Bajaj Electricals Limited has announced the grant of 11,725 Performance Stock Options under its 'Performance Stock Option Plan 2023' (PSOP Plan 2023) to one eligible employee. The Nomination and Remuneration Committee of the Board of Directors approved this grant at its meeting held on May 15, 2026, in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Key Details of the Stock Option Grant

The following table outlines the significant parameters of the stock option grant as disclosed by the company:

Plan Structure and Compliance

The PSOP Plan 2023 is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price of the options has been set equal to the face value of the company's equity shares, i.e., Rs. 2/- per equity share. The exercise period for the granted options is two years from the date of respective vesting, except for specific events outlined in the PSOP Plan 2023.

The significant terms of the PSOP Plan 2023 were disclosed in the Explanatory Statement forming part of the Postal Ballot Notice dated November 6, 2023, accessible on the company's investor relations website. The grant disclosure was filed in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The filing was signed by Prashant Dalvi, Chief Compliance Officer and Company Secretary of Bajaj Electricals Limited.

Bajaj Electricals Limited reported a consolidated net loss of ₹91 crore for FY26, a sharp reversal from a net profit of ₹133 crore in FY25, as revenue from operations declined 7.6% to ₹4,462 crore from ₹4,828 crore in the previous year. On a standalone basis, the net loss for the year stood at ₹77.26 crore compared to a net profit of ₹133.42 crore in FY25. The company attributed the annual loss primarily to exceptional items totaling ₹105 crore, including impairment of goodwill of ₹26 crore, impairment of moulds and dies of ₹29 crore, and an estimated expense of ₹29 crore towards gratuity and leave encashment following the notification of new Labour Codes.

Q4 FY26 Financial Performance

For the quarter ended March 31, 2026, Bajaj Electricals reported a consolidated net loss of ₹68 crore compared to a net profit of ₹59 crore in the same quarter of the previous year. Revenue from operations stood at ₹1,240 crore, down 2.1% from ₹1,265 crore in Q4 FY25. EBIT declined sharply to ₹20 crore from ₹68 crore in Q4 FY25, with EBIT margin compressing to 1.6% from 5.4%. The following table presents the key quarterly financial metrics:

FY26 Annual Financial Performance

For the full year, gross margin declined to ₹1,365 crore from ₹1,494 crore in FY25. EBIT fell 67.0% to ₹72 crore from ₹218 crore, with EBIT margin contracting to 1.6% from 4.5%. Finance costs declined 19.5% to ₹56 crore. The following table summarizes the key annual financial metrics:

Segment Performance

The Lighting Solutions (LS) segment was the standout performer, delivering approximately 16% YoY growth in Q4 FY26, driven by both Consumer Lighting and Professional Lighting. For the full year, LS revenue grew 9.5% to ₹1,120 crore from ₹1,023 crore in FY25, with EBIT improving to ₹95 crore (8.5% margin) from ₹68 crore (6.6% margin). The Consumer Products (CP) segment, however, reported approximately 7% de-growth in Q4 FY26 on a YoY basis, with strong growth in kitchen appliances offset by high channel inventory of summer products. For FY26, CP revenue declined 12.2% to ₹3,343 crore from ₹3,806 crore, swinging to an EBIT loss of ₹49 crore from a profit of ₹123 crore in FY25.

Cash Flow and Balance Sheet

Despite the net loss, Bajaj Electricals generated a healthy cash flow from operations of approximately INR 619 crore in FY26, supported by improvement in working capital through reduction in debtors and inventories. The company maintained a strong balance sheet with cash and cash equivalents (C&CE) and surplus investments of approximately INR 934 crore, and maintained a negative working capital position. Capital expenditure (net of sale proceeds) stood at INR 85 crore, which included the acquisition of the Morphy Richards brand. The closing balance of cash and bank balances stood at INR 222 crore.

Dividend Declaration

In celebration of 100 years of the Bajaj Group, the Board of Directors has recommended a final dividend of ₹3.00 per share, or 150% of the face value of ₹2 each, for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the 87th Annual General Meeting, scheduled to be held on August 6, 2026. If approved, the dividend will be credited or dispatched on or after August 6, 2026. The record date for determining shareholder eligibility is set as July 17, 2026.

Management Changes and Fund Raising

The Board approved the appointment of Ms. Ashween Anand as Chief Financial Officer and Key Managerial Personnel, effective May 16, 2026. Ms. Anand brings over 16 years of experience in finance and strategy, having previously served as CFO at Tata Starbucks. Consequently, Mr. Suketu Shah resigned as Interim Chief Financial Officer effective from the close of business hours on May 15, 2026. The Board has also approved a proposal to seek shareholder approval at the 87th AGM to raise or borrow funds up to ₹500 crore through the issuance of securities, including unsecured non-convertible debentures and commercial papers, in one or more tranches depending on prevailing market conditions.

Shareholding Pattern

As on March 31, 2026, the shareholding pattern of Bajaj Electricals was as follows: