Bajaj Auto Limited has submitted the Letter of Offer for its ₹5,632.80 crore buyback, which opens on July 1, 2026. The company will buy back up to 46,94,000 fully paid-up equity shares at a price of ₹12,000 per share through the tender offer route. The offer, approved by shareholders via a postal ballot on June 18, 2026, 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 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.

An advertisement dated June 29, 2026, regarding the completion of the dispatch of the Letter of Offer and setting out details of key timelines and entitlement ratios, was published on June 30, 2026, in the Financial Express, Jansatta, and Loksatta newspapers. The entitlement ratio for the Reserved Category for Small Shareholders is 17 equity shares for every 61 equity shares held on the Record Date, while for the General Category it is 17 equity shares for every 525 equity shares held on the Record Date.

Buyback Schedule

Buyback Details

Bajaj Auto has received a favourable order from the Additional Commissioner (Appeals), Central Tax, Pune, setting aside a Goods and Services Tax (GST) demand. The order, received on 30 June 2026 at 10:00 a.m., vacates the previous directive issued under Section 74 of the CGST Act, 2017, which had alleged wilful suppression of non-reversal of Input Tax Credit (ITC) on the sale of MEIS scrips.

The dispute pertained to the period from July 2017 to March 2020. The original demand, passed by the Superintendent, Range-I, Central Tax, Division I (Talegaon), Pune I Commissionerate on 30 January 2025, amounted to Rs. 74,818 along with applicable interest and penalty of Rs. 74,818. The appellate authority has now dropped the allegation of wilful suppression and set aside the order.

The following table details the specifics of the regulatory order:

The company stated that there is no adverse impact on its financial, operational, or other activities as a result of this order. The development was disclosed to the exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.