Bajaj Auto has announced through a regulatory filing under Regulation 30 that its step-down subsidiary KTM AG has successfully secured a €550 million refinancing loan from an international banking consortium. The announcement was made by Bajaj Mobility AG, formerly PIERER Mobility AG, on February 26, 2026.

Regulatory Disclosure and Corporate Structure

The disclosure was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. KTM AG operates as a wholly-owned subsidiary of Bajaj Mobility AG, which is itself a step-down subsidiary of Bajaj Auto Limited. Bajaj Mobility AG's shares are listed on the SIX Swiss Exchange and Vienna Stock Exchange.

Refinancing Loan Structure and Terms

The comprehensive refinancing package demonstrates strong institutional confidence in KTM AG's financial position. The loan carries favorable terms reflecting the company's creditworthiness and strategic importance within the Bajaj Auto group structure.

Debt Restructuring Context

This refinancing represents the completion of KTM AG's restructuring measures that began in 2025. As part of the previous year's restructuring, Bajaj Auto International Holdings B.V. had provided KTM AG with a €450 million loan in May 2025 to finance the restructuring plan quota. The current €550 million facility effectively replaces the existing debt arrangement.

The unsecured nature of the new loan and competitive interest rates indicate improved financial stability and lender confidence in KTM AG's business prospects. During the loan term, KTM AG will be subject to market-standard restrictions on dividend distributions, ensuring prudent financial management.

Strategic Implications

With the signing of this loan agreement, Bajaj Mobility AG has confirmed that KTM AG's refinancing measures are now complete. This development strengthens KTM AG's financial foundation and provides the company with enhanced operational flexibility. The successful refinancing at favorable terms reflects positively on the broader Bajaj Auto group's financial management and strategic positioning in international markets.

Bajaj Auto has issued a formal clarification to BSE Limited and National Stock Exchange of India regarding its partnership with VDO.AI and Dentsu India for the Triumph Motorcycles campaign. The clarification was provided in response to stock exchange queries about a news item that led to a 3.39% increase in the company's share price.

Stock Exchange Response

The company responded to surveillance department queries from both BSE Limited (reference no. L/SURV/ONL/RV/APJ/(2025-2026)/194) and National Stock Exchange of India (reference no. NSE/CM/Surveillance/16504) regarding the news item titled "Bajaj Auto Partners with VDO.AI and Dentsu India to Drive High-Impact DCO-Led CTV Campaign for Triumph Motorcycles."

Partnership Structure and Details

Bajaj Auto clarified the nature of its business relationships in the campaign execution. The company explained that Dentsu India serves as its digital marketing vendor, working with multiple external partners including Google, Meta, and various publishers such as VDO.AI, Times of India, and Inshorts.

Campaign Specifications

The Triumph Motorcycles campaign ran from November 25, 2025, to December 16, 2025, focusing on the brand message "For Those Who Know The Difference." The campaign utilized Connected TV advertising through VDO.AI to access various OTT platforms, representing regular marketing activities conducted through Dentsu India.

Regulatory Compliance Statement

Bajaj Auto confirmed that no information related to this partnership requires disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it remains unaware of any undisclosed information that could explain the trading movement in its equity shares.

The company emphasized its commitment to timely disclosures to stock exchanges as required under applicable listing regulations, including events likely to impact share price or trading volume.