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Company Profile

BAJAJ ELECTRICALS LTD.

NSE : BAJAJELECBSE : 500031ISIN CODE : INE193E01025Industry : Consumer Durables - Domestic AppliancesHouse : Bajaj
BSE905.604.05 (+0.45 % )
PREV CLOSE (Rs.) 901.55
OPEN PRICE (Rs.) 919.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 6857
TODAY'S LOW / HIGH (Rs.)898.85 921.00
52 WK LOW / HIGH (Rs.)898.85 1325.9
NSE907.65 5.1 (+0.57 % )
PREV CLOSE(Rs.) 902.55
OPEN PRICE (Rs.) 902.55
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 907.65 (37 )
VOLUME 41089
TODAY'S LOW / HIGH(Rs.) 902.50 921.95
52 WK LOW / HIGH (Rs.)900 1327.7

Company News

Date Heading Details
08-Mar-2024 Bajaj Electricals informs about disclosure <div style="text-align: justify;">Pursuant to the provisions of Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI Listing Regulations'), and further to its letter dated March 1, 2024, Bajaj Electricals has informed that the Company has received on March 7, 2024 a certified true copy of the order dated March 1, 2024 (‘Order') passed by the Hon'ble NCLT approving the Scheme, along with a certified true copy of the Scheme. The copies of the said Order and Scheme are enclosed. The company has also informed that there are no changes carried out by the Hon'ble NCLT in the final approved Scheme vis-à-vis the draft Scheme approved by the SEBI/Stock Exchanges.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.&nbsp;</div><div><br></div>
07-Mar-2024 Bajaj Electricals informs about disclosure <p style="text-align: justify;">Pursuant to the provisions of Regulation 30, read with sub-paragraph 20 of Para A Parts A and B of Schedule III of the SEBI Listing Regulations and the Company's Policy on Determination of Materiality for Disclosure of Events or Information, Bajaj Electricals has informed that, following an audit under section 65(9) of the KGST/CGST Act, 2017, and the scrutiny of GST returns filed by the Company in the State of Karnataka for the financial year 2018-19, by the Office of the Assistant Commissioner of Commercial Taxes, Audit1.9, DGSTO-01, Bengaluru (‘GST Authority'), as a procedural matter and considering the low quantum, the Company has opted to pay certain claims (upto Rs.11.75 lakh) made against the Company by the said GST Authority vide its show cause notice dated January 25, 2024, on account of alleged reverse charge mechanism (RCM) liability and alleged reversal of ineligible input tax credit (ITC), which includes a payment of general/nominal penalty of Rs 0.59 lakh, without opting to appeal these matters to higher authorities. There is no impact on financial operations or any other activities of the Company due to this.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p>
02-Mar-2024 Bajaj Electricals informs about updates <div>Bajaj Electricals has informed that the Hon'ble National Company Law Tribunal, Mumbai Bench, vide its order dated March 01, 2024 (Order) [passed in the matter of Company Scheme Petition No. C.P (C.A.A)/250(MB)2023 connected with C.A. (CAA)/246(MB)2022) (Petition) in respect of the Scheme], has approved the Scheme of Merger by Absorption of Nirlep Appliances (Transferor Company) with Bajaj Electricals (Transferee Company) and their respective shareholders under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme). A copy of the said Order, as received by the Company, is enclosed.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div>
29-Feb-2024 Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS Allotment of 94125 equity shares of Rs. 2 each on exercise of options by eligible employees
29-Feb-2024 Bajaj Electricals informs about allotment of equity shares <p style="text-align: justify;">Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI Listing Regulations'), Bajaj Electricals has informed that the Stakeholders' Relationship Committee, at its Meeting held today on February 29, 2024, has approved the allotment of 94125 equity shares of Rs 2 each, fully paid-up, in favour of 46 Employees who had been granted stock options under the Company's ESOP Schemes. Post this allotment, the issued, subscribed and paid-up capital of the Company shall comprise of 11,51,96,078 equity shares of Rs 2 each fully paid-up amounting to Rs 23,03,92,156.&nbsp;</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p>
05-Feb-2024 Grant Of 32,500 Stock Options Under Employee Stock Option Scheme 2015 Grant of 32,500 Stock Options under Employee Stock Option Scheme 2015
05-Feb-2024 Bajaj Electricals informs about outcome of board meeting <div style="text-align: justify;">Further to the letter dated January 24, 2024, and pursuant to the provisions of Regulations 30 (read with Part A of Schedule Ill) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (SEBI Listing Regulations), Bajaj Electricals has clarified that it has enclosed the following statements for the third quarter and nine months ended December 31, 2023, which were approved and taken on record by the board of directors at its Meeting: The Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended December 31, 2023, along with the Limited Review Reports as provided by the Statutory Auditors thereon as 'Annexure A'; and Press Release as 'Annexure B'. The Meeting commenced at 11:00 am and concluded at 1:35 pm.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div>
07-Dec-2023 Bajaj Electricals informs about disclosure <p style="text-align: justify;">Pursuant to the provisions of Regulation 30 (read in conjunction with Part A of Schedule III) of the SEBI Listing Regulations, and the Company's Policy on the Determination of Materiality for Disclosure of Events or Information, Bajaj Electricals has informed that the Company has received an order from the Office of Asst. Commissioner of Income Tax, giving effect to the order of the Hon'ble Bombay High Court regarding the Scheme of Demerger between Hind Lamps and the Company and their respective shareholders and creditors, under Section 143(3) read with Section 260(1A) of the Income Tax Act, 1961, which results in a refund of Rs 11.17 crore for assessment year 2020-21.&nbsp;</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div>
02-Dec-2023 Bajaj Electricals informs about disclosure <p style="text-align: justify;">Bajaj Electricals has informed that the company, through its letter dated December 1, 2023, has notified the Company of being awarded a supply of plant and installation service contract by PowerGrid Energy Services, aggregating to Rs 142.28 crore (Contract). The details regarding the said Contract are provided in the enclosed Letter.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p>
18-Nov-2023 Bajaj Electricals informs about disclosure <div style="text-align: justify;">Bajaj Electricals has informed that the Company has received an order from the Office of Asst. Commissioner of Income Tax, giving effect to the order of the Hon'ble Bombay High Court regarding the scheme of demerger between Hind Lamps Limited and the Company, under section 143(3) read with section 260(1A) of the Income Tax Act, 1961, which results in a refund of Rs. 9.87 crore for assessment year 2016-17.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div>