Bajaj Electricals will hold a meeting of the Board of Directors of the Company on 14 May 2024.Powered by Capital Market - Live News

The Board of Bajaj Electricals will meet on 14 May 2024 to consider a proposal for raising of funds by way of issuance of securities on a private placement basis. Powered by Capital Market - Live News

Bajaj Electricals announced that Ravindra Singh Negi, Chief Operating Officer � Consumer Products Business, a Senior Management Personnel of the Company has tendered his resignation from the services of the Company with effect from 29 May 2024. Powered by Capital Market - Live News

Bajaj Electricals announced that under the scheme of arrangement between Bajaj Electricals (demerged company) and Bajel Projects (resulting company), the company has licensed the mark `Bajaj` in favour of Bajel Projects for a period of three years commencing from effective date (i.e. 01 September 2023). As a royalty, resulting company shall pay to the demerged company a sum equivalent to one percent (1%) of the net sales generated from third-party goods bearing the Licensed Trademark, excluding sales derived from the contract for the supply of goods to the demerged company itself.Both companies are part of the same group of companies; however, neither company holds shares in the other. Further, the above transaction(s) are on an arm`s length basis.Powered by Capital Market - Live News

Net profit of Bajaj Electricals declined 38.87% to Rs 37.36 crore in the quarter ended December 2023 as against Rs 61.12 crore during the previous quarter ended December 2022. Sales declined 5.82% to Rs 1225.99 crore in the quarter ended December 2023 as against Rs 1301.81 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1225.991301.81 -6 OPM %4.708.11 - PBDT80.02101.88 -21 PBT50.4884.47 -40 NP37.3661.12 -39 Powered by Capital Market - Live News