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 has announced its strategic entry into the solar solutions business, marking a significant expansion of its operations into the renewable energy sector. The company disclosed this development through a regulatory filing, under Regulation 30 of the SEBI Listing Regulations.

Business Expansion Details

The management has decided to incorporate solar solutions as a new line of business under the company's existing Lighting Solutions segment. This move represents a strategic diversification initiative aimed at expanding Bajaj Electricals' portfolio in the energy solutions space.

Strategic Benefits and Objectives

The company has outlined clear expectations for this new venture, focusing on long-term growth and market diversification. According to the disclosure, this strategic initiative is expected to support expansion and diversification of Bajaj Electricals' business operations while contributing to sustainable growth.

The solar solutions business aligns with the growing demand for renewable energy solutions and represents a natural extension of the company's existing lighting solutions portfolio.

Investment Approach and Market Assessment

Bajaj Electricals has adopted a measured approach to this business expansion, emphasizing market assessment before committing to specific investment levels. Key aspects of the investment strategy include:

• Initial product and service launch to gauge market response
• Comprehensive market assessment to determine investment requirements
• Investment decisions based on multiple factors including anticipated scale of operations
• Consideration of market opportunity and operational needs
• Evaluation of prevailing external factors for optimal capital deployment

Regulatory Compliance

The announcement was made in compliance with SEBI Listing Regulations, specifically under Regulation 30 and related provisions. The disclosure follows Bajaj Electricals' Policy on Determination of Materiality for Disclosure of Events or Information, ensuring transparency with stakeholders and regulatory authorities.

This expansion into solar solutions positions Bajaj Electricals to capitalize on the growing renewable energy market while leveraging its existing expertise in lighting solutions. The phased approach to investment and market assessment demonstrates prudent business planning as the company ventures into this new sector.