Bajaj Electricals Grants 18,894 Stock Options Under PSOP 2023; Shares Fall 4.91%

Mumbai, March16: Bajaj Electricals Limited has approved the grant of 18,894 stock options under its Bajaj Electricals Limited Performance Stock Option Plan 2023 (PSOP Plan 2023), according to an exchange filing.

The company said the Nomination and Remuneration Committee of the Board approved the grant at its meeting held on March 16, 2026. The options have been issued to one eligible employee in accordance with the Securities and Exchange Board of India Share Based Employee Benefits and Sweat Equity Regulations, 2021.

Each option is convertible into one fully paid equity share of face value ₹2. The exercise price has been fixed at the face value of the equity share, the company stated in its regulatory disclosure.

The filing further noted that the exercise period will extend for two years from the respective vesting date of the options, subject to the terms specified in the PSOP Plan 2023.

Share Price Movement

Bajaj Electricals shares traded lower during the morning session following the disclosure.

The Bajaj Electricals share price was at ₹354.45, down ₹18.30 or 4.91% as of 10:20 IST on March 16, 2026, according to exchange data. The stock opened at ₹368.70 and moved between ₹353.85 and ₹368.70 during the session so far.

At the current level, the company’s market capitalisation stood near ₹4,100 crore.

Company Background

Bajaj Electricals Limited operates in the consumer electrical equipment sector and is part of the Bajaj Group. The company manufactures and markets a range of consumer appliances, lighting solutions and engineering products.

Its portfolio includes kitchen appliances, fans, lighting systems and consumer durables sold across India through an extensive distribution network and retail presence.

The company also participates in engineering, procurement and construction projects in the power transmission and distribution segment.

Conclusion

The grant of stock options under the PSOP Plan 2023 forms part of the company’s employee incentive framework designed to align employee interests with long term shareholder value creation.

While the disclosure relates to employee compensation under the approved stock option plan, market participants will continue to track the company’s operational performance and broader sector demand trends.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/aed246ac-21fe-4911-ab4b-08484405bc5f.pdf