Bajaj Finance Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 24, 2025. Further, the company has informed the Exchange regarding voting results.
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Bajaj Finance Limited has submitted the voting results of its 38th Annual General Meeting held on July 24, 2025, in Pune, along with the Scrutinizer's consolidated report. Shareholders passed 9 out of 10 resolutions with very high approval, including adoption of FY25 financial statements (99.96% in favour), declaration of dividend (99.9999% in favour), appointment of the Secretarial Auditor (99.98% in favour), and approval to issue non-convertible debentures via private placement (98.69% in favour). Material related party transactions with Bajaj Housing Finance and Bajaj Allianz Life Insurance were also approved, both with over 99.99% support. The 10th resolution on the re-appointment of Anup Kumar Saha as Director was rendered infructuous because he had already resigned as Managing Director and Director on July 21, 2025, just days before the AGM. Modifications to the ESOP 2009 scheme and related approvals for the trust to buy back shares for ESOP implementation also passed comfortably.
This is largely a routine disclosure confirming strong shareholder backing for management's proposals, including the dividend and fund-raising plans. The resignation of Managing Director Anup Kumar Saha shortly before the AGM is the most noteworthy item, as it raises a succession question that investors may want clarity on. Approvals for NCD issuance and related party transactions with group entities (BHFL and BALIC) continue to enable the company's regular borrowing and intra-group dealings.