b. Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of ₹ 10 per share. Each holder of equity shares is entitled to one vote per share. The interim dividend declared by the Board of Directors; and the final dividend proposed by the Board of Directors and approved by the shareholders in the annual general meeting is paid in Indian rupees. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

* Shri Rahulkumar Bajaj, one of the promoters of Bajaj Auto Ltd. expired on 12 February 2022. Shares held by Late Shri Rahulkumar Bajaj in individual capacity, and previously shown as part of holdings of promoters, are in the process of transmission. As per regulation 31A (6) of SEBI LODR Regulations, Late Shri Rahulkumar Bajaj automatically ceases to be a promoter and his holdings would hereafter be shown under ‘Promoter Group – (Estate of Rahulkumar Bajaj)’ category until his shares are transmitted to the respective legal heirs, who would all be Promoters/Promoter Group.

** Shri Rajiv Rahulkumar Bajaj and Shri Sanjiv Rahulkumar Bajaj, sons of Late Shri Rahulkumar Bajaj have now succeeded as Promoters and their holdings which earlier were shown under ‘Promoter Group’ category have got transferred to ‘Promoter’ Category.