Bajaj Electricals Shekhar Bajaj steps down
Bajaj Electricals (BAJAJELEC) said Shekhar Bajaj has ceased. The company is valued at about ₹3,181 crore.
What happened
Bajaj Electricals (BAJAJELEC) told the exchanges on 28 October 2026 at 02:40 PM that Shekhar Bajaj has ceased.
From the filing: "Bajaj Electricals Limited has informed the Exchange regarding "Cessation of Mr."
Company snapshot
Bajaj Electricals is a small-cap company in the Consumer Durables sector, with a market value of about ₹3,181 crore.
The stock last traded at ₹275.7, against a 52-week range of ₹273.1–₹548.5 (49.7% below the high).
Before this filing the shares had moved −16.3% over the month and −16.3% over three months. Average daily turnover over the last 20 sessions was about ₹18.79 crore.
Promoters held 62.69% at the end of Q1 FY27; 2.55% of promoter shares were pledged. Foreign institutions owned 5.37% and domestic institutions 16.83%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 1,065 | 0.9 | 0.08 |
| Q2 FY26 | 1,107 | 9.9 | 0.85 |
| Q3 FY26 | 1,051 | -34.1 | -2.95 |
| Q4 FY26 | 1,240 | -67.5 | -5.85 |
| Q1 FY27 | 1,089 | 48.4 | 4.19 |
What history shows
BCEIE's records show 5 previous management change filings from the company since May 2026.
After those filings, the stock gained 2.1% on average the next trading day and was up 2.3% on average after five days (3 filings with price data).
Across 85 similar disclosures by other Consumer Durables companies, shares moved +0.7% on average the next day and +0.7% over five days; 46% of them rose the next day.
Market-wide, 4,004 management change filings with an impact score of 50 or more saw an average next-day move of −0.1%, with 44% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 6 Aug 2026 | Management change | +6.6% | +2.4% |
| 2 Jul 2026 | A press release dated July 02, 2026, titled "Bajaj Electricals… | −1.3% | +0.3% |
| 30 Jun 2026 | Management change | +0.9% | +4.3% |
What to watch
- The appointment of a successor and any change in strategy or guidance.
- 28 October 2026: Board meeting — Financial Results.
In the news
Recent coverage elsewhere (links open the original publisher):
- Bajaj Electricals Limited Estimates – NSE:BAJAJELEC
- Bajaj Electricals revises Q2FY27 earnings call link after technical issues
- Bajaj Electricals Share Price News on Today’s Strong Move
- Bajaj Electricals grants 88,222 stock options under PSOP Plan 2023
- Bajaj Electricals: 88,222 Stock Options Granted to Employees
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.