Disclosure of transactions with related parties

42 Disclosure of transactions with related parties as required by the Indian Accounting Standard 24

(₹ In Crore)

Name of related party

Nature of transaction

2025–26

2024–25

Transaction value

Outstanding amounts carried in the Balance Sheet

Transaction value

Outstanding amounts carried in the Balance Sheet

A.

Subsidiaries (Erstwhile associates):

KTM AG

Sale of vehicles and material

32.76

–

102.22

(91.15)

Services rendered and other debits

–

9.46

–

Purchases (including purchase of accessories and other capital items), merchant purchase & other credits

1.06

–

1.76

–

Loan advanced (subsequently reliased post acquisition)

4,601.98

–

Interest on Loan

305.81

–

KTM Sportmotorcycle GmbH

Sale of vehicles and material

892.26

–

452.60

59.37

Royalty paid and payable

- Billed

22.64

–

24.43

–

- Unbilled

–

11.10

(11.10)

Services rendered and other debits

14.09

–

0.24

–

Purchases (including purchase of accessories and other capital items), merchant purchase & other credits

1.23

–

2.83

–

KTM Forschungs & Entwicklungs Gmbh

Sale of vehicles and material

0.04

–

2.13

0.11

KTM Australia PTY

Sale of vehicles and material

0.14

–

Husqvarna Motorcycles GmbH

Sale of vehicles and material

11.31

–

89.43

(0.20)

- Billed

0.08

–

0.47

–

- Unbilled

–

0.05

(0.05)

Purchase of accessories & other credits

–

0.02

–

KTM North America

Sale of vehicles and material

60.96

–

KTM Sportmotorcycle India Pvt. Ltd.

Royalty paid and payable

- Billed

5.68

–

6.23

–

- Unbilled

–

2.79

(2.79)

Services rendered and other debits

- Billed

5.56

–

4.98

(0.42)

- Unbilled

–

1.65

Purchases (including purchase of accessories and other capital items), merchant purchase & other credits

0.02

–

Bajaj Auto International Holdings AG (BAIHAG earlier known as Pierer Bajaj AG)

Loan advanced to Bajaj Auto International Holdings AG (BAIHAG earlier known as Pierer Bajaj AG)

–

455.59

460.45

Loan repayment from Bajaj Auto International Holdings AG (BAIHAG earlier known as Pierer Bajaj AG)

–

(36.37)

36.84

Contribution to Capital

520.14

–

1,767.63

Interest on Loan

224.77

–

7.92

5.10

Convertible Bond

2,512.69

–

460.45

* Transaction mentioned above with BAIHAG Group are till the date of acquisition (18 November 2025). post which, the BAIHAG group became subsidiary and hence no subsequent transactions have been shown in related party disclosures. See note 46.

B.

Associates, joint ventures and investing parties:

Bajaj Holdings & Investment Ltd.

Investment in shares by BHIL [95,547,251 shares of ₹ 10 each]

–

(95.55)

–

(95.55)

(Investing party – holds 34.21% shares of Bajaj Auto Ltd.)

Purchase of shares by BAL [3,500,000 shares of ₹ 10 each]

–

1,111.49

–

1,111.49

Buyback of shares

–

Dividend paid

2,006.49

–

764.38

–

Dividend received

32.55

–

30.10

–

Business support service received

30.74

–

33.54

–

Business support service rendered

2.67

–

1.28

–

C.

Key management personnel and their relatives:

Rajiv Bajaj

Short-term employee benefits (including Commission)

55.14

(35.21)

54.85

(35.21)

(Managing Director)

Post-employment benefits

3.73

–

3.73

–

Rent paid for premises

3.40

–

3.24

–

Deposit paid against premises taken on lease

–

1.92

–

1.92

Pradeep Shrivastava (Executive Director)

Short-term employee benefits

20.03

–

27.34

–

Post-employment benefits

1.07

–

0.99

–

Equity shares issued pursuant to stock option scheme

4.29

–

10.53

–

Fair value of stock options granted

2.88

–

2.62

–

Rakesh Sharma (Executive Director)

Short-term employee benefits

14.35

–

15.94

–

Post-employment benefits

0.95

–

0.87

–

Equity shares issued pursuant to stock option scheme

–

1.20

–

Fair value of stock options granted

2.88

–

2.62

–

Sanjiv Bajaj

Sitting fees

0.06

–

0.08

–

Commission

0.19

(0.19)

0.25

(0.25)

Niraj Bajaj (Chairman)

Sitting Fees

0.11

–

0.13

–

Commission

0.35

(0.35)

0.41

(0.41)

Rishabnayan Bajaj

Remuneration including perquisites

0.57

–

0.44

–

D.

Other entities/persons: (Employee benefit plans, independent directors, and entities where persons under Ind AS 24 para 9(a) hold significant influence, control, joint control, or acts as KMP )

Bajaj Finserv Ltd.

Business support service rendered

0.04

–

0.11

–

Bajaj Finance Ltd.

Investment in shares by BFL (150 shares of ₹ 10 each) – ₹ 1,500

–

Service rendered

31.69

(0.08)

30.30

(0.06)

Service received

7.26

0.03

1.74

(0.34)

Security deposit received

–

(0.21)

–

(0.21)

Investment in fixed deposit

1,041.80

223.50

503.50

(Redemption) of fixed deposit

(503.50)

–

(220.00)

–

Investment in/(redemption of) Secured Non Convertible Debentures

–

Interest income/(reversal) on fixed deposit

49.00

30.21

37.82

22.95

Interest income/(reversal) on Secured Non Convertible Debentures

–

Dividend paid

–

Bajaj General Insurance Co. Ltd. (earlier known as Bajaj Allianz General Insurance Co. Ltd.)

Insurance premiums paid

30.02

7.59

29.10

15.72

Claims received/receivable

2.98

–

0.26

–

Services Rendered

–

Bajaj Life Insurance Co. Ltd. (earlier known as Bajaj Allianz Life Insurance Co. Ltd.)

Investment in shares by BALIC (125,000 shares of ₹ 10 each)

–

(0.13)

–

(0.13)

Insurance premiums paid/(refunded)

2.72

0.16

1.52

0.70

Services Rendered

4.67

–

Dividend paid

2.63

–

1.00

–

Bajaj Housing Finance Ltd.

Services rendered

3.04

–

2.38

–

Security deposit received

–

(0.03)

–

(0.03)

Bajaj Electricals Ltd.

Purchases (including services received)

–

(0.11)

–

(0.11)

Hind Musafir Agency Ltd.

Services received

0.04

–

13.11

(0.02)

Hindustan Housing Co. Ltd.

Maintenance charges paid

0.26

–

0.23

0.03

Maharashtra Scooters Ltd.

Investment in shares by MSL (6,927,794 shares of ₹ 10 each)

–

(6.93)

–

(6.88)

Dividend paid

144.47

–

55.03

–

Buyback of shares

–

Purchases

–

0.18

–

Sales (including capital asset)

–

Services rendered

0.01

–

0.03

–

Rishabh Family Trust

Rent paid for premises

1.14

–

0.36

(0.32)

Security deposit paid

0.25

(0.25)

–

Bajaj Auto Holdings Ltd.

Business Support Services Rendered

0.01

–

Forbes Marshall (Hyd) Private Limited

Purchases

–

Forbes Marshall Pvt Ltd

Purchases

–

0.06

–

Bajaj Auto Employees Group Gratuity Fund

Gratuity contribution

14.32

–

3.70

–

Bajaj Auto Senior Staff Group Gratuity Fund

Gratuity contribution

6.00

–

1.00

–

Bajaj Auto Employees Superannuation Fund

Superannuation contribution

8.33

–

8.37

–

Bajaj Auto Limited Provident Fund

Provident fund contribution (Employer's share)

47.98

(3.29)

45.85

(1.15)

Kiska GmbH

Services received

–

1.90

–

Naushad D Forbes

Sitting fees

0.18

–

0.18

–

Commission

0.57

(0.57)

0.57

(0.57)

Anami N. Roy

Sitting fees

0.15

–

0.16

(0.01)

Commission

0.47

(0.47)

0.50

(0.50)

Pradip Shah

Sitting fees

0.16

–

0.17

(0.01)

Commission

0.50

(0.50)

0.54

(0.54)

Vinita Bali

Sitting fees

0.15

–

0.11

–

Commission

0.47

(0.47)

0.35

(0.35)

Abhinav Bindra

Sitting fees

0.13

–

0.15

–

Commission

0.41

(0.41)

0.47

(0.47)

Sangita Reddy

Sitting fees

0.05

–

0.04

–

Commission

0.16

(0.16)

0.13

(0.13)

Indian School of Business

Services received

0.11

–