Change in Director / Key Managerial Personnel

Nature of change: Reappointment of Chief Information Security Officer (CISO)

Name and details: Prashant Verma (no DIN provided as this is not a director appointment)

Effective date and tenure: Reappointment effective from 1 February 2027 for a period of three (3) years

Brief profile and qualifications: Prashant Verma has been the Chief Information Security Officer of Bajaj Finance Ltd since 1 February 2024. He has approximately 21 years of full-time experience in the security domain. He joined the company 7 years ago as head of Cyber Risk Unit and now heads Information Security. In his previous roles, he has architected security services and worked as a security auditor and consultant for various domestic and international banks and insurance companies. He holds the CISSP (Certified Information Systems Security Professional) certification and is co-author of several security books.

Confirmation of eligibility: The reappointment is made as per RBI Guidelines and is subject to regulatory approvals, if any. The appointment was approved by the Board based on the recommendation of the Nomination and Remuneration Committee.

Relationship with other directors: Not applicable (NA) as this is not a director appointment.

Previous KMP: Prashant Verma is the current incumbent, having held the position since 1 February 2024. This is a reappointment rather than a replacement.

Key Financial or Operational Approvals

The Board of Directors, at its meeting held on 19 October 2026, approved the reappointment of Prashant Verma as Chief Information Security Officer. The meeting commenced at 16:15 Hrs IST and concluded at 17:32 Hrs IST.

Strategic or Business Context

The reappointment of the Chief Information Security Officer underscores the company's continued focus on cybersecurity and information security governance, particularly important for a financial services company handling sensitive customer data and financial transactions. The appointment aligns with RBI guidelines for financial institutions.

Any Other Material Information

Regulatory compliance: This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A, Para A of Schedule III and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11 November 2024.

Company details: Bajaj Finance Limited, Corporate ID No.: L65910MH1987PLC042961

Corporate Office: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014