Bajaj Electricals Limited has scheduled its 87th Annual General Meeting (AGM) for Thursday, August 6, 2026, at 3:00 PM IST via Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting will transact ordinary business including the adoption of financial statements for the financial year ended March 31, 2026, and special business concerning borrowing approvals. The Board has recommended a dividend of ₹3.00 per equity share of ₹2 each, amounting to a total outgo of ₹34.62 crore, subject to shareholder approval. The record date for dividend eligibility is Friday, July 17, 2026, with payment scheduled on or before Monday, August 10, 2026. The company has published a public notice in newspapers, including Free Press Journal and Navshakti, informing shareholders about the meeting and related details.

AGM Logistics and E-Voting

The meeting will be conducted virtually, with the registered office serving as the deemed venue. Shareholders can participate through the InstaMeet platform. Remote e-voting will commence on Sunday, August 2, 2026, at 09:00 AM IST and conclude on Wednesday, August 5, 2026, at 05:00 PM IST. The cut-off date for determining e-voting eligibility is Thursday, July 30, 2026. Members holding shares in dematerialised mode are requested to update their complete bank details with their Depository Participants to avoid any delay in receiving the dividend.

Key Agenda Items

The ordinary business includes the adoption of audited standalone and consolidated financial statements for FY 2025-26, the declaration of dividend, and the re-appointment of Mr. Sanjay Sachdeva (DIN: 11017868), who retires by rotation, as Director. Special business encompasses the ratification of remuneration for Cost Auditors and the approval of borrowing limits.

Borrowing Resolution and Cost Audit

Shareholders will consider a special resolution to authorise the Board to borrow up to ₹500 crore by way of issue of securities, including secured/unsecured redeemable Non-Convertible Debentures (NCDs) and/or Commercial Papers (CPs), on a private placement basis. This facility is available for one year from the date of the AGM. Additionally, the meeting will ratify the remuneration of ₹2,18,000 plus applicable taxes and out-of-pocket expenses payable to Messrs R. Nanabhoy & Co., Cost Accountants, for conducting the cost audit for the financial year ending March 31, 2027.

Tax Deducted at Source and Dividend Payment

The final dividend, if declared, will be taxable in the hands of the shareholders subject to tax deduction at source at the applicable rates. Pursuant to the fifth amendment in SEBI Listing Regulations, the provisions related to the issuance of payable-at-par warrants or cheques have been omitted. Consequently, dividend payments will be made only through electronic modes. Shareholders are advised to ensure their updated bank account details are registered with their depositories for demat holdings or with the RTA for physical holdings.

Bajaj Electricals filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, aligned with the nine principles of the National Guidelines for Responsible Business Conduct (NGRBC). The report highlights the company's environmental, social, and governance (ESG) performance, including waste management and energy efficiency initiatives. The filing was submitted to BSE Limited and National Stock Exchange of India Limited on July 10, 2026.

The Board of Directors oversees the implementation of the Business Responsibility policy, with the CSR & ESG Committee responsible for decision-making on sustainability-related issues. The report discloses that the company achieved 100% of its Extended Producer Responsibility (EPR) targets for electronic waste and plastic packaging for FY26. Additionally, the company collected and recycled approximately 19,906 metric tonnes of e-waste and 1,732.60 metric tonnes of plastic waste during the year.

Environmental Performance

Bajaj Electricals reported a total energy consumption of 52,807.66 GJ for FY26, with renewable sources contributing 7,867.86 GJ. The company has implemented Zero Liquid Discharge (ZLD) systems at its Chakan, Chhatrapati Sambhajinagar, and Nashik plants. Water consumption for the year stood at 49,185.69 kilolitres, while total water discharged was 0.00 kilolitres due to the ZLD implementation.

Social and Governance Disclosures

The company reported a workforce of 3,705 employees and 1,109 workers as of March 31, 2026. Women constituted 20% of the Board of Directors. The report confirms that there were no instances of fines, penalties, or imprisonment for the company or its directors/KMPs during the financial year. Furthermore, no complaints regarding sexual harassment, child labour, forced labour, or discrimination were reported.

Bajaj Electricals has established mechanisms for stakeholder engagement, including investors, shareholders, employees, and communities. The company’s CSR initiatives for the year included projects in aspirational districts such as Jaisalmer, Baran, and Karauli in Rajasthan, focusing on improved cookstoves, nature restoration, and solar electrification.