BAJAJ-AUTONSEBajaj Auto Limited· Automobiles - 2 And 3 WheelersMediumNeutral
Announced Sat, 30 May · 22:43 IST

Bajaj Auto Limited has informed the Exchange about change in Management - consequent to the change in reporting on account of organisational restructuring, Ms. Baminee Viswanat (General Counsel, redesignated as Chief Legal Officer) and Mr. Vijay Jerome (Chief Digital & Information Officer) will cease to form part of senior management, as defined under Regulation 16(1)(d) of the Listing Regulations, effective from 01 June 2026.

Kmp ResignedManagement Changes View source PDF

BAJAJ-AUTO · price

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AI summary

Bajaj Auto Limited has announced that two senior management personnel will cease to form part of the senior management effective 1 June 2026. Ms. Baminee Viswanat, who was redesignated as Chief Legal Officer (from General Counsel), and Mr. Vijay Jerome, Chief Digital & Information Officer, are departing due to organisational restructuring that has changed their reporting structure. Both were classified as senior management under Regulation 16(1)(d) of the SEBI Listing Regulations. The filing clarifies this is not a resignation in the traditional sense but rather a change in their organisational status due to internal restructuring.

Likely market impact

This indicates internal restructuring at Bajaj Auto without immediate material impact on operations. The departure of two senior executives from the regulatory definition of senior management may raise questions about the new reporting structure and management hierarchy, though the company frames it as an administrative change rather than executive exits.