Bajaj Finance Approves Reappointment of Independent Director; Rajiv Bajaj Steps Down from Board
Bajaj Finance Limited announced key decisions regarding its board composition following the 39th Annual General Meeting held on July 30, 2026. The meeting resulted in the approval of a second term for an Independent Director and the resignation of Non-Executive Director, Rajiv Bajaj.Members approved the re-appointment of Pramit Jhaveri as an Independent Director of the Company. This appointment is not liable to retire by rotation and covers a second consecutive term of five years. The terms of office for Mr. Jhaveri commence from August 1, 2026, and will conclude on July 31, 2031.
Additionally, Rajiv Bajaj, who serves as a Non-Executive Director, did not seek re-appointment at the Annual General Meeting. This decision was attributed to his increased professional commitments arising from additional responsibilities at Bajaj Auto Limited. His departure is effective immediately upon the conclusion of the 39th Annual General Meeting on July 30, 2026.
BAJFINANCE Stock Price Movement
Bajaj Finance Limited rallied strongly in post-market trading, concluding the day with a robust gain of 8.32% to settle at ₹1141.2. This impressive surge occurred amid high demand, as the equity traded near its yearly peak after generating a volume of 40.81 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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