Notice of postal ballot (through remote e-voting)
BAJAJ-AUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajaj Auto Limited has issued a postal ballot notice seeking shareholder approval for two special resolutions. 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. This represents 16.93% of standalone and 15.59% of consolidated free reserves, within the statutory 25% limit. The buyback price offers ~26% premium over the 3-month volume weighted average market price. Second, the company seeks approval to re-appoint Shri Pradeep Shrivastava as Whole-time Director (Executive Director) for five years from April 1, 2026 to March 31, 2031, including approval for his continuation after attaining age 70 years. Remote e-voting runs from May 18, 2026 to June 16, 2026, with results expected by June 18, 2026.
The buyback is positive for shareholders as it returns surplus cash at a 26% premium to recent market prices, potentially improving earnings per share. The director re-appointment ensures management continuity for the specified period.