General Updates

L-1/0088/PG/PD June 26, 2026 BSE Limited : Code No. 500031 Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street Mumbai 400 001 National Stock Exchange of India Limited : BAJAJELEC - Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Sub.: Communication on Tax Deduction at Source (TDS) on dividends Dear Sir/Madam, We, Bajaj Electricals Limited (“Company”), hereby would like to inform you that the Company has sent a detailed communication to all the shareholders holding shares as of Friday, June 19, 2026, whose email addresses are registered with the Company/Depositories, indicating the process and documentation/s required for claiming exemption/s from deduction/withholding of tax on the dividend recommended by the Board of Directors of the Company for the FY 2025-26. A copy of the email communication sent to the shareholders is enclosed along with this letter and is also being uploaded on the website of the Company. We request you to take the above on record and treat it as compliance under the applicable provisions of the SEBI Listing Regulations, if any. Thanking you, Yours faithfully, For Bajaj Electricals Limited Prashant Dalvi Chief Compliance Officer & Company Secretary (ICSI Membership No.: A51129) Encl.: As above. Bajaj Electricals Limited | CIN: L31500MH1938PLC009887 Registered Office: Mulla House, 2nd Floor, 51 Mahatma Gandhi Road, Fort, Mumbai 400 001 Tel: 022 6149 7000 | Website: www.bajajelectricals.com | E-mail: legal@bajajelectricals.com BAJAJ ELECTRICALS LIMITED CIN: L31500MH1938PLC009887 Registered Office: Mulla House, 2nd Floor, 51, Mahatma Gandhi Road, Fort, Mumbai 400001 Tel.: 022-6149 7000 Email: legal@bajajelectricals.com | Website: www.bajajelectricals.com Date: June 26, 2026 Ref: Folio / DP Id & Client Id No: …………………. Name of the Shareholder: …………………………. Dear Shareholder, Subject: Bajaj Electricals Limited - Communication on Tax Deduction at Source (TDS) on dividends We wish to inform you that the Board of Directors of your Company has, at its Meeting held on May 15, 2026, recommended a final dividend of Rs.3.00 per equity share of the face value of Rs.2/- each, for the financial year ended March 31, 2026, subject to the approval of the shareholders at the ensuing 87th Annual General Meeting (“87th AGM”/“AGM”). The important dates in this regard are as follows: Event Date AGM Thursday, August 6, 2026 Record date Friday, July 17, 2026 Dividend payout date On or before August 10, 2026 Last date to submit tax related documents Friday, July 17, 2026 As per the Income Tax Act, 2025 (hereinafter referred as ‘the IT Act’), dividends paid or distributed by the Company shall be taxable in the hands of the shareholders. Therefore, the Company is required to deduct tax at source (TDS) at the prescribed rates applicable to each category of shareholders. SECTION A: FOR ALL SHAREHOLDERS – UPDATION OF DETAILS, AS APPLICABLE All shareholders are requested to ensure that the below information and details are completed and/or updated, as applicable, in their respective demat account(s) maintained with the Depository Participant(s) or in case of shares held in physical form, with MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), Company’s Registrar to an Issue and Share Transfer Agent (‘RTA’), on or before the Record Date i.e., Friday, July 17, 2026. Please note that the following information & details, if already registered with the RTA and Depositories, as the case may be, will be relied upon by the Company, for the purpose of complying with the applicable TDS provisions: I. Valid Permanent Account Number (PAN)*. II. Residential status as per the IT Act i.e., Resident or Non-Resident for the Financial Year 2026-27. III. Category of the Shareholder viz. Mutual Fund, Insurance Company, Alternate Investment Fund (AIF) Category I and II, AIF Category III, Government (Central/State Government), Foreign Portfolio Investor (FPI)/Foreign Institutional Investor (FII): Foreign Company, FPI/FII: Others (being Individual, Firm, Trust, Artificial Juridical Person, etc.), Individual, Hindu Undivided Family (HUF), Firm, Limited Liability Partnership (LLP), Association Bajaj Electricals Limited | CIN: L31500MH1938PLC009887 Registered Office: Mulla House, 2nd Floor, 51 Mahatma Gandhi Road, Fort, Mumbai 400 001 Tel: 022 6149 7000 | Website: www.bajajelectricals.com | E-mail: legal@bajajelectricals.com of Persons (AOP), Body of Individuals (BOI) or Artificial Juridical Person, Trust, Domestic Company, Foreign Company, Overseas Corporate Bodies, etc. IV. Email Address. V. Residential Address. As per the SEBI Notification dated November 18, 2025 read with Master Circular for Registrars to an Issue and Share Transfer Agents dated February 6, 2026, companies are required to pay dividends to shareholders only through electronic mode. Accordingly, dividends will be withheld by the Company where bank details are inadequate or not registered for electronic remittance. The shareholders holding shares in physical form are requested to register their PAN and KYC details with the Company/RTA for release of outstanding dividend(s), while the shareholders holding shares in demat form are requested to update their bank details with their Depository Participant(s). The relevant investor service request forms in this regard are available on the website of the Company https://www.bajajelectricals.com/pages/investors and RTA https://web.in.mpms.mufg.com/KYC- downloads.html. SECTION B: TDS PROVISIONS AND DOCUMENTS REQUIRED, AS APPLICABLE FOR RELEVANT CATEGORY OF SHAREHOLDER(S) Shareholders are requested to take note of the TDS rates and document(s), if any, required to be submitted to the Company/RTA by Friday, July 17, 2026 for their respective category, in order to comply with the applicable TDS provisions. I. FOR RESIDENT SHAREHOLDERS: Category of shareholders Exemption applicability / Documentation requirement Mutual Funds No TDS is required to be deducted as per Section 393(5) of the IT Act, subject to specified conditions. Self-attested copy of valid SEBI registration certificate needs to be submitted. Insurance Companies No TDS is required to be deducted as per Section 393(4) (Table Sl. No.10) of the IT Act, subject to specified conditions. Self-attested copy of valid IRDAI registration certificate needs to be submitted. Category I and II Alternative No TDS is required to be deducted as per Section 393(4) (Table Sl. No.14) of Investment Fund the IT Act, subject to specified conditions. Self-attested copy of valid SEBI registration certificate needs to be submitted. Recognized Provident Fund No TDS is required to be deducted as per Circular No.18/2017, subject to specified conditions. Self-attested copy of a valid Order from Commissioner under Rule 3 of Part A of Schedule XI of the IT Act, or self- attested valid documentary evidence (e.g. relevant copy of registration, notification, order, etc.) in support of the provident fund being established under a scheme framed under the Employees’ Provident Funds Act, 1952 needs to be submitted. Approved Superannuation Fund No TDS is required to be deducted as per Circular No.18/2017, subject to specified conditions. Self-attested copy of valid approval granted by Commissioner under Rule 2 of Part B of Schedule XI of the IT Act needs to be submitted. Approved Gratuity Fund No TDS is required to be deducted as per Circular No.18/2017, subject to specified conditions. Self-attested copy of valid approval granted by Commissioner under Rule 2 of Part B of Schedule XI of the IT Act needs to be submitted. National Pension Scheme No TDS is required to be deducted as per Section 393(9) of the IT Act. Government (Central/State) No TDS is required to be deducted as per Section 393(5) of the IT Act. Bajaj Electricals Limited | CIN: L31500MH1938PLC009887 Registered Office: Mulla House, 2nd Floor, 51 Mahatma Gandhi Road, Fort, Mumbai 400 001 Tel: 02 [Showing first 8,000 characters — download PDF for full document]