Bajaj Electricals Limited , a prominent player in the consumer electrical equipment sector, has announced a revision to its Chief Financial Officer's departure timeline. The company has updated the relieving date of Mr. E C Prasad from the previously announced January 26, 2026 to December 31, 2025.

Management Change Update

The Board of Directors approved the revision through a circular resolution passed on December 20, 2025. The change comes at Mr. Prasad's request following the completion of handover responsibilities. The company has waived the balance notice period in accordance with its policies and applicable laws.

Previous Financial Performance

For the quarter ended September 30, 2025, Bajaj Electricals had reported mixed results with revenue of ₹1,107.00 crores, representing a 1.00% decline compared to the same period last year. The company's profit after tax decreased 23.60% to ₹10.00 crores, though gross margins improved by 140 basis points due to value engineering and sourcing efficiencies.

Segment Performance Overview

The Consumer Products segment declined 4.10% year-on-year due to drops in fans and coolers, while General Trade registered 5.00% growth, mainly due to 20.00% growth in Consumer Lighting. The Lighting Solutions segment grew 9.60% driven by both B2C and B2B lighting, with exports witnessing 28.00% growth.

Regulatory Compliance

The company has filed the necessary disclosures under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The updated details regarding Mr. Prasad's resignation have been communicated to both BSE Limited and National Stock Exchange of India Limited.

Financial Position

Bajaj Electricals maintains a strong balance sheet with surplus investments of approximately ₹432.00 crores. During the previous quarter, the company launched 26 new consumer products and 144 new consumer lighting products, demonstrating its continued focus on innovation and market expansion despite the leadership transition.

Bajaj Electricals Limited (BEL) has announced a strategic collaboration with the TIH Foundation for IoT & IoE at IIT Bombay, aiming to co-develop smart lighting solutions under the 'Smart Streetlight Control' project. This partnership marks a significant step towards advancing India's Smart City vision while supporting the Digital India and Make in India initiatives.

Collaboration Details

The collaboration brings together Bajaj's expertise in large-scale lighting deployments with TIH's research capabilities in electronics, network communication, and AI/ML technologies. The first phase of the project will focus on developing AI-based lighting solutions for energy optimization, efficiency, and reliability.

Key Participants

The Memorandum of Understanding was signed at Bajaj's R&D Center, with participation from senior leadership including:

• Rajesh Naik, COO Bajaj Lighting Solutions
• Anand Joshi, CTO & Head – R&D
• Kiran Shesh, CEO, TIH

Company Performance

Bajaj Electricals reported a turnover of INR 4,641.00 crores in FY 24-25. The company operates through:

• 18 branch offices
• 600+ distributors
• Approximately 2 lakh retail outlets across India

Upcoming Earnings Call

Bajaj Electricals has scheduled its Q2FY26 Earnings Call for October 31, 2025, at 4:00 PM (IST). The call, organized by Ambit Capital Private Limited, will discuss the company's unaudited financial results for the second quarter and half year ended September 30, 2025.

Key company representatives participating in the call include:

• Mr. Shekhar Bajaj - Chairman
• Mr. Sanjay Sachdeva - MD & CEO
• Mr. EC Prasad - CFO
• Mr. Vishal Chadha - COO Consumer Products
• Mr. Rajesh Naik - COO Lighting Solutions

This strategic partnership and the upcoming earnings call highlight Bajaj Electricals' commitment to innovation and transparency in its operations, positioning the company at the forefront of smart lighting solutions in India's evolving urban landscape.