Bajaj Finance Limited has announced significant strategic updates following its board meeting on April 29, 2026, including a massive proposal to increase its borrowing limits and key changes to its Board of Directors. The company intends to raise substantial funds through debt instruments like non-convertible debentures to support its growth trajectory. Additionally, the board approved the re-appointment of an Independent Director and took note of the upcoming departure of a long-standing Non-Executive Director.

The Board of Directors has proposed an increase in the company’s overall borrowing limit from ₹375,000 crore to ₹550,000 crore, a move that is subject to shareholder approval at the upcoming Annual General Meeting (AGM). In leadership updates, Pramit Jhaveri has been re-appointed as a Non-Executive Independent Director for a second five-year term starting August 1, 2026. Conversely, Shri Rajiv Bajaj has expressed his decision to step down and will not seek re-election, concluding his tenure as a Non-Executive Director at the close of the AGM on July 30, 2026.

Bajaj Finance is a leading Indian Non-Banking Financial Company (NBFC) with a diverse portfolio spanning consumer finance, commercial lending, and wealth management. Throughout 2025, the company focused on expanding its digital ecosystem and enhancing its omnichannel presence to drive customer acquisition. Key updates in 2025 included the continued scaling of its “Super App” and strategic partnerships to broaden its insurance and investment product offerings. The company remains a dominant player in the retail financing space, particularly in consumer durables and personal loans.

In the financial results preceding this notice, Bajaj Finance has consistently demonstrated robust growth. For the periods reported in 2025, the company maintained healthy net interest margins and managed asset quality effectively despite fluctuating market conditions. Revenue and profit figures have shown steady Year-over-Year (YoY) increases, often supported by a growing Assets Under Management (AUM) base that surpassed significant milestones during the 2025 calendar year. The company’s shareholder roster includes prominent institutional investors and FIIs, with the promoter group, Bajaj Finserv Limited, maintaining a significant controlling interest alongside major global funds that frequently monitor the company’s performance.