Bajaj Auto Shareholders Approve Buyback of Shares and Re-Appointment of Pradeep Shrivastava

Mumbai: Bajaj Auto Ltd has announced that its shareholders have approved the proposal for the buyback of equity shares through a postal ballot conducted via remote e-voting. The results of the voting process were declared on June 18, 2026, following the submission of the scrutinizer's report.

The special resolution seeking approval for the share buyback received overwhelming support from shareholders, with 99.84% of the votes cast in favour of the proposal.

Re-Appointment of Pradeep Shrivastava Approved for Five Years

Shareholders also approved the re-appointment of Pradeep Shrivastava (DIN: 07464437) as Whole-time Director, designated as Executive Director, for a period of five years with effect from April 1, 2026.

The resolution was passed with 95.44% of the votes cast supporting the proposal.

Postal Ballot Conducted Through Remote E-Voting

Bajaj Auto had issued the postal ballot notice on May 14, 2026, seeking shareholders' approval on the two special resolutions. The remote e-voting process commenced on May 18 and concluded at 5:00 p.m. on June 16, 2026.

The voting exercise was conducted electronically through KFin Technologies Limited. Vaibhav Dandawate, Partner at Makarand M. Joshi & Co., Practicing Company Secretaries, acted as the scrutinizer for the postal ballot process.

Strong Shareholder Participation

As of the cut-off date of May 8, 2026, Bajaj Auto had 3,33,717 shareholders. A total of 21.70 crore votes were polled for the buyback resolution, representing 77.64% of the outstanding shares, while 21.69 crore votes were cast for the resolution relating to the re-appointment of Pradeep Shrivastava.

Based on the scrutinizer's report, both resolutions were passed with the requisite majority.