Bajaj Housing Finance Limited has announced a significant addition to its leadership team with the appointment of Shri Ajay Kumar Choudhary as Additional Director (Independent). The Board of Directors approved this strategic appointment during their meeting held on 2 February 2026, marking an important step in strengthening the company's governance structure.

Board Approval and Appointment Details

The appointment was approved based on the recommendation of the Nomination and Remuneration Committee, demonstrating the company's commitment to robust governance practices. The key details of the appointment are structured as follows:

The company has confirmed that Choudhary is not debarred from holding the office of Director by any order from SEBI or other authorities, ensuring his eligibility for the appointment.

Distinguished Professional Background

Shri Ajay Kumar Choudhary brings exceptional credentials to Bajaj Housing Finance, with an illustrious career spanning over three decades at the Reserve Bank of India. His professional journey culminated as Executive Director of RBI, a position he held until October 2023. His expertise encompasses critical areas including banking regulation, supervision, FinTech, and payments and settlement systems.

Choudhary's multifaceted role at RBI involved overseeing banking regulation and supervision, currency management, payments and settlement systems, and other critical functions across Central Office and Regional Offices. He demonstrated leadership in key departments such as the FinTech Department and Risk Monitoring Department.

Current Leadership Roles and Achievements

Currently, Choudhary serves as Non-Executive Chairman of the Board and Independent Director of National Payments Corporation of India (NPCI) and its subsidiaries. He also holds independent director positions at several other entities and acts as senior advisor to various firms.

His notable achievements at RBI include:

• Spearheading implementation of Central Bank Digital Currency (CBDC)
• Formulating strategic approaches towards Crypto Assets
• Developing regulatory guardrails for Fin-Techs
• Operationalizing Tech-Sprint and regulatory sandboxes
• Overseeing RBI Innovation Hub initiatives
• Playing a pivotal role in implementing the platform on frictionless credit (now known as ULI)

International Experience and Recognition

Choudhary's expertise extends to international banking regulation, having represented RBI in various international groups and forums. He successfully headed the RBI team for the Regulatory Consistency Assessment Program (RCAP) of India conducted by BCBS and participated in international teams for RCAP assignments across different jurisdictions.

Additionally, he served as Director of Supervision of Bank of Mauritius, where he was responsible for regulation and supervision of Banks, Non-Bank Deposit Taking Institutions, and Forex Dealers. His published research includes papers on countercyclical capital buffers, capital requirements for sovereign assets, and corporate insolvency regime implications for the Indian banking system.

Regulatory Compliance and Independence

The appointment follows all regulatory requirements under Regulation 30 and Regulation 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Choudhary is not related to any other director of the company, ensuring his independence in the role. The Board meeting commenced at 02.00 p.m. and concluded at 03.40 p.m. on 2 February 2026, with proper documentation submitted to both BSE and NSE.

Bajaj Housing Finance Limited has successfully completed the allotment of secured redeemable non-convertible debentures (NCDs) worth ₹500.00 crores on private placement basis. The Debenture Allotment Committee approved the issuance during its meeting held on January 22, 2026, marking a significant fundraising milestone for the housing finance company.

NCD Allotment Details

The company allotted 50,000 NCDs at a face value of ₹1,00,000.00 each, aggregating to ₹500.00 crores. The debentures offer an attractive coupon rate of 7.25% per annum with annual interest payment frequency and principal repayment at maturity.

Tenure and Payment Schedule

The NCDs carry a tenure of 1,096 days, with maturity scheduled for January 22, 2029. The payment structure includes annual interest payments followed by principal repayment at maturity, providing investors with regular income streams.

Security and Listing Details

The debentures are secured by a first pari-passu charge on book debts and loan receivables. The security cover is structured to be equivalent to 1.00 times the aggregate outstanding value of debentures issued under the General Information Document dated July 2, 2025. This security arrangement provides investors with asset-backed protection for their investment.

The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited, offering liquidity options for investors. The Debenture Allotment Committee meeting commenced at 10:50 AM and concluded at 11:10 AM on January 22, 2026, with Company Secretary Atul Patni overseeing the regulatory compliance and documentation process.

Corporate Governance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all regulatory requirements for private placement of secured debentures, ensuring compliance with applicable securities regulations and investor protection norms.