Bajaj Auto Limited has informed the Exchange regarding Notice of Postal Ballot
BAJAJ-AUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Auto Limited has announced a postal ballot for two special business items. First, the company proposes to buyback up to 46,94,000 equity shares (1.68% of paid-up capital) at INR 12,000 per share, totaling up to INR 5,632.80 crore. The buyback price represents a 26% premium over the 3-month average market price. The buyback will be through the Tender Offer route via stock exchange mechanism. Second, Shri Pradeep Shrivastava is being re-appointed as Whole-time Director (Executive Director) for five years from April 1, 2026. Remote e-voting begins on May 18, 2026 and ends on June 16, 2026.
The buyback signals management confidence in the company's fundamentals and is expected to improve earnings per share by returning surplus cash to shareholders. The re-appointment ensures continuity in leadership. Both resolutions require special resolution approval (75% threshold).