Bajaj Electricals Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 07, 2025
BAJAJELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bajaj Electricals Limited has issued the notice for its 86th AGM to be held on Thursday, August 7, 2025, at 3:00 PM via Video Conferencing. Shareholders will consider adoption of audited financial statements for FY ended March 31, 2025 and declaration of a dividend of ₹3.00 per equity share (face value ₹2). The agenda also includes the retirement of Mr. Rajiv Bajaj (who will not seek re-appointment) and re-appointment of Mrs. Pooja Bajaj, along with appointment of Mr. Nirav Nayan Bajaj as a Non-Executive and Non-Independent Director. Special business items seek shareholder approval to issue NCDs/Commercial Papers up to ₹500 crore on a private placement basis, raise overall borrowing limits to ₹3,000 crore, and ratify the appointment of cost and secretarial auditors. The record date for dividend eligibility is July 18, 2025, with payment on or before August 11, 2025.
The ₹3 per share dividend signals steady shareholder returns, while the proposed ₹3,000 crore borrowing ceiling and ₹500 crore NCD/CP issuance indicate the company is building room for debt-funded growth, which could matter for capital structure and interest costs going forward.