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.

Bajaj Electricals , a prominent player in the consumer electronics and appliances sector, has successfully contested a GST demand, resulting in a favorable outcome for the company. The Joint Commissioner of CGST Division, Jaipur, has issued an appeal order fully dropping the demand of Rs 60.93 lakh, which included a penalty of Rs 5.54 lakh.

Background of the Case

The dispute originated from an order issued by the Assistant Commissioner, CGST Division–I, Jaipur, Rajasthan, alleging short payment of tax by Bajaj Electricals. In response to this allegation, the company had filed an appeal challenging the original order.

Appeal Outcome

The recent appeal order marks a significant victory for Bajaj Electricals. The GST Authority has completely dropped the demand, vindicating the company's stance on the matter. This decision effectively nullifies the entire amount of Rs 60.93 lakh that was initially demanded.

Financial Implications

Bajaj Electricals has stated that this resolution has no impact on its financial operations or other activities. The company's proactive approach in contesting the demand and the subsequent favorable ruling demonstrate its commitment to maintaining compliance while protecting its financial interests.

Regulatory Compliance

In adherence to regulatory requirements, Bajaj Electricals has duly informed the stock exchanges about this development. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Another GST Appeal Resolution

On the same day, Bajaj Electricals also received a favorable outcome in another GST-related appeal. In this case, the original demand of Rs 41.16 lakh, which included a penalty of Rs 27.41 lakh, was significantly reduced to Rs 13.79 lakh, with the penalty component reduced to Rs 1.25 lakh.

These resolutions in GST-related matters underscore Bajaj Electricals' effective management of regulatory challenges and its commitment to maintaining transparency with its stakeholders.