Bajaj electricals Limited has announced the grant of 18,894 stock options under its Performance Stock Option Plan 2023 to one eligible employee. The company's Nomination and Remuneration Committee approved this grant during its meeting held on March 16, 2026, in accordance with the Securities and Exchange Board of India regulations.

Stock Option Grant Details

The performance-based stock option grant represents a strategic employee incentive initiative under the company's established PSOP Plan 2023. The plan complies with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, ensuring regulatory adherence in its implementation.

Pricing and Exercise Terms

The stock options feature an exercise price structure aligned with the company's equity share face value. Each option carries an exercise price of Rs. 2.00 per equity share, matching the face value of the company's equity shares.

Regulatory Compliance and Disclosure

The company emphasized that this stock option grant maintains full compliance with applicable SEBI regulations. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026.

Bajaj Electricals noted that while the grant did not trigger materiality thresholds, the company disclosed the information as part of its commitment to good corporate governance practices. The comprehensive details of the PSOP Plan 2023 terms are available in the company's Postal Ballot Notice dated November 6, 2023, accessible through the company's investor relations website.

Plan Structure and Implementation

The Performance Stock Option Plan 2023 represents a structured approach to employee compensation and retention. The two-year exercise period from the respective vesting date provides flexibility for option holders, with specific provisions outlined in the plan documentation for various scenarios.

The current grant status shows that no options have been vested, exercised, or lapsed at this stage, indicating this represents a fresh allocation under the established plan framework. The company's Chief Compliance Officer and Company Secretary, Prashant Dalvi, signed the regulatory filing, confirming the formal compliance with all applicable disclosure requirements.

Bajaj Electricals Limited has received two GST assessment orders from Tamil Nadu authorities totaling Rs 19.93 crore in demands. The company disclosed this development through a regulatory filing to stock exchanges on March 14, 2026, under Regulation 30 of SEBI Listing Regulations.

Assessment Orders Breakdown

The Commercial Tax Officer from Chennai Central jurisdiction issued both assessment orders under the Tamil Nadu GST Act, 2017. The company received these orders on March 13, 2026, at 16:11 hours.

Nature of Alleged Violations

The assessment orders address different GST compliance issues across the two financial years:

FY 2019-20 Assessment:

• Alleged difference in input tax credit (ITC)
• Alleged short payment of tax due to turnover differences
• Issued under Section 74 of Tamil Nadu GST Act, 2017

FY 2022-23 Assessment:

• Alleged excess claim of input tax credit
• Alleged difference in ITC calculations
• Issued under Section 73 of Tamil Nadu GST Act, 2017

Company's Legal Response Strategy

Bajaj Electricals management is evaluating appropriate legal remedies to challenge these assessment orders. The company has indicated potential legal avenues including:

• Filing appeals before the appropriate appellate authority
• Submitting writ petitions before the Hon'ble High Court
• Other legal options as deemed appropriate by management

Financial Impact Assessment

The company has clarified that there is no immediate impact on its financial operations or other business activities due to these assessment orders. According to the regulatory filing, the financial impact would be limited to the extent of demands raised and penalties levied, but only if the orders materialize after the legal process concludes.

Regulatory Compliance Details

The disclosure was made pursuant to Regulation 30 of SEBI Listing Regulations, read with sub-para 8 of Para B and sub-para 20 of Para A of Part A of Schedule III. The filing was signed by Prashant Dalvi, Chief Compliance Officer & Company Secretary, and submitted to both BSE Limited and National Stock Exchange of India Limited in accordance with the company's Policy on Determination of Materiality for Disclosure of Events or Information.