Bajaj Electricals has appointed Pooja Bajaj (DIN 08254455) as an Additional Whole-time Director of the Company, with the designation and title of `Executive Director`, for a period of five years effective from 14 May 2024 to 13 May 2029. Powered by Capital Market - Live News

The Board of Bajaj Electricals at its meeting held on 14 May 2024 has approved a proposal to obtain an enabling approval of shareholders, at their forthcoming 85th AGM, to borrow funds from time to time (if required) by way of issuance of unsecured non-convertible debentures and/or commercial papers, upto an amount not exceeding Rs.500 crore to the eligible investors on a private placement basis, in one or more tranches, considering the prevailing money market conditions at the time of borrowing.Powered by Capital Market - Live News

Net profit of Bajaj Electricals declined 43.61% to Rs 29.31 crore in the quarter ended March 2024 as against Rs 51.98 crore during the previous quarter ended March 2023. Sales declined 8.47% to Rs 1180.98 crore in the quarter ended March 2024 as against Rs 1290.31 crore during the previous quarter ended March 2023.For the full year,net profit declined 39.08% to Rs 131.79 crore in the year ended March 2024 as against Rs 216.34 crore during the previous year ended March 2023. Sales declined 5.04% to Rs 4622.35 crore in the year ended March 2024 as against Rs 4867.77 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales1180.981290.31 -8 4622.354867.77 -5 OPM %4.217.33 -5.627.70 - PBDT54.64103.30 -47 282.68376.17 -25 PBT24.4580.92 -70 173.10302.39 -43 NP29.3151.98 -44 131.79216.34 -39 Powered by Capital Market - Live News

Bajaj Electricals announced that the 85th Annual General Meeting(AGM) of the company will be held on 6 August 2024.Powered by Capital Market - Live News

Bajaj Electricals announced that the Board of Directors of the Company at its meeting held on 14 May 2024, has recommended a Final dividend of Rs.3 per share (i.e.150%), subject to the approval of the shareholders.Powered by Capital Market - Live News