Note_13

13 Equity share capital

( In Crore)

Particulars

As at 31 March

2026

2025

      

     

     

Authorised 300,000,000 equity shares of ₹ 10 each (31 March 2025: 300,000,000 equity shares of ₹ 10 each)

300.00

300.00

Issued, subscribed and fully paid-up shares 279,497,838 equity shares of ₹ 10 each (31 March 2025: 279,257,608 equity shares of ₹ 10 each)

279.50

279.26

     

279.50

279.26

     

a. Reconciliation of the shares outstanding at the beginning and at the end of the year

     

Particulars

As at 31 March 2026

As at 31 March 2026

Nos.

J In Crore

Nos.

J In Crore

      

     

     

     

     

Equity shares

     

     

     

     

At the beginning of the year

279,257,608

279.26

279,179,756

279.18

Issued during the year*

240,230

0.24

77,852

0.08

Bought back during the year**

Outstanding at the end of the year

279,497,838

279.50

279,257,608

279.26

     

* Issued to ESOP trust by the Company for ESOP.

** Pursuant to the provisions of the Companies Act, 2013 (‘Act’) and the rules made thereunder, as amended, applicable provisions of Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended (‘Buyback Regulations’) and other applicable laws, the Board of Directors of the Company, at its meeting held on 06 May 2026, recommended buy-back of up to 4,694,000 fully paid-up equity shares of the Company having face value of ₹ 10/- (Indian Rupees Ten only) each (‘Equity Shares’) (representing up to 1.68% of the total number of Equity Shares in the paid-up equity share capital of the Company), at a price of ₹ 12,000 (Indian Rupees Twelve thousand only) per equity share payable in cash for an aggregate amount of up to ₹ 5,633 crore/- (Indian Rupees Five thousand six hundred and thirty three crore only) (excluding transaction costs such as brokerage cost, fees, turnover charges, expenses incurred or to be incurred for the buyback like filing fees payable to the Securities and Exchange Board of India, advisors/legal fees, public announcement publication expenses, printing and dispatch expenses, applicable taxes such as securities transaction tax, good and service tax, stamp duty, etc. and other incidental and related expenses, etc.) on a proportionate basis through the ‘Tender Offer’ route as prescribed under the Buyback Regulations and other applicable law, from the equity shareholders/ beneficial owners of the equity shares of the company as on the record date, subject to approval of shareholders.

     

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.

     

c. Details of shareholders holding more than 5% shares in the Company

     

Particulars

As at 31 March 2026

As at 31 March 2025

Nos.

% Holding

Nos.

% Holding

   

     

     

     

     

Equity shares of 10 each fully paid

     

     

     

     

Bajaj Holdings & Investment Ltd.

95,547,251

34.19%

95,547,251

34.21%

Jamnalal Sons Pvt. Ltd.

25,960,841

9.29%

25,960,841

9.30%

    

d. Shareholding of promoters

Promoter name

No. of shares

% of total shares

% change during the year

   

     

     

     

For FY2025-26

     

     

     

Shekhar Bajaj

6,020

0.00%

0.00%

Madhur Bajaj

0.00%

(0.07%)

Niraj Bajaj

42,103

0.02%

0.00%

Rajiv Bajaj

7,45,001

0.27%

0.00%

Sanjiv Bajaj

2,00,000

0.07%

(0.04%)

Bajaj Holdings & Investment Limited

95,547,251

34.19%

(0.03%)

     

Promoter name

No. of shares

% of total shares

% change during the year*

   

     

     

     

For FY2024-25

     

     

     

Shekhar Bajaj

6,020

0.00%

0.00%

Madhur Bajaj

1,97,561

0.07%

0.00%

Niraj Bajaj

42,103

0.02%

0.00%

Rajiv Bajaj

745,001

0.27%

0.00%

Sanjiv Bajaj

323,233

0.12%

0.00%

Bajaj Holdings & Investment Ltd.

95,547,251

34.21%

(0.01%)

* There is no change in number of shares held however percentage of shareholding by the promoters is changed pursuant to increase on account of issue of 77,852 equity shares of the Company made during the year for ESOP.