b.

Amounts less than ₹ 50,000 have been shown at actual against respective line items statutorily required to be disclosed.

c.

The Group does not have any Benami property, where any proceeding has been initiated or pending against the Group for holding any Benami property.

d.

Companies incorporated in India forming part of the Group has performed the assessment to identify transactions with struck off companies as at 31 March 2026 and 31 March 2025 and identified no company with any transactions.

e.

The Group has not traded or invested in crypto currency or virtual currency during the financial year.

f.

The Group has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under the Companies Act,2013), either severally or jointly with any other person other than disclosed in note 6.

g.

No funds have been advanced or loaned or invested either from borrowed funds or share premium or any other sources or kind of funds by the Company to or in any other person or entity, including foreign entities (‘Intermediaries’), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (‘Ultimate Beneficiaries’) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries except as stated below. The Company has complied with the relevant provisions of the Foreign Exchange Management Act, 1999 and the Companies Act,2013 for the said transactions, and these transactions are not violative of the Prevention of Money-Laundering Act,2002.

For the year ended 31 March 2026

The Company on 03 April 2025 has advanced loan of ₹ 324 crore (Euro 35 million) and on 16 May 2025 invested ₹ 1,202 crore (Euro 125 million) in equity shares of Bajaj Auto International Holding B.V. (Netherlands) (‘BAIHBV’), a wholly owned subsidiary.

Of this (including Euro 15 million out of previous year balance), BAIHBV further invested in convertible bonds amounting to ₹ 467 crore (Euro 50 million) on 03 April 2025 and ₹ 1,209 crore (Euro 125 million) on 22 May 2025 in its subsidiary Bajaj Auto International Holding AG (‘BAIH AG’).

BAIH AG, in turn, invested in its subsidiary, Bajaj Mobility AG, Austria, which ultimately deployed the funds into KTM AG, Austria (a subsidiary of Bajaj Mobility AG), to facilitate the funding requirements of KTM AG towards the phased resumption of production and its operating costs. The said transactions has been executed within the framework defined by the Administrator in Austria.

For the year ended 31 March 2025

The Company on 24 February 2025 has advanced loan of ₹ 1,043 crore (Euro 115 million) (excluding impact of forex mark-to-market (MTM) changes) to Bajaj Auto International Holding B.V. (Netherlands) (‘BAIHBV’), a wholly owned subsidiary. Of this, BAIHBV further granted a loan amounting of ₹ 456 crore (Euro 50 million) on 24 February 2025 and invested in convertible bonds amounting to ₹ 460 crore (Euro 50 million) on 31 March 2025 ultimately into KTM AG, Austria (subsidiary of Bajaj Mobility AG, Austria) through its associate Bajaj Auto International Holdings AG – to Bajaj Mobility AG, Austria (subsidiary of Bajaj Auto International Holdings AG, Austria) to facilitate the funding needs of KTM AG, Austria towards the phased resumption of production at KTM AG and its operating costs. The said transactions has been executed within the framework defined by the Administrator in Austria.

h.

No funds have been received by the Group from any person or entity, including foreign entities (‘Funding Parties’), with the understanding, whether recorded in writing or otherwise, that the Group shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (‘Ultimate Beneficiaries’) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

i.

The Group has not been declared wilful defaulter by any bank or financial institution or Government or any Government authority.

j.

The Group has not been sanctioned working capital limits from banks or financial institutions during any point of time of the year on the basis of security of current assets.

k.

The Group does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

l.

31 March 2026

The holding company and its subsidiaries incorporated in India have used accounting software SAP-S4 HANA for maintaining its books of account which have a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, audit trail feature have not been tampered with in respect of accounting software where the audit trail has been enabled. Additionally, the holding company and its subsidiaries incorporated in India have recorded and preserved audit trail in full compliance with the requirements of section 128(5) of the Companies Act,2013. Further, in respect of the FY 2024-25, the Company and its subsidiaries incorporated in India have preserved the requirements of recording audit trail to the extent it was enabled and recorded in prior year.

31 March 2025

The holding company and its subsidiaries incorporated in India have used accounting software SAP-S4 HANA for maintaining its books of account which have a feature of recording audit trail (edit log) facility and the same have operated throughout the year for all relevant transactions recorded in the software. Further, audit trail feature have not been tampered with in respect of accounting software where the audit trail have been enabled. Additionally, the holding company and its subsidiaries have recorded and preserved audit trail in full compliance with the requirements of section 128(5) of the Companies Act,2013.

Further, in respect of the FY 2023-24, the holding company and its subsidiaries have preserved the requirements of recording audit trail to the extent it was enabled and recorded in respect of those years.

For one of its subsidiary, in respect of non-integrated LMS accounting software, where the audit log is maintained for access made to database by the DB users, audit trail have been enabled at the database level via Privileged Access Management tool for effective governance and oversight of access activities that was active for a part of the year and continued to be effective as on 31 March 2025. These DB users are not allowed to carry out any authorised direct changes/edits to financial transactions in the LMS-DB, which if carried out is ill-legal. The Company has established and maintained an adequate internal control framework and based on its assessment, believes that this was effective as of 31 March 2025.

m.

31 March 2025: The holding company holds investment in Bajaj Holdings & Investment Limited (listed entity) and Yulu Bikes Private Limited. Changes in fair value in respect of these investments is accounted for in other comprehensive income. In compliance with Ind AS 12, the holding company was making accounting provisions for Deferred Tax as per applicable law on changes in fair value on this investment.

For the listed entity, the Finance (No. 2) Act,2024 changed the tax rate with respect to long-term capital gains from 10% plus surcharge and cess to 12.5% plus surcharge and cess.

Further, for the unlisted entity, the said Act withdrew the indexation benefit on long-term capital gains and the tax rate was changed from 20% plus surcharge and cess (with indexation) to 12.5% plus surcharge and cess (without indexation). Due to the aforesaid changes, the accounting provision for Deferred Tax created on changes in fair value has been consequently increased by ₹ 75.80 crore while computing the other comprehensive income for the year ended 31 March 2025.

It is to be noted that only a provision is being made in the books of accounts at this point of time to record the Deferred Tax, in line with the applicable accounting standards and the recently enacted tax change. The actual payment of tax would be made at the time of sale/transfer of these investments. The cash outflow towards tax could be different at the time of sale/transfer depending on the actual gain and prevailing tax regulations.

n.

The Ministry of Environment, Forest and Climate Change (MoEFCC) issued the Environment Protection (End-of-Life Vehicles) Rules,2025 (ELV rules), effective from 1 April 2025. In accordance with ELV rules, Extended Producer Responsibility (EPR) obligations are imposed on producers (including ‘vehicle manufacturers’) for the scrapping of End-of-Life Vehicles. As the pricing mechanism for EPR certificates has not yet been notified by MoEFCC, amongst other things, the Company is currently unable to reliably estimate its obligation and believes that it will be able to estimate the same once all the measurement framework for determining the reliable estimate is established.

o.

Companies incorporated in India forming part of the Group does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

p.

Figures for previous year/period have been regrouped wherever necessary.