General Updates

L-1/0107/JG/PD August 6, 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 and vesting 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 August 6, 2026, has, inter-alia, approved: A. The grant of 81,983 Stock Options under the PSOP Plan 2023 to 7 eligible employees of the Company in accordance with the applicable provisions of 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’. B. The vesting of 75,358 Stock Options under the PSOP Plan 2023 to 259 eligible employee cases of the Company in accordance with the applicable provisions of 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 B’. 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. 1BParticulars 2BDetails 1. 4BBrief details of options granted 5BGrant of 81,983 Performance Stock Options (“Options”) under the ‘Bajaj Electricals Limited - Performance Stock Option Plan 2023’ (“PSOP Plan 2023”) to 7 (seven) eligible employees of the Company. 2. 7BWhether the scheme is in terms of SEBI 8BThe PSOP Plan 2023 is in compliance with the SEBI (Share Based Employee Benefits and Sweat (Share Based Employee Benefits and Sweat Equity) Equity) Regulations, 2021 Regulations, 2021. 3. 10BTotal number of shares covered by these 11B8181,983 options and consequently 81,983 fully paid-up options equity shares of Rs.2/- (Rupees Two only) each, subject to the terms and conditions specified in the PSOP Plan 2023. 4. 13BPricing formula 14BThe exercise price of the options shall be equal to the face value of the equity share of the Company, i.e., Rs.2/- per equity share. 5. 16BOptions Vested 17BNot Applicable. 6. 19BTime within which option may be exercised 20BThe exercise period shall be two (2) years from the date of respective vesting of options, except for events specified in the PSOP Plan 2023. 7. 22BOptions Exercised 23BNot Applicable. 8. 25BMoney realized by exercise of options 26BNot Applicable. 9. 28BThe total number of shares arising as a result 29BNot Applicable. of exercise of option 10. 31BOptions lapsed 32BNot Applicable. 11. 34BVariation of terms of options 35BNot Applicable. 12. 37BBrief details of significant terms 38BThe significant terms of the PSOP Plan 2023 are 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. 40BSubsequent changes or cancellation or 41BNot Applicable. exercise of such options 14. 43BDiluted earnings per share pursuant to issue 44BNot Applicable. 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 Annexure B 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. 1BParticulars 2BDetails 1. 4BBrief details of options granted Not Applicable. 2. 7BWhether the scheme is in terms of SEBI 8BThe PSOP Plan 2023 is in compliance with the SEBI (Share Based Employee Benefits and Sweat (Share Based Employee Benefits and Sweat Equity) Equity) Regulations, 2021 Regulations, 2021. 3. 10BTotal number of shares covered by these 11B75,358 Options and consequently 75,358 fully paid-up options equity shares of Rs.2/- (Rupees Two only) each, subject to the terms and conditions specified in the ‘Bajaj Electricals Limited - Performance Stock Option Plan 2023’ (“PSOP Plan 2023”). 4. 13BPricing formula 14BThe exercise price of the options shall be equal to the face value of the equity share of the Company, i.e., Rs.2/- per equity share. 5. 16BOptions Vested 17BVesting of 75,358 Performance Stock Options (“Options”) under the PSOP Plan 2023 to 259 eligible employee cases of the Company. 6. 19BTime within which option may be exercised 20BThe exercise period shall be two (2) years from the date of respective vesting of options, except for events specified in the PSOP Plan 2023. 7. 22BOptions Exercised 23BNot Applicable. 8. 25BMoney realized by exercise of options 26BNot Applicable. 9. 28BThe total number of shares arising as a result 29BNot Applicable. of exercise of option 10. 31BOptions lapsed 3333339,662 options are cancelled which shall be added back to the options pool. 11. 34BVariation of terms of options 35BNot Applicable. 12. 37BBrief details of significant terms 38BThe significant terms of the PSOP Plan 2023 are 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. 40BSubsequent changes or cancellation or 41BNot Applicable. exercise of such options 14. 43BDiluted earnings per share pursuant to issue 44BNot Applicable. 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