Bajaj Auto Seeks Buyback Approval for ₹5,632.80 Crore

Bajaj Auto Limited has announced a postal ballot to seek shareholder approval for a buyback of up to 46,94,000 equity shares, representing 1.68% of the total paid-up equity share capital, at a price of ₹12,000 per share. The aggregate buyback size amounts to ₹5,632,80,00,000 (₹5,632.80 crore), excluding transaction costs. The company has also proposed the re-appointment of Shri Pradeep Shrivastava as Whole-time Director (designated as Executive Director) for a period of five years effective from 1 April 2026.

Buyback Details

The Board approved the buyback proposal on 06 May 2026. The buyback will be conducted through the “Tender Offer” route using the stock exchange mechanism. The maximum amount represents 16.93% and 15.59% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements as on March 31, 2026, respectively. The Promoters and Promoter Group have expressed their intention not to participate in the buyback.

Parameter Details Buyback Size ₹5,632.80 crore Buyback Price ₹12,000 per share Number of Shares 46,94,000 equity shares Percentage of Capital 1.68% of paid-up equity share capital Route Tender Offer Record Date To be determined

Postal Ballot and E-voting Schedule

The remote e-voting period commences on 18 May 2026 at 9:00 a.m. IST and concludes on 16 June 2026 at 5:00 p.m. IST. The cut-off date for determining eligibility is 08 May 2026. The special resolutions seek approval for the buyback and the re-appointment of Shri Pradeep Shrivastava.

Re-appointment of Director

Shri Pradeep Shrivastava (DIN: 07464437) has been recommended for re-appointment as Executive Director for a term of five years from 1 April 2026 to 31 March 2031. His remuneration is proposed at ₹14.34 crore per annum. The resolution also seeks approval for his continuation after he attains the age of 70 years on 31 March 2030.

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