Bajaj Auto Ltd. Announces Results of 17th Annual General Meeting (AGM)

PUNE, July 18, 2024 – Bajaj Auto Limited (BAL) announced today the results of its 17th Annual General Meeting (AGM) held on July 16, 2024. Shareholders approved all resolutions presented at the meeting, including:

• Adoption of Financial Statements: The audited standalone and consolidated financial statements for the financial year ended March 31, 2024, along with the Directors' and Auditors' Reports, were approved.
• Dividend Declaration: A dividend payment was approved by the shareholders.
• Appointment of Directors: Pradeep Shrivastava and Rakesh Sharma were re-appointed as directors.
• Ratification of Cost Auditor Remuneration: The remuneration of the cost auditor was ratified.
• Modification of Employee Stock Option Scheme: The Bajaj Auto Employee Stock Option Scheme 2019 was modified.
• Extension of Employee Stock Option Benefits: The extension of benefits and grant of options to employees of associate and group companies under the Bajaj Auto Employee Stock Option Scheme 2019 was approved.

The resolutions were passed with an overwhelming majority through a combination of remote e-voting and electronic voting at the AGM venue.

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