The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for HDFC Mutual Fund

October 28, 2026 Mr. Prashant Dalvi BHAROSA APNO KA Company Secretary & Compliance Officer Bajaj Electricals Limited 45/47 Veer Nariman Road, Mumbai, Maharashtra, 400001 Tel. No. - 022-22043841 Fax No.-022-22851279 Dear Sir, Sub: Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations. 2011 We refer to our letter dated August 23, 2024 wherein we had mentioned that as on August 21, 2024, the aggregate holding of the Schemes of HDFC Mutual Fund in "Bajaj Electricals Ltd." ("The Company") was 9.28% of the paid up equity share capital of the Company (Paid up Equity Share Capital being Rs. 23,04,65,906/- comprising 11,52,32,953 Equity Shares of Rs. 21- each). Further, in accordance with the captioned regulation and other applicable laws / regulations, if any, we wish to inform you that there has been a decrease in the shareholding of the Company by the Schemes of HDFC Mutual Fund by 2.01% as of October 26, 2026. As on October 26, 2026 the aggregate holding of the Schemes of HDFC Mutual Fund in the Company is 7.25% of the paid up equity share capital of the Company (Paid up Equity Share Capital being Rs. 23,08,47,272/- comprising 11,54,23,636 Equity Shares of Rs. 21- each). As per Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 please find enclosed the details of change in the shareholding in the prescribed format enclosed as Annexure 1. Kindly acknowledge receipt of the same. Thanking you, Yours faithfully, For HDFC Asset Management Company Limited Dinesh Bhakade Lead - Compliance Governance End: As above Listing Department Listing Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra - Kurla Complex Dalai Street, Bandra (E), Mumbai - 400 051. Mumbai-400 001. Tel.: 022- 2659 8190 Fax: 022- 2659 8191 Fax: 022-2272 3121 HDFC Asset Management Company Limited CIN No.: L65991MH1999PLC123027 Registered Office : "HDFC House", 2nd Floor, H.T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020 Tel.: 91-22-6631 6333 Website : www.hdfcfund.com MUTUA Annexure-1 BHAROSA APNO KA Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 Name of the Target Company (TC) Bajaj Electricals Ltd. Name(s) of the acquirer and Persons HDFC Mutual Fund: Acting in Concert (PAC) with the HDFC Trustee Company Limited A/c - acquirer HDFC Housing Opportunities Fund HDFC Manufacturing Fund HDFC Retirement Fund - Equity Plan HDFC Small Cap Fund HDFC ELSS - Tax saver Fund Whether the acquirer belongs to NO Promoter/ Promoter group Name(s) of the Stock Exchange(s) where BSE Limited the shares of TC are Listed National Stock Exchange of India Limited Details of the acquisition / disposal as Number % w.r.t. total % w.r.t. total follows share/ voting diluted share/ capital voting capital of wherever the TC (**) applicable (*) Before the acquisition under consideration, holding of: a) Shares carrying voting rights 1,06,94,318 9.27 N.A b) Shares in the nature of encumbrance 0 0 N.A (pledge/ lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by 0 0 N.A shares d) Warrants/ convertible securities/ any 0 0 N.A other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d) 1,06,94,318 9.27$ N.A $(The last disclosure reported a holding of 9.28% as on August 21, 2024, vide letter dated August 23, 2024, based on the then paid-up equity share capital of Rs 23,04,65,906 comprising 11,52,32,953 equity shares of Rs 02/- each. Based on the current paid-up capital, the holding now stands at 9.27%) Details of Acquisition/Sale: a) Shares carrying voting rights 23,25,060 2.01 N.A acquired/sold b) VRs acquired /sold otherwise than by 0 0 N.A shares MUTUAlrfUND Annexure-1 BHAROSA APNO KA Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 c) Warrants/convertible securities/any 0 0 N.A other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired/sold d) Shares encumbered/invoked/released 0 0 N.A by the acquirer el Total (a+b+c+/-d^ 23.25.060 2.01 N.A After the Acquisition/Sale, holdinq of: a) Shares carrying voting rights 83,69,258 7.25 N.A b) Shares encumbered with the acquirer 0 0 N.A c) VRs otherwise than by shares 0 0 N.A d) Warrants/convertible securities/any 0 0 N.A other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition. e) Total (a+b+c+d) 83,69,258 7.25 N.A Mode of acquisition/sale (e.g. open Open Market market / off-market / public issue / rights issue / preferential allotment / inter-se transfer etc). Date of acquisition/sale of shares / VR ©f October 26, 2026 date of receipt of intimation of allotment of shares, whichever is applicable Equity share capital / total voting capital Rs. 23,08,47,272/- comprising 11,54,23,636 equity of the TC before the said acquisition/sale shares of Rs. 21- each. Equity share capital/ total voting capital of Rs. 23,08,47,272/- comprising 11,54,23,636 equity the TC after the said acquisition/sale shares of Rs. 21- each. Total diluted share/voting capital of the N.A. TC after the said acquisition/sale (*) Total share capital/ voting capital has been taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement. (**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC. For HDFC Asset Management Company Limited (Investment Manager for the Schemes of HDFC Mutual Fund) Dinesh Bhakade Lead - Compliance Governance Place: Mumbai Date: October 28, 2026 Page 2 of 2