Bajaj Electricals Limited has informed the Exchange regarding Notice of Postal Ballot
BAJAJELEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Electricals has issued a Postal Ballot Notice seeking shareholder approval for two special resolutions. The first is the appointment of Mr. Pramod Agrawal, former Chairman and Managing Director of Coal India Limited and a retired IAS officer, as an Independent Director for a 5-year term (February 9, 2026 to February 8, 2031). He also currently sits on the boards of Tata Power, Tata Steel, Century Plyboards, and Trident. The second resolution seeks approval to pay remuneration to all Executive, Non-Executive and Independent Directors as minimum remuneration for FY 2025-26, since the company reported a loss before tax of ₹26.65 crore in the nine months ended December 31, 2025 (versus a profit before tax of ₹169.68 crore in FY25). Without this approval, the company would be unable to pay its directors above Schedule V limits during the loss-making year. E-voting runs from April 1, 2026 to April 30, 2026, with results expected by May 2, 2026.
These are procedural governance items and do not change the business outlook, but the remuneration resolution indirectly confirms the company is currently loss-making, which shareholders should weigh. Mr. Agrawal brings strong public-sector and infrastructure experience to the board, which is a positive governance signal.