Outcome of Board Meeting - Buyback of fully paid-up equity shares of the company, subject to approval of the shareholders.

Bajaj Auto's board has approved a buyback of up to 4.69 million equity shares, representing 1.68% of its total paid-up capital, at INR 12,000 per share. The total buyback size is up to INR 5,633 crores, payable in cash. The buyback will be executed via the Tender Offer route on a proportionate basis and is subject to shareholder approval via a special resolution through postal ballot. The record date for determining eligible shareholders will be announced separately. The promoter group currently holds 55.01% of the company.