Bajaj Finance Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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Bajaj Finance Limited shareholders approved all five resolutions through a Postal Ballot (e-voting) held between 9 May and 7 June 2025. The resolutions include the appointment of Rajeev Jain as Executive Director designated Vice Chairman (84.77% in favour), re-designation of Anup Kumar Saha as Managing Director with revised remuneration (87.15% in favour), sub-division (stock split) of equity shares (99.99% in favour), alteration of the Capital Clause of the Memorandum of Association (97.61% in favour), and issue of Bonus Shares (97.57% in favour). Promoters, holding about 54.7% of shares, voted 100% in favour on every resolution. The Scrutinizer, CS Sachin Bhagwat, confirmed that all resolutions were passed with the requisite majority.
Shareholders should expect two major corporate actions soon — a stock split (sub-division) and a bonus issue — both of which will increase the number of shares held while proportionally reducing the share price. Management continuity is confirmed with Rajeev Jain elevated to Vice Chairman and Anup Kumar Saha formally re-designated as Managing Director.