Bajaj Auto Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BAJAJ-AUTO · price
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Bajaj Auto announced the results of a postal ballot where shareholders approved, with 98.37% votes in favour, a material related party transaction between its wholly owned subsidiary Bajaj Auto International Holdings BV and Pierer Bajaj AG, PIERER Mobility AG, and KTM AG. The transaction relates to providing restructuring support to KTM AG and its subsidiaries. Of the 27.92 crore total outstanding shares, 8.81 crore (31.57%) were polled, with 8.67 crore voting in favour and only 14.39 lakh against. Promoters (holding 15.37 crore shares) did not vote as they qualify as related parties under SEBI listing rules and are barred from voting on such resolutions. The voting was conducted via remote e-voting between July 18 and August 16, 2025.
This approval clears the regulatory hurdle for Bajaj Auto to extend financial restructuring support to KTM AG through its Dutch subsidiary, which is significant given KTM's ongoing financial troubles. The overwhelming shareholder support suggests broad comfort with management's approach, though the actual cash outflow and long-term implications for Bajaj Auto's exposure to the European two-wheeler business will depend on the restructuring terms.