General Updates

L-1/0144/PG/PD October 28, 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.: Grant of stock options under ‘Bajaj Electricals Limited- Performance Stock Option Plan 2023’ (“PSOP Plan 2023”) Dear Sir/Madam, Pursuant to Regulation 30 (read with Part A of Schedule III) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we wish to inform you that the Nomination and Remuneration Committee of the Board of Directors of Bajaj Electricals Limited (“Company”), at its meeting held today, i.e., on October 28, 2026, has approved the grant of 88,222 Stock Options under the PSOP Plan 2023 to 7 eligible employees of the Company in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The details/disclosures, as required under Regulation 30 of the SEBI Listing Regulations, read with the SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on January 30, 2026, are enclosed herewith as ‘Annexure A’. Kindly note that the above information has not triggered the threshold of materiality; however, the same is being disclosed as a measure towards the adoption of good corporate governance practices by the Company. We request you to take the above on record and treat the same as compliance under the applicable laws, 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 Annexure A Pursuant to Regulation 30 of SEBI Listing Regulations (read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 last updated on January 30, 2026): Sr. Particulars Details 1B 2B 1. Brief details of options granted Grant of 88,222 Performance Stock Options (“Options”) 4B 5B under the ‘Bajaj Electricals Limited - Performance Stock Option Plan 2023’ (“PSOP Plan 2023”) to 7 eligible employees of the Company. 2. Whether the scheme is in terms of SEBI The PSOP Plan 2023 is in compliance with the SEBI 7B 8B (Share Based Employee Benefits and Sweat (Share Based Employee Benefits and Sweat Equity) Equity) Regulations, 2021 Regulations, 2021. 3. Total number of shares covered by these 88,222 Options and consequently 88,222 fully paid-up 10B 11B options equity shares of Rs.2/- (Rupees Two only) each, subject to the terms and conditions specified in the PSOP Plan 2023. 4. Pricing formula The exercise price of the options shall be equal to the 13B 14B face value of the equity share of the Company, i.e., Rs.2/- per equity share. 5. Options Vested Not Applicable. 16B 17B 6. Time within which option may be exercised The exercise period shall be two (2) years from the date 19B 20B of respective vesting of options, except for events specified in the PSOP Plan 2023. 7. Options Exercised Not Applicable. 22B 23B 8. Money realized by exercise of options Not Applicable. 25B 26B 9. The total number of shares arising as a result Not Applicable. 28B 29B of exercise of option 10. Options lapsed Not Applicable. 31B 32B 11. Variation of terms of options Not Applicable. 34B 35B 12. Brief details of significant terms The significant terms of the PSOP Plan 2023 are 37B 38B disclosed in the Explanatory Statement forming part of the Postal Ballot Notice dated November 6, 2023, which can be accessed at the Company’s website: https://www.bajajelectricals.com/pages/investors 13. Subsequent changes or cancellation or Not Applicable. 40B 41B exercise of such options 14. Diluted earnings per share pursuant to issue Not Applicable. 43B 44B of equity shares on exercise of options **** 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