Bajaj Finance Limited has announced key changes to its Board of Directors following its 39th Annual General Meeting held on 30 July 2026. Pramit Jhaveri has been re-appointed as an Independent Director for a second term of five years, effective 1 August 2026. Concurrently, Rajiv Bajaj, Non-Executive Director, has stepped down due to increased professional commitments.
Boardroom Appointments and Departures at Bajaj Finance
Bajaj Finance Limited has confirmed significant decisions made at its 39th Annual General Meeting (AGM), held on 30 July 2026. These decisions include the re-appointment of a key director and the departure of another, impacting the company’s board composition.
Pramit Jhaveri’s Re-appointment
Shareholders have approved the re-appointment of Pramit Jhaveri (DIN: 00186137) as an Independent Director for a second term. This new term will span five consecutive years, commencing on 1 August 2026 and concluding on 31 July 2031. Mr. Jhaveri will not be liable to retire by rotation, underscoring his continuing strategic role.
Rajiv Bajaj Steps Down
Rajiv Bajaj, who served as a Non-Executive Director and was liable to retire by rotation, has chosen not to seek re-appointment. This decision stems from his growing professional commitments, particularly due to additional responsibilities at Bajaj Auto Limited. His stepping down was effective upon the conclusion of the 39th AGM on 30 July 2026, after business hours.
These changes are part of the company’s ongoing governance and leadership management to ensure effective oversight and strategic direction.
Source: BSE
