Bajaj Electricals Faces Rs 398 Lakh GST Demand from West Bengal Authority 3 days ago
Bajaj Electricals has received an adverse order from the GST Authority in West Bengal, demanding Rs 398.00 lakh, including a Rs 17.83 lakh penalty, for disallowance of Input Tax Credit. The company is evaluating legal options, including filing an appeal before the Tribunal. Bajaj Electricals assures that this will not impact its financial operations or activities. The company has informed stock exchanges in compliance with SEBI regulations and has scheduled a Q1 Earnings Call to discuss unaudited financial results.
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More news about Bajaj Electricals
16Apr 25
Bajaj Electricals Inks Exclusive Deal with SEAK for Advanced Tunnel Lighting Controls
Bajaj Electricals Ltd. has entered into a three-year exclusive collaboration agreement with European lighting control systems specialist SEAK S.R.O. The partnership aims to supply advanced lighting control products for tunnel projects across India, with potential for expansion to other regions. This strategic move positions Bajaj Electricals to capitalize on India's growing infrastructure development, particularly in tunnel construction for road and rail networks. The collaboration combines SEAK S.R.O.'s expertise in advanced lighting control systems with Bajaj Electricals' strong market presence and distribution network in India.
28Mar 25
Bajaj Electricals Appoints Unilever Veteran Sanjay Sachdeva as New MD and CEO
Bajaj Electricals Ltd. has appointed Sanjay Sachdeva as its new Managing Director and Chief Executive Officer, effective April 15, 2025. Sachdeva, with over 30 years of experience in the consumer goods industry, joins from Unilever Japan. He will replace Shekhar Bajaj as a Key Managerial Personnel, while Bajaj continues as Executive Chairman. The company also designated Anand Joshi, current Chief Technology Officer, as Senior Management Personnel. Sachdeva's appointment is for three years, subject to shareholder approval.
19Mar 25
Bajaj Electricals Unveils Ambitious Expansion Plans in India and UAE
Bajaj Electricals Limited has revealed significant expansion plans. The company's board approved exploring the feasibility of a new ₹300 crore manufacturing unit in India and the formation of a wholly-owned subsidiary in the UAE. These strategic moves aim to enhance production capabilities domestically and expand the company's global footprint, particularly in the Middle East. The decisions were made during a board meeting on March 19, 2025.