Bajaj Auto Limited shareholders have approved the buyback of up to 46,94,000 fully paid-up equity shares at a price of ₹12,000 per share, aggregating to ₹5,632.80 crore. The special resolution was passed by the shareholders through a postal ballot on June 18, 2026. The offer represents a premium of 26.31% and 26.53% to the volume weighted average market price on BSE Limited and National Stock Exchange of India Limited, respectively, during the three months preceding April 30, 2026. The buyback constitutes 16.93% and 15.59% of the aggregate of the fully paid-up equity share capital and free reserves of the company as per the latest audited standalone and consolidated financial statements as on March 31, 2026, respectively.

The Board of Directors had approved the proposal on May 6, 2026. The company has fixed June 24, 2026, as the record date to determine shareholder eligibility. The buyback will be implemented out of the free reserves, securities premium account, and other permitted sources. The Promoters and Promoter Group have expressed their intention not to participate in the buyback. S R B C & CO LLP, Chartered Accountants, the statutory auditors of the company, have reported that the amount of permissible capital payment for the proposed buyback has been properly determined in accordance with the provisions of the Companies Act, 2013 and the SEBI (Buy-Back of Securities) Regulations, 2018.

Buyback Details

Bajaj Auto has confirmed that it has passed on electric vehicle (EV) policy subsidies to its customers and is now awaiting reimbursement from the state government. The development highlights the company's proactive approach in ensuring that end consumers benefit from government-backed EV incentive programmes, even as the corresponding state refunds remain pending.

EV Policy Subsidies Passed On to Customers

Bajaj Auto has taken the initiative to extend EV policy subsidies to its customers upfront, absorbing the interim financial outlay while the reimbursement process with the state government is ongoing. This approach ensures that customers receive the benefit of applicable EV incentives at the point of purchase, without delays linked to administrative processing timelines. The company is currently in the process of recovering these disbursed subsidies from the state.

Significant Investment Under Maharashtra's PSI Scheme

In a separate but related development, Bajaj Auto has also made a substantial financial commitment under Maharashtra's Package Scheme of Incentives (PSI). The company has invested over ₹2,000 crore across three key manufacturing locations in the state. The details of these investments are outlined below:

These investments underscore Bajaj Auto's continued commitment to expanding and strengthening its manufacturing infrastructure within Maharashtra. The PSI scheme is designed to encourage large-scale industrial investment in the state by offering a range of fiscal incentives to eligible companies.

Key Highlights

• Bajaj Auto has disbursed EV policy subsidies directly to customers and is awaiting state-level reimbursement.
• The company has invested over ₹2,000 crore under Maharashtra's PSI Scheme.
• Investments span three facilities: Chakan, Akurdi, and Waluj.

The dual developments reflect Bajaj Auto's active engagement with both state-level EV promotion policies and broader industrial investment frameworks in Maharashtra. The pending state refund on EV subsidies remains a key financial matter for the company as it continues to support the adoption of electric vehicles among its customer base.