Bajaj Auto Limited has informed stock exchanges about the credit rating updates for its wholly owned subsidiary, Bajaj Auto Credit Limited (BACL). The disclosure was made on 07 March 2026 in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Credit Rating Details

ICRA Limited assigned and reaffirmed [ICRA]AAA (Stable) ratings to multiple financial instruments of Bajaj Auto Credit Limited through its letter dated 06 March 2026. The ratings demonstrate the subsidiary's strong creditworthiness and financial stability across different categories of debt instruments.

Rating Significance

The [ICRA]AAA rating represents the highest credit quality with lowest credit risk. The stable outlook indicates that the rating is unlikely to change in the near term. While the ratings for non-convertible debentures and subordinated bonds/debt were reaffirmed, the long-term bank lines received a fresh assignment of the AAA rating.

Regulatory Compliance

Bajaj Auto Limited received the rating information from ICRA on 06 March 2026 at approximately 5:45 P.M. (IST). The company promptly disclosed this material information to both BSE Limited and National Stock Exchange of India Limited the following day. The disclosure has also been made available on the company's website under the investors section as required by listing regulations.

Financial Impact

The total amount covered under these ratings stands at Rs. 7,750 crore across the three categories of financial instruments. The AAA ratings with stable outlook should facilitate favorable borrowing terms for Bajaj Auto Credit Limited and support its business operations in the automotive financing sector.

Bajaj Auto 's wholly owned subsidiary BAIH BV has completed a major financial restructuring by repaying €480 million in outstanding loans and terminating agreements with two international banks, according to a regulatory filing dated March 6, 2026.

Complete Loan Settlement and Contract Terminations

BAIH BV has fully settled its outstanding dues with two major international banks, resulting in the termination of their loan agreements:

Partial Prepayments to Remaining Banks

The subsidiary has also made substantial partial prepayments to its other banking partners as part of the comprehensive restructuring:

Original Loan Structure Details

The original loan arrangements were established in May 2025 with four banks, totaling €666 million for BAIH BV's investment activities. The unsecured loans were structured with a one-year term and executed on the following dates:

• JP Morgan Chase Bank N.A.: May 16, 2025
• DBS Bank Ltd.: May 15, 2025
• Citigroup Global Markets Asia Ltd.: May 16, 2025
• Standard Chartered Bank: May 22, 2025

Strategic Financial Restructuring Impact

The €480 million repayment represents a significant deleveraging move by the subsidiary, demonstrating strong cash flow management and strategic debt reduction. The selective termination of banking relationships while maintaining partnerships with JP Morgan and DBS through partial prepayments indicates a focused approach to optimizing the subsidiary's financial structure.

This restructuring positions BAIH BV with reduced debt obligations while preserving key banking relationships for future investment activities. The company received this information on March 6, 2026, and has disclosed it in compliance with SEBI listing regulations.