Bajaj Housing Finance Limited has announced comprehensive changes to its senior management personnel, as disclosed in a regulatory filing dated 17 March 2026. The Board of Directors considered and approved multiple appointments and role transitions that will take effect from 1 April 2026.

Key Management Changes

The company has implemented several strategic changes across its senior leadership team. The most significant appointment includes Gagandeep Malhotra as Chief Risk Officer for a period of five consecutive years, while maintaining his status as Senior Management Personnel.

New Leadership Profiles

Gagandeep Malhotra - Chief Risk Officer

Mr. Malhotra brings almost 21 years of financial services industry experience across Bajaj Finserv Group and Citibank. He joined Bajaj Housing Finance Limited in June 2022 as Chief Credit – Wholesale Lending, leading underwriting functions for both Residential & Commercial Real Estate assets. His portfolio includes Construction Finance, Lease Rental Discounting, and Loan Against Property for developers and high-net-worth individuals.

Prior to BHFL, he spent around seven years in Bajaj Finance Limited across multiple roles managing Credit functions for various businesses including Mortgages, SME, and Commercial Lending. He holds a bachelor's degree in technology from the National Institute of Technology, Kurukshetra, and an MBA from the Indian Institute of Technology, Kanpur.

Hari Dasan EVK - Senior Head Legal

Mr. Dasan brings over 27 years of extensive experience in the banking and financial services industry. He holds a Master of Law degree from the University of Madras and specializes in legal strategy, compliance, and risk management with deep exposure to corporate finance, structured finance, retail lending, and SME businesses.

Previously associated with Bajaj Finance Limited as Senior Head – Legal, he has extensive experience in contract structuring, litigation management, policy formulation, and high-value transaction advisory, including derivatives documentation and collateral management.

Amit Maheshwari - Chief Operations & Service

Mr. Maheshwari brings nearly 27 years of diverse professional experience, including over two decades in financial services across Bajaj Finserv Group, YES Bank, and Axis Bank. He joined Bajaj Housing Finance Limited in May 2025 and oversees Operations and Customer Service while ensuring strong process governance and controllership.

Before joining BHFL, he spent nine years at Bajaj Finance Limited in leadership roles across Risk, Operations, and Regulatory Compliance for Commercial Lending business. He holds a bachelor's degree in agriculture from Rajasthan Agriculture University, Udaipur, and an MBA from the Institute of Management Studies, Udaipur.

Departures and Transitions

Amit Sinha ceased to be Senior Management Personnel (EVP-Home Loan) due to intra-group movement to Bajaj Finance Limited, effective 31 March 2026. His resignation letter, dated 17 March 2026, was formally submitted to the company management. Niraj Adiani ceased to hold the position of Chief Risk Officer on account of his movement to Business function within the company, though he continues to be Senior Management Personnel.

Regulatory Compliance

The disclosure was made under Regulation 30 read with Para A Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting was held on 17 March 2026, commencing at 11.45 a.m. and concluding at 01.20 p.m., with Company Secretary Atul Patni signing the disclosure document.

Bajaj Housing Finance Limited has published newspaper advertisements on 13 March 2026 regarding its postal ballot notice for the appointment of Shri Ajay Kumar Choudhary as an Independent Director. The advertisements were published in Financial Express (all editions) in English and Kesari (Pune edition) in Marathi, following the company's earlier postal ballot notice dated 2 February 2026.

Advertisement Publication Details

The company submitted intimation to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the newspaper advertisement publication. The advertisements inform shareholders about key aspects of the postal ballot process.

Postal Ballot Notice Information

The advertisements provide comprehensive information about the postal ballot process, including details about the proposed appointment and voting procedures. The notice seeks approval for appointing Shri Ajay Kumar Choudhary (DIN: 09498080) as an Independent Director for a term of five consecutive years with effect from 1 March 2026.

Shareholder Communication Process

The advertisements emphasize that postal ballot notices have been sent via email to eligible shareholders. The company has provided detailed procedures for shareholders who need to register or update their email addresses with the depositories or registrar.

E-voting Facility and Process

The company has engaged KFin Technologies Limited to provide e-voting facilities to all shareholders. The advertisements inform about the electronic voting process and provide guidance for shareholders holding shares in both physical and dematerialized form.

Shareholders whose names appear in the Register of Members as on the cut-off date of Friday, 6 March 2026, are eligible to participate in the e-voting process. The voting rights will be reckoned based on the paid-up value of equity shares registered in shareholders' names as on the cut-off date.

Regulatory Compliance

The postal ballot process is being conducted in accordance with Sections 110 and 108 of the Companies Act, 2013, along with applicable rules and SEBI regulations. The company has made the postal ballot notice available on multiple platforms including the company website, stock exchange websites, and the registrar's e-voting portal.

The Board of Directors has appointed Sachin Bhagwat, Practicing Company Secretary, as the Scrutiniser to oversee the postal ballot process in a fair and transparent manner, ensuring compliance with all regulatory requirements.