The Board of Directors of Bajaj Finance Limited convened on March 23, 2026, and formally approved the issuance of 3,472,439 equity shares. These shares, each with a face value of Re. 1, are being allotted at their respective grant prices to the Trustees of the BFL Employee Welfare Trust. This action implements part of the BFL Employee Stock Option Scheme, 2009, as confirmed during the meeting that concluded at 4:10 p.m..
Key Board Decision on Securities Issuance
In accordance with mandatory disclosure requirements, Bajaj Finance Limited today announced a significant decision taken by its Board of Directors. At the meeting held on March 23, 2026, the Board sanctioned the allotment of new equity shares aimed at fulfilling obligations under its employee incentive program.
Details of the Share Issuance
The approval covers the issuance of exactly 3,472,439 equity shares. Each share carries a nominal face value of Re. 1. These shares are being issued at their respective grant prices to the Trustees managing the BFL Employee Welfare Trust. This allocation is specifically executed under the terms of the BFL Employee Stock Option Scheme, 2009.
Meeting Timelines
The Board Meeting commenced promptly at 2:15 p.m. on the announcement date and formally concluded at 4:10 p.m. The Company Secretary, R. Vijay, confirmed that all pertinent records of this transaction will be filed accordingly.
Source: BSE
