Bajaj Electricals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 07, 2025
BAJAJELEC · price
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Bajaj Electricals held its 86th AGM on August 7, 2025, via video conferencing, chaired by Mr. Shekhar Bajaj. All 10 resolutions on the agenda were approved by the requisite majority, including adoption of FY25 audited financial statements, declaration of a dividend of Rs. 3.00 per equity share (face value Rs. 2), and re-appointment of Mrs. Pooja Bajaj as a director. The AGM noted the retirement of Mr. Rajiv Bajaj, who opted not to seek re-appointment, and approved the appointment of Mr. Nirav Nayan Bajaj as a Non-Executive and Non-Independent Director. Three special resolutions were passed to expand the company's borrowing limits, approve issuance of securities, and permit providing security for borrowings under Sections 180(1)(c) and 180(1)(a) of the Companies Act. The Chairman shared a Q1 FY26 performance overview, and 8 shareholder speakers raised queries which were addressed by the MD & CEO Mr. Sanjay Sachdeva.
Shareholders will receive a Rs. 3 per share dividend for FY25. The board change (Rajiv Bajaj's exit and Nirav Nayan Bajaj's entry) reflects a leadership transition within the promoter family. The expanded borrowing limits and securities issuance approvals give the company greater financial flexibility, which could be positive for growth but may also signal future capex or refinancing plans.