Bajaj Finserv Limited announced the re-appointment of KKC & Associates LLP as its statutory auditors for a second consecutive term, following a board meeting held on 30 April 2026. The decision was made based on the recommendation of the company's Audit Committee and requires shareholder approval at the upcoming Annual General Meeting.

Board Approval and Meeting Details

The Board of Directors meeting commenced at 11:15 a.m. IST and concluded at 2:05 p.m. IST on 30 April 2026. The board formally approved the re-appointment of KKC & Associates LLP, Chartered Accountants, bearing Firm Registration Number 105146W/W100621, as the company's statutory auditors.

Audit Term and Duration

The re-appointment represents the auditing firm's second term with Bajaj Finserv, indicating continuity in the company's audit processes and relationships.

About KKC & Associates LLP

KKC & Associates LLP brings extensive experience to the auditing role, having been established in 1936 in Mumbai. The firm has grown significantly over the decades and currently maintains a strong presence across multiple locations.

Firm Profile and Capabilities

The firm's diverse client portfolio and extensive experience in financial, manufacturing, service, and infrastructure sectors align well with Bajaj Finserv's business requirements.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also complies with the SEBI Master Circular dated 30 January 2026, ensuring full regulatory transparency. The formal communication was addressed to both BSE Limited and National Stock Exchange of India Limited, with the company secretary Uma Shende signing the official disclosure.

The re-appointment reflects Bajaj Finserv's commitment to maintaining robust audit practices and regulatory compliance while ensuring continuity in its financial oversight processes.

Bajaj Finserv Limited's Board of Directors convened on 30 April 2026 to approve the company's audited standalone and consolidated financial results for the financial year ended 31 March 2026. The board meeting, which commenced at 11:15 a.m. IST and concluded at 2:05 p.m. IST, marked another milestone year for the financial services conglomerate with record-breaking performance across key metrics.

In accordance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company formally communicated the outcomes to BSE Limited and National Stock Exchange of India Limited through official regulatory filings.

Record Financial Performance

The company achieved an all-time high consolidated total income of ₹150,530 crore and profit after tax of ₹9,801 crore, surpassing the previous year's record. For the quarter ended 31 March 2026, consolidated total income stood at ₹38,508 crore, while consolidated profit after tax reached ₹2,539 crore. On a year-on-year basis, consolidated total income grew by 13% from ₹132,944 crore in FY25, while consolidated profit after tax increased by 10% from ₹8,872 crore.

Special Dividend Declaration

In line with the company's Dividend Distribution Policy, the Board recommended a dividend of ₹1.50 per equity share of face value of ₹1, representing 150% on face value for FY26. This includes a special payout of ₹0.20, celebrating 100 years of Bajaj Group. The Board fixed Tuesday, 30 June 2026 as the record date for determining members eligible to receive the dividend, with payment scheduled on or before 4 August 2026, subject to shareholder approval at the Annual General Meeting.

Regulatory Compliance and Audit Reports

The financial results were prepared as per Indian Accounting Standard (Ind AS) for the quarter and financial year ended 31 March 2026, pursuant to Regulation 33 of SEBI Listing Regulations. The audit reports were submitted with unmodified opinions, free from any qualifications, demonstrating strong financial governance and transparency. The Board approved the re-appointment of KKC & Associates LLP, Chartered Accountants, as Statutory Auditors for a second term of five consecutive years from the conclusion of the 19th Annual General Meeting till the conclusion of the 24th Annual General Meeting.

Strategic Acquisition Milestone

During the year, Bajaj Finserv completed the acquisition of Allianz SE's 26% stake in its insurance subsidiaries. On 8 January 2026, the company acquired 23% equity stake for ₹939.44 crore, increasing its holding to 75.01% in both Bajaj General Insurance Limited and Bajaj Life Insurance Limited. Subsequently, on 12 March 2026, Allianz SE tendered its entire remaining 3% stake, resulting in complete exit and increasing Bajaj Finserv's equity stake to 77.33% in each subsidiary. Additionally, on 16 January 2026, the company acquired 50% equity stake in Bajaj Financial Distributors Limited for ₹12.50 crore, making it a wholly owned subsidiary.