Rajiv Bajaj to step down from Bajaj Finance board at end of term

Rajiv Bajaj's tenure as a non-executive director will conclude at the close of the company's upcoming annual general meeting, in line with regulatory requirements.

In Short

• Rajiv Bajaj to step down from Bajaj Finance board in July 2026
• He will not seek re-election at upcoming AGM
• No specific reason cited for stepping down

Bajaj Finance has announced that Rajiv Bajaj will step down from the board of Bajaj Finance at the end of his current term, after deciding not to seek reappointment, the company said in an exchange filing.

His tenure as a non-executive director will conclude at the close of the company’s upcoming annual general meeting, in line with regulatory requirements.

According to BSE filing dated April 29, 2026, “In terms of provision of Regulation 30 (read with Part A of Schedule Ill) of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, (Sebi Listing Regulations) as amended, this is to inform you that Shri Rajiv Bajaj (DIN: 00018262), has expressed his willingness to step down from the Company. He has informed that he will not be offering himself for re-election at the ensuing annual general meeting. Accordingly, he will cease to be Non-Executive Director of the Company at the ensuing annual general meeting scheduled to be held on Thursday, 30 July 2026 (close of business hours).”

The filing did not cite any specific reason for his decision beyond the completion of his term. Bajaj Finance also placed on record its appreciation for his contribution during his tenure on the board.

Rajiv Bajaj, who continues as managing director of Bajaj Auto, has been associated with the lender as part of the broader Bajaj Group structure. His departure comes as the company continues to operate with a largely professional management and board oversight.

The development is seen as a routine transition linked to board tenure rather than an abrupt change in leadership.

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