Bajaj Electricals Ltd. Share Price

BAJAJ ELECTRICALS: SHEKHAR BAJAJ TO BECOME CHAIRMAN

BAJAJ ELECTRICALS: SHEKHAR BAJAJ TO BECOME CHAIRMAN EMERITUS; SAMPATHKUMAR NAMED NON-EXECUTIVE CHAIRMAN BAJAJELEC • Shekhar Bajaj to step down as Executive Chairman effective 31 Dec 2026; will become Non-Executive Director and Chairman Emeritus from 1 Jan 2027, subject to shareholder approval • Sudarshan Sampathkumar, currently an Independent Director, appointed Non-Executive Chairman effective 1 Jan 2027, subject to shareholder approval • Sanjay Sachdeva will continue as Managing Director & CEO and remain responsible for day-to-day operations, while the Non-Executive Chairman will lead the Board • New structure creates a clearer separation between executive management and Board leadership, with focus on governance, performance oversight, succession and risk management • Bajaj family will continue as long-term promoter and shareholder, with Shekhar Bajaj, Pooja Bajaj and Nirav Bajaj continuing on the Board Impact: Neutral — The move is primarily a governance and succession restructuring, with continuity in day-to-day management as the MD & CEO remains unchanged. The clearer separation between management and Board oversight could support governance, while the Bajaj family continues to retain Board representation.

Bajaj Fin Fundraising puts Nifty heavyweight in focus

BAJFINANCE Limited is in focus today after the company disclosed that its board will consider various fundraising options, including a preferential issue of equity shares and a Qualified Institutional Placement (QIP). Any fundraise would remain subject to applicable regulatory and shareholder approvals. The timing is interesting because Bajaj Finance was already among the strongest Nifty 50 performers on September 23, gaining 3.41% and closing at ₹1,043.20. The stock was also one of the biggest positive contributors to Wednesday's Nifty recovery. The important point for investors is that fundraising can have two sides. Fresh capital can strengthen the balance sheet and provide additional capacity for loan-book expansion. At the same time, an equity issuance can result in dilution for existing shareholders, depending on the structure and issue price. Therefore, the eventual terms matter more than the headline announcement. For a financial company such as Bajaj Finance, I would focus on how incremental capital translates into loan growth, return on equity, asset quality and profitability. A larger capital base is useful only if it can be deployed at attractive returns without compromising credit quality. From a technical perspective, ₹1,043 is today's immediate reference after Wednesday's strong close. The ₹1,050 zone could act as the next psychological level. Sustained trading above this area with volume would indicate continued buying interest, while a move back below ₹1,000 would bring the recent breakout structure into question. The broader market setup is also important. Nifty closed Wednesday at 23,446.80, gaining 0.50%, with financials and metals supporting the recovery. • Fundraising method and issue price • Potential equity dilution • Loan-book growth • Asset-quality trends • Return on equity • ₹1,050 price zone • Volume confirmation Disclosure:I have no holding or financial interest in Bajaj Finance Limited at the time of writing. !BAJAJELEC

Polycab’s ₹8,000 Cr Bet to Defend Leadership

Aditya Birla Group has launched UltraVolt with a ₹1,800 crore investment, entering India’s ₹1‑trillion wires and cables market. The move triggered a sharp decline in incumbents’ share prices, with POLYCAB down 7% and rivals like Havells, RR Kabel, and KEI losing 5–20%. Polycab’s defensive stance: Shashi Amin, Polycab’s CEO of B2B channel & corporate communication, vowed to go “all out” to defend its 30% market share. He emphasized that building scale in cables is far harder than in wires, requiring government approvals and long‑term relationships. Market dynamics: India’s wires and cables market is projected to grow to ₹1.5 trillion by 2030, driven by power grid expansion and real estate demand. Amin believes this growth will accommodate new entrants, though near‑term oversupply could pressure margins. Competitive landscape: UltraVolt aims to become a top‑two player within five years, leveraging Hindalco’s copper and aluminium production. Analysts warn of potential price wars, citing Birla’s earlier aggressive entry into paints with Birla Opus. Other challengers include Diamond Power (backed by Adani), Bajaj Electricals, and Crompton. Polycab’s expansion plan: The company has committed ₹8,000 crore in capex over four years, far exceeding Birla’s initial spend. It targets doubling its 2025 base by 2030, with growth opportunities in data centres, where each megawatt requires about ₹3.5 crore worth of wires and cables. Margin pressure concerns: Analysts caution that UltraVolt’s brand strength and pricing strategy could erode incumbents’ pricing power. Polycab, however, remains confident in its ability to sustain leadership through scale, execution, and diversified demand drivers.

Bajaj Electricals Declares ₹3 Final Dividend for FY26

💰 BAJAJELEC has announced a final dividend of ₹3.00 per equity share for FY2025-26. Shareholders eligible for concessional or nil TDS are required to submit the necessary tax documents by July 17, 2026, to ensure the appropriate tax deduction on the dividend payout.

JBMA

### Corporate News | 8th June 2026 **JBMA :** The company remains in focus following the expansion of its electric bus fleet, reinforcing its strategic commitment toward sustainable and green urban mobility solutions. **!Heromotoco :** The stock is being closely monitored as the company begins the rollout of its new range of flex-fuel motorcycles, aligning with the industry’s transition toward cleaner and alternative energy mobility solutions. **Mitsu Chem Plast:** The company has announced plans to expand manufacturing capacity at its Khalapur facility through an investment of approximately ₹3.5 crore in additional machinery to cater to rising demand. **!Bajajelec :** The company has officially entered the cables segment, further diversifying its product portfolio beyond the lighting solutions business and strengthening its presence in the electricals market. **Consecutive Commodities & Ravindra Energy:** Both companies have fixed 8th June 2026 as the Ex-Date for their respective Rights Issues of equity shares. **Unified Data Tech Solutions:** Today marks the Ex-Date for the company’s interim dividend of ₹5.5 per share, making the stock eligible for dividend adjustment trading.

Bajaj Electricals Faces GST Demand in Appeal Order

⚖️ BAJAJELEC has received an adverse appellate order upholding a GST demand of ₹16.42 lakh, including a penalty of ₹1.49 lakh, related to excess input tax credit (ITC) claimed for FY2019–20.