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Bajaj Finserv Holds 17th Annual General Meeting: Key Resolutions Passed

Pune, 24th July 2024 – Bajaj Finserv Limited, a leading financial services company, successfully conducted its 17th Annual General Meeting (AGM) today at the Hotel Hyatt Regency, Viman Nagar, Pune. The meeting, chaired by Shri Sanjiv Bajaj, Chairman and Managing Director (CMD) of Bajaj Finserv, saw significant participation with 290 members attending.

Key Highlights of the AGM:

• Meeting Commencement: The AGM commenced at 12:15 p.m. and concluded at 1:38 p.m., including the time allocated for e-voting.
• Participation: In addition to physical attendance, the company provided a one-way live webcast of the proceedings via the website of the Registrar, KFin Technologies Limited.
• Chairman's Address: Sanjiv Bajaj introduced the Directors and Key Managerial Personnel and confirmed the presence of the Chairman of various committees, including the Audit Committee and Nomination and Remuneration Committee.
• Tributes: The CMD expressed profound grief over the demise of Shri D J Balaji Rao, an independent director who passed away on 28th November 2023.
• Director Retirement: Madhur Bajaj, a director since May 2007, announced his decision to step down and not seek re-election.
• Auditors' Reports: The Statutory Auditors’ Report and Secretarial Auditor’s Report for the financial year ended 31st March 2024, which did not contain any adverse remarks, were noted.
• Voting and Resolutions: The meeting included discussions on the adoption of financial statements, declaration of dividends, and other business matters. Members who had not cast their votes through remote e-voting were provided an opportunity to vote via instaPoll at the AGM.

Resolutions Passed:

1. Adoption of Financial Statements: Approval of standalone and consolidated financial statements for the year ended 31st March 2024.
2. Declaration of Dividend: Approval of a dividend of Re. 1 per equity share.
3. Director Retirement: Acknowledgement of Madhur Bajaj’s retirement and resolution not to fill the vacancy.
4. Cost Auditor’s Remuneration: Ratification of remuneration for Dhananjay V Joshi & Associates as Cost Auditor for FY2025.

Company Statement: "The Board expresses its sincere appreciation for the contributions of Madhur Bajaj and Shri D J Balaji Rao to the company and the group. We continue to uphold their legacy in our future endeavors," stated Sanjiv Bajaj.

The detailed voting results along with the consolidated Scrutiniser’s Report will be filed with the exchanges and made available on the company's website within two working days.

For further information, contact:

• Corporate Office: 6th Floor, Bajaj Finserv Corporate Office, Off Pune - Ahmednagar Road, Viman Nagar, Pune - 411 014, Maharashtra, India.
• Phone: +91 20 7150 5700
• Email: investors@bajajfinserv.in

About Bajaj Finserv Limited: Bajaj Finserv Limited is one of India’s leading financial services companies offering a range of financial products and services. The company is committed to innovation and excellence in the financial sector.