Net profit of Bajaj Electricals rose 290.42% to Rs 28.54 crore in the quarter ended March 2019 as against Rs 7.31 crore during the previous quarter ended March 2018. Sales rose 10.19% to Rs 1759.38 crore in the quarter ended March 2019 as against Rs 1596.66 crore during the previous quarter ended March 2018.

For the full year,net profit rose 99.80% to Rs 167.07 crore in the year ended March 2019 as against Rs 83.62 crore during the previous year ended March 2018. Sales rose 41.53% to Rs 6633.69 crore in the year ended March 2019 as against Rs 4687.02 crore during the previous year ended March 2018.

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The Board of Bajaj Electricals has appointed Rajiv Bajaj as an Additional Director in the category NonExecutiveDirector with immediate effect i.e. from 22 May 2019, subject to his appointmentbeing approved by the shareholders at the ensuing Annual General Meeting to be held inAugust, 2019.

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Bajaj Electricals will hold a meeting of the Board of Directors of the Company on 28 March 2019.

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Bajaj Electricals has allotted 1850 Zero Coupon Unsecured Listed Redeemable Non-Convertible Debentures of face value Rs. 10 lakh each (“NCDs”) aggregating to Rs. 185 crore on 21 February 2019 on private placement basis.

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