Bajaj Auto has confirmed that its manufacturing operations, sales, service activities, and dealer support functions are operating normally following a ransomware attack reported on 23 June 2026. The automaker stated that while the investigation into the cyber security incident remains ongoing, its key business functions have stabilized and it continues to serve customers, dealers, vendors, and business partners without disruption.

Incident Overview

The company initially disclosed the ransomware attack on 23 June 2026, noting that it impacted the systems of Bajaj Auto and its wholly owned subsidiary, Bajaj Auto Technology Limited. The matter was reported to the stock exchanges and CERT as a precautionary safety measure. In its latest update filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company provided an assurance regarding business continuity.

Operational Status

Despite the cyber security incident, the company has reported that all critical segments of its business are functional. The following table summarizes the current status of operations:

Regulatory Disclosure

The update was submitted to BSE Limited and National Stock Exchange of India Ltd. by Rajiv Gandhi, Company Secretary & Compliance Officer. The intimation has been made available on the company’s website in compliance with Regulation 30(8) of the Listing Regulations. The company emphasized that it remains focused on maintaining business continuity as the investigation progresses.

Bajaj Auto Ltd has scheduled its 19th Annual General Meeting (AGM) for Tuesday, July 21, 2026, at 12:30 pm at its registered office in Akurdi, Pune. The meeting will seek shareholder approval for a final dividend of ₹150 per equity share of face value ₹10 each (1500%) for the financial year ended March 31, 2026. Shareholders will also vote on the appointment of Rakesh Sharma as Joint Managing Director (JMD) and ratification of the cost auditor's remuneration.

Dividend and Record Date

The Board has recommended a dividend of ₹150 per share, amounting to a total payout of ₹4,192.47 crore. The company has fixed Friday, May 29, 2026, as the record date to determine shareholder eligibility. The dividend will be paid exclusively through electronic mode on or before Friday, July 24, 2026. Payments will be made based on records from KFin Technologies Limited, NSDL, and CDSL as of the record date.

Appointment of Joint Managing Director

Shareholders will consider a special resolution to appoint Rakesh Sharma (DIN: 08262670) as Joint Managing Director for a term from June 1, 2026, to March 31, 2029. Sharma, currently an Executive Director, joined the company in October 2007. His proposed remuneration package is ₹15.28 crore per annum, comprising salary, allowances, perquisites, and performance rewards. The appointment requires approval under Regulation 17(1C) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Other Business

The AGM will transact ordinary business, including the adoption of audited standalone and consolidated financial statements for FY2026 and the re-appointment of Sanjiv Bajaj (DIN: 00014615), who retires by rotation. Special business includes ratifying the remuneration of ₹5 lakh plus taxes for R.B. Laddha & Co., Cost Accountants, for the audit of cost records for FY2026-27. Additionally, the company seeks approval to pay commission to non-executive directors not exceeding 1% of net profits per annum for five years commencing April 1, 2026.

AGM Details and Voting

Remote e-voting will be facilitated through KFin Technologies. Shri Vaibhav Dandawate or Ms. Deepti Kulkarni, Partners of M/s. Makarand M Joshi & Co., have been appointed as Scrutinizers for the e-voting process. A live webcast of the AGM will be available via the KFin Technologies platform.