Bajaj Finance Limited, one of India's leading non-banking financial companies, has announced a significant leadership change that marks a new chapter in the company's management structure.

Key Leadership Changes

• Anup Kumar Saha has resigned from his position as Managing Director of Bajaj Finance Limited.
• Rajeev Jain has been appointed as the new Vice-Chairman and Managing Director (VC & MD) of the company.

Details of the Transition

The Board of Directors of Bajaj Finance, in a meeting held on July 21, 2025, accepted the resignation of Anup Kumar Saha as the Managing Director and as a member of the Board of Directors. Mr. Saha's resignation, citing personal reasons, will be effective from the close of business hours on July 21, 2025.

In response to this change and to ensure management continuity, the Board has re-designated Rajeev Jain as the Vice-Chairman and Managing Director. This appointment is based on the recommendation of the Nomination and Remuneration Committee of the Company.

Rajeev Jain's New Role

Rajeev Jain, who previously held the position of Executive Vice-Chairman, will now take on expanded responsibilities. In addition to his existing powers and roles, he will be vested with the overall management responsibilities of the company. His term as VC & MD will continue until March 31, 2028, aligning with his current tenure.

Board's Statement

The Board of Directors expressed their appreciation for Anup Kumar Saha's services as Director and Managing Director, wishing him the best for his future endeavors. They also emphasized the importance of continuity in management, which led to the decision to elevate Rajeev Jain to the role of VC & MD.

Regulatory Compliance

This leadership change has been disclosed in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the stock exchanges about these developments.

Impact on Key Managerial Personnel

As a result of his resignation, Anup Kumar Saha will no longer be considered a Key Managerial Personnel for the purpose of determining materiality of events or information and for making disclosures to stock exchanges under SEBI regulations.

This leadership transition marks a significant moment for Bajaj Finance as it moves forward under the guidance of Rajeev Jain in his new capacity as Vice-Chairman and Managing Director. The company's stakeholders will be keenly watching how this change influences the strategic direction and performance of Bajaj Finance in the coming years.

Bajaj Finance , a prominent player in the housing finance sector, is set to reveal its quarterly results for the period ended June 2025 on July 23. The company has scheduled a board meeting to approve the unaudited standalone financial results, followed by an earnings conference call at 6:15 p.m. IST on the same day.

Key Points

• Quarterly results announcement: July 23, 2025
• Board meeting scheduled to approve unaudited standalone financial results
• Earnings conference call: 6:15 p.m. IST on July 23
• Trading window closure: July 1-25 for designated persons

Recent Performance

The Pune-based subsidiary of Bajaj Finance, which made its stock market debut in September 2024, has shown strong financial performance in the previous quarter (Q4FY25):

The company has maintained a robust asset quality, with low gross and net non-performing asset (NPA) ratios:

• Gross NPA: 0.29%
• Net NPA: 0.11%

Stock Performance

Bajaj Housing Finance's stock, which initially listed at Rs 150.00 (a 114.29% premium over its issue price of Rs 70.00), is currently trading at Rs 121.41 on the National Stock Exchange (NSE). While this represents a 19.00% decline from its listing price, the stock has shown resilience with a 7.24% increase over the past six months.

Investors and analysts will be keenly watching the upcoming Q1FY26 results to gauge the company's performance and growth trajectory in the competitive housing finance sector.