Bajaj Electricals Limited announced its financial results for the quarter and year ended March 31, 2026. The company reported a consolidated net loss of ₹9,086 lakh for the fiscal year, a sharp reversal from the net profit of ₹13,342 lakh in the previous year. On a standalone basis, the net loss for the year was ₹7,726 lakh compared to a net profit of ₹13,342 lakh in FY25.

Financial Performance

The total revenue from operations for the consolidated entity decreased to ₹446,216 lakh for the year ended March 31, 2026, from ₹482,843 lakh in the corresponding period last year. For the quarter ended March 31, 2026, the company reported a consolidated net loss of 675M Rupees compared to a net profit of 590M Rupees in the same quarter of the previous year. Q4 consolidated revenue stood at 12.4B Rupees, down from 12.7B Rupees in the year-ago period.

The company's Q4 operating performance also reflected significant pressure, with EBITDA declining sharply on a year-on-year basis. The following table presents the key quarterly operating and financial metrics:

The company attributed the annual loss to exceptional items totaling ₹9,115 lakh, which included an impairment of goodwill amounting to ₹2,644 lakh and an impairment of moulds and dies of ₹2,931 lakh. Additionally, the company recognized an estimated expense of ₹2,872 lakh towards gratuity and leave encashment following the notification of new Labour Codes.

The following table summarizes the key annual financial metrics:

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 upcoming 87th Annual General Meeting. 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

The Board approved the appointment of Ms. Ashween Anand as the Chief Financial Officer and Key Managerial Personnel of the company, effective May 16, 2026. Ms. Anand brings over 16 years of experience in finance and strategy, having previously served as the CFO at Tata Starbucks. Consequently, Mr. Suketu Shah has resigned from his position as Interim Chief Financial Officer effective from the close of business hours on May 15, 2026.

Fund Raising Approval

The Board has also approved a proposal to seek shareholder approval at the 87th AGM to raise or borrow funds up to ₹500 crore. This may be done through the issuance of securities, including unsecured non-convertible debentures and commercial papers, in one or more tranches, depending on prevailing market conditions. The 87th Annual General Meeting of the company is scheduled to be held on August 6, 2026.

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.