Please refer to the enclosed file.

Bajaj Electricals has granted 11,725 performance stock options to one eligible employee under its PSOP Plan 2023. The exercise price is set at the face value of Rs.2 per equity share, and the options can be exercised within two years from the date of vesting. The grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This is a routine employee compensation disclosure made to the stock exchanges as required under SEBI Listing Regulations. The number of options is small relative to total shares outstanding.