Bajaj Holdings & Investments Limited (BHIL) has reported a substantial increase in its profits for the quarter ended June 30. The company's standalone profit after tax surged to ₹2,036.00 crore, compared to ₹66.00 crore in the same period last year.

Key Financial Highlights

Exceptional Item Boosts Profits

The significant increase in profit was primarily driven by an exceptional gain of ₹1,983.00 crore from the sale of 1.04 crore equity shares of associate company Bajaj Finserv Limited. This block deal was executed for ₹2,002.21 crore.

Investment Portfolio

As of June 30, BHIL's investment portfolio showed robust figures:

• Market value: ₹234,603.00 crore
• Net Asset Value (NAV): ₹21,080.00 per share

Strategic Developments

BHIL is transitioning from an Investment and Credit Company to an Unregistered Core Investment Company as per RBI guidelines. Despite the partial stake sale, Bajaj Finserv continues to remain an associate of BHIL.

The company's strong performance and strategic moves indicate a positive outlook for Bajaj Holdings & Investments, as it continues to leverage its position as a holding and investment company within the Bajaj Group.

Bajaj Holdings & Investments Limited (BHIL) has announced a significant change in its key personnel. Sriram Subbramaniam, who has been serving as the Company Secretary, Compliance Officer, and Nodal Officer, is set to depart from the organization.

Resignation Details

Subbramaniam submitted his resignation letter on April 30, 2025, citing his intention to pursue alternate career opportunities outside the organization. According to the company's official statement, he will be relieved from his responsibilities effective July 25, 2025, at the close of business hours.

Company's Response

BHIL has acknowledged Subbramaniam's contribution to the organization. The company stated that it is currently in the process of identifying and hiring a suitable replacement for these critical positions. BHIL has assured stakeholders that it will inform the stock exchanges once the vacancy is filled.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, BHIL has formally notified both the BSE Limited and the National Stock Exchange of India Ltd. about this development. The notification, signed by Anant Marathe, Chief Financial Officer of BHIL, provides detailed information as required under the SEBI Listing Regulations.

Impact and Transition

While the departure of a key executive can often raise concerns, BHIL appears to be managing the transition proactively. The company's prompt disclosure and commitment to finding a suitable replacement demonstrate its adherence to good corporate governance practices.

Investors and stakeholders will likely be watching closely as Bajaj Holdings & Investments navigates this change in its management team. The appointment of Subbramaniam's successor will be an important development to monitor in the coming months.

As BHIL moves forward, the focus will be on ensuring a smooth transition to maintain the efficiency of its secretarial, compliance, and investor relations functions. The company's ability to swiftly fill this position will be crucial in maintaining its operational continuity and regulatory compliance.