Bajaj Electricals logo

Bajaj Electricals CEO, MD, chairman, board of directors and AGM

NSE: BAJAJELECBSE: 500031Consumer DurablesSmall Cap

Last close ₹278.20down ₹0.60 (0.22%)BSE ₹278.05

Share price at the NSE close on 23 Oct 2026. Previous close ₹278.80.

52-week range of traded prices to 23 Oct 2026
₹273.05Low, 23 Oct 2026₹548.50High, 31 Oct 2025
Market cap
₹3,211 Cr832nd largest listed
P/E
Lossover the last 12 months
P/B
2.0
Dividend yield
1.08%
ROE
−2.6%
ROE without one-offs
1.9%
ROCE
3.6%
Debt to equity
0.00
Volume, NSE
2,01,47441.4% delivered

Bajaj Electricals board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonShekhar BajajRelated to the promoter
  • Managing director and CEOSanjay Sachdeva
  • Company Secretary and Compliance OfficerPrashant Dalvi

10 directors6 independent3 executive1 non-executive

  • Shekhar Bajaj · ChairpersonExecutive · joined Nov 1984 · reappointed Aug 2022 · 5 listed boards · 4 committee seats, 3 as chair
  • Sanjay Sachdeva · Managing director and CEOExecutive · joined Apr 2025 · reappointed Apr 2025 · 1 listed board
  • Pooja BajajExecutive · joined Nov 2018 · reappointed May 2024 · 3 listed boards · 1 committee seat
  • Nirav Nayan BajajNon-executive · joined May 2025 · reappointed May 2025 · 2 listed boards · 1 committee seat
  • Shailesh V HaribhaktiIndependent · joined Aug 2019 · reappointed Aug 2024 · 82 months as independent · 5 listed boards · 4 as independent · 10 committee seats, 5 as chair
  • Sudarshan SampathkumarIndependent · joined May 2023 · reappointed May 2023 · 37 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 1 as chair
  • Vikram Taranath HosangadyIndependent · joined Nov 2023 · reappointed Nov 2023 · 31 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 2 as chair
  • Swati Shivanand SalgaocarIndependent · joined Nov 2023 · reappointed Nov 2023 · 31 months as independent · 2 listed boards · 2 as independent
  • Saurabh KumarIndependent · joined Mar 2024 · reappointed Mar 2024 · 27 months as independent · 1 listed board · 1 as independent
  • Pramod AgrawalIndependent · joined Feb 2026 · reappointed Feb 2026 · 4 months as independent · 5 listed boards · 5 as independent · 5 committee seats, 1 as chair

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

2 directors who left
  • Rajivnayan Rahulkumar Bajaj, left 7 Aug 2025: Tenure Completion
  • Madhur Bajaj, left 11 Apr 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 15 May 20269 of 10 present5 independent · 59 days in between
    • 16 Mar 202610 of 10 present6 independent · 34 days in between
    • 9 Feb 20268 of 10 present5 independent

  • Audit Committee

    Chair Shailesh V Haribhakti

    Sudarshan Sampathkumar, Vikram Taranath Hosangady

    • 15 May 20263 of 3 present3 independent · 59 days in between
    • 16 Mar 20263 of 3 present3 independent · 34 days in between
    • 9 Feb 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair Sudarshan Sampathkumar

    Shekhar Bajaj, Shailesh V Haribhakti, Vikram Taranath Hosangady

    • 15 May 20264 of 4 present3 independent · 59 days in between
    • 16 Mar 20264 of 4 present3 independent · 34 days in between
    • 9 Feb 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Sudarshan Sampathkumar

    Shekhar Bajaj, Pooja Bajaj

    • 21 May 20263 of 3 present1 independent · 75 days in between
    • 6 Mar 20263 of 3 present1 independent

  • Risk Management Committee

    Chair Shekhar Bajaj

    Sanjay Sachdeva, Sudarshan Sampathkumar, Swati Shivanand Salgaocar, Rishiraj Haldankar

    • 30 Mar 20264 of 4 present2 independent

  • Corporate Social Responsibility Committee

    Chair Pooja Bajaj

    Shekhar Bajaj, Sudarshan Sampathkumar, Saurabh Kumar

    • 14 May 20264 of 4 present2 independent · 58 days in between
    • 16 Mar 20264 of 4 present2 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • S R B C & CO LLPPeer-review certificate valid to Feb 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Bajaj Electricals AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Bajaj Electricals dividend history

Annual general meeting, 6 Aug 2026

86,212 shareholders on the register on 30 Jul 2026; present: 36 promoters and 68 others; votes counted by Mr. Vaibhav Dandawate / Makarand M. Joshi & Co., Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. To consider and adopt: (a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.(b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 85.19% · promoters 99.86% · institutions 98.10% · other public 6.32%

  2. To declare dividend on equity shares for the financial year ended March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 85.19% · promoters 99.86% · institutions 98.10% · other public 6.32%

  3. To appoint Mr. Sanjay Sachdeva (DIN: 11017868), who retires by rotation, as a Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 85.19% · promoters 99.86% · institutions 98.10% · other public 6.32%

  4. To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2027.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 85.19% · promoters 99.86% · institutions 98.10% · other public 6.32%

  5. To approve borrowing by way of issue of securities.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 85.19% · promoters 99.86% · institutions 98.10% · other public 6.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Apr 2026, 2 resolutions

83,656 shareholders on the register on 20 Mar 2026; votes counted by Mr. Vaibhav Dandawate / Messrs Makarand M. Joshi & Co., Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Pramod Agrawal (DIN: 00279727) as an Independent Director
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.30% · other public 0.19%

    Turnout: all 87.50% · promoters 99.86% · institutions 98.60% · other public 14.57%

  2. Approval of Payment of Remuneration to Directors in Case of Absence or Inadequacy of Profits
    Special
    96.54% for3.46% against

    Against: promoters 0.00% · institutions 13.22% · other public 0.22%

    Turnout: all 87.50% · promoters 99.86% · institutions 98.60% · other public 14.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2025, 10 resolutions

69,924 shareholders on the register on 31 Jul 2025; present: 6 promoters and 82 others; votes counted by Mr. Omkar Dindorkar / Messrs MMJB & Associates LLP, Practising Company Secretaries.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at March 31, 2025, and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  2. To declare a dividend of Rs. 3.00 per equity share of face value of Rs. 2 each for the financial year ended March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  3. To take note of the retirement of Mr. Rajiv Bajaj (DIN 00018262), Director, who retires by rotation at this Annual General Meeting and has expressed his intention not to seek re-appointment, and to consider and decide not to fill the vacancy arising from his retirement.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.92%

  4. To appoint a director in place of Mrs. Pooja Bajaj (DIN 08254455), who retires by rotation at this Annual General Meeting, and being eligible, offers herself for re-appointment.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  5. To appoint Mr. Nirav Nayan Bajaj (DIN 08472468) as a Non-Executive and Non-Independent Director of the Company.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.03%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.92%

  6. Ratification of the remuneration of Cost Auditors for the financial year ending March 31, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  7. To appoint Messrs Makarand M. Joshi & Co., Company Secretaries, as Secretarial Auditors for the term of 5 (five) consecutive years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  8. To approve borrowing by way of issue of securities.
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.83% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  9. To approve Limits of Borrowing under Section 180(1)(c) of the Companies Act, 2013.
    Special
    96.66% for3.34% against

    Against: promoters 0.00% · institutions 12.72% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

  10. To approve providing security under Section 180(1)(a) of the Companies Act, 2013 in connection with the borrowings of the Company.
    Special
    96.66% for3.34% against

    Against: promoters 0.00% · institutions 12.72% · other public 0.01%

    Turnout: all 86.19% · promoters 99.86% · institutions 95.81% · other public 6.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Jun 2025, 2 resolutions

70,928 shareholders on the register on 9 May 2025; votes counted by Mr. Omkar Dindorkar / Messrs MMJB & Associates LLP, Practicing Company Secretaries.The company's voting result (opens in a new tab)

  1. To appoint Mr. Sanjay Sachdeva (DIN 11017868) as a Director of the Company
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.18% · other public 0.03%

    Turnout: all 87.26% · promoters 99.58% · institutions 95.83% · other public 17.49%

  2. To appoint Mr. Sanjay Sachdeva (DIN 11017868) as the Managing Director & Chief Executive Officer of the Company and to approve the remuneration payable to him
    Special
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 3.16% · other public 0.03%

    Turnout: all 87.26% · promoters 99.58% · institutions 95.83% · other public 17.48%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Mar 2025, 1 resolution

67,260 shareholders on the register on 14 Feb 2025; votes counted by Omkar Dindorkar / MMJB & Associates LLP.The company's voting result (opens in a new tab)

  1. Approval and ratification of the payment of Minimum Remuneration to Mr. Anuj Poddar (DIN: 01908009), former Managing Director & Chief Executive Officer, for FY 2024-25
    Special
    96.67% for3.33% against

    Against: promoters 0.00% · institutions 13.09% · other public 0.13%

    Turnout: all 87.16% · promoters 100.00% · institutions 93.77% · other public 16.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 6 Aug 2024, 8 resolutions

Present: 27 promoters and 69 others.The company's voting result (opens in a new tab)

  1. 1 - To receive, consider, and adopt the:nA.tAudited financial statements of the Company for the financial year ended March 31, 2024, together with the reports of Board of Directors and Auditors thereon; andnnB.tAudited consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the report of Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.63%

  2. 2 - To declare a dividend of Rs 3.00 per equity share of face value of Rs. 2 each for the financial year ended March 31, 2024
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.63%

  3. 3 - To appoint a director in place of Mr. Anuj Poddar (DIN 01908009), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.14% · other public 0.08%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.63%

  4. 4 - To appoint Ms. Pooja Bajaj (DIN 08254455) as a Director of the Company
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.15% · other public 0.01%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.62%

  5. 5 - To appoint Ms. Pooja Bajaj (DIN 08254455) as a Whole-time Director of the Company, with the designation and title of ‘Executive Director’, and to approve the remuneration payable to her.
    SpecialPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.07% · other public 0.01%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.62%

  6. 6 - To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2025.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.63%

  7. 7 - To approve the payment of remuneration to Non-Executive Directors
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.02%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.63%

  8. 8 - To approve the Borrowing by way of Issue of Securities.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 85.39% · promoters 100.00% · institutions 94.91% · other public 6.63%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Jun 2024, 2 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Saurabh Kumar (DIN: 06576793) as an Independent Director
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.01% · other public 0.11%

    Turnout: all 85.46% · promoters 100.00% · institutions 94.61% · other public 8.24%

  2. Re-appointment of Mr. Shailesh Haribhakti (DIN: 00007347) as an Independent Director
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.34% · other public 0.11%

    Turnout: all 85.46% · promoters 100.00% · institutions 94.61% · other public 8.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 Jan 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Vikram Hosangady (DIN: 09757469) as an Independent Director
    Special
    99.87% for0.13% against

    Against: promoters 0.00% · institutions 0.53% · other public 0.01%

    Turnout: all 83.99% · promoters 100.00% · institutions 89.68% · other public 6.51%

  2. Appointment of Ms. Swati Salgaocar (DIN: 03500612) as an Independent Director
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.08% · other public 0.02%

    Turnout: all 83.99% · promoters 100.00% · institutions 89.68% · other public 6.51%

  3. Approval of the ‘Bajaj Electricals Limited - Performance Stock Option Plan-2023’ ( PSOP-2023 )
    Special
    89.64% for10.36% against

    Against: promoters 0.00% · institutions 43.12% · other public 0.01%

    Turnout: all 83.99% · promoters 100.00% · institutions 89.68% · other public 6.51%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 6 Aug 2026, 3 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt: (a) the audited financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon.(b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.MoreLess
    3 for0 against
  • To declare dividend on equity shares for the financial year ended March 31, 2026.
    3 for0 against
  • To appoint Mr. Sanjay Sachdeva (DIN: 11017868), who retires by rotation, as a Director.
    3 for0 against
  • To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2027.
    3 for0 against
  • To approve borrowing by way of issue of securities.
    3 for0 against

Mutual fund votes, meeting of 30 Apr 2026, 10 fund houses

  • Appointment of Mr. Pramod Agrawal (DIN: 00279727) as an Independent Director
    10 for0 against
  • Approval of Payment of Remuneration to Directors in Case of Absence or Inadequacy of Profits
    Against Angel One Mutual Fund, Bandhan Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund
    • Angel One Mutual FundGovernance concern: Remuneration proposed is in excess of Schedule V of the Companies Act, 2013 without a reasonable upper cap. Inadequate disclosure regarding the waiver of excess remuneration. Fairness in remuneration of Executive Directors.
    • Bandhan Mutual Fund, Groww Mutual FundCompliant with law. Governance concern: Remuneration proposed is in excess of Schedule V of the Companies Act, 2013 without a reasonable upper cap. Inadequate disclosure regarding the waiver of excess remuneration. Fairness in remuneration of Executive Directors.
    • Motilal Oswal Mutual FundRemuneration proposed is in excess of Schedule V of the Companies Act, 2013 without a clear upper cap. Inadequate disclosure regarding the waiver of excess remuneration. Fairness in remuneration of Executive Directors.
    6 for4 against
6 earlier meetings

Mutual fund votes, meeting of 7 Aug 2025, 5 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements including Balance Sheet as at March 31, 2025, and the Statement of Profit and Loss for the year ended on that date together with Directors’ and Auditors’ Report thereon.MoreLess
    5 for0 against
  • To declare a dividend of Rs. 3.00 per equity share of face value of Rs. 2 each for the financial year ended March 31, 2025.
    5 for0 against
  • To take note of the retirement of Mr. Rajiv Bajaj (DIN 00018262), Director, who retires by rotation at this Annual General Meeting and has expressed his intention not to seek re-appointment, and to consider and decide not to fill the vacancy arising from his retirement.MoreLess
    5 for0 against
  • To appoint a director in place of Mrs. Pooja Bajaj (DIN 08254455), who retires by rotation at this Annual General Meeting, and being eligible, offers herself for re-appointment.
    5 for0 against
  • To appoint Mr. Nirav Nayan Bajaj (DIN 08472468) as a Non-Executive and Non-Independent Director of the Company.
    5 for0 against
  • Ratification of the remuneration of Cost Auditors for the financial year ending March 31, 2026.
    5 for0 against
  • To appoint Messrs Makarand M. Joshi & Co., Company Secretaries, as Secretarial Auditors for the term of 5 (five) consecutive years.
    5 for0 against
  • To approve borrowing by way of issue of securities.
    5 for0 against
2 proposals not matched to one resolution
  • To borrow from time to time such sum or sums of monies as they may deem necessary for the purpose of the business of the Company, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company, apart from cash credit arrangements, discounting of bills and other temporary loans obtained from the Company's bankers/financial institutions in the ordinary course of business and remaining outstanding at any point of time, will exceed the aggregate of the paid-up share capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose; provided that the total amount up to which monies may be borrowed by the Board of Directors and which shall remain outstanding at any given point of time shall not exceed the sum of Rs. 3,000 Crores.MoreLess
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • LIC Mutual Fund, Nippon India Mutual FundTransparency and Governance Concern: Entire Existing Borrowing Limit is unutilized and no specific reason / justification provided for the proposed increase without utilizing the existing limit.
    • Motilal Oswal Mutual FundCompliant with the law. Transparency and Governance Concern: Entire Existing Borrowing Limit is unutilized and no specific reason / justification provided for the proposed increase without utilizing the existing limit.
    2 for3 against
  • To create such mortgages/ charges/ hypothecation and/or other encumbrances, in addition to the existing mortgages, charges, hypothecation and other encumbrances, if any, created by the Company on all or any part of the immovable and/or movable properties, current and/or fixed assets, tangible or intangible assets, book debts and/or claims of the Company wheresoever situate, present and future and such charge to rank either first, pari-passu with or second, subsequent, subservient and subordinate to all mortgages, charges, hypothecations and other encumbrances created/ to be created by the Company in favour of Indian or Foreign Financial Institutions, Banks or other Lending lnstitution(s).MoreLess
    Against LIC Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund
    • LIC Mutual Fund, Nippon India Mutual FundTransparency and Governance Concern: Entire Existing Borrowing Limit is unutilized and no specific reason / justification provided for the proposed increase without utilizing the existing limit.
    • Motilal Oswal Mutual FundCompliant with the law. Transparency and Governance Concern: Entire Existing Borrowing Limit is unutilized and no specific reason / justification provided for the proposed increase without utilizing the existing limit.
    2 for3 against

Mutual fund votes, meeting of 18 Jun 2025, 4 fund houses

  • To appoint Mr. Sanjay Sachdeva (DIN 11017868) as a Director of the Company
    4 for0 against
  • To appoint Mr. Sanjay Sachdeva (DIN 11017868) as the Managing Director & Chief Executive Officer of the Company and to approve the remuneration payable to him
    4 for0 against

Mutual fund votes, meeting of 25 Mar 2025, 8 fund houses

  • Approval and ratification of the payment of Minimum Remuneration to Mr. Anuj Poddar (DIN: 01908009), former Managing Director & Chief Executive Officer, for FY 2024-25
    8 for0 against

Mutual fund votes, meeting of 6 Aug 2024, 6 fund houses

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • 1 - To receive, consider, and adopt the:nA.tAudited financial statements of the Company for the financial year ended March 31, 2024, together with the reports of Board of Directors and Auditors thereon; andnnB.tAudited consolidated financial statements of the Company for the financial year ended March 31, 2024, together with the report of Auditors thereon.MoreLess
    6 for0 against
  • 2 - To declare a dividend of Rs 3.00 per equity share of face value of Rs. 2 each for the financial year ended March 31, 2024
    6 for0 against
  • 3 - To appoint a director in place of Mr. Anuj Poddar (DIN 01908009), who retires by rotation and being eligible, offers himself for re-appointment.
    6 for0 against
  • 4 - To appoint Ms. Pooja Bajaj (DIN 08254455) as a Director of the Company
    6 for0 against
  • 5 - To appoint Ms. Pooja Bajaj (DIN 08254455) as a Whole-time Director of the Company, with the designation and title of ‘Executive Director’, and to approve the remuneration payable to her.
    6 for0 against
  • 6 - To ratify the remuneration of Cost Auditors for the financial year ending March 31, 2025.
    1 for0 against
  • 7 - To approve the payment of remuneration to Non-Executive Directors
    6 for0 against
  • 8 - To approve the Borrowing by way of Issue of Securities.
    5 for0 against
2 proposals not matched to one resolution
  • Approve issuance of non-convertible debentures (NCDs) and Commercial Paper on a private placement basis up to Rs. 5.0 bn
    1 for0 against
  • Ratification of remuneration of Rs. 1,89,750/- plus applicable taxes and reimbursement of out - of - pocket expenses payable to Messrs R. Nanabhoy and Co., Cost Accountants (Firm Registration No.000010), as Cost Auditors of the Company for conducting the cost audit for the financial year 2024 - 25.MoreLess
    5 for0 against

Mutual fund votes, meeting of 6 Jun 2024, 5 fund houses

  • Appointment of Mr. Saurabh Kumar (DIN: 06576793) as an Independent Director
    5 for0 against
  • Re-appointment of Mr. Shailesh Haribhakti (DIN: 00007347) as an Independent Director
    5 for0 against

Mutual fund votes, meeting of 25 Jan 2024, 6 fund houses

  • Appointment of Mr. Vikram Hosangady (DIN: 09757469) as an Independent Director
    6 for0 against
  • Appointment of Ms. Swati Salgaocar (DIN: 03500612) as an Independent Director
    6 for0 against
  • Approval of the ‘Bajaj Electricals Limited - Performance Stock Option Plan-2023’ ( PSOP-2023 )
    Against HDFC Mutual Fund
    • HDFC Mutual FundESOPs are being granted at a significant discount to market price
    5 for1 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Fines and tax disputes

Reported in the filing for the quarter to Jun 2026.

  • Fine or penaltyOffice of the Appellate Joint Commissioner of State Tax, Secunderabad, TelanganaSince 22 Apr 2026

    An appellate order raising a penalty demand of Rs. 0.33 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.32 lakh, on account of excess Input Tax Credit (ITC) availed for 2018-19.
  • Fine or penaltyOffice of the Appellate Joint Commissioner of State Tax, Secunderabad, TelanganaSince 8 May 2026

    An appellate order raising a penalty demand of Rs. 0.20 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.20 lakh, on account of disallowance of ITC availed for 2020-21.
  • Fine or penaltyIndian Customs AuthoritySince 29 Apr 2026

    Customs order raising a penalty demand of Rs. 0.10 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.10 lakh, on account of some corrections and late receipt of shipment documents.
  • Fine or penaltyIndian Customs AuthoritySince 11 Jun 2026

    Customs order raising a penalty demand of Rs. 0.35 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.35 lakh, on account of late receipt of CIF shipment documents.
  • Fine or penaltyIndian Customs AuthoritySince 17 Apr 2023

    Customs order raising a penalty demand of Rs. 0.34 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.34 lakh, on account of payment of differential duty made during the quarter ended June 30, 2026, and wrong declaration of HSN code at the time of filing of Bill of Entry (BOE) in FY 2023-24.MoreLess
  • Fine or penaltyIndian Customs AuthoritySince 17 Jun 2026

    Customs order raising a penalty demand of Rs. 0.15 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.15 lakh, on account of late receipt of documents required for filing of BOE.
  • Fine or penaltyIndian Customs AuthoritySince 29 Jun 2026

    Customs order raising a penalty demand of Rs. 0.10 lakh.

    The Company has made a payment against the accepted demand, which inter alia included a penalty, amounting to Rs. 0.10 lakh, on account of late receipt of CIF shipment documents.
  • Fine or penaltyAssistant Commissioner of State Tax, Mobile Squade, Dehradun, UttarakhandSince 5 Jun 2026

    An assessment order, bearing ref. no. - ZD050626004390S, raising a penalty demand of Rs. 6.39 lakh.

    The Company has paid penalty demand on account of vehicle Seizer in the state of Uttarakhand. The Company shall make an appeal to appropriate authority/tribunal to get the refund of amount of penalty paid.MoreLess
9 more
  • Fine or penaltyAssistant Commissioner of State Tax, Mobile Squade, Dehradun, UttarakhandSince 5 Jun 2026

    An assessment order, bearing ref. no.- ZD050626004399A, raising a penalty demand of Rs. 6.39 lakh.

    The Company has paid penalty demand on account of vehicle Seizer in the state of Uttarakhand. The Company shall make an appeal to appropriate authority/tribunal to get the refund of amount of penalty paid.MoreLess
  • Fine or penaltyFederal tax Authority, UAESince 22 Jun 2026

    Administrative Penalty of 4500 UAE Dirham (equivalent to Rs. 1.17 lakh) imposed for the late filing of the Corporate Tax Return for Calendar Year 2024.

    The Company has paid penalty demand of 4500 UAE Dirham (equivalent to Rs. 1.17 lakh) during this quarter on account of late filing of the Corporate Tax Return for Calendar Year 2024.
  • Tax disputeGST Tribunal Authority, BiharSince 21 Aug 2024
    The Company has filed an appeal before tribunal authority.
    At the filing before: The Company received an adverse appeal order dated February 18, 2025 for FY 2019-20, wherein certain credit notes were disallowed. The Company is in process of filing an appeal before Tribunal Authority. [Amount involved: Rs.13.74 crore]MoreLess
  • Tax disputeGST Appellate Authority, Madhya PradeshSince 30 Apr 2024
    No change. The matter is pending before the Appellate Authority.
    At the filing before: The Company received an assessment order dated April 30, 2024 for FY 2018-19 disallowing input tax credit. An appeal was filed before the Appellate Authority. [Amount involved: Rs.8.81 crore]
  • Tax disputeGST Appellate Authority - PunjabSince 20 Feb 2025
    No change. The matter is pending before the Appellate Authority.
    At the filing before: The Company received an assessment order dated February 20, 2025 for FY 2020-21 raising certain tax demands. An appeal was filed before the Appellate Authority. [Amount involved: Rs.14.08 crore]
  • Tax disputeGST Appellate Authority - Uttar PradeshSince 27 Feb 2025
    The Company received an adverse Appeal Order dated June 08, 2026 on alleged disallowance of Input Tax Credit for FY 2020-21 . The management is currently evaluating appropriate legal options, which, inter alia, include filing an appeal before the appropriate appellate authority or a writ petition before the Hon’ble High Court. [Amount involved: Rs.10.95 crore]MoreLess
    At the filing before: The Company received an assessment order dated February 27, 2025 for FY 2020-21 disallowing input tax credit. An appeal was filed before the Appellate Authority. [Amount involved: Rs.10.95 crore]
  • Tax disputeOffice of the Commercial Tax Officer, Chennai Central, Tamil NaduSince 31 Dec 2025
    No change. The matter is pending before the Appellate Authority.
    At the filing before: The Company received an assessment order dated December 31, 2025 under the Tamil Nadu Goods and Services Tax Act, 2017 for FY 2018-19, raising an alleged demand. [Amount involved: Rs.9.36 crore.]
  • Tax disputeOffice of the Commercial Tax Officer, Jurisdiction-Chennai Central, Tamil NaduSince 13 Mar 2026
    The Company has filed an appeal before tribunal authority.
    At the filing before: The Company received an assessment order dated March 13, 2026 for FY 2019-20 raising demands on account of the alleged difference in input tax credit (ITC) and alleged short payment of tax on account of alleged turnover difference for the said period. [Amount involved: Rs.11.20 crore]MoreLess
  • Tax disputeOffice of the Commercial Tax Officer, Jurisdiction-Chennai Central, Tamil NaduSince 13 Mar 2026
    The Company has filed an appeal before tribunal authority.
    At the filing before: The Company received an assessment order dated March 13, 2026 for FY 2022-23 raising demands on account of the alleged excess claim and alleged difference in Input Tax Credit (ITC) for the said period. [Amount involved: Rs.8.73 crore]MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Mar 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
Yes
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.