Bajaj Finance Limited has informed the Exchange regarding Notice of 38th Annual General Meeting to be held on July 24, 2025
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Bajaj Finance has called its 38th AGM for Thursday, 24 July 2025 at 3:30 p.m. at Hotel Hyatt Regency, Pune, and has circulated the AGM notice and FY2025 Annual Report to shareholders electronically. The Board has recommended a dividend of ₹44 per equity share of face value ₹2 for FY2025, with 30 May 2025 as the record date and payment expected on or about 28 July 2025. Ordinary business items include adopting FY2025 financial statements, declaring the dividend, and re-appointing Anup Kumar Saha who retires by rotation. Key special business items requiring shareholder approval include the appointment of Makarand M. Joshi & Co. as Secretarial Auditor for five years (FY2026-FY2030), authorisation to issue non-convertible debentures on private placement, material related party transactions of up to ₹12,612 crore with Bajaj Housing Finance and ₹1,445 crore with Bajaj Allianz Life Insurance, and modifications to the ESOP 2009 scheme including allowing the BFL Employee Welfare Trust to buy shares from the secondary market up to 5% of paid-up equity (2% per year).
Shareholders will vote on a ₹44/share dividend (positive for income investors), large group-related-party transactions worth over ₹14,000 crore combined, fresh NCD issuance authorisation, and ESOP scheme changes. Outcomes of these votes, especially the RPT limits and NCD borrowing headroom, will shape the company's funding flexibility and capital allocation for FY2026, but the AGM is largely procedural with resolutions backed by board and audit committee recommendation.