Bajaj Finserv Board Approves Q2 Financial Results, ESOP Share Issue and New Reinsurance Venture
Bajaj Finserv Limited announced key outcomes of its Board of Directors meeting held on July 31, 2026, approving unaudited financial results for the quarter ended June 30, 2026, formalizing a significant equity issue, and granting approval to pursue re-insurance business.The Board approved the company's unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, prepared in accordance with Indian Accounting Standards (Ind AS). Limited review reports associated with these financials were also accepted, noting an unmodified opinion(s).
In a related corporate action, the Board granted approval for the issuance of 15,11,358 equity shares to the Bajaj Finserv ESOP Trust. These shares, which have a face value of Re.1, are set to rank pari-passu with existing equity shares and were issued at applicable grant prices under the Employee Stock Option Scheme.
Furthermore, the Board granted approval for the company to pursue re-insurance business through a newly incorporated subsidiary. This pursuit remains subject to the subsequent approval of the Insurance Regulatory and Development Authority of India (IRDAI) and other relevant authorities.
The meeting concluded after commencing at 10:45 a.m. IST.
BAJAJFINSV Stock Price Movement
Shares of Bajaj Finserv Limited are surging to ₹2007.1 as of 12:08 PM, having climbed 5.12% in live trading. The equity trades amidst robust activity, with 1.89 million shares transacted so far during the current session.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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