The Board of Directors of Bajaj Auto Limited, in its meeting held on May 6, 2026, has approved a share buyback program. The company proposes to buy back up to 4,694,000 fully paid-up equity shares, representing approximately 1.68% of the total paid-up equity share capital. The buyback will be conducted at a price of ₹12,000 per equity share, for an aggregate amount of up to ₹5,633 crore. This buyback, excluding transaction costs, is in accordance with the Companies Act, 2013, and SEBI (Buy-Back of Securities) Regulations, 2018, through the "Tender Offer" route. A Buyback Committee has been formed and delegated powers to manage the process. The Board or Buyback Committee retains the flexibility to adjust the Buyback Price and the number of shares to be bought back, provided the total Buyback Size remains unchanged, up to one working day prior to the record date. The pre-buyback shareholding pattern as of March 31, 2026, has been disclosed, showing promoters holding 55.01% of the shares. Detailed timelines and procedures will be outlined in the public announcement and letter of offer, which will be released in due course. The board meeting commenced at 2:00 p.m. and concluded at 5:30 p.m.
