Bajaj Auto , a leading Indian automobile manufacturer, has announced a significant change in its senior management plans. The company has informed stock exchanges that Aditya Makharia will not be joining the Senior Management Personnel, effective from January 1, 2026. This decision reverses the company's earlier announcement made on November 7, 2025.

Key Points of the Announcement

• Original Plan: Aditya Makharia was initially slated to join as Chief Product Officer.
• Reversal: Bajaj Auto has decided against including Makharia in the Senior Management team.
• Effective Date: The change will take effect from January 1, 2026.
• Regulatory Compliance: This update has been made in accordance with SEBI listing regulations.

Regulatory Adherence

Bajaj Auto has demonstrated its commitment to transparency and regulatory compliance by:

1. Promptly informing stock exchanges about the change in decision.
2. Adhering to Regulation 30 read with para A, part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
3. Making the information available on the company's website at www.bajajauto.com/investors/disclosures , as per Regulation 30(8) of the Listing Regulations.

This swift communication reflects Bajaj Auto's dedication to keeping investors and regulatory bodies informed about significant changes in its management structure.

While the reasons for this reversal have not been disclosed, such changes in senior management appointments are not uncommon in the corporate world. They can be influenced by various factors, including strategic realignments, personal decisions, or changes in the company's operational needs.

Investors and industry observers will likely be keen to see how this decision might impact Bajaj Auto's product strategy and senior leadership structure going forward.

Bajaj Auto 's wholly-owned subsidiary, Bajaj Auto Credit Limited (BACL), has successfully raised Rs. 500 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. This strategic move highlights the company's efforts to strengthen its financial position.

Key Details of the NCD Issuance

• Issuer: Bajaj Auto Credit Limited (BACL)
• Issue Size: Rs. 500 crore
• Instrument: Secured, Rated, Listed, Redeemable, Non-convertible Debentures
• Number of NCDs: 50,000
• Face Value: Rs. 1,00,000 per NCD
• Placement: Private
• Listing: National Stock Exchange of India Ltd. (NSE)

Timeline of Events

The allotment of these NCDs was approved by the Debenture Issuance and Allotment Committee of BACL's Board of Directors on November 27, 2025. Following this approval, the NCDs were successfully listed on the National Stock Exchange of India Ltd. (NSE) on December 1, 2025.

This move by Bajaj Auto Credit Limited demonstrates the company's ability to access debt markets. The successful placement and listing of these NCDs may reflect investor confidence in the Bajaj Auto group's financial stability.

For investors and market observers, this development provides insight into Bajaj Auto's financial strategy and its subsidiary's role in the group's overall financial structure. It's worth noting that such debt issuances can impact the company's financial ratios and may be of interest to stakeholders analyzing Bajaj Auto's consolidated financial position.

As the automotive industry continues to evolve, with increasing focus on electric vehicles and changing consumer preferences, companies like Bajaj Auto and its subsidiaries may use such financial instruments to fund their operations and initiatives.