Bajaj Electricals Limited Announces Resignation of Ravindra Singh Negi as Chief Operating Officer Consumer Products Business, Effective May 29, 2024
April 22, 2024 at 04:55 pm IST
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Bajaj Electricals Limited announced that Mr. Ravindra Singh Negi, Chief Operating Officer Consumer Products Business, a Senior Management Personnel of the Company as per Regulation 16(1)(d) of the SEBI Listing Regulations, has tendered his
resignation from the services of the Company, to be effective from the close of business hours on May 29, 2024, due to personal and professional reasons.
Bajaj Electricals Limited is engaged in the marketing of various consumer household and industrial goods. The Company operates through two segments: Consumer Products and Lighting Solutions. The Consumer Products segment is engaged in the manufacturing and trading of consumer durables products which includes fans, domestic appliances, kitchen appliances, and non-electrical kitchen aids. The Lighting Solutions segment is engaged in the manufacturing and trading of lighting products which includes light-emitting diode (LED) products, such as lamps, bulbs, battens and ceiling lights in consumer lighting and poles, high mast, street lighting, area lighting, in professional lighting. It also provides various fans comprising ceiling, pedestal, table, wall, personal, domestic, and others. It also involved in the engineering, procurement and commissioning of power transmission and power distribution infrastructure. It operates approximately 2,00,000 retail outlets.