Bajaj Electricals Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BAJAJELEC · price
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Bajaj Electricals has announced the results of its postal ballot conducted via remote e-voting between May 20 and June 18, 2025. Two resolutions were put to shareholders: (1) the appointment of Mr. Sanjay Sachdeva (DIN 11017868) as a Director, passed as an Ordinary Resolution with 99.95% votes in favour, and (2) his appointment as Managing Director & CEO along with approval of his remuneration, passed as a Special Resolution with 99.19% votes in favour. Out of 70,928 shareholders on the cut-off date, 10.06 crore shares were polled, representing 87.26% of outstanding shares. The scrutinizer, Mr. Omkar Dindorkar of MMJB & Associates LLP, confirmed both resolutions were passed with the requisite majority.
Both resolutions were approved with overwhelming shareholder support (over 99% in favour), indicating strong investor confidence in the new leadership. This formalises Mr. Sanjay Sachdeva's role as MD & CEO, and the high approval turnout (87% of outstanding shares voted) reflects broad shareholder participation. Minimal direct stock-price impact is expected, but the leadership transition is now complete.