Bajaj Electricals Ltd. — Share Issue/Capital Change 2025

Feb 4, 2025

February 4, 2025

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To, BSE Limited

: Scrip Code – 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

Dear Sir/Madam,

Sub.: Grant of 1,645 Stock Options under the ‘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 (the “Company” ), at its meeting held today, i.e., on February 4, 2025, has approved the grant of 1,645 Stock Options under the PSOP Plan 2023 to one (1) eligible employee of the Company in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The details of the above grant, as per the provisions of the SEBI circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, are enclosed herewith as Annexure A .

We request you to take the above on record and treat it 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: 2025.02.04 10:03:51 +05'30'

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

Encl.: As above.

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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: legal@bajajelectricals.com | CIN: L31500MH1938PLC009887

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Annexure A

Pursuant to Regulation 30 of SEBI Listing Regulations (read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023):

Sr.No.	Particulars	Details
1.	Brief details of options granted	Grant of 1,645 Performance Stock Options (“Options”)under the ‘Bajaj Electricals Limited - PerformanceStock Option Plan 2023’ (“PSOP Plan 2023”) to one (1)eligible employee of the Company.
2.	Whether the scheme is in termsof SEBI (Share Based EmployeeBenefits 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 coveredby these options	1,645 Options and consequently 1,645 fully paid-upequity shares of Rs.2/- (Rupees Two only) each, subjectto the terms and conditions specified in the PSOP Plan2023.
4.	Pricing formula	The exercise price of the options shall be equal to theface value of the equity share of the Company, i.e.,Rs.2/-per equityshare.
5.	Options Vested	Nil
6.	Time within which option maybe exercised	The exercise period shall be two (2) years from the dateof respective vesting of options, except for eventsspecified in the PSOP Plan 2023.
7.	Options Exercised	Not Applicable.
8.	Money realized by exercise ofoptions	Not Applicable.
9.	The total number of sharesarising as a result of exercise ofoption	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 aredisclosed in the Explanatory Statement forming part ofthe Postal Ballot Notice dated November 6, 2023,which can be accessed at the following link on theCompany’s website:https://www.bajajelectricals.com/media/7760/postal-ballot-notice-of-bajaj-electricals-limited-dated-november-6-2023.pdf
13.	Subsequentchangesorcancellation or exercise of suchoptions	Not Applicable.
14.	Diluted earnings per sharepursuant to issue of equityshares 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

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