Bajaj Electricals Limited held its Board Meeting on Monday, February 9, 2026, where it approved the Unaudited Standalone and Consolidated Financial Results for the third quarter and nine months ended December 31, 2025. The Board also approved the appointment of Mr. Pramod Agrawal as an Additional Independent Director for a term of five years, effective the same day. Furthermore, the sale of office premises in Sion, Mumbai, was sanctioned for Rs. 26.53 crore.
Financial Performance for Q3 FY2026
The Board of Directors of Bajaj Electricals Limited officially approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. These results were reviewed by the Audit Committee prior to board approval on February 09, 2026.
Standalone Results Highlights (ended December 31, 2025)
For the quarter ended December 31, 2025, the standalone results showed a Net Profit/(Loss) of (Rs. 2,921 Lakhs), compared to a profit of Rs. 1,463 Lakhs in the corresponding quarter of the previous year. For the nine months ended the same date, the consolidated Net Profit/(Loss) was (Rs. 1,294 Lakhs), against a profit of Rs. 7,437 Lakhs year-on-year. Earnings Per Share (Basic after exceptional items) for the quarter stood at (Rs. 2.53).
Consolidated Results Highlights (ended December 31, 2025)
On a consolidated basis, the Group registered a Net Profit/(Loss) for the period of (Rs. 3,410 Lakhs) for the quarter ended December 31, 2025, contrasting with a profit of Rs. 986 Lakhs in Q3 FY25. The loss for the nine-month period was (Rs. 2,333 Lakhs). The consolidated Earnings Per Share (Basic after exceptional items) for the quarter was (Rs. 2.95).
Appointment of Independent Director
The Board approved the recommendation from the Nomination and Remuneration Committee to appoint Mr. Pramod Agrawal (DIN: 00279727) as an Additional Director in the category of Independent Director. This appointment is effective from February 9, 2026, for a term of five (5) years, and he will not be liable to retire by rotation. Mr. Agrawal is noted as the former Chairman and Managing Director (‘CMD’) of Coal India Limited, bringing substantial administrative experience from his tenure as an IAS Officer.
Sale of Sion Office Properties
The Board approved the sale of company-owned office premises located at Rustomjee Aspiree, Sion, Mumbai, for an aggregate cash consideration of Rs. 26.53 crore (excluding ancillary expenses). The transaction involves two parts:
- Ground Floor Property (3,112 sq. ft.) sold to Bajaj General Life Insurance Limited (‘BAGIC’) for Rs. 9.94 crore.
- Fifth Floor Property (5,130 sq. ft.) sold to Bajaj Life Insurance Company Limited (‘BALIC’) for Rs. 16.59 crore.
The Board confirmed that this sale does not constitute a transfer of substantially the whole undertaking and confirmed the transaction is being undertaken at an “arm’s length” basis, despite being a related party transaction.
Minimum Remuneration Ratification
The Board also approved, subject to shareholder approval via Postal Ballot, the ratification of minimum remuneration paid and/or payable to Directors for FY 2025–26, ensuring compliance with the Companies Act, 2013, even in scenarios of inadequate or absent profits.
Source: BSE
