BAJAJ FINANCE LIMITED

Shareholders of Bajaj Finance Limited

Categories of shareholding as disclosed in the company’s General Shareholder Information for the year ended 31 March 2026: promoter and promoter group 54.70%; foreign institutional investors and foreign portfolio investors 21.33%; mutual funds 8.76%; corporates 7.32%; resident and non-resident individuals 7.46%; others 0.43%.

The audited standalone financial statements for FY2026 disclose the promoter and promoter group holdings as at 31 March 2026 as follows. Promoter: Bajaj Finserv Limited, 3,193,661,300 equity shares of INR 1, being 51.32% (51.39% at 31 March 2025, before the sub-division and bonus issue). Promoter group: Maharashtra Scooters Limited 190,261,600 shares, 3.06%; Sanjivnayan Bajaj 4,676,880 shares, 0.08%; Bajaj Sevashram Private Limited 3,085,000 shares, 0.05%; Bajaj Life Insurance Limited 2,470,000 shares, 0.04%; Sanjali Bajaj and Siddhantnayan Bajaj 1,553,540 and 1,553,040 shares respectively, 0.02% each; Jamnalal Sons Private Limited 1,276,400 shares, 0.02%; Baroda Industries Private Limited 1,176,000 shares, 0.02%; Bajaj General Insurance Limited 921,000 shares, 0.01%; Bachhraj Factories Private Limited 720,000 shares, 0.01%; Shefali Bajaj 631,040 shares, 0.01%; together with a number of Bajaj family members and family trusts each holding 0.01% or less.

No pledge or other encumbrance over promoter or promoter group shares is disclosed in the FY2026 annual report or the audited financial statements used for this page. The quarterly shareholding pattern filed under regulation 31 of the SEBI Listing Regulations, which carries the encumbrance column and the individual public holders above 1%, could not be retrieved from BSE, NSE or the company’s investor pages at the time of writing, so no holder-level public shareholding is stated here.

Ultimate beneficial ownership

Control runs through Bajaj Finserv Limited (CIN L65923PN2007PLC130075), which the company’s Management Discussion and Analysis names as its holding company and which held 51.32% at 31 March 2026. Above Bajaj Finserv sits the wider Bajaj promoter structure. The promoter group list filed by Bajaj Finance itself names Maharashtra Scooters Limited, Jamnalal Sons Private Limited, Bachhraj Factories Private Limited, Baroda Industries Private Limited, Bajaj Sevashram Private Limited and members of the Bajaj family and their family trusts. Bajaj Holdings & Investment Limited is identified in the corporate governance report in connection with group directorships, and Maharashtra Scooters Limited is recorded in the financial statements as an associate of Bajaj Holdings and Investments Limited; the precise shareholdings in Bajaj Finserv Limited were not verified from Bajaj Finserv’s own filings for this page and are therefore not stated.

No natural person is disclosed as holding 25% or more of Bajaj Finance Limited directly. The largest individual promoter-group holding recorded at 31 March 2026 is 0.08%. Any ultimate beneficial ownership therefore arises indirectly through the chain above Bajaj Finserv Limited and would need to be established from that company’s own shareholding filings.

Data availability

The register record behind this page attributed the company almost entirely to passive foreign funds — ten rows led by Vanguard Emerging Markets Stock Index at 16.31%, iShares Core MSCI Emerging Markets ETF at 12.18% and Fidelity Series Emerging Markets Opportunities at 10.34%, with share quantities in the millions against an issued capital of 6,222,481,865 shares. Those rows are not consistent with the company’s own filings and were not used. The figures above are taken from the company’s audited standalone financial statements and General Shareholder Information for FY2026. Percentages reflect the position at 31 March 2026 and predate the record date of 30 June 2026 for the FY2026 final dividend.

Directors and officers of Bajaj Finance Limited

Board of directors as recorded in the Report on Corporate Governance and corporate information for FY2026 (year ended 31 March 2026), with Director Identification Numbers as published:

• Sanjiv Bajaj (DIN 00014615) — Chairman, Non-Executive Director
• Rajeev Jain (DIN 01550158) — Vice Chairman and Managing Director (executive director)
• Rajiv Bajaj (DIN 00018262) — Non-Executive Director
• Anami N Roy (DIN 01361110) — Independent Director; chairman of the Audit Committee
• Dr. Naushad Forbes (DIN 00630825) — Independent Director; chairman of the CSR Committee
• Pramit Jhaveri (DIN 00186137) — Independent Director
• Radhika Haribhakti (DIN 02409519) — Independent Director
• Dr. Arindam Bhattacharya (DIN 01570746) — Independent Director
• Tarun Bajaj (DIN 02026219) — Independent Director
• Ajay Kumar Choudhary (DIN 09498080) — Independent Director

Key managerial personnel under section 203 of the Companies Act, 2013: Rajeev Jain as Vice Chairman and Managing Director, Sandeep Jain as Chief Financial Officer and R Vijay as Company Secretary. The joint statutory auditors for FY2026 were Price Waterhouse LLP and Kirtane & Pandit LLP; the secretarial auditor was M/s. Makarand M. Joshi & Co.

Nationality is not recorded for any of the above in the filings used and is therefore not disclosed.

Recent officer changes

• 1 April 2025 — Anup Saha (DIN 07640220) elevated to Managing Director for the remainder of his tenure to 31 March 2028; Rajeev Jain elevated to Executive Vice Chairman as an executive director for three years from 1 April 2025 to 31 March 2028.
• 21 July 2025 — Anup Saha resigned as Managing Director and director with effect from the close of business, ceasing to be a key managerial person; Rajeev Jain was subsequently re-designated Vice Chairman and Managing Director for the remainder of his term.
• 30 July 2026 — Rajiv Bajaj, being the director longest in office among those liable to retire by rotation, retires at the 39th Annual General Meeting and has stated that he does not seek re-appointment; it is proposed that Sanjiv Bajaj instead become liable to retire by rotation.

Data availability

The record behind this page carried nineteen rows of management rather than the board — among them a company secretary, a chief information security officer, a president of rural lending and a chief technology officer — and described Rajeev Jain as Managing Director and Executive Vice Chairman without any of the independent directors. The board and the section 203 key managerial personnel above are taken from the company’s FY2026 Report on Corporate Governance and annual report corporate information. Board committee memberships in those sources are stated as effective 1 May 2026. The record also carried a year of birth; dates and years of birth are not published here.

Group structure of Bajaj Finance Limited

Bajaj Finance Limited is a subsidiary of Bajaj Finserv Limited. The Directors’ Report for FY2026 states that the company had two subsidiaries and two associates as at 31 March 2026, with the salient features of each set out in Form AOC-1 attached to the consolidated financial statements; no new subsidiary or associate was incorporated or acquired during FY2026 and the company has no joint venture.

Bajaj Housing Finance Limited is consolidated by Bajaj Finance Limited and is separately quoted: its equity shares have been listed and admitted to dealings on the National Stock Exchange of India Limited and BSE Limited with effect from 16 September 2024. It is registered with the National Housing Bank as a housing finance company under Registration No. 09.0127.15 and is itself classified in the Upper Layer under the RBI directions. On 2 December 2025 Bajaj Finance sold 166,600,000 equity shares of Bajaj Housing Finance through a bulk deal on the open market at an average price of INR 95.31 per share, realising a gain of INR 1,416 crore net of selling expenses, as a step towards the minimum public shareholding requirement; its holding fell from 88.75% to 86.70%.

Bajaj Life Insurance Limited and Bajaj General Insurance Limited are fellow subsidiaries of Bajaj Finserv Limited, not holdings of Bajaj Finance Limited. Both were renamed following the restructuring of their foreign joint-venture shareholding: the FY2026 audited financial statements of Bajaj Finance record them as “Bajaj Life Insurance Limited (formerly known as Bajaj Allianz Life Insurance Company Limited)” and “Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited)”, and the insurers’ own corporate websites use the same wording, Bajaj Life Insurance adding that the organisation is transitioning to being wholly owned by the Bajaj group. Bajaj Life Insurance Limited and Bajaj General Insurance Limited are themselves recorded in the promoter group of Bajaj Finance, holding 0.04% and 0.01% respectively at 31 March 2026.

Data availability

Percentages for the subsidiaries, associates and strategic investments are from the FY2026 Directors’ Report and Management Discussion and Analysis; the percentages for the fellow subsidiaries of Bajaj Finserv Limited are from that company’s Directors’ Report for FY2025 and carry that earlier information date. Corporate identity numbers are stated only where taken from a primary filing; the others were not verified and are marked accordingly rather than guessed. The chain above Bajaj Finserv Limited is described in the shareholders section and could not be quantified from Bajaj Finance’s own filings.

Two values on the underlying record are wrong and were not used. The stored identifier 27AABCB1518L4ZP is a Goods and Services Tax Identification Number, not a Corporate Identity Number; the CIN recorded with the Ministry of Corporate Affairs and used throughout this page is L65910MH1987PLC042961, and the same GSTIN-for-CIN substitution runs through the related group records. The stored website http://bajajfinanceloan.in/ is a marketing domain; the company’s investor disclosures are published at www.bajajfinserv.in and www.aboutbajajfinserv.com, and its registered investor email is investor.service@bajajfinserv.in.