Annual Report for FY 2025 and Notice of 17th Annual General Meeting
Awaiting price reaction for this filing.
Bajaj Housing Finance Limited has filed the Notice of its 17th Annual General Meeting along with the Annual Report (including the Business Responsibility and Sustainability Report) for FY2025, circulated to shareholders electronically. The AGM is scheduled for Wednesday, 23 July 2025 at 3:45 p.m. IST at Hotel Hyatt Regency, Viman Nagar, Pune. E-voting window runs from 19 July 2025 (9:00 a.m.) to 22 July 2025 (5:00 p.m.), with the cut-off date set as 16 July 2025. Ordinary business includes adoption of FY25 financial statements and re-appointment of Atul Jain (DIN: 09561712) as director, who retires by rotation. Special business includes: (a) appointment of M/s DVD & Associates as Secretarial Auditor for five consecutive years (FY 2025-26 to FY 2029-30) at a proposed fee of ₹3.50 lakh per annum; (b) approval to issue non-convertible debentures on private placement basis for one year, within the overall borrowing limit of ₹1,50,000 crore; and (c) approval for material related party transactions with Bajaj Finance Limited (BFL) for an aggregate value not exceeding ₹12,612 crore (about 131.7% of FY25 turnover) covering loan portfolio assignments (up to ₹10,050 crore), credit facilities (₹2,500 crore), inter-company services (₹46 crore), and sourcing commissions (₹16 crore).
This is a routine regulatory filing combining the AGM notice and annual report. The main resolutions shareholders will vote on include continued borrowing flexibility via NCD issuance, a significantly higher RPT limit with parent BFL (up from ₹7,675 crore to ₹12,612 crore), and a new secretarial auditor. These are largely procedural approvals needed for ongoing operations, though the expanded BFL-related transactions underline continued dependence on the parent group for funding and loan distribution synergies.