Bajaj Electricals exec chairman Shekhar Bajaj to become non-executive board member from January

Bajaj Electricals executive chairman Shekhar Bajaj will step down from his current role by the end of 2026 after leading the company for four decades. He will transition to a non-executive board position from January 1, 2027, subject to shareholder approval. The move is part of the company’s shift towards a professionally managed, board-led governance model, it said.