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Bajaj Finance
BSE: 500034NSE: BAJFINANCEISIN: INE296A01024

21st-Jul-2020 13:37Source: BSE

Bajaj Finance - Change In Chairman Of The Board

In terms of provision of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, this is to inform you that, Shri Rahul Bajaj, Non-Executive Chairman of the Company, having been at the helm of the Company since its inception in 1987 and the Group for over five decades, as part of succession planning, has decided to demit the office as Chairman of the Board w.e.f. close of business hours on 31 July 2020. He would, however, continue to serve the Company as a Non-Executive Non Independent Director.

The Board of Directors, at its meeting held today, has approved the appointment of Shri Sanjiv Bajaj, currently the Vice Chairman of the Company, as Non-Executive Chairman of the Company with effect from 1 August 2020, in place of Shri Rahul Bajaj.

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