What the members approved
Bajaj Finance told the exchanges that, at its 39th Annual General Meeting held on 30 July 2026, shareholders approved two directorate changes flagged earlier in the company's 29 April 2026 letter. Pramit Jhaveri (DIN: 00186137) was re-appointed as an Independent Director, not liable to retire by rotation, for a second consecutive five-year term. Rajiv Bajaj (DIN: 00018262), a Non-Executive Director who was liable to retire by rotation, did not offer himself for re-appointment.
Why Rajiv Bajaj stepped down
Per the filing, Rajiv Bajaj chose not to seek re-appointment due to increased professional commitments arising from additional responsibilities at Bajaj Auto Limited. His departure takes effect on conclusion of the AGM held on 30 July 2026, at the close of business hours. The company disclosed no other reason and named no replacement for the vacated Non-Executive Director seat.