Bajaj Holdings & Investments shareholders approved a dividend of ₹130 per equity share and reappointed key board members at the company’s 81st Annual General Meeting (AGM) held on July 31, 2026. The meeting, conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM), saw the approval of financial statements for the fiscal year ended March 31, 2026, and the continuation of leadership stability through director reappointments. This outcome ensures continuity in governance while delivering significant capital returns to investors.

The proceedings were disclosed pursuant to Regulation 30(2) and Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Shekhar Bajaj, Chairman of the Company, presided over the meeting, which commenced at 4:00 p.m. and concluded at 5:25 p.m. A total of 177 members attended the virtual gathering. The Joint Statutory Auditors, Secretarial Auditor, and Scrutiniser appointed by the Company were present to oversee the e-voting process and ensure compliance with regulatory standards. The cut-off date for voting rights was July 24, 2026, with 86,391 shareholders holding 11,12,93,510 equity shares.

Key Resolutions Approved

Shareholders voted on five resolutions comprising ordinary and special business. The ordinary business included the adoption of audited standalone and consolidated financial statements for FY26, the declaration of the dividend, and the reappointment of Shekhar Bajaj as a director by rotation under Section 152(6) of the Companies Act, 2013.

The special business items focused on long-term governance structures. Shareholders approved the reappointment of Dr. Arindam Kumar Bhattacharya as an independent director for a second term of five consecutive years, effective September 17, 2026. Additionally, the Board sought approval for the payment of commission to non-executive directors for a period of five years, commencing from April 1, 2026.

Governance and Compliance

The Chairman confirmed that the Statutory Auditors' Report and Secretarial Auditor's Report for the financial year ended March 31, 2026, contained no adverse remarks, qualifications, or disclaimers affecting the Company’s functioning. He further noted that all necessary documents and registers as required under the Companies Act, 2013, were available for electronic inspection during the meeting.

Anant Marathe, Chief Financial Officer, addressed queries from members regarding the Company’s performance in FY26 and the first quarter of FY27. The Chairman highlighted key developments within the Group during his address. The e-voting results, along with the consolidated Scrutiniser's Report dated July 31, 2026, have been filed with the exchanges. The remote e-voting facility was enabled from July 27 to July 30, 2026, via KFin Technologies Limited.

What the Numbers Show

The approval of a ₹130 per share dividend underscores the Company’s commitment to returning capital to shareholders despite broader market volatility. The clean audit reports reinforce strong internal controls and governance practices. The reappointment of Dr. Arindam Kumar Bhattacharya for a second five-year term signals continuity in independent oversight, crucial for maintaining stakeholder confidence in the holding company’s strategic direction. Notably, while the promoter group voted unanimously in favor of all resolutions, institutional investors showed slight dissent in the reappointment of Shekhar Bajaj, with approximately 51% of their polled votes cast against the resolution, though the overall result passed with nearly 90% support.

Bajaj Holdings & Investments reported a consolidated net profit of ₹2,706 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 28% increase from ₹2,106 crore in Q1FY26 when excluding the exceptional profit from the previous year's share sale. The holding company's standalone profit after tax rose 77% year-on-year to ₹344 crore, driven by significant dividend receipts and fair value gains. The results reflect strong performance from its associates, Bajaj Auto Limited and Bajaj Finserv Limited, which contributed ₹2,359 crore towards the group's bottom line.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on July 31, 2026. Joint statutory auditors P G Bhagwat LLP and Khandelwal Jain & Co conducted a limited review of the financial statements in accordance with Standard on Review Engagements (SRE) 2410 and Regulation 33 of the SEBI Listing Regulations. The company operates as an unregistered Core Investment Company (CIC), with its application for re-categorisation currently under review by the Reserve Bank of India.

Financial Performance Highlights

Consolidated total income stood at ₹419 crore in Q1FY27, compared to ₹338 crore in Q1FY26. This growth was primarily fueled by a surge in dividend income to ₹348 crore from ₹23 crore in the corresponding period last year. Interest income declined to ₹33 crore from ₹182 crore, while net gains on fair value changes dropped significantly to ₹6 crore from ₹115 crore. Total expenses remained controlled at ₹64 crore, slightly up from ₹49 crore in Q1FY26.

Note: Consolidated PAT for Q1FY26 included an exceptional item of ₹1,522 crore from the sale of Bajaj Finserv shares. Standalone PAT for Q1FY26 included an exceptional item of ₹1,983 crore.

Associate Contributions

The share of profits from associates increased to ₹2,359 crore from ₹1,893 crore in Q1FY26. Bajaj Auto Limited reported a consolidated profit after tax of ₹3,226 crore, a 46% increase from ₹2,210 crore in Q1FY26, with an excellent EBITDA margin of 20.9%. Bajaj Finserv Limited's consolidated profit after tax rose 12% to ₹3,132 crore from ₹2,789 crore. When adjusted for mark-to-market movements on equity investments from insurance subsidiaries, BFS profit grew by 5%.

What the Numbers Show

The divergence between headline profit growth and operational metrics highlights the impact of one-time events in the prior year. While consolidated PAT appears down 22% year-on-year, this is misleading due to the ₹1,522 crore exceptional gain in Q1FY26 from the partial divestment of Bajaj Finserv shares. Excluding this non-recurring item, core profitability expanded by 28%, indicating robust underlying performance across the Bajaj Group ecosystem. Furthermore, the standalone business, which relies heavily on dividends and investment income, saw its core profit more than double, underscoring the cash-generating strength of its portfolio companies.

Investment Portfolio Value

As of June 30, 2026, the market value of the company's strategic equity investments in group companies stood at ₹230,009 crore against a cost of ₹19,841 crore. The net asset value (NAV) per share was ₹21,062, significantly higher than the book value of ₹2,425 per share. Total investments, including debt securities and properties, had a market value of ₹234,401 crore.