Bajaj Housing Finance Limited has issued a postal ballot notice dated 2 February 2026, seeking shareholder approval for the appointment of Shri Ajay Kumar Choudhary as an Independent Director. The notice was sent to shareholders through electronic mode on 12 March 2026, marking a significant governance milestone for the housing finance company.

Proposed Appointment Details

The postal ballot seeks approval for appointing Shri Ajay Kumar Choudhary (DIN: 09498080) as an Independent Director for a term of five consecutive years with effect from 1 March 2026. The appointment requires passing of a special resolution by the shareholders.

E-Voting Schedule and Process

The company has established a comprehensive e-voting framework for the postal ballot process. Shareholders whose names appear in the Register of Members as on the cut-off date will be eligible to participate in the voting process.

The Board of Directors appointed Sachin Bhagwat, Practicing Company Secretary (ACS No. 10189, CP No. 6029), as the Scrutiniser to oversee the postal ballot process in a fair and transparent manner.

Profile of the Proposed Director

Shri Ajay Kumar Choudhary brings extensive experience from the financial services sector, having concluded his service as Executive Director at the Reserve Bank of India in October 2023 after over three decades of distinguished service. His expertise spans banking regulation, supervision, FinTech, and payments and settlement systems.

Current Directorships and Committee Positions

Shri Choudhary currently holds directorships in multiple companies and serves on various board committees. His listed company directorships include Aurionpro Solutions Limited and Bajaj Finance Limited, while his unlisted company positions encompass several NPCI subsidiaries and other financial services entities.

His committee memberships span across risk management, audit, nomination and remuneration, and stakeholders' relationship committees in various organizations, demonstrating his comprehensive governance experience.

Board Recommendation and Rationale

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, appointed Shri Choudhary as an Additional Director (Independent) with effect from 1 March 2026. The Board emphasized that his qualifications, extensive knowledge, and rich experience in banking regulation, supervision, and FinTech would bring immense benefit and value to the company.

The appointment aligns with the company's strategy to broad-base the Board with professionals from diverse fields, particularly given the evolving landscape of housing finance and digital transformation in financial services.

Source: None/Company/INE377Y01014/0b13623a-5252-41fb-a361-89a53cdebb8f.pdf

Bajaj Housing Finance Limited has successfully allotted secured redeemable non-convertible debentures (NCDs) worth ₹503.42 crore on a private placement basis. The Debenture Allotment Committee of the company approved this significant fundraising initiative during its meeting held on March 2, 2026.

Debenture Allotment Details

The company has issued 50,000 NCDs with a face value of ₹1,00,000 each, aggregating to ₹503.4165 crore including discount and accrued interest. This represents a re-issue under ISIN INE377Y07623, indicating the company's continued access to debt capital markets.

Interest Rate and Maturity Structure

The NCDs offer an attractive coupon rate of 7.25% per annum with annual interest payment frequency. The debentures have a residual tenure of 1057 days and are scheduled to mature on January 22, 2029.

Security and Listing Details

The debentures are secured by a first pari-passu charge on book debts and loan receivables, with security cover equivalent to 1.00 times the aggregate outstanding value of debentures. The company has proposed to list these NCDs on the Wholesale Debt Market Segment of BSE Limited, providing liquidity options for investors.

Corporate Governance

The Debenture Allotment Committee meeting commenced at 12:00 noon and concluded at 12:20 p.m. on March 2, 2026. The allotment was formally communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This successful NCD allotment demonstrates the company's ability to raise funds through debt instruments while maintaining attractive terms for investors. The structured repayment schedule and security provisions provide additional comfort to debenture holders.