Overview
- Bajaj Finserv told exchanges on June 9, 2026 that Rajiv Bajaj will not seek re-election and will cease to be a director when he retires by rotation at the company AGM on July 31, 2026.
- The move mirrors an earlier filing from Bajaj Finance on April 29, 2026 that said he would step down from that board at its AGM on July 30, 2026.
- Company statements say the decision stems from expanded responsibilities at Bajaj Auto, including forming Bajaj Auto Technology Ltd and Bajaj Auto Credit Ltd and integrating the recent KTM acquisition.
- Both boards formally recorded their gratitude for Rajiv Bajaj’s long service and the filings identify him as a non‑executive director (DIN: 00018262) following standard retirement and governance procedures.
- Shares of Bajaj Finserv and Bajaj Finance registered a small intraday uptick on the news, and the exits could speed focused leadership at Bajaj Auto while prompting succession planning at the group’s financial firms.