Bajaj Electricals Limited informed that Mr. Munish Khetrapal (DIN: 08263282), an Independent Director of the Company, whose current term is expiring on October 31, 2023, has conveyed his desire not to seek re-appointment for the second term, owing to his increasing professional commitments. Accordingly, Mr. Khetrapal's tenure as an Independent Director of the Company shall come to an end on October 31, 2023.