Bajaj Finance Limited has announced that its Board of Directors approved the issuance of equity shares under the company's Employee Stock Option Scheme during a meeting held on 23 March 2026. The decision represents a significant step in the company's employee compensation and retention strategy.

Board Meeting Details

The Board of Directors convened on 23 March 2026, with the meeting commencing at 2.15 p.m. and concluding at 4.10 p.m. During this session, the board approved the issuance of shares under the established employee stock option framework.

Share Issuance Specifics

The board approved the following share issuance parameters:

Regulatory Compliance

The company has informed both BSE Limited and National Stock Exchange of India about this decision in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This notification falls under Para A of Part A of Schedule III of the SEBI Listing Regulations, which pertains to the issue of securities.

Corporate Communication

The formal communication to stock exchanges was signed by R. Vijay, Company Secretary, and digitally authenticated on 23 March 2026 at 16:19:37 +05'30'. The company has requested the exchanges to take this information on record as part of standard regulatory disclosure requirements.

Bajaj Finance Limited has announced the classification of Mr. Tushar Deb as Senior Management Personnel, effective from April 1, 2026. The company made this disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing both BSE and NSE about this organizational development.

Leadership Enhancement in Debt Management

Mr. Deb, who currently holds the position of Executive Vice President - DMS (Debt Management Services), will assume enhanced leadership responsibilities in his role from April 1, 2026. This classification represents a recognition of his expanded scope and strategic importance within the organization's management structure.

Professional Background and Experience

Tushar Deb brings extensive experience to his enhanced role, with over 25.5 years in debt management across various financial sectors. His expertise spans credit cards, consumer finance, personal loans, and retail lending across leading multinational banks and financial institutions.

Key Experience Highlights:

• Bajaj Finance tenure: Over 12.5 years with the company
• Functional expertise: Consumer, Rural, Compliance, and Centre of Excellence (COE) within Debt Management Services
• Previous roles: Leadership positions at Fullerton India Credit Company Limited, HSBC, Barclays, ABN AMRO, and Standard Chartered Bank
• Educational background: Bachelor's degree in Commerce from Gujarat University and Post Graduate Executive Certificate in General Management from IIM Raipur

Expanded Responsibilities

In his enhanced role, Deb will head the entire Debt Management function for Bajaj Finance, covering a comprehensive range of operations and strategic areas.

Scope of Leadership:

• B2B and B2C debt management operations
• Retail loan portfolios across urban and rural markets
• Compliance and audit functions
• Centre of Excellence (COE) and strategy development
• Enterprise-wide capabilities including BI & analytics, systems & IT, legal PMO, vendor management, and training & development

Strategic Impact

Deb's classification as Senior Management Personnel reflects his significant contributions to building Bajaj Finance's debt management infrastructure. His previous role involved heading the DMS COE, where he managed enterprise-wide capabilities across multiple product lines and successfully handled large-scale portfolios, including the co-branded credit card business.

The appointment underscores Bajaj Finance's focus on strengthening its debt management capabilities and governance frameworks. Deb is recognized for his ability to build scalable operations and high-performing teams, skills that will be crucial in his expanded leadership role.