Bajaj Electricals Limited has informed the Exchange about change in Management
BAJAJELEC · price
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Bajaj Electricals has appointed Mr. Suketu Shah as the Interim Chief Financial Officer and Key Managerial Personnel, effective March 16, 2026. Shah is an internal appointee with over 13 years of experience and 8 years at Bajaj Electricals, where he has led key initiatives including a ₹350 crore rights issue, the demerger of the EPC business into a separately listed entity, and investor relations. He is a Chartered Accountant and a member of ICAEW. Separately, Mr. Rahul Pundir, Chief Supply Chain Officer, has been designated as Senior Management Personnel. The board approved both changes in a meeting held from 11:15 a.m. to 12:35 p.m. on March 16, 2026.
The interim nature of the CFO appointment suggests Bajaj Electricals is still searching for a permanent CFO, which investors should watch closely. However, an internal appointee with deep institutional knowledge provides continuity in the finance function and reduces short-term disruption.