Bajaj Housing Finance Limited shareholders approved the issuance of non-convertible debentures through private placement during the company’s 18th Annual General Meeting held on July 29, 2026. The meeting also saw the adoption of financial statements for the fiscal year ended March 31, 2026, and the re-appointment of Rajeev Jain as a director. These approvals signal continued capital raising activity and governance stability for the housing finance entity.

The meeting was convened in compliance with Regulation 30(2) and Regulation 51(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sanjiv Bajaj, Chairman of the Company, presided over the proceedings which were conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM) in adherence to Ministry of Corporate Affairs (MCA) and SEBI circulars. A total of 1,396 members attended the meeting, satisfying the requisite quorum.

Key Resolutions Passed

Shareholders voted on four distinct resolutions during the assembly. The special resolution for the issue of non-convertible debentures is particularly significant for the company’s liquidity management and asset-liability matching strategies. The ordinary resolutions covered routine corporate governance matters including the adoption of accounts and director re-appointment.

Management Highlights

Atul Jain, Managing Director, presented an overview of the company’s performance, highlighting robust growth in assets under management, disbursements, and profitability. He emphasized sustained asset quality and the company’s expanding affordable housing franchise under Sambhav Housing. The presentation also covered regulatory updates and management assessments for FY27, noting favorable long-term growth drivers such as India’s structural housing finance opportunity and government initiatives like "Housing for All."

Sanjiv Bajaj informed members that the Statutory Auditors’ Report and Secretarial Auditor’s Report for FY26 contained no adverse remarks, qualifications, or disclaimers affecting the company’s functioning. Gaurav Kalani, Chief Financial Officer, and Atul Patni, Company Secretary, addressed member queries regarding accounts and business operations.

What the Numbers Show

The approval of non-convertible debentures alongside strong Q1FY27 performance metrics suggests a strategy to fund growth while maintaining balance sheet discipline. The absence of adverse audit remarks reinforces confidence in the reported financial health. The re-appointment of Rajeev Jain ensures continuity in board oversight during this period of expansion.

Bajaj Housing Finance has appointed Vivek Adhav as Chief, Credit – Wholesale Lending, effective August 1, 2026. The Board of Directors approved the addition to the Senior Management Personnel (SMP) during a meeting held on July 29, 2026, which commenced at 2:30 p.m. and concluded at 3:35 p.m. The move strengthens the company’s leadership team in its wholesale lending segment.

The appointment is disclosed pursuant to Regulation 30 read with Part A, Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced the SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, for requisite disclosures. Atul Patni, Company Secretary, signed the disclosure filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Profile and Experience

Vivek Adhav brings extensive experience in corporate and wholesale credit, construction finance, venture debt, and cross-border lending. Prior to joining Bajaj Housing Finance, he was associated with Axis Bank for 21 years. During his tenure at Axis Bank, he held several leadership positions across large corporate credit, commercial real estate financing, new economy ventures, and international banking.

Adhav also played a pivotal role in building and scaling lending businesses, including venture debt financing for high-growth startups. He holds a PGDM in Finance from the Indian Institute of Management, Lucknow, and a Bachelor of Engineering in Electronics & Telecommunication from the Government College of Engineering, Aurangabad.

Key Appointment Details

What This Means

The appointment signals Bajaj Housing Finance’s focus on strengthening its wholesale lending capabilities. By bringing in a leader with deep expertise in corporate credit and venture debt, the company aims to enhance its risk assessment and lending strategies in the wholesale segment. Adhav’s background in scaling lending businesses aligns with the company’s growth objectives in competitive financing sectors.