Recommendation of Appointment of Secretarial Auditor of the Company.
Awaiting price reaction for this filing.
Bajaj Holdings & Investment Limited announced audited standalone and consolidated financial results for Q4 and FY ended 31 March 2025, along with a final dividend of Rs. 28 per share (280%) on top of the Rs. 65 interim dividend already paid. Standalone total income for FY25 stood at Rs. 1,600.25 crore and profit after tax at Rs. 1,291.83 crore, versus Rs. 3,175.69 crore and Rs. 2,896.46 crore in FY24 (the prior year included a Rs. 1,153.47 crore one-time gain from the Bajaj Auto buyback). The Board noted completion of term of joint statutory auditor M/s. NBS & Co (as per the RBI's 3-year rotation rule) and recommended appointing M/s. Khandelwal Jain & Co for a fresh 3-year term. Separately, Shri Shyamprasad Limaye's tenure as Secretarial Auditor ended with FY25, and M/s. DVD & Associates has been recommended as the new Secretarial Auditor for 5 years. The AGM is scheduled for 6 August 2025 with a record date of 27 June 2025.
Routine auditor rotation (completing a full RBI-mandated 3-year term) and a healthy total dividend of Rs. 93/share for FY25 signal steady governance; the lower YoY profit is mostly due to the absence of last year's one-time buyback gain and is unlikely to concern long-term holders.