Rajiv Bajaj to Resign from Bajaj Finserv Board Amid Increased Responsibilities
Rajiv Bajaj to step down from Bajaj Finserv board
Image: Moneycontrol
Rajiv Bajaj will resign as a non-executive director from Bajaj Finserv's board due to increased commitments at Bajaj Auto Ltd. He will not seek re-election at the upcoming annual general meeting on July 31, 2026.
- 01Rajiv Bajaj is stepping down to focus on his roles at Bajaj Auto Ltd., including new ventures.
- 02He will cease to be a director at Bajaj Finserv upon retirement by rotation at the AGM on July 31, 2026.
- 03Bajaj Finserv shares rose nearly 1% following the announcement, trading at ₹1,689 per share.
- 04Bajaj Finance also confirmed his resignation from its board, effective at the same AGM.
- 05The Board of Directors expressed appreciation for his contributions during his tenure.
Advertisement
In-Article Ad
Bajaj Finserv announced on June 9 that Rajiv Bajaj, a non-executive director, will resign from its board. This decision comes as Bajaj has taken on additional responsibilities at Bajaj Auto Ltd., which include the establishment of Bajaj Auto Technology Ltd. and Bajaj Auto Credit Ltd., along with the recent acquisition of KTM. Consequently, he has chosen not to seek re-election at the upcoming annual general meeting scheduled for July 31, 2026. Upon retirement by rotation at this AGM, he will officially cease his role as a director. Following this announcement, Bajaj Finserv shares saw a slight increase of nearly 1%, trading at ₹1,689 per share. Furthermore, Bajaj Finance confirmed that Rajiv Bajaj will also step down from its board at the same AGM, with the Board expressing its gratitude for his long-standing contributions to the company.
Advertisement
In-Article Ad
Rajiv Bajaj's resignation may lead to changes in strategic direction for Bajaj Finserv.
Advertisement
In-Article Ad
Reader Poll
What do you think about Rajiv Bajaj's decision to step down?
Connecting to poll...
Read the original article
Visit the source for the complete story.