Bajaj Electricals Limited has informed the Exchange regarding Demise of Mr. Madhur Bajaj, Non- Executive Director of the company on April 11, 2025.
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Bajaj Electricals Limited has informed the stock exchange about the passing of Mr. Madhur Bajaj, a Non-Executive Director on the company's board. Mr. Madhur Bajaj passed away on April 11, 2025. He was a member of the promoter Bajaj family, which has a long association with the company. The company has made this disclosure as required under listing regulations following the demise of a board member. The board will now have a vacancy that may need to be filled in due course as per the company's succession plan and regulatory norms.
This is a personal loss for the Bajaj family and the company. Investors should watch for any upcoming announcements about a replacement director being appointed to fill the board vacancy, as it may signal the next generation of the promoter family's involvement in the company.