Bajaj Electricals Limited has announced the allotment of 2,273 equity shares to eligible employees under its Performance Stock Option Plan 2023. The company's Stakeholders' Relationship Committee approved this allotment during its 28th meeting held on March 6, 2026.

Share Allotment Details

The allotment involves 2,273 equity shares of Rs. 2.00 each, fully paid-up, granted to 5 employees who had been awarded stock options under the Performance Stock Option Plan 2023. The shares were exercised at a price of Rs. 2.00 per share, matching the par value with no premium charged.

Updated Share Capital Structure

Following this allotment, Bajaj Electricals' capital structure has been updated accordingly. The company's total issued, subscribed and paid-up capital now comprises 11,53,90,713 equity shares of Rs. 2.00 each, amounting to Rs. 23,07,81,426.

Regulatory Compliance

The allotment was conducted in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and the SEBI Listing Regulations. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development as required under Regulation 30 of the SEBI Listing Regulations.

The newly issued equity shares will rank pari passu with the existing equity shares of the company. No lock-in period applies to these shares, and they are identical in all respects to the existing shares. The shares carry the ISIN number INE193E01025 for demat trading purposes.

Bajaj Electricals Limited has announced the appointment of Mr. Rahul Pundir as Chief Supply Chain Officer, effective March 2, 2026. The company disclosed this senior management appointment under Regulation 30 of the SEBI Listing Regulations on February 24, 2026.

Appointment Details

The regulatory filing indicates that Mr. Pundir will join the organization as Chief Supply Chain Officer and will be formally designated as Senior Management Personnel in the next Board Meeting. The appointment is part of the company's strategic leadership strengthening initiative.

Professional Background

Rahul Pundir brings over 24 years of global leadership experience to Bajaj Electricals, with recognized expertise in leading digital transformation programs. His experience spans manufacturing operational excellence, forecasting, inventory agility, and route-to-market optimization. He is known for building high-performance organizations and creating resilient business models aligned with sustainability and ESG priorities.

His most recent position was Executive Officer, Product Supply & Sustainability Leader (AMA) at P&G Japan. During his tenure at P&G, he transformed logistics, supply chain, and manufacturing operations through network redesign and digital enablement.

Key Achievements

Mr. Pundir's track record includes significant operational and financial improvements:

• Delivered $250M in cost-to-serve value
• Achieved significant margin expansion
• Generated major capital and supply chain savings
• Scaled manufacturing capacity 5x
• Elevated plants to global benchmarks
• Modernized logistics with mega-DC builds and stronger 3PL ecosystems

His experience covers operations across Asia, MEA, India, and Japan, where he built leaner, faster, and more resilient supply chains.

Educational Qualifications

Mr. Pundir holds comprehensive educational credentials that complement his professional experience:

• MBA from IIM Mumbai (erstwhile NITIE)
• Degree in Mechanical Engineering
• PG Certification in Digital Manufacturing & Smart Factories from IISc Bangalore
• Senior Executive Development Program from University of Tennessee, USA

Regulatory Compliance

The appointment disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, specifically under sub-paragraphs 7 of Paragraph A of Part A of Schedule III. The filing was signed by Prashant Dalvi, Chief Compliance Officer & Company Secretary, ensuring full compliance with applicable regulatory requirements.