Rajiv Bajaj to step down from Bajaj Finance board after AGM

Bajaj Finance Ltd on Wednesday said Rajiv Bajaj will step down as a non-executive director of the company and will not seek re-election at the upcoming annual general meeting.

In a regulatory filing, the company said Bajaj has expressed his willingness to step down and will cease to be a non-executive director at the conclusion of the AGM scheduled on July 30, 2026.

“The Board of Directors, at its meeting held today, took note of the above and placed on record its sincere appreciation for Shri Rajiv Bajaj’s valuable service and contribution during his long association with the company,” it said.

In another announcement, the company said the board has approved the re-appointment of Pramit Jhaveri as a non-executive independent director for a second term of five consecutive years with effect from August 1, 2026, subject to shareholders’ approval by way of a special resolution.