Bajaj Auto Limited shareholders approved a dividend of ₹150 per equity share for the financial year ended 31 March 2026 and appointed Rakesh Sharma as Joint Managing Director at its 19th Annual General Meeting held on 21 July 2026. The resolutions were passed with requisite majority through remote e-voting and electronic voting at the venue. The meeting, chaired by Shri Niraj Bajaj, also sanctioned the re-appointment of Shri Sanjiv Bajaj and ratified the remuneration of the Cost Auditor.

The Board received shareholder approval for the payment of commission to Non-executive Directors for a five-year period commencing from 1 April 2026. In a key leadership change, Rakesh Sharma (DIN: 08262670) was appointed as Joint Managing Director with effect from 1 June 2026. The resolutions were passed via remote e-voting and during the meeting.

The Chairman provided an overview of the company's performance during FY26 and the first quarter of the current financial year, FY27. Senior executives, including Shri Rakesh Sharma, Shri Pradeep Shrivastava, and Shri Dinesh Thapar, addressed member queries regarding the company's accounts and business operations.

The meeting was conducted physically at the company's Registered Office in Pune, with facilities for live webcast provided by KFin Technologies Limited. A total of 202 members participated in person or through proxy. The statutory auditors, S R B C & CO LLP, and other key personnel were present.

The e-voting results and the scrutiniser's report are scheduled to be filed with the stock exchanges by 23 July 2026. The proceedings concluded at 2:45 p.m. after commencing at 12:30 p.m.

Resolutions Passed

Bajaj Auto management has conveyed strong confidence in its near-term and full-year outlook, pointing to robust domestic and international demand as key drivers of performance heading into Q2 and FY27. The company's strategic priorities span export scale-up, significant production capacity expansion, a sweeping product portfolio overhaul, and accelerated growth in its electric vehicle segment.

Export Ambitions Anchored in Latin America and Africa

Bajaj Auto has set a target to export over 250,000 units monthly beginning Q2, underpinned by its established presence in key international markets. The company's dominance in sports bikes across Latin America and strong momentum in commercial bikes in Africa — particularly the Boxer 125 Heavy Duty — form the backbone of this export strategy. These geographies represent critical growth corridors as the company looks to deepen its global footprint.

Capacity Scale-Up to 9 Million Units Annually

To support its growth ambitions, Bajaj Auto is targeting a production capacity increase of nearly 25%, aiming to reach 9 million units annually. This expansion is being directed toward three key segments:

• Electric Vehicles (EVs)
• Premium Motorcycles
• Three-Wheelers

The capacity build-out reflects the company's intent to align manufacturing scale with anticipated demand across both domestic and export markets.

Comprehensive 125CC+ Portfolio Revamp for FY27

Bajaj Auto has outlined an extensive product refresh strategy for FY27, targeting the competitive 125CC+ motorcycle segment. The planned launches and updates are detailed below:

This full portfolio revamp is designed to strengthen Bajaj Auto's competitive edge in the 125CC+ segment and drive growth through the fiscal year.

Electric Division Targets Rapid Two- and Three-Wheeler Growth

Bajaj Auto's electric division is focused on achieving rapid growth across both two-wheelers and three-wheelers, with capacity management identified as a key operational priority. The company aims to scale its EV business in tandem with the broader production expansion, positioning the electric segment as a significant contributor to overall volume and revenue going forward.

Collectively, these initiatives reflect Bajaj Auto's multi-pronged approach to sustaining growth momentum — spanning international market expansion, domestic product competitiveness, manufacturing scale, and the transition toward electric mobility.