Bajaj Finance Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 24, 2025
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Bajaj Finance held its 38th AGM on 24 July 2025 at Hotel Hyatt Regency, Pune, chaired by Sanjiv Bajaj, with 682 members present. A key development disclosed: Anup Saha resigned as Managing Director effective 21 July 2025 for personal reasons, and Rajeev Jain was redesignated as Vice-Chairman and Managing Director with operating responsibilities. The Chairman condoled the passing of Madhur Bajaj, former non-executive director who served from 1990 to 2022. A dividend of Rs. 44 per equity share (on face value of Rs. 2) for FY2025 was tabled for approval, along with 10 resolutions covering financial statements, secretarial auditor appointment, NCD issuance, related party transactions with Bajaj Housing Finance and Bajaj Allianz Life Insurance, and ESOP scheme modifications. Statutory and Secretarial Auditors' reports contained no adverse remarks.
The surprise resignation of MD Anup Saha and leadership transition to Rajeev Jain (previously Executive Director) is the most material item, and may draw investor attention. The Rs. 44 dividend reaffirms strong shareholder returns, and clean audit reports support confidence. Voting results are expected within 2 working days.