Bajaj Finance Limited has formally notified BSE and NSE that Shri Rajiv Bajaj, Non-Executive Director, will step down from his position at the company's annual general meeting scheduled for 30 July 2026. The resignation follows his decision not to seek re-election at the forthcoming AGM.

Regulatory Disclosure Details

The company has made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. In the formal communication to both stock exchanges, Bajaj Finance confirmed that Shri Rajiv Bajaj has expressed his willingness to step down and will not be offering himself for re-election.

Board Meeting Proceedings

The Board of Directors acknowledged Shri Rajiv Bajaj's decision during their meeting held on 29 April 2026. The board placed on record its sincere appreciation for his valuable service and contribution during his long association with the company. The board meeting commenced at 1.45 p.m. and concluded at 3.50 p.m.

Compliance Framework

The notification to stock exchanges was signed by R. Vijay, Company Secretary, on behalf of Bajaj Finance Limited. The company has requested both BSE (Scrip Code: 500034) and NSE (Scrip Code: BAJFINANCE-EQ) to treat this communication as compliance with Regulation 30 of SEBI Listing Regulations, read with the SEBI Master circular dated 30 January 2026.

This corporate governance development marks the end of Shri Rajiv Bajaj's tenure as Non-Executive Director, with his resignation becoming effective at the close of business hours on the AGM date.

Bajaj Finance Limited has successfully completed the allotment of secured redeemable non-convertible debentures (NCDs) worth ₹2004.31 crore through private placement. The Debenture Allotment Committee approved the allotment during its meeting held on 17 April 2026, which commenced at 01:00 p.m. and concluded at 01:30 p.m.

Debenture Issue Details

The company allotted 2,00,400 NCDs with a face value of ₹1,00,000 each, aggregating to ₹2004.31 crore. The debentures have been assigned the ISIN INE296A07TW7 and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.

Interest and Payment Structure

The NCDs offer a competitive coupon rate of 7.77% per annum with annual payment frequency. The structured payment schedule ensures regular income for investors over the three-year tenure.

Security and Listing Features

The debentures are secured by a first pari-passu charge on book debts and loan receivables. The security cover is maintained at not less than 1.00 time the aggregate outstanding value of debentures issued under this arrangement. This security structure provides additional protection for investors' interests.

The NCDs are redeemable on maturity and do not carry any special rights, interests, or privileges. The company has confirmed no delays in payment or defaults, and no special comments regarding payment matters have been reported.

Corporate Compliance

The allotment was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all regulatory requirements for the private placement of secured debentures, ensuring transparency and adherence to market regulations.