona[l] independent dit_e_ctor of the Company:
Based on the recommendation of the Nomination and Remuneration Committee of the Board of Directors and subject to the approval of the shareholders, the Board of Directors, at its Meeting held today, has approved the appointment of Mr. Pramod Agrawal (DIN: 00279727), as an Additional Director in the category of Independent Director of the Company, not liable to retire by rotation, for a term of five (5) years, with effect from February 9, 2026.
To the best of our knowledge and information, and as confirmed by Mr. Prap,od Agrawal, he
==> picture [115 x 105] intentionally omitted <==
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400 Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maha Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
-> BA.JA.J
Electricals
has not been debarred from holding the office as a Director of the Company, by virtue of an Order passed by the Securities and Exchange Board of India or any other authority.
Further, as affirmed by him, he is not disqualified from holding the office as a Director pursuant to the provisions of Section 164 of the Companies Act, 2013.
The approval of the shareholders for the aforesaid proposal will be sought by way of Postal Ballot, and the requisite details regarding the Postal Ballot will be communicated in due course.
The details/disclosures, as required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/l/3762/2026 last updated on January 30, 2026 ("SEBI Circular"), are provided in Annexure 'B'.
C. Approval and Ratification of the Payment of Minimum Remuneration to the Direc:_s for FY 2025-26, in case of Absence /..Inadequate Profits:
As a matter of prudence, and based on the recommendation of the Nomination and Remuneration Committee and the Audit Committee, and subject to the approval of the shareholders, the Board of Directors, at its Meeting held today, has considered a scenario where, for the full financial year, the profits may be inadequate or absent, and therefore has approved, ratified, and confirmed the remuneration paid and/or payable to the Directors for FY 2025-26 as minimum remuneration, in accordance with the terms of their respective appointments, including, in particular, remuneration paid and/or payable to them for FY 2025-26 in excess of the limits prescribed under the provisions of Section 197 read with Schedule V of the Companies Act, 2013 ("Act"), calculated in accordance with the applicable provisions of the Act, in view of the inadequacy or absence of profits, and further approved the waiver of recovery of the aforementioned excess amount from them, to the extent it exceeds the statutory limits laid down under the Act, and also approved the consequential retention thereof by them.
The approval of the shareholders for the aforesaid proposal will be sought by way of Postal Ballot, and the requisite details regarding the Postal Ballot will be communicated in due course.
D. Sale of Office Premises at Rustomjee Aspiree, Sion, Mumbai:
As no business operations are being carried out through the following Company-owned office premises in the building known as "RUSTOMJEE ASPIREE", situated at Anik Wadala Link Road, Sion (East), Mumbai - 400 022: (i) Office No. 001, Ground Floor, admeasuring 3,112 sq. ft. carpet area, along with four (4) car parking spaces at podium level ("Ground Floor Property"); and (ii) Office No. 502, Fifth Floor, admeasuring 5,130 sq. ft. carpet area,•, along with six (6) car parking spaces at podium level ("Fifth Floor Prope
==> picture [103 x 104] intentionally omitted <==
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 4 Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
Electricals
-> BAJAJ
referred to as the "Sion Office Properties", based on the approval/recommendation of the Audit Committee, and subject to such other approvals as may be required in this regard, the Board of Directors, at its Meeting held today, has approved the sale of these Sion Office Properties, together with all furniture and other assets lying therein, on an "as is, where is" basis, for an aggregate cash consideration of Rs. 26.53 crore (excluding duty, charges, costs, and charges towards necessary approvals and other incidental expenses, if any/applicable) to: (i) Bajaj General Life Insurance Limited, purchaser of the Ground Floor Property at Rs. 9.94 crore; and to (ii) Bajaj Life Insurance Company Limited, purchaser of the Fifth Floor Property at Rs. 16.59 crore.
The aforesaid sale of the said Sion Office Properties does not constitute as an undertaking or substantially the whole of the undertaking for the Company in terms of section 180(1 )(a) of the Companies Act, 2013, and the same will not have any impact on the business or financial operations of the Company.
The details/disclosures, as required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Circular, are provided in Annexure 'C'.
We request you to take the above on record and treat it as compliance under the applicable provisions of the SEBI Listing Regulations, if any.
The Meeting commenced at 11 :30 a.m. and concluded at 14:25 p.m.
Thanking you,
Yours faithfully, For Bajaj Electricals Limited �� Prashant Dalvi Chief Compliance Officer & C (ICSI Membership No.: A51129)
Encl as above.
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
Annexure A
SR BC& COLLP Chartered Accountants
12th Floor, The Ruby 29 Senapati Bapat Marg· Dadar (West) Mumbai - 400 028, India
Tel: +91 22 68i9 8000
Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Bajaj Electricals Limited
-
We have reviewed the accompanying statement of unaudited standalone financial results of Bajaj Electricals Limited (the "Company") for the quarter ended December 31, 2025 and year to date April 01. 2025 to December 31, 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the " Listing Regulations").
-
The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the
Companies Act. 2013 as amended, 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 Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
-
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
-
Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement. prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('I nd AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
Fors R BC & co LLP Chartered Accountants
ICAI Firm registration number: 324982E/E300003
Aruna Kumaraswamy Partner Membership No.: 219350 UDIN: 2.,2.1�3s0Lkv�AS2.602.. Mumbai, February 09, 2026
==> picture [87 x 87] intentionally omitted <==
Page 1 of 1
SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB·4318 Regd. Office : 22, Camac Street, Block 'B', 3rd Floor, Kolkata-700 016
Bajaj Electricals Limited
CIN: L31500MH1938PLC009887
Registered Office: Mulla House. 2nd Floor. 51, Mahatma Gandhi Road. Fort, Mumbai -4000 1, Maharashtra, India Tel. 022-61497000 Website: hltp:/twww.bajajelectricals.com Email: [email protected]
STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 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) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Quarer ende | d | Nine months ended Year ended |
||||||||
| Sr.No | . Pariculars |
31-Dec-25 30-Sep-25 |
31-Dec-24 | 31-Dec-25 31-Dec-24 31-Mar25 |
||||||
| (Unaudited) (Unaudited) |
(Unaudited) | (Unaudited) (Unaudited) (Audited) |
||||||||
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 |
Revenue from operatons (a) Net sales (b) Other operating income Total Revenue from operations Other income Total Income (1 + 2) Expenses (a} Cost of raw materials consumed (b) Purchase of tade goods (c} Changes in inventories of finished goods, wrk-in-progress and traded goods (d) Erection & Subcontracting Expenses (e) Employee benefrts expense (f) Depreciation and amortisation expense (g) Olher expenses (h) Finance Costs Total Expenses Profit I (loss) before excepional items and before tax (3. 4) Exceotional Items (refr note 1) Profit I (loss) bfore tax (5 + 6) Tax Expense/ (Credit) Current Tax Deferred Tax (refer note 2) Total Tax Expense I (Income) Net Prft I (Loss) for the priod_I_year (7 - 8) Other comprehensive Income / (loss), net of income tax Items that will be reclassifed to proft or loss (net of tax) Items that 'Ii not be reclassifed to proft or loss (net of tax) Total other comprehensive IncomeI(loss), net of income tax Total comnrehensive income/ tlossl for the oriod / vear 19 + 101 Paid-up equity share capital (Face value of Rs. 2 / ) Reserve excluding revaluation reserves Netwrl Earings Per Share jnot annualised) (Face value of Rs 2-l Basic before excepHonal items Diluted before exceptional items Basic afer exceptonal items . Diluted afer exceptoal items |
104,830 261 110,27 44 |
0 4 |
128,63 34 128 97 |
1 1 2 |
321,023 355,318 481,591 1 241 978 1 252 322.264 356 296 482 843 |
||||
| 105 091 11071 |
4 | |||||||||
| 1 459 78 |
2 | 1 27 | 9 | 5 275 3 860 **5 478 ** |
||||||
| 106 550 111 49 |
6 | 130 25 | 1 | 327 539 360 156 488 321 |
||||||
| 13,500 55,244 3,242 1,165 9,110 3,500 21,539 1 278 12,238 5,309 6,470 528 10,659 3,676 18,320 1 269 |
13,98 72,28 1,63 89 9,94 3,60 21,48 1 87 125 70 |
6 8 5 3 8 8 0 1 |
38,072 41,141 54,852 166,791 201,022 271,781 14,568 1,211 2,887 2,706 2,844 3,893 29,670 28,503 37,999 10,893 10,283 14,407 59,642 60,131 80,686 4305 5 178 6 985 |
|||||||
| 108.578 109.469 |
9 | 326 647 | 350 313 | 473 490 | ||||||
| (2,028) 12 8891 14917 2,027 2,027 |
4,54 | 2 | 892 **(3 557) ** |
9,843 |
14,831 **2,137 ** |
|||||
| 7 2,027 |
4,54 | 2 | 12665 9 843 |
**16,968 ** | ||||||
| (5,029) 3 033 83 r27 |
8 41 4 1,501 [29 1 20 |
**51 ** |
(4,114) 3,383 2,743 **1977) ** |
4,951 **11 3251 ** |
||||||
| {99) 56 |
6 | **11 3711 ** | 2,406 |
3 626 | ||||||
| 3 3 336 |
**11,291 ** |
7,437 |
13 342 | |||||||
| 12,9211 1 46 |
||||||||||
| 120 16 |
2 | 282 | 294 | 158 | ||||||
| 120 | ~~.. ~~ | ~~,~~ | 282 29• 11 0121 7 731 1.19 6.45 1.18 6.44 (1.12) 6.45 (1.12) 6.44 |
158 13.500 2,307 152,774 157,271 9.64 9.63 11.57 11.56 |
||||||
| 12,8011 (0.66) (0.6) (2.53) (2.52) 1.625 1.27 1.26 1.27 1.26 3 33 2.89 2.89 2.89 2.89 |
6 |
==> picture [130 x 60] intentionally omitted <==
----- Start of picture text -----
SIGNED FOR IDENTIFICATION
BY
SR BC & CO LLP
MUMBAI
----- End of picture text -----
==> picture [128 x 107] intentionally omitted <==
Notes to the stand.Jone financial results·
| **tes ** | to th stand.Jone financial rsults· | |||||
|---|---|---|---|---|---|---|
1) |
Exceptional items: |
Quarer ended Nine months ended |
||||
| Pariculars | Year ended | |||||
| 31-Dec-25 30-Sep-25 31-Dec-24 |
31-Dec-25 31-Dec-24 |
31-Mar25 (Audited) |
||||
| (Unaudited) (Unaudited) (Unaudited) |
(Unaudited) (Unaudied) |
|||||
| Proft on liquidaton of few immovablepropertis | 3,013 | |||||
| Voluntary retirement scheme for Nashik Factor, Maharashta | (876) | |||||
| Ex-gratia for Nashik Factory, Maharashta | (668) | |||||
| New labour codes • | (2,889) | (2,889) | 2,137 | |||
| Total exceptional items | (2,889) | (3,557) |
-
The Government of India has notified the Code on Wages, 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Heallh and Working Conditions Code, 2020 (collectively, "Labour Codes") on November 21, 2025. Based on the revised definttion of wages under lhe Labour Codes, lhe Company has recognized an estimated additkmal expense of Rs. 2,889 lakhs towards gratuity and leave encashment as an exceptional item in the Statement of Profit and Loss for the quarter and nine months ended December 31, 2025. This impact is subject to final rules and requisite approvals. The Ministry is in the process of notifying related rules to the New Labour Codes and impact of those will be evaluated and accounted for in the period in which they are notified. The Company is in the process of reassessing and implementing policy changes to its existing employee benefit po�cies.
-
Pursuant to change in tax rate on long term capital gain and withdrawal of the indexation benefit on long term capital gains on enactment of the Finance Act, 2024, the Company had reassessed deferred tax asset/ liabilities on land which have been fair valued in earlier years resulting in a net reduction of Rs. 216 lakhs considered as a one time cumulative true up while computing the profit aner tax for the year ended March 31, 2025.
-
3[) ] The above standalone results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on February 09, 2026.
-
4) These standalone financial results are available on the Company's website viz. www.bajajelectricals.com and on the websites of BSE (ww .bseindia.com) and NSE (www.nseindia.com).
==> picture [123 x 61] intentionally omitted <==
----- Start of picture text -----
SIGNED FOR IOENTIFICATIO
BY �
SR BC & CO LLP
MUMBAI
----- End of picture text -----
==> picture [100 x 100] intentionally omitted <==
' J,.... .
Bajaj Electricals Limited
GIN : L31500MH1938PLC009887 Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel. 022-61497000 Website : http:/ www.bajajelectricals.com Email : [email protected]
STANDALONE SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2025
| (Rs. In Lakhs) | (Rs. In Lakhs) | ||||
|---|---|---|---|---|---|
| Sr. No |
Particulars |
Quarer ended 31-Dec-25 30-Seo-25 31-Dec-24 !Unaudited (Unaudited) **!Unaudited) ** |
Nine months ended Year ended |
||
| 31-Dec-25 | 31-Dec-24 31-Mar-25 |
||||
Wnauditedl |
!Unaudited) **(Audited! ** |
||||
| 1 2 3 4 |
Segment Revenues A) Consumer Products B) Lighting Solutions Revenue from Operations Segment Profit/ (Loss) before Tax and Finance cost A) Consumer Products B) Lighting Solutions Less: A) Finance Cost B) Other un-allocable expenditure net of unallocable income ProfitI(Loss) before exceptional items and before tax Excptional items (refer note 1) Profit/ (Loss) before tax Segment Assets A) Consumer Products B) Lighting Solutions C) Unallocable/ Corporate Assets Total Segment Liabilities A) Consumer Products B) Lighting Solutions C) Unallocable/ Corporate Liabilities Total |
77,681 83,303 103,845 241,68 281,188 27,410 27,411 25,127 80,580 75,108 105,091 110,714 128,972 322,264 356,296 (3,599) 744 5,199 (4,215) 8,393 1,865 2,177 528 6,761 4,630 (1,734) 2,921 5,727 2,546 13,023 1,278 1,269 1,871 4,305 5,178 (984) (375) (686) (2,651) (1,998) (2,028) 2,027 4,542 892 9,843 (2,889) - {3,557 (4,917) 2,027 4,542 (2,665) 9,843 194,919 222,508 247,056 194,919 247,056 60,451 59,561 53,756 60,451 53,756 117,904 93,366 96,324 117,904 96,324 373,274 375,435 397,136 373,274 397,136 158,930 160,376 191,280 158,930 191,280 50,074 50,306 45,309 50,074 45,309 12,075 9,928 10,815 12,075 10,815 380,589 102,254 482,843 12,291 6,752 19,043 6,985 (2,773) 14,831 2,137 16,968 251,434 54,212 99,648 405,294 192,721 45,905 10,778 |
|||
| 221,079 | 220,610 247,404 221,079 247,404 249,404 |
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 (B2C).
==> picture [500 x 100] intentionally omitted <==
----- Start of picture text -----
-
By Order of the Board of Directors � --�CTFVc
SIGNED FOR IDENTIFICATION for Bajaj Electricals Limited ') "I( u)
BY
-r Mulla House (' �
-AL <(' M. G, Road J � [1 ]
�
SR BC & CO LLP - OJ 51, * '
Place : Mumbai MUMBAI Shekhar Bajaj
Date : F eburary 09. 2026 Chaimnan �S�t-401
-
----- End of picture text -----*
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 Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
Review Report to The Board of Directors Bajaj Electricals Limited
-
We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Bajaj Electricals Limited (referred to as "Holding Company) its associate and joint venture (together referred to as "the Group") for the quarter ended December 31, 2025 and year to date April 01, 2025 to December 31, 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations").
-
The Holding Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, 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 Statement has been approved by the Holding Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review.
-
We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
We also performed procedures in accordance with the Circular No. CIR/CFD/CMDl/44/2019 dated March 29, 2019 issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.
- The Statement includes the results of the following entities
| The Statement includes the results of the following entities | |
|---|---|
| Name of the Entity | Relationship |
| BajajElectricalslimited | Holding Company |
| Hind Lamps Private Limited (Formerly known as Hind Lamps Limited) |
Associate |
| BajajElectricalsLimitedEmployees' Welfare Funds | Joint venture |
- Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the
�==----
Page 1 of 2
SR BC & CO LLP, a Limited Liability Partnership with LLP Identity No. AAB-4318 Regd. Office: 22, Camac Street, Block '8', 3rd floor, Kolkata-700 016
SR BC& CO LLP Chartered Accountants
Bajaj Electricals Limited Limited review report for consolidated financial results
Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.
- The accompanying Statement includes the unaudited interim financial results and other financial information, in respect of 5 joint ventures, whose unaudited interim financial results include Group's share of net loss of Rs. 489 lakhs and Rs 1,039 lakhs and Group's share of total comprehensive loss of Rs. 285 lakhs and Rs 421 lakhs for the quarter ended December 31, 2025 and for the period ended as on date respectively, as considered in the Statement whose interim financial results, other financial information have been reviewed by their respective independent auditors.
The independent auditor's reports on interim financial results of these entities have been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures in respect of these joint ventures is based solely on the report of such auditors and procedures performed by us as stated in paragraph 3 above.
- The accompanying Statement includes the unaudited interim financial result and other unaudited interim financial information, in respect of 1 associate, whose unaudited interim financial result include Group's share of net profit of Rs. 0.00 lakhs and 0.00 lakhs and Group's share of total comprehensive income of Rs. 0.00 lakhs and 0.00 lakhs for the quarter ended December 31, 2025 and for the period ended as on date respectively, as considered in the Statement.
The unaudited interim financial result and other unaudited interim financial information of this associate have not been reviewed by their auditor and have been approved and furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the affairs of this associate, is based solely on such unaudited interim financial results and other unaudited interim financial information. According to the information and explanations given to us by the Management, this unaudited interim financial result and other unaudited interim financial information are not material to the Group.
Our conclusion on the Statement in respect of matter stated in para 6 and 7 above is not modified with respect to our reliance on the work done and the reports of the other auditors and the financial results certified by the Management.
For S R BC & CO LLP Chartered Accountants ICAI Firm registration number: 324982E/E300003
==> picture [115 x 48] intentionally omitted <==
Per Aruna Kumaraswamy Partner Membership No.: 219350 U[DI] N: 1G2.1�35'0'V"TW'fAST�2., Mumbai, February 09, 2026
Page 2 of 2
Bajaj Electricals Limited
CIN: L31500MH1938PLC009887
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India Tel. 022-61497000 Website: http://www.bajajelectricals.com Email: [email protected]
CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2025
| (Rs. In Lakhs except per shar data) |
(Rs. In Lakhs except per shar data) |
(Rs. In Lakhs except per shar data) |
(Rs. In Lakhs except per shar data) |
(Rs. In Lakhs except per shar data) |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sr.No | . | Pariculars | 31-Dec-25 (Unaudited) |
Quarer ende | d | Nine months endd Year ended |
||||||
| 30-Sep-25 | 31-Dec-24 | 31-Dec-25 31-0ec-24 31-Mar-25 (Unaudied) (Unaudied) (Audied) |
||||||||||
| (Unaudited) | (Unaudited) |
|||||||||||
| 1 2 3 4 5 6 7 8 9 10 11 12 13 |
Revenue from operations (a) Net sales (b) Other operating income Total Revenue from operations Other income Totl Income (1 + 21 Ejpenses (a) Cost of raw materials consumed (b) Purchase of traded goods (c) Changes in inventories of fnished goods, work-In-progress and traded goods (d) Erection & Subcontracting Expnses (e) Employ ben4frs expense (f) Depreciation and amortisation expense (g) Other expenses (h) Finance Costs Total Expnses ProfitI!loss) berore exceptional items, share of profitI!loss) of an associate and joint ventures and before tax (3 - 41 Exceptional Items {refer note 1) Profit/ (loss) before shar or profitI(loss) of an associate and joint ventures and before tax (5 + 6) Share of ProftI(Loss) or an associate and joint ventures (Refer note 3 and 4) ProfrtI(loss) before tx (7 + BJ Tax ExpenseI{Credit) Current Tax Defrred Tax (refer note 2) Total Tax Expense/ (Income) Net ProfitI(Loss) forthe period_I_year (9 - 1 DI Olher comprehensive income/ (loss), net of income tax Items that will be reclassified to proft or loss (net of tax) Items that will not be reclassifed to prom or kss (net of tax) (refer 3 and 4} Total other comprhensive IncomeI(loss), net of income tax Total comprehensive Incom_I_Uoss] for thepriod_I_year(11 + 12) |
104,830 261 |
110,27 444 |
0 128,63 34 |
1 1 321,023 355,31 1,241 **97 ** |
8 8 |
481,591 1,252 |
|||||
| 105 091 | 110,714 | 128 97 |
2 322,264 |
356 29 | 6 | 482.843 | ||||||
| 1,459 | 782 |
1,27 |
9 5,275 |
3,86 | 0 5,478 |
|||||||
| 106,550 | 111.496 |
130,25 |
1 327,539 |
360,15 41,141 201,022 1,21 2,844 28,503 10.283 60,13 5,17 |
6 488,321 54,852 271,781 1 2,887 3,893 37,999 14,407 1 80,686 8 6,985 |
|||||||
| 13,500 55,244 3,24 1,165 9,110 3.500 21,539 1,278 |
12,238 56,309 2 6.470 528 10,659 3,676 18,320 1,269 |
13,986 72,28 1,63 893 9,948 3,608 21,480 1,87 |
8 5 1 38,072 166.791 14,566 2,706 29,670 10,893 59,642 4,305 |
|||||||||
| 108,578 | 109,469 |
125,709 | 326,647 |
350,313 | 473,490 |
|||||||
| (2,028) 2,027 |
4,542 |
892 |
9,843 | 14,831 2.137 |
||||||||
| 12,889) (4,917) |
) | (3,557~~)~~ | ||||||||||
2,027 |
4,542 |
(2,665) | 9,843 | 16,968 |
||||||||
| (489) | (477) | (1,039) | ||||||||||
| (5,4061 1,550 |
4,542 | (3,704) | 9,843 | 16,968 |
||||||||
| (5,029) 838 3,033 (274 11,996! 564 |
1,501 (295 1,206 |
) (4,114) 2,743 |
3,383 1977 2,406 7,437 |
4,951 ) (1,325) |
||||||||
**(1,371) ** |
3,626 | |||||||||||
| 13,342 | ||||||||||||
| (3,410) | 986 | 3,336 | (2,333] |
|||||||||
| 325 325 |
900 900 |
294 | 158 158 |
|||||||||
| 294 | ||||||||||||
| [3,085 | 1 | 552 | 3,336 | 7,731 | 13,500 |
|||||||
| 14 15 16 17 18 |
Net Profl / (loss) attributable to - Oners - Non<on1rolling interests Total comprehensive incomeI(loss) attributable to -Owners - Non-controlling interests |
(3,410) (3,085) - |
98 552 |
3,336 3,336 - |
7,437 7,731 |
13,342 13,500 |
||||||
| Paid-up equity share capital (Face value of Rs. 2/-) Reserve excluding revaluation reseres Networth Earnings Per Share (not annualised) (Eace value of Rs. 21-1 Basic before exceptional items Diluted before exceptional items Basic afer excepional items Diluted afer exceptinal items |
(1.08) 0.85 2.89 (1.08) 0.85 2.89 (2.95) 0.85 2.89 (2.95) 0.85 2.89 |
0.28 0.28 (2.02) (2.02) |
6.45 6.44 6.45 6.44 |
2,307 169,396 157,271 9.64 9.63 11.57 11.56 |
SIGNED FOR IDENTIFICATION BY SR BC & CO LLP MUMBAI
==> picture [98 x 100] intentionally omitted <==
==> picture [503 x 141] intentionally omitted <==
----- Start of picture text -----
Notes to the consolidoued financial results:
1) Excepliona1 ilems:
Quarter ended Nine months ended Year ended
Particulars 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25
(Unaudited) (Unaudited) (Unaudited I (Unaudited) (Unaudited I (Audited)
Profrt on liquidation of few immovable properties 3,013
Voluntary retirement scheme for Nashik Factory, Maharashtra (876)
Ex-gratia for Nashik Factory, Maharashtra (668)
New labour codes • (2,889) (2,889)
Total exceptional items (2,889) (3,5571 2,137
• The Government of India has notified the Code on Wages. 2019; Industrial Relations Code, 2020; Code on Social Security, 2020; and Occupational Safety, Health and working Conditions Code, 2020
(collectively. "Labour Codes; on November 21, 2025. Based on the revised definition of wages under the Labour Codes, the Holding Company has recognized an estimated additional expense of Rs. 2,889
lakhs towards gratuity and leave encashment as an exceptional item in the Statement of Profit and Loss for the quarter and nine months ended December 31, 2025. This impact is subject to final rules and
requisite approvals. The Ministry is In the process of notifying related rules ta the New L.abour Codes and impact of those will be evaluated and accounted for in the period in which they are notified. The
Holding Company is in the process of reassessing and implementing policy changes to its existing employee benefit policies.
----- End of picture text -----
-
2) Pursuant to change in tax rate an long term capital gain and withdrawal of the indexalion benefit on long term capital gains on enactment of the Finance Act, 2024, the Holding Company had reassessed deferred tax asset/ liabilities on land which have been fair valued in earlier years resulting in a net reduction of Rs. 216 lakhs considered as a one time cumulative true up while computing the profit after tax for the or the year ended March 31, 2025.
-
3) The above consolidated financial results includes Group's share of net loss of Rs. 489 lakhs and Rs. 1,039 lakhs and Group's share of total comprehensive loss of Rs. 285 lakhs and Rs. 421 lakhs, in respect of an associate and joint ventures for the quarter and nine months ended December 31, 2025. respectively.
-
4) Pursuant to revisions in arrangements with respect to the operations, management and beneficial interest of Employee Welfare Trusts, the Holding Company has determined that it has obtained Joint control over the Trusts effective March 31, 2025. Accordingly, the Holding Company had accounted for its interest in the Trust in accordance with the requirements of Ind AS 111 Joint Ar angements, resulting in recognition of the Holding Company's proportionate share in net assets of the Trust at Rs. 16,622 lakhs with a corresponding credit to the Capital Reserve during the quarter ended March 31, 2025.
-
5) The above consolidated results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on Feburary 09, 2026.
-
6) These consolidated financial results are available on the Holding Company's website viz. www.bajajelectricals.com and on the websites of BSE (www.bseindla.com) and NSE (www.nseindia.com).
==> picture [134 x 67] intentionally omitted <==
----- Start of picture text -----
SIGNED FOR IDENTIFICATION
BY �
SR BC & CO LLP
MUMBAI
----- End of picture text -----
==> picture [99 x 99] intentionally omitted <==
Bajaj Electricals Limited
C IN : L31500MH 1938PLC009887
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai-400001, Maharashtra, India Tel. 022-61497000 Website : http:// www.bajajelectricals.com Email : [email protected]
CONSOLIDATED SEGMENTWISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2025
| (Rs. In Lakhs) | (Rs. In Lakhs) | (Rs. In Lakhs) | ||||||
|---|---|---|---|---|---|---|---|---|
| S N 1 2 3 4 |
r. o Pariculars |
Quarer ended 31-Dec-25 30-Sep-25 31-Dec-24 (Unaudited) (Unaudited) (Unaudited) |
Nine m | onths ended Year ended |
||||
30-Sep-25 (Unaudited) |
31-Dec-24 (Unaudited) |
31-Dec-25 (Unaudited) |
31-Dec-24 | 31-Mar-25 | ||||
| (Unaudited) | (Audited) | |||||||
Segment Revenues A) Consumer Products B) Lighting Solutions Revenue from Operations Segment Profit/ (loss) before Tax and Finance Cost A) Consumer Products B) Lighting Solutions Less: A) Finance Cost B) Other un-allocable expenditure net of unallocable income Profit/ (loss) before exceptional items, shar of profit/ (loss) of an associate andjointventurs and before tax Exceptional Items (refer note 1) Profit I (loss) before shar of proft/ (loss) of an associate and joint ventures and before tax Share of Profit/ (Loss) of an associate and joint ventures (Refer note 3 and 4) Proft/ (loss) befor tx Segment Assets A) Consumer Products B) Lighting Solutons C) Unallocble/ Corporate Assets (refer note4) Total Segment Llabllltles A) Consumer Producs B) Lighting Solutions CJ Unallocble/ Corporate Liabilities Total |
77,681 83,303 103,845 27,410 27,411 25,127 105,091 110,714 128,972 (3,599) 744 5,199 1,865 2,177 528 |
241,684 80,580 322,264 (4,215) 6,761 |
281,188 75,108 380,589 102,254 |
|||||
| 356,296 8,393 4,630 |
482,843 12,291 6,752 |
|||||||
| (1,734) 1,278 (984) |
2,921 1,269 (375) |
5,727 2,546 1,871 4,305 (686) (2,651) |
13,023 5,178 (1,998) |
19,043 6,985 (2,773) |
||||
| (2,028) (2,889) |
2,027 4,542 - |
892 (3,557) |
14,831 2,137 16,968 |
|||||
| (4,917) (489) |
2,027 4,542 (477) |
|||||||
| (5,406) 194,919 60,451 134,104 |
1,550 4,542 222,508 247,056 59,561 53,756 109,851 96,324 |
(3,704) 9,843 194,919 247,056 60,451 53,756 134,104 96,324 |
16,968 251,434 54,212 116,270 |
|||||
| 389,474 158,930 50,074 12,075 |
391,920 397,136 160,376 191,280 50,306 45,309 9,928 10,815 |
421,916 192,721 45,905 10,778 |
Note:
The Group pursuant to the provisions of Ind AS 108, identified its business segments as its primary reportable segments, which comprises of Consu d Lighting Solutions. "Consumer Products" includes Appliances, Fans and Morphy Richards. 'Lighting Solutions" includes Professional Lighting (B2B) and Cons t UliNkl9 fi � SIGNED FOR IDENTIFICATION BY for Bajaj Electricals Limited By Order of the Board of DirectoI, <( "j � � Mulla House "'I( 0** ) ("" � SR BC & CO LLP �\C _G.--0_ .. a:i 51, M. G, Road, !=:J* * Place : Mumbai MUMBAI Shekhar Bajaj �V, �" �eAI - 400 �** Date : Februarv 09, 2026 Chairman
•>
Electricals
BAJAJ
An.nexure B
~~eursua~~ nt t ~~o Regulation~~ 30 of SEBI Listing Regulations (read with SEBLMs[t] e[r ] C[ir] cuutL� HO/49/14/14(7)202�5=CFD-POD2/l/3262/2026 last up_d_at_ect on January 30, 2026).: ~~Antme~~ nt of Mr. Pramod Agrawal (DI�: 00279727) as an additional independer director of the ~~company:~~
| 1 . 2. |
Reason for change viz. appointment, r Based on the recommendation of the appointment, Fesigntion, Femoval, death Nomination and Remuneration Committee, Of otherwise; and subject to the approval of the Date of appointmentf shareholders by way of postal ballot, the ~~appointmentcessation (as applicable)~~ Board of Directors at its Meeting held today |
|---|---|
& term of appointment/re appointment; i.e. on Februar 9, 2026, has approved the Brief Profile (in case of appointment) appointment of Mr. Pramod Agrawal(DIN: 00279727), as an additional director in the category of Independent Director of the Company, not liable to retire by rotation, for a term of five (5) years, with effect from February 9, 2026. Mr. Pramod Agrawal is the former Chairman and Managing Director ('CMD') of Coal India Limited. He has served as Joint Secretary in the Department of Disinvestment, Ministry of Finance, Government of India. He has about three decades of administrative experience as an IAS Officer in varied fields at State as well as Central level. Mr. Agrawal has worked as Principal Secretary in Government of Madhya Pradesh in different departments directly linked with public welfare. He served as CMD of Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited, CEO of Madhya Pradesh Rural Road Development Authority and District Collector, Morena & Mahasamund. He also serves on the Boards of Tata Steel Limited, Infrastructure Leasing & Financial Services Limited and Century Plyboards (India) Limited. He is also a distinguished |
|
| 3. | Brief Profile (in ca |
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
•>
Electricals
BAJAJ
| visiting professor at the Indian Institute of Management, Ranchi. Mr. Agrawal has completed B. Tech (Civil) in 1986, from IIT Mumbai and M. Tech (Design Engineering) in 1988, from IIT Delhi. Mr. Agrawal has core competency in the field of project management, strategic alliances, tactical planning, and highstake negotiations. He has been professionally trained in Project Appraisal and Risk Management from Duke University, Raleigh, USA, Management of Technical Cooperation Projects from ITCILO Turin, Programme on Infrastructure, Development and Financing from IIM Ahmedabad, and Infrastructure Planning and Management from IIM Bangalore, and Study on Road Management Policies and Practices from Royal Melbourne Institute of Technology, Melbourne. |
|
|---|---|
| 4. | Disclosure of relationships between directors (in case of appointment of a director). Mr. Pramod Agrawal is not related to any member of the Board of Directors, Key Managerial Personnel, or Promoters of the Company. |
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
-> Electricals BAJAJ
An□.exure C
e.rsuant to_B_lation 30 oLSEBI lS�Regulations (reJt.LM_a Circula[�� tlO/49/14/14(7)2025-CFD211LL2-026 last up_dated onJ ao.r-.3.,_2026:
SiQ. j__f.t.Ru_s_tmjee_Aspiree,_Sion, Mumb.t
| Sr. No. 1. 2. 3. Particulars name(s) of parties with whom the agreement is entered Purpose of entering into the agreement Size of agreement |
Ground Floor Property (i) Bajaj General Life Insurance Limited_(formerly known_as Bajaj Allianz General Insurance Company Limited) ("BAGIC")- Purchaser I Buyer (ii) Bajaj Electricals Limited ("Company") - Seller To give efect to the sale of the Company-owned Office No. 001, Ground Floor, admeasuring 3,112 sq. ft. carpet area, in the building known as "RUSTOMJEE ASPIREE", situated atAnik Wadala Link Road, Sion (East), Mumbai - 400 022, along with four (4) car parking spaces at podium level, together with all furniture and other assets lying therein ("Ground Floor Property"), on an "as is, where is" basis, to BAGIC, purchaser of the Ground Floor Property, at Rs. 9.94 crore. Aggregate cash consideration for Ground Floor Property - Rs.9.94 crore (which includes consideration for property - Rs.9.93 crore; and consideration for furniture/assets lying therein - Fifth Floor Property (i) Bajaj General Life Insurance Limited_(formerly known as_ Bajaj Allianz General Insurance Company Limited) ("BALIC") - Purchaser / Buyer (ii) Bajaj Electricals Limited ("Company") - Seller To give effect to the sale of the Company-owned Office No. 502, Fifth Floor, admeasuring 5,130 sq. ft. carpet area, in the building known as "RUSTOMJEE ASPIREE", situated at Anik Wadala Link Road, Sion (East), Mumbai - 400 022, along with six (6) car parking spaces at podium level, together with all furniture and other assets lying therein ("Fifth Floor Property"), on an "as is, where is" basis, to BALIC, purchaser of the Fifth Floor Property, at Rs. 16.59 crore. Aggregate cash consideration for Fifth Floor Property - Rs.16.59 crore (which includes consideration for property - Rs.16.50 crore; and consideration for furniture/assets lying therein - |
|---|---|
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
•> Electricals BAJAJ
| Rs.0.01 crore). | Rs.0.01 crore). | Rs.0.01 crore). | Rs.0.09 crore). ~~'~~ |
|---|---|---|---|
| 4. Shareholding, if any, in the entity with whom the agreement is executed Excluding_ duty, charges, costs, and charges towards necessary approvals and other incidental expenses. Nil. _Excluding duty, charges, costs, and charges towards necessar approvals and other incidental expenses. Nil. |
|||
| 5. 6. 7. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc. Whetherthesaid parties arerelated to promoter I promotergroup_I_ group companies in any manner. If yes, nature of relationship Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length" Not applicable. Yes. Yes. The above sale of property would fall within related party transaction and the same is being undertaken at "arm's length". Not applicable. Yes. Yes. The above sale of property would fall within related party transaction and the same is being undertaken at "arm's length". |
|||
| 8. | In case of issuance of shares to the parties, details of issue price, class of shares issued |
Not applicable. Not applicable. |
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
•> Electricals
BAJAJ
| 9. | In case of loan Not applicable. agreements, details of lender/borrower, nature of the loan, total amount of loan granted/taken, total amount outstanding, date of execution of the loan agreement/sanction letter, details of the security provided to the lenders / by the borrowers for such loan or in case outstanding loans lent to a party or borrowed party from a become material on a cumulative basis Not applicable. |
|---|---|
| 10. 11. |
Any other Not applicable. disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements,etc. Not applicable. |
| In case of Not applicable. termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): i. name ofparties to Not applicable. |
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887
•> Electricals
BAJAJ
the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details of amendment and impact thereof or reasons of termination and impact thereof. * ---' -' ---- *- -------------_,.__ _ _ ____,
Head Office: 27th Floor, One Unity Center, Senapati Bapat Marg, Prabhadevi (West), Mumbai - 400013. Tel: +91 22 6979 6000 I www.bajajelectricals.com
Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra, India Tel: +91 22 6149 7000 I Email: legal@bajajelectricalscom I CIN: L31500MH1938PLC009887