Bajaj Electricals Ltd. — Capital/Financing Update 2021

Nov 12, 2021

November 12, 2021

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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

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

: BAJELEC - Series: EQ BAJ22 -Series C NCDs INE193E08012

Dear Sir/Madam,

Sub.: Grant of 4,12,500 Stock Options under the Company’s Employee Stock Option Scheme 2015 (“ESOP Scheme 2015”)

The Nomination and Remuneration Committee of the Board of Directors of Bajaj Electricals Limited (the “Company”), at its Meeting held today i.e. November 12, 2021, has approved grant of total 4,12,500 Stock Options under the Company’s ESOP Scheme 2015 to 143 eligible employees at a price of Rs.1,108.95 per option being the closing market price of the Company’s equity share on the National Stock Exchange of India Limited, where the traded volume in the Company’s shares was higher on November 11, 2021 i.e. the date previous to the date of the Committee Meeting. The Stock Options granted are within the Plan Size of 30,27,073 Stock Options as available under the ESOP Scheme 2015.

These options will vest in favour of the grantees over a period of 4 years from the date of grant i.e. November 12, 2021.

We request you to take the above on records.

Thanking you,

Yours Faithfully, For Bajaj Electricals Limited

Digitally signed by AJAY SURESH AJAY SURESH NAGLE NAGLE Date: 2021.11.12 17:33:56 +05'30'

Ajay Nagle EVP and Head – Legal & Company Secretary

Regd. Office: 45/47, Veer Nariman Road, Mumbai 400 001. Tel.: 022-61497000 Email ID: legal@bajajelectricals.com Website: www.bajajelectricals.com Corporate Identity Number (CIN): L31500MH1938PLC009887