Meeting Details
- Date: Monday, 2 November 2026
- Time: 12:45 p.m. IST
- Location: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
- Type: Extraordinary General Meeting
- Cut-off date for voting rights: Monday, 26 October 2026
- Deemed venue: Registered Office of the Company at 4th Floor, Bajaj Finserv House, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411014
Proposed Resolutions and Implications
Item No. 1: Issuance of Warrants on Preferential Basis to Bajaj Finserv Limited
This special resolution seeks approval for:
- Issuance of up to 5,75,25,985 warrants convertible into equivalent number of equity shares
- Aggregate consideration not exceeding ₹5,800 crore
- Warrants convertible within 18 months from allotment date
- 25% payment at warrant allotment, 75% at conversion to equity shares
- Pricing determined as per SEBI ICDR Regulations with floor price of ₹1,008.24 per warrant
- Objects: Up to ₹4,640 crore for debt repayment and ₹1,160 crore for general corporate purposes
- Post-issue promoter holding expected to be 51.23% (assuming full conversion)
Item No. 2: Issuance of Securities under Qualified Institutions Placement
This special resolution seeks approval for:
- QIP issuance of equity shares to raise up to ₹11,700 crore
- Allocation to Qualified Institutional Buyers only
- Completion within 365 days from resolution passing
- Pricing with discount not more than 5% on floor price calculated as per SEBI ICDR Regulations
- Objects: Up to ₹9,360 crore for debt repayment and ₹2,340 crore for general corporate purposes
- Minimum allottees: 2 (if issue size ≤ ₹250 crore) or 5 (if issue size > ₹250 crore)
Voting Process and Methods
Remote E-voting
- Period: Thursday, 29 October 2026 (9:00 a.m. IST) to Sunday, 1 November 2026 (5:00 p.m. IST)
- Service Provider: KFin Technologies Limited
- Methods:
- Individual demat holders: Login through NSDL/CDSL platforms
- Other shareholders: Login through KFin's e-voting portal https://evoting.kfintech.com
- Helpdesk contacts provided for technical assistance
E-voting at EGM
- Available for members present at EGM who haven't voted remotely
- Voting kept open for 15 minutes at end of meeting
- Members can vote through 'e-voting' sign on video screen or 'Thumbs-up' icon on e-Meeting webpage
Key Voting Outcomes and Participation
- Total votes cast: To be determined after EGM
- Results will be declared along with scrutinizer's report
- Results will be placed on Company website and KFin website
- Participation breakdown by shareholder category will be available post-voting
Scrutinizer's Role and Appointment
- Appointed Scrutinizer: Sachin Bhagwat, Practicing Company Secretary (ACS No. 10189, CP No. 6029)
- Alternate Scrutinizer: Amruta Patil, Partner, Jog Limaye & Associates (ACS No. 25028, CP No. 27101)
- Responsibilities: Count votes cast at meeting, unblock remote e-voting votes, prepare consolidated scrutinizer's report
- Report Timeline: To be prepared immediately after conclusion of voting
Compliance with Laws and Regulations
The notice confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
- Ministry of Corporate Affairs General Circular No. 03/2025 dated 22 September 2025
- All required documents available for electronic inspection by members
Additional Information
- The notice is being sent electronically to members with registered email addresses
- Physical attendance dispensed with; no proxy facility available
- Speaker registration required by 30 October 2026 for participation in EGM
- KYC compliance mandatory for physical shareholders
- All documents referred to in the notice available for electronic inspection
- Certificate from Practising Company Secretary available for inspection during meeting