The Board of Directors of Bajaj Electricals Limited at its Meeting held on March 25, 2021, has considered and approved rolling out of a VRS for the 281 permanent employees, in the workmen and staff category, currently working at the Company's Facility. The financial impact of the VRS shall be ascertained and communicated in the due course of time. The Company believes that the implementation of VRS will provide the much-needed flexibility in terms of reduced fixed overheads and deployment of productivity improvement plans.