Bajaj Electricals Ltd. — Capital/Financing Update 2021

Feb 18, 2021

February 18, 2021

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

: Code No. 500031

National Stock Exchange of India Limited Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051

: BAJELEC - Series: EQ BAJ21A -Series A NCDs INE193E08038 BAJ21-Series B NCDs INE193E08020 BAJ22 -Series C NCDs INE193E08012

Dear Sir/Madam,

Sub: Intimation of payment of interest/premium and redemption of the principal amount in respect of the Series A Listed Unsecured Redeemable Non-Convertible Debentures issued by Bajaj Electricals Limited (the "Company") on private placement basis at a face value of Rs. 10,00,000 each ("NCDs")

This is in continuation of our letters dated January 19, 2021 and February 12, 2021, wherein the Company had intimated the record date and date of payment of interest/premium and redemption of the principal amount in respect of said NCDs.

Pursuant to Regulation 57(1), or any other applicable provisions, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), and the terms of issue as enumerated in the Information Memorandum dated February 18, 2019 ("IM") of the said NCDs, the Company hereby confirms/certifies that timely payment has been made today, i.e. on February 18, 2021, of the amounts due on the aforesaid NCDs, details of which are provided hereinbelow:

Security Details(ISIN)	No. ofSecurities	Record Date	Date of Paymentof Interest/Premium	Date ofRedemption ofPrincipal Amount	Total AmountPaid [PrincipalAmount +Interest/Premium]
INE193E08038	350 NCDs	February 4, 2021	February 18, 2021	February 18, 2021	Rs.43,38,70,639/-
Note: Since the redemption date (i.e. February 19, 2021) in respect of the said NCDs fell on a day which is not a BusinessDay, the payment(s) due was made on the previous Business Day (i.e. February 18, 2021) as per the terms of IM.

We request you to take the above on record and the same be treated as compliance under the provisions of the SEBI Listing Regulations and any other provisions as applicable in this regard.

Thanking you,

AJAY

Yours Faithfully, For Bajaj Electricals Limited

SURESH Digitally signed by AJAY SURESH NAGLE Date: 2021.02.18 14:05:49 +05'30'

Ajay Nagle EVP and Head – Legal & Company Secretary NAGLE

Cc: i) Axis Trustee Services Limited

• ii) National Securities Depository Limited
• iii) Central Depository Services (India) Limited
• iv) Link Intime India Private Limited