Bajaj Finance Limited declared a final dividend of ₹6 per equity share for the financial year ended March 31, 2026, during its 39th Annual General Meeting (AGM) held on July 30, 2026. The meeting also formalized key board restructuring moves, including the re-appointment of Pramit Jhaveri as an Independent Director for a second term and the retirement of Rajiv Bajaj. These decisions underscore the company’s focus on sustained shareholder returns and stable governance leadership amidst evolving executive responsibilities.

The AGM was chaired by Sanjiv Bajaj, with 1,612 members attending via Video Conferencing/Other Audio-Visual Means. The proceedings complied with Ministry of Corporate Affairs and Securities and Exchange Board of India (SEBI) regulations. Dr. Naushad Forbes served as the scrutinizer for Resolution No. 4, where Sanjiv Bajaj had an interest. Joint Statutory Auditors, the Secretarial Auditor, and the Scrutiniser confirmed no adverse remarks in their FY26 reports.

Key Resolutions Approved

Shareholders approved ordinary and special resolutions covering financial statements, governance changes, and capital structure adjustments. Notably, the company secured approval for material related-party transactions with Bajaj Housing Finance Limited and increased borrowing powers.

Leadership Changes

Rajiv Bajaj retired as a Non-Executive Director effective upon the conclusion of the AGM on July 30, 2026, citing increased professional commitments at Bajaj Auto Limited. The Board acknowledged his long-standing contributions. Simultaneously, Sanjiv Bajaj’s status changed from a director not liable to retire by rotation to one liable to retire by rotation. Pramit Jhaveri was re-appointed as an Independent Director, not liable to retire by rotation, for a second term of five consecutive years, commencing August 1, 2026, and ending July 31, 2031.

Performance Overview

Rajeev Jain, Vice Chairman and Managing Director, presented business performance and financial highlights for FY26 and Q1FY27. He addressed member queries on operational metrics and strategic initiatives. The Statutory Auditors’ Report and Secretarial Auditor’s Report for FY26 contained no adverse remarks. E-voting results and the Scrutiniser’s Report are expected to be filed with exchanges within two working days.

Bajaj Finance has seen one of its executives express optimism regarding the company's credit cost forecast for FY27. The statement underscores a degree of internal confidence in the company's ability to manage asset quality and maintain its credit cost trajectory through the fiscal year.

Executive Commentary on Credit Cost Outlook

The company executive's remarks centered on the credit costs forecast for FY27, indicating a hopeful stance on the metric. Credit costs are a key indicator of a financial institution's asset quality and provisioning requirements, making this commentary noteworthy for stakeholders monitoring the company's financial health.

No specific numerical targets or revised guidance figures were disclosed as part of the available source information. The executive's optimism, as reported, reflects the company's internal assessment of its credit portfolio performance heading into FY27.