Submission of voting results under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
Bajaj Finance Limited's shareholders approved all five ordinary resolutions through a Postal Ballot concluded on 7 June 2025, with voting conducted via remote e-voting from 9 May to 7 June 2025. Rajeev Jain was appointed as Executive Director designated as Vice Chairman effective 1 April 2025, with 84.77% of votes in favour (45.79 crore shares). Anup Kumar Saha was re-designated as Managing Director with revised remuneration, approved by 87.15% of votes (47.07 crore shares in favour). The sub-division of equity shares received overwhelming support at 99.99% in favour, while the alteration of the Capital Clause of the Memorandum of Association was approved by 97.61%. The issue of Bonus Shares also passed with 97.57% approval. The Scrutinizer, CS Sachin Bhagwat, confirmed all resolutions were passed with the requisite majority.
These approvals strengthen the leadership team with continuity at the top. The share sub-division and bonus issue are significant corporate actions likely to improve retail liquidity and affordability, which may be viewed positively by the market in the short term.