Bajaj Electricals Limited has disclosed receiving a GST demand order worth ₹237.90 lakhs from tax authorities in West Bengal for alleged short payment of tax liability during FY 2021-22. The company made this disclosure under Regulation 30 of SEBI Listing Regulations on December 26, 2025.

GST Demand Details

The order was issued by the Office of the Deputy Commissioner, Large Taxpayer Unit, Corporate Division, West Bengal under Section 73(9) of the CGST/WBGST Act, 2017. The company received the order on December 26, 2025, at 16:33 hours.

The GST authority has raised the demand on various grounds alleging short payment of tax liability by the company for the financial year 2021-22.

Company's Response and Legal Options

Bajaj Electricals' management is currently evaluating legal options to contest the demand order. The company has indicated that these options include filing an appeal before the appropriate tribunal against the said order.

The electrical equipment manufacturer has emphasized that there is no impact on the financial operations or any other activities of the company due to this order. This suggests that the company views the demand as contestable and does not expect it to materially affect its business operations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed this information in line with its Policy on the Determination of Materiality for Disclosure of Events or Information.

The disclosure was signed by Prashant Dalvi, Chief Compliance Officer & Company Secretary, ensuring proper corporate governance protocols were followed in communicating this development to stakeholders and regulatory authorities.

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.