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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Electricals has announced the results of its postal ballot conducted via remote e-voting from April 1 to April 30, 2026. Two special resolutions were passed: (1) Appointment of Mr. Pramod Agrawal as Independent Director with 99.92% shareholder approval (100.88 million votes in favor out of 100.97 million polled), and (2) Approval of Payment of Remuneration to Directors in Case of Absence or Inadequacy of Profits with 96.54% approval (97.48 million votes in favor). The overall voter turnout was 87.5% of total shares. Notably, Public Institutions showed significant dissent on Resolution 2, with 13.22% voting against, compared to near-unanimous support on Resolution 1.
Both resolutions passed with the required special majority. The appointment of Pramod Agrawal as Independent Director strengthens the board's independence. The director remuneration approval provides flexibility for future payments even if profits are inadequate. Shareholders should note the notable institutional dissent on remuneration, which may warrant monitoring.