Bajaj Auto Limited has announced a postal ballot to seek shareholder approval for a buyback of up to 46,94,000 equity shares, representing 1.68% of the total paid-up equity share capital, at a price of ₹12,000 per share. The aggregate buyback size amounts to ₹5,632.80 crore, excluding transaction costs. The company has also proposed the re-appointment of Shri Pradeep Shrivastava as Whole-time Director (designated as Executive Director) for a period of five years effective from 1 April 2026. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the postal ballot notice was published in Financial Express (English Daily – All Editions) and Kesari (Marathi Daily – Pune Edition) on 16 May 2026.

Buyback Details

The Board approved the buyback proposal on 06 May 2026. The buyback will be conducted through the "Tender Offer" route using the stock exchange mechanism. The maximum amount represents 16.93% and 15.59% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements as on March 31, 2026, respectively. The Promoters and Promoter Group have expressed their intention not to participate in the buyback.

Postal Ballot and E-voting Schedule

The company completed the sending of the postal ballot notice on 15 May 2026 by e-mail to all members whose names appeared in the register of members as on the cut-off date of 08 May 2026. The remote e-voting period commences on 18 May 2026 at 9:00 a.m. IST and concludes on 16 June 2026 at 5:00 p.m. IST. The special resolutions seek approval for the buyback and the re-appointment of Shri Pradeep Shrivastava. The e-voting results, along with the scrutinizer's report, will be communicated to NSE and BSE within two working days of the close of e-voting, i.e., by 18 June 2026.

Re-appointment of Director

Shri Pradeep Shrivastava (DIN: 07464437) has been recommended for re-appointment as Executive Director for a term of five years from 1 April 2026 to 31 March 2031. His remuneration is proposed at ₹14.34 crore per annum. The resolution also seeks approval for his continuation after he attains the age of 70 years on 31 March 2030. Shri Vaibhav Dandawate (ACS No. 51538, CP No. 27947), or failing him, Ms. Deepti Kulkarni (ACS No. 34733, CP No. 22502), Partners of M/s. Makarand M. Joshi & Co., Practicing Company Secretaries, has been appointed as scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Bajaj Auto witnessed a notable block trade on the National Stock Exchange (NSE), with approximately 30,277 shares transacted at a price of ₹10466.00 per share, aggregating to a total deal value of ₹31.69 crores.

Block Trade Details

The transaction reflects significant institutional-scale activity in the counter. The following table summarizes the key parameters of the block trade:

Block trades are typically executed outside the regular market order book to minimize price impact and are commonly associated with large institutional investors, mutual funds, or other significant market participants. The transaction in Bajaj Auto underscores continued interest in the stock at the prevailing price level.