Bajaj Finserv Limited has submitted the Exchange a copy Scrutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
BAJAJFINSV · price
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Bajaj Finserv shareholders approved two resolutions through postal ballot with very high majority on 17 May 2025. Resolution 1 appointed Sanjiv Nandan Sahai (DIN: 00860449) as Independent Director for a 5-year term effective 1 March 2025, with 99.97% votes in favour (1,288,109,473 shares). Resolution 2 appointed Rajeev Jain (DIN: 01550158), formerly MD & CEO of Bajaj Finance, as a Non-executive and Non-independent Director effective 1 April 2025, with 99.75% votes in favour (1,285,310,025 shares). The promoter group voted 100% in favour of both resolutions, while public institutions voted 99.85% and 98.60% in favour respectively. Voting was conducted via KFin Technologies' e-voting platform between 18 April and 17 May 2025.
Routine board-level governance exercise with strong shareholder backing; no material impact expected on the stock price. The move formalises Rajeev Jain's shift from executive role at Bajaj Finance to a non-executive directorship at the parent Bajaj Finserv.