Bajaj Finance Limited – Board Changes Overview

Date of Announcement: 29 April 2026

Key Highlights

• Resignation: Shri Rajiv Bajaj (DIN: 00018262) will step down as a Non‑Executive Director and will not stand for re‑election at the AGM scheduled for 30 July 2026.
• New Appointment: Mr. Pramit Shashikant Jhaveri appointed as Non‑Executive Independent Director for a 60‑month term effective 1 August 2026.
• Board Meeting: Held on 29 April 2026, 13:45 – 15:50 hrs, where the changes were approved.
• Regulatory Compliance: Disclosure filed as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for Investors

• Governance: Introduction of an independent director strengthens board independence, aligning with best‑practice governance standards.
• Strategic Continuity: Rajiv Bajaj’s exit is limited to a non‑executive role; day‑to‑day operations remain under existing senior management.
• Risk Management: No immediate financial or operational risk identified; however, investors should watch for any strategic shifts announced by the new director.
• Regulatory Standing: Full compliance with SEBI disclosure norms minimizes regulatory risk.

Outlook

• Score: 6 / 10 (moderately positive)
• Rationale: The prompt replacement with a seasoned independent director offsets potential concerns about board stability, suggesting a neutral to slightly positive impact on corporate governance and investor confidence.

Prepared by the Senior Finance Analyst Team