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Bajaj Electricals Limited announced the successful passage of two special resolutions via postal ballot with requisite majority. Shareholders approved the appointment of Mr. Pramod Agrawal as an Independent Director and the payment of remuneration to directors in case of profit inadequacy. Both resolutions were passed on April 30, 2026, through remote e-voting.
CRISIL reaffirmed Bajaj Electricals Limited's credit ratings at 'CRISIL AA-/Stable' for long-term and 'CRISIL A1+' for short-term bank facilities totaling ₹1,400 Crore. Additionally, a rating for a ₹600 Crore short-term facility was withdrawn at the company's request. These ratings reflect the company's sustained credit profile.
Bajaj Electricals Limited received a favorable Appeal Order reducing a prior GST demand from Rs. 83.78 lakh to Rs. 3.61 Crore. The management has accepted the revised demand, which includes a Rs. 0.33 lakh penalty. There is no material impact on the company's operational or financial activities.
Bajaj Electricals Limited received an adverse Appeal Order upholding a GST demand of ₹1.16 Crore, including a ₹39.68 Lakh penalty. The demand relates to alleged transitional credit disallowance in Bihar. The company is evaluating legal options, including further appeals. Management states there is no material impact on operational or financial activities.