Bajaj Electricals Limited Recommends Dividend for the Financial Year Ended March 31, 2018; Announces Promotion and Re-Designation of Anant Bajaj, as Managing Director of the Company, Effective June 1, 2018
May 23, 2018 at 04:23 am EDT
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The Board of Directors of Bajaj Electricals Limited recommended a dividend at the rate of INR 3.50 per share face value of INR 2/each on 175 % of equity shares of the Company for the financial year ended March 31, 2018 subject to the approval of the shareholders at the upcoming AGM.
The Company at its meeting held May 23, 2018 has, on the recommendation of the Nomination Remuneration Committee, approved the promotion and re-designation of Anant Bajaj, as the Managing Director of the Company with effect from June 1, 2018, for the remainder of his five years term and revised his remuneration with effect from subject to the approval of the Members in the Annual General Meeting.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.
Bajaj Electricals Limited Recommends Dividend for the Financial Year Ended March 31, 2018; Announces Promotion and Re-Designation of Anant Bajaj, as Managing Director of the Company, Effective June 1, 2018
BAJAJ ELECTRICALS LIMITED 
