Bajaj Finserv Non-Executive Director Rajiv Bajaj to Exit Board Following July 31, 2026, AGM

Bajaj Finserv has informed the stock exchanges that non-executive director Rajiv Bajaj will step down from the company's Board at the Annual General Meeting (AGM) scheduled for 31 July 2026.  

As per the filing, he has not offered himself for re-election and will cease to be a director upon retirement by rotation at the meeting. 

Higher Responsibilities Prompt Decision 

The regulatory filing attributes the decision to Rajiv Bajaj's expanding responsibilities at Bajaj Auto Ltd.  

With the establishment of Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd., along with the group's recent acquisition of KTM, his workload has increased, leading him to reduce his other commitments. 

Filing Made Under SEBI Regulations 

The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular dated 30 January 2026.  

Bajaj Finserv noted that it received the communication from Rajiv Bajaj on 8 June 2026, following which the information was shared with the stock exchanges on 9 June. 

Board Records Appreciation 

The Board of Directors has taken note of the decision and placed on record its gratitude for Rajiv Bajaj's contribution during his long association with the company.  

The filing acknowledged his role as a non-executive director and thanked him for his services over the years. 

Read More: ICICI Bank Overtakes Reliance Industries in Nifty 50 Weightage on Higher Free-Float Market Capitalisation! 

Bajaj Finserv Share Price Performance  

As of 9 June 2026, 2:18 pm, Bajaj Finserv share price was trading at ₹1,690.60, up 0.96% from the previous closing price. 

Conclusion 

The Board change will take effect after Bajaj Finserv's AGM scheduled for 31 July 2026. Rajiv Bajaj has chosen to reduce his external commitments following additional responsibilities in the group. 

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