Bajaj Housing Finance Limited will conduct its 18th Annual General Meeting (AGM) through video conferencing and other audio-visual means on July 29, 2026, at 3:45 p.m. IST. The meeting is being held in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with General Circular No. 03/2025 issued by the Ministry of Corporate Affairs.

The company disclosed the newspaper advertisement regarding the AGM to the stock exchanges on June 23, 2026. The advertisements were published in the Financial Express (all editions) and Kesari (Pune edition) on the same date. The notice of the e-AGM and the Annual Report for FY2026 have been made available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.

Meeting Details and Access

The e-AGM will transact business as set out in the notice convening the meeting. KFin Technologies Limited has been appointed as the e-voting service provider. Shareholders can access the detailed procedure for remote e-voting or e-voting during the meeting in the Notice of e-AGM.

Shareholder Information Update

Shareholders holding shares in physical form must submit Form ISR-1 to update their email address for receiving the notice and e-voting credentials, or to update bank account details. The form, along with requisite documents, should be sent to KFin at the designated unit in Hyderabad. Those holding shares in dematerialised form must register or update their details with their respective Depository Participants.

For queries, members can contact einward.ris@kfintech.com or call the toll-free number 1800-309-4001.

Bajaj Housing Finance continues to draw cautious commentary from global brokerage JPMorgan, which has maintained its Underweight rating on the stock with a target price of ₹70. While the brokerage acknowledged certain sector-level positives, it underscored a range of structural and competitive concerns that inform its stance on the housing finance company.

Easing Balance-Transfer Attrition — A Sector Positive

JPMorgan noted that balance-transfer attrition appears to be easing, a development it characterised as broadly positive for the housing finance company sector. Balance-transfer attrition — where borrowers shift their home loans to competing lenders offering better rates — has been a persistent headwind for HFCs. The moderation in this trend provides some relief across the segment, though JPMorgan's overall outlook on Bajaj Housing Finance remains cautious.

Key Concerns Highlighted by JPMorgan

Despite the sector-level positive, JPMorgan flagged several headwinds specific to Bajaj Housing Finance. The brokerage pointed to intense competition from private banks and public sector banks (PSBs) in the prime mortgage segment, which continues to exert pressure on margins and growth. Additionally, JPMorgan highlighted the risk of potential future stake dilution by Bajaj Finance, which could weigh on existing shareholders.

The following table summarises the key parameters from JPMorgan's assessment:

Medium-Term Guidance Remains Unchanged

Bajaj Housing Finance's medium-term financial guidance remains unchanged, with the company targeting a Return on Assets (RoA) of 2–2.2% and a Return on Equity (RoE) of 13–15%. JPMorgan's Underweight stance reflects its view that the current valuation may not adequately account for the competitive pressures and dilution risks outlined, even as the company's guidance remains steady.