Bajaj Electricals announced the outcome of its Board Meeting held on February 9, 2026. Key highlights include the approval of the Unaudited Financial Results for Q3 and nine months ended December 31, 2025, and the appointment of Mr. Pramod Agrawal as an Additional Independent Director. Additionally, the Board approved the sale of office properties in Sion, Mumbai, for an aggregate consideration of Rs. 26.53 crore.
Financial Performance Highlights (Standalone)
The Board of Directors of Bajaj Electricals Limited approved the Unaudited Standalone Financial Results for the third quarter and the nine months period ended December 31, 2025. While specific top-line figures are detailed in the accompanying statements, the standalone Net Profit/(Loss) for the quarter ended December 31, 2025, stood at a loss of Rs. 2,921 lakhs, compared to a profit of Rs. 1,463 lakhs in the corresponding previous year quarter. For the nine months ended December 31, 2025, the standalone net loss was Rs. 1,294 lakhs.
Appointment of New Director
Based on the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Pramod Agrawal (DIN: 00279727) as an Additional Director in the category of Independent Director. This appointment is for a term of five (5) years, effective from February 9, 2026. Mr. Agrawal is the former Chairman and Managing Director of Coal India Limited and possesses extensive administrative experience, including roles in the Ministry of Finance, Government of India.
Approval for Minimum Remuneration
In a measure of prudence, the Board also approved, ratified, and confirmed the payment of minimum remuneration to Directors for FY 2025–26, in the event of inadequate or absence of profits. This approval is subject to the necessary shareholder approval via Postal Ballot.
Sale of Sion Office Properties
The Board approved the sale of two company-owned office premises located at Rustomjee Aspiree, Sion, Mumbai, on an “as is, where is” basis. The properties were sold to entities related to the Bajaj Group for an aggregate cash consideration of Rs. 26.53 crore (excluding duties and charges).
- Ground Floor Property (3,112 sq. ft.): Sold to Bajaj General Life Insurance Limited for Rs. 9.94 crore.
- Fifth Floor Property (5,130 sq. ft.): Sold to Bajaj Life Insurance Company Limited for Rs. 16.59 crore.
This sale does not constitute a transfer of substantially the whole of the undertaking.
Consolidated Performance Overview
The Consolidated Financial Results show that for the quarter ended December 31, 2025, the consolidated net loss attributable to owners was Rs. 3,085 lakhs. For the nine months period ended the same date, the consolidated net loss attributable to owners was Rs. 1,433 lakhs. This performance includes the Group’s share of net loss from associates and joint ventures.
Segment Analysis (Consolidated)
The results, categorized by segments (Consumer Products and Lighting Solutions), illustrate varying performances:
- Consumer Products Revenue: Stood at Rs. 77,681 lakhs for the quarter.
- Lighting Solutions Revenue: Stood at Rs. 27,410 lakhs for the quarter.
- The segment profit/loss before tax (excluding exceptional items and share of JV/Associate profit) showed a loss of Rs. 2,028 lakhs for the quarter in the consolidated results, largely driven by the Consumer Products segment loss of Rs. 3,599 lakhs.
Auditor Review Confirmation
The standalone and consolidated financial results were reviewed by the Statutory Auditors, SRBC & Co LLP, who issued their respective Unaudited Review Reports, confirming that nothing came to their attention to suggest material misstatement in the results.
Source: BSE
