Bajaj Finance Limited declared a 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, conducted via Video Conferencing/Other Audio-Visual Means, also saw the retirement of Rajiv Bajaj as a Non-Executive Director and approved key governance changes, including a shift in the retirement status of Chairman Sanjiv Bajaj. These decisions reflect the company’s ongoing commitment to shareholder returns and board restructuring amidst evolving leadership dynamics.

The AGM was chaired by Sanjiv Bajaj, with 1,612 members attending virtually. The proceedings were conducted in compliance with regulations issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Dr. Naushad Forbes oversaw the voting process for Resolution No. 4, in which Sanjiv Bajaj had an interest. The Joint Statutory Auditors, Secretarial Auditor, and Scrutiniser confirmed that there were no adverse remarks or qualifications in their reports for FY26.

Key Resolutions Approved

Shareholders approved several ordinary and special resolutions during the meeting. The financial statements for FY26 were adopted alongside the Directors’ and Auditors’ Reports. Notably, the company sought approval for material related-party transactions with Bajaj Housing Finance Limited and an increase in borrowing powers.

Leadership Changes

Rajiv Bajaj expressed his desire to retire as a Non-Executive Director upon conclusion of the AGM due to increased professional commitments at Bajaj Auto Limited. The Board acknowledged his long-standing association and leadership contributions. Additionally, Sanjiv Bajaj’s status was 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 for a second term of five consecutive years, effective August 1, 2026.

Performance Overview

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