Bajaj Electricals Limited — Others, 14-05-2025: Shareholders meeting

Bajaj Electricals has announced a board meeting invoking a postal ballot to approve the appointment of Mr. Sanjay Sachdeva as Director and Managing Director & CEO for three years from April 15, 2025. With over 33 years of global leadership experience at Unilever, Mr. Sachdeva will receive a fixed annual salary of Rs. 5.17 Cr plus performance incentives, stock options, profit-sharing commission, and a Rs. 2 Cr retention bonus. His appointment is expected to strengthen strategic leadership amid slower revenue growth and rising product development costs.