Bajaj Electricals stock seeks approval for 2.60 percent ESOP pool

Published on 10/07/2026 at 06:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bajaj Electricals stock traded at INR 301.20 on October 7, 2026, with a market value of INR 34.8 billion. Q1 revenue grew 2.3 percent year over year.

Bajaj Electricals, INE193E01025, Illustration mit AI erstellt.

Bajaj Electricals (ISIN INE193E01025) was trading at INR 301.20 on the NSE at 9:51 a.m. IST on October 7, 2026, up 0.32 percent from the previous close. The immediate company issue is a shareholder vote on expanding the employee stock option pool to 2.60 percent of paid-up equity capital.

ESOP plan reaches shareholders

According to ScanX on October 5, 2026, Bajaj Electricals proposed increasing the PSOP-2023 pool from 575,510 options to 3,002,559. The proposal adds 2,427,049 options and also covers revised remuneration terms for Shekhar Bajaj, Sanjay Sachdeva and Pooja Anant Bajaj.

Remote e-voting began on October 6, 2026, and runs through November 4, 2026. The measure links the governance discussion to the company's talent-retention plans, while the potential increase in the option pool remains a dilution consideration for existing shareholders.

Q1 results show a margin test

The operating backdrop improved in Q1 FY27. Sahi Markets reported that revenue from operations rose 2.3 percent year over year to INR 1,089 crore in the quarter declared on August 6, 2026. Profit before tax increased to INR 66 crore from INR 2 crore in the prior-year quarter.

The same report put Consumer Products EBIT margin at 3.9 percent in Q1 FY27. That improvement is important because the FY26 picture was weaker: ScanX said standalone revenue fell 7.6 percent to INR 4,462 crore and loss before tax reached INR 75.38 crore. Lighting Solutions revenue grew 9.5 percent to INR 1,120 crore, partly offsetting a 12.2 percent decline in Consumer Products revenue.

Consensus stays divided

A consensus page published by Investing.com on September 8, 2026, showed a neutral overall view from 14 analysts, comprising 6 Buy, 4 Hold and 4 Sell ratings. The average 12-month target was INR 394.07, with a low of INR 308 and a high of INR 520.

The stock's market value was INR 34.8 billion on October 7, 2026. Its 52-week range was INR 296 to INR 560.95, placing the live quote only INR 5.20 above the yearly low and keeping the recovery question tightly linked to consumer demand and margin execution.

Stock remains near yearly low

Bajaj Electricals was trading at INR 301.20 on the NSE on October 7, 2026, with 18,038 shares recorded in the session and a day range of INR 297.60 to INR 302. For investors, the next test is whether the Q1 margin improvement can persist while the expanded option pool moves through the November 4 vote.