BAJFINANCE: Bajaj Finance Limited has informed the Exchange about Addendum to Notice of 38th Annual General Meeting.
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Bajaj Finance has issued an addendum to its 38th AGM Notice (originally dated 29 April 2025) ahead of the AGM scheduled for 24 July 2025 at 3:30 PM IST in Pune. The addendum informs shareholders that Mr. Anup Kumar Saha, the Managing Director and Director of the Company, has tendered his resignation for personal reasons, effective from the close of business hours on 21 July 2025. The Board of Directors accepted his resignation at its meeting held on the same day, and the disclosure was made to the stock exchanges as required under SEBI LODR Regulations. As a direct consequence, Agenda Item No. 3 of the AGM Notice (pertaining to Mr. Saha's re-appointment as a director retiring by rotation) has become infructuous, and any votes cast on that item will be treated as void. All other agenda items of the AGM Notice remain unchanged.
This is a material leadership change at India's largest retail-focused NBFC just three days before the AGM. The sudden exit of the Managing Director for personal reasons may create short-term uncertainty around succession planning and continuity of strategy, potentially weighing on the stock and prompting investor attention on who will lead the company next.