Summary of Key Information:

Nature of Filing / Announcement: Appointment of Director under Regulation 30 of SEBI Listing Regulations

Date of Board Meeting / Approval: 27 October 2026

Meeting Duration: Commenced at 12:00 noon, concluded at 03:10 p.m.

Corporate Actions:

Director Appointment:

  • Ms. Pallavi Joshi Bakhru (DIN: 01526618) appointed as Non-executive Independent Director
  • Appointment based on recommendation of Nomination and Remuneration Committee
  • Term: First term of five consecutive years
  • Effective Date: 01 January 2027
  • Term End Date: 31 December 2031
  • Subject to approval of Shareholders of the Company

Other Significant Information:

Director Profile - Ms. Pallavi Joshi Bakhru:

Professional Experience:

  • Leads Family Office and Private Client Services at Grant Thornton Bharat
  • Over 30 years of experience across various sectors
  • Specializes in corporate tax, litigation, international arbitration under BIT, tax structuring, and FEMA regulatory matters
  • Previously Head of Tax at a large $15 billion natural resources group for five years
  • Recognized as one of Top 10 Women in Tax in India by International Tax Review (2015)

Areas of Expertise:

  • Business restructuring and ETR reduction for promoters
  • Business reorganization and geographic footprint establishment overseas
  • Family constitutions and governance charters
  • Family Office structuring and management
  • Trust and will establishment for succession planning
  • NextGen mentoring
  • Second residency evaluation for HNIs

Professional Qualifications:

  • Fellow Member of the Institute of Chartered Accountants of India
  • Member, Indian Institute of Corporate Affairs

Current Board Memberships:

  • Vedanta Limited - Independent/Non-executive Director
  • Hindustan Zinc Limited - Independent/Non-executive Director
  • Gaberial India Limited - Independent/Non-executive Director
  • Neuland Laboratories Limited - Independent/Non-executive Director

Professional Activities:

  • Regular speaker at events hosted by CII, FICCI, Yi-Fi, TiE, and VIA
  • Represents firm on succession planning and tax structuring discussions
  • Leader of UK Corridor at Grant Thornton Bharat
  • Leads Britain meets India Report launched annually with CII and UK's DIT

Compliance Information:

Regulatory References:

  • SEBI Listing Regulations, 2015 - Regulation 30 read with para A, part A of Schedule III
  • SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30 January 2026
  • BSE Circular No. LIST/COMP/14/2018-19
  • NSE Circular No. NSE/CML/2018/24 dated 20 June 2018

Filing Details:

  • Filed with BSE Limited and National Stock Exchange of India Ltd.
  • Intimation available on company website: https://www.bajajauto.com/investors/disclosures
  • Signed by Rajiv Gandhi, Company Secretary & Compliance Officer (ACS 11263)