Bajaj Electricals Limited — Important, 16-04-2025: Arrangements for strategic, technical, manufacturing, or marketing tie up

Bajaj Electricals Limited has entered into an exclusive agreement with SEAK s.r.o. for the manufacturing and supply of lighting control products utilizing SEAK's proprietary power line control technology. This collaboration focuses on the resale of these products and the supply, installation, testing, and commissioning of tunnel lighting projects in India. The agreement is set to remain valid for three years, with opportunities for project-based collaboration in other countries as mutually agreed upon by both parties.

The potential market impact is significant, as this alliance aims to combine SEAK’s innovative technology with Bajaj's industry expertise, promising to enhance energy-efficient lighting solutions for infrastructure development. With SEAK's 2023 net operating income reported at approximately EUR 7.29 million and Bajaj's turnover for the year ending March 2024 at ₹4,641 crore, this partnership could present lucrative opportunities for growth, suggesting a positive outlook for Bajaj Electricals moving forward.