Bajaj Finserv shareholders approve dividend and director retirement
Bajaj Finserv Limited confirmed the unanimous approval of its 19th AGM resolutions, including a ₹1.50 dividend and director changes. The Scrutinizer's Report highlights robust shareholder engagement with over 99% support for all key governance and financial decisions.

*this image is generated using AI for illustrative purposes only.
Bajaj Finserv shareholders overwhelmingly approved all resolutions at its 19th Annual General Meeting (AGM) held on July 31, 2026, including a ₹1.50 per share dividend and the retirement of Rajiv Bajaj as a Non-Executive Director. The company filed the final voting results with stock exchanges on August 3, 2026, confirming that 1,829 to 1,832 shareholders participated in casting votes for each agenda item. The high level of approval underscores strong investor confidence in the company’s financial stewardship and governance structure during FY26.
The e-AGM was conducted in compliance with Regulation 44 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The proceedings were scrutinized by Sachin Bhagwat, Practicing Company Secretary, who confirmed that the remote e-voting process conducted via KFin Technologies Limited was fair and transparent. The cut-off date for determining voting rights was July 24, 2026, with 6,01,820 shareholders holding 1,60,05,49,988 equity shares eligible to vote.
Voting Results Breakdown
Shareholders voted on five ordinary resolutions. The promoter group, holding 93,96,49,700 shares, voted unanimously in favor of all items. Public institutional investors also showed near-unanimous support, while public non-institutional investors provided majority backing with minimal dissent.
| Resolution Item | Votes in Favor | Votes Against | % Support |
|---|---|---|---|
| Adoption of Financial Statements | 1,30,04,90,580 | 1,187 | 99.9999% |
| Dividend Declaration (₹1.50) | 1,30,10,15,287 | 1,556 | 99.9999% |
| Retirement of Rajiv Bajaj | 1,30,09,73,572 | 2,211 | 99.9998% |
| Reappointment of Statutory Auditors | 1,30,10,04,286 | 12,476 | 99.9990% |
| Cost Auditor Fee Ratification | 1,30,10,14,776 | 1,987 | 99.9998% |
Key Governance Outcomes
The most significant governance change was the retirement of Rajiv Bajaj (DIN: 00018262), who stepped down due to increased professional commitments at Bajaj Auto Limited. Sanjiv Bajaj, Chairman and Managing Director, chaired the meeting and acknowledged Rajiv Bajaj’s contributions. The resolution to note his retirement passed with 99.9998% support, with only 2,211 votes cast against it.
KKC & Associates LLP was reappointed as Statutory Auditors for the ensuing year. This resolution received 99.9990% support, with 12,476 votes against it, primarily from public non-institutional investors. Additionally, shareholders ratified the remuneration for Dhananjay V Joshi & Associates, Cost Auditor, for FY27, which passed with 99.9998% support.
Financial Statements Approval
The adoption of standalone and consolidated financial statements for FY26 was approved with 99.9999% support. Only 1,187 votes were cast against this resolution. The Board confirmed that the Statutory Auditors' Report and Secretarial Auditor's Report for FY26 contained no adverse remarks or qualifications, reinforcing the integrity of the reported financials.
Meeting Participation
The e-AGM commenced at 12:15 PM IST and concluded at 2:01 PM. A total of 1,157 members attended the meeting via Video Conferencing/Other Audio-Visual Means (VC/OAVM). Ramandeep Singh Sahni, Chief Financial Officer, addressed queries from members. The company ensured wide participation by enabling remote e-voting from July 27 to July 30, 2026, through KFin Technologies Limited.
Historical Stock Returns for Bajaj Finserv
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.52% | -0.33% | +5.32% | -2.43% | +1.10% | +31.07% |
How will Rajiv Bajaj's transition from Non-Executive Director to focusing solely on Bajaj Auto impact the strategic alignment and synergy between Bajaj Finserv and its promoter group?
Given the approval of a ₹1.50 per share dividend, what is management's outlook on capital allocation priorities for FY27, specifically regarding the balance between shareholder returns and funding new growth initiatives?
With KKC & Associates LLP reappointed as Statutory Auditors, are there any anticipated changes in audit scope or compliance focus areas for the upcoming fiscal year following their review of FY26?

































