The 'Morphy Richards’ brand rights are being acquired from Glen Electric, which is a part of the Ireland-based Glen Dimplex Group.
The territories for which the brand rights have been acquired include India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka. The total cost of the aforementioned acquisition is Rs 146 crore.
'This transaction will be subject to negotiation and execution of definitive agreements between the parties and the receipt of necessary statutory and regulatory approvals, as applicable,” the company said in a statement.
Bajaj Electricals, a part of Bajaj Group, makes consumer products (appliances, fans, lighting) and executes EPC contracts (illumination, transmission line towers and power distribution).
The company had reported a sharp 96.76% drop in consolidated net profit to Rs 0.91 crore in Q1 FY26, compared to Rs 28.11 crore in Q1 FY25. Revenue from operations declined 8.07% year-on-year (YoY) to Rs 1,059.23 crore for the quarter ended 30 June 2025.
"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."