14th Annual General Meeting (AGM)

MCA vide its circulars dated 8 April 2020, 13 April 2020, 5 May 2020 and 13 January 2021 read with SEBI circulars dated 12 May 2020 and 15 January 2021 has provided an option for Companies to conduct AGM through ‘VC or OAVM’ and send financial statements (including Board’s Report, Auditors Report and other documents to be attached therewith) through email.

Accordingly, as in the previous year, the annual report of the Company for the year 2020-21 along with the notice of AGM are being sent by email to the members and all other persons/entities entitled to receive the same and the 14th AGM will be convened through VC or OAVM. The Company has also made arrangements for those shareholders who have not yet registered their email address to get the same registered by following the procedure prescribed in the notice of AGM.

Financial calendar

Share transfer agent

The Company appointed Karvy Computershare Pvt. Ltd., as its registrar and share transfer agent. Accordingly, processing of share transfer / dematerialisation/rematerialisation and allied activities were outsourced to it with effect from 10 July 2008.

All operations of Karvy Computershare Pvt. Ltd. were transferred to Karvy Fintech Pvt. Ltd. with effect from 17 November 2018. Further, the name of Karvy Fintech Pvt. Ltd. was changed to KFin Technologies Pvt. Ltd. (KFin) with effect from 5 December 2019. All share registry services are now handled by KFin.

All physical transfers (to the extent permitted), transmission, transposition, issue of duplicate share certificate(s), issue of demand drafts in lieu of dividend warrants, etc. as well as requests for dematerialisation / rematerialisation are being processed in periodical cycles at KFin. Work related to dematerialisation / rematerialisation is handled by KFin through connectivity with National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL).

Dates of book closure

The register of members and share transfer books of the Company will remain closed from Saturday, 10 July 2021 to Thursday, 22 July 2021 (both days inclusive) for the purpose of payment of dividend.

Dividend and date of dividend payment

The Board of directors has proposed a dividend of ₹ 140 per equity share (1400%) of the face value of ₹ 10 for the financial year 2020-21, subject to approval of members at the ensuing AGM as against ₹ 120 per equity share (1200%) for the previous year.

Dividend on equity shares, if declared, at the AGM, will be credited / dispatched between Monday, 26 July 2021 and/or Tuesday, 27 July 2021, as under:

  1. to all those shareholders holding shares in physical form, as per the details provided to the Company by the share transfer agent of the Company i.e. KFin, as of closing hours on Friday, 9 July 2021; and
  2. to all those beneficial owners holding shares in electronic form as per beneficial ownership details provided to the Company by NSDL and CDSL, as of the closing hours of the day on Friday, 9 July 2021

Payment of dividend

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations, 2015) read with SEBI circular dated 20 April 2018, require companies to use any electronic mode of payment approved by the Reserve Bank of India for making payment to shareholders. Accordingly, the dividend, if declared, will be paid through electronic mode, where the bank account details of members are available. Where dividend payments are made through electronic mode, intimation regarding such remittance will be sent separately to the shareholders.

In cases where the dividend cannot be paid through electronic mode, it will be paid by account payee non-negotiable instruments/warrants with bank account details printed thereon. In case of non-availability of bank account details, address of the members will be printed on such payment instruments.

Pursuant to the circular mentioned above, the Company has written to shareholders holding shares in physical form requesting them to furnish details regarding their PAN and also their bank details for payment of dividend through electronic mode. Those shareholders who are yet to respond to the Company’s appeal in this regard are again requested to take action on this matter at the earliest.

To enable payment of dividend through electronic mode, members holding shares in physical form are requested to furnish, on or before Friday, 9 July 2021, updated particulars of their bank accounts to KFin along with a photocopy of a cancelled cheque of the bank account and self-attested copy of PAN card.

Beneficial owners holding shares in electronic form are requested to furnish their bank account details to their respective depository participants and ensure that such changes are recorded by them correctly before Friday, 9 July 2021. The request to update particulars of bank account should be signed as per the specimen signature registered with KFin/depository participants, as the case may be.

Tax deducted at source on dividend

As per the amended Income Tax Act, 1961, hereafter there will be no dividend distribution tax payable by the Company. The dividend, if declared, will be taxable in the hands of the shareholders subject to tax deduction at source at the applicable rates. For details, shareholders are requested to refer to the Notice of Annual General Meeting.

Unclaimed dividends

As per section 124(5) of Companies Act, 2013, any money transferred by the Company to the unpaid dividend account and remaining unclaimed for a period of seven years from the date of such transfer shall be transferred to a fund called the Investor Education and Protection Fund (the Fund) set up by the Central Government.

Accordingly, unpaid/unclaimed dividend for the financial years 2007-08 to 2012-13 has been already transferred by the Company to this said Fund from September 2015 onwards.

Unpaid/unclaimed dividend for the financial year 2013-14 shall be due for transfer to the Fund in August 2021. Members are requested to verify their records and send their claim, if any, for the financial year 2013-14, before such amount becomes due for transfer. Communications are being sent to the members, who have not yet claimed dividend for the financial year 2013-14, requesting them to claim the same as well as unpaid dividend, if any, for subsequent years.

As a measure to reduce the unclaimed dividend, efforts are being made on an ongoing basis to reach out to shareholders requesting them to submit necessary documents to enable them to claim their unpaid or unclaimed dividend.

The following are the details of unclaimed dividends which are due to be transferred to the Fund in the coming years including current year. Once again, members who have not claimed the dividends till date are requested to verify their records and send their claim, if any, before the same becomes due for transfer as per the table given below:

The Company has uploaded details of unclaimed dividend on its website at www.bajajauto.com and also on website specified by the Ministry of Corporate Affairs www.iepf.gov.in/IEPF/service

Transfer of shares to IEPF

Pursuant to section 124(6) of Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended (the IEPF Rules), all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the Company to the IEPF, within 30 days of such shares becoming due for transfer.

Accordingly, the Company will send individual letters through ordinary/speed post and email to such shareholders, whose dividend from the year 2013-14 has remained unclaimed, requesting them to claim the amount of unpaid dividend on or before the date on which Company must transfer the related shares to the demat account of IEPF. The Company also publishes, on an annual basis, a notice in the newspapers intimating the members regarding the said transfer. These details are also be made available on the Company’s website www.bajajauto.com

During the year under review, the Company transferred 6,422 (previous year: 109,499) equity shares of the face value of H10 each relating to 22 shareholders (previous year: 68) to the demat Account of the IEPF Authority held with NSDL/CDSL. Details of such shareholders, whose shares are transferred to IEPF and their unpaid dividends for subsequent years are available on the website of the Company at www.bajajauto.com

Shareholders can claim such unpaid dividends and underlying shares transferred to the Fund by following the procedure prescribed in the IEPF Rules. A link to the procedure to claim is available on the Company’s website at www.bajajauto.com

Shareholders are requested to get in touch with the compliance officer for further details on the subject at investors@bajajauto.co.in

Share transfer system

SEBI’s amended regulation 40 of the SEBI Listing Regulations, 2015, prohibits the transfer of securities (except transmission or transposition of shares) in physical form from 1 April 2019. Accordingly, the Company has sent letters to members holding shares in physical form advising them to dematerialise their holdings. During FY2021, no shares were transferred in the physical form except for those for whom the transfer deed was lodged prior to 1 April 2019 and were returned due to deficiencies in the document and thus re-lodged after 1 April 2019.

Further, SEBI through its circular dated 7 September 2020 has fixed 31 March 2021 as the cut-off date for re-lodging of transfer deeds (including request for transfer(s) pending with Company or its share transfer agent as on 7 September 2020). It has also stated that such transferred shares shall be issued only in demat mode. Moreover, SEBI vide its circular dated 2 December 2020 has provided operational guidelines for the transfer and de-materialisation of re-lodged physical shares.

Share transfers received by the share transfer agent/Company are registered within 15 days from the date of receipt, provided the documents are complete in all respects. The total number of shares transferred in the physical category during 2020-21 was 55,436 shares versus 73,029 shares during 2019-20. Such details were placed before the Board on a quarterly basis.

Investor grievances redressal mechanism

SEBI has issued a circular, SEBI/HO/OIAE/IGRD/CIR/P/2020/152 dated 13 August 2020, laying down the mechanism for redressal of investor complaints by companies and stock exchanges effective from 1 September 2020. This outlines the procedure for handling complaints by stock exchanges as well as standard operating procedure for actions to be taken against listed companies for failure to redress investor grievances.

An investor can raise complaints on non-receipt of bonus shares, of dividend, of duplicate share certificate and delays in dematerialisation/rematerialisation etc. Complaints pertaining to deposits and IEPF matters are not governed by this circular.

Dematerialisation/Rematerialisation of shares

During 2020-21, 51,350 shares were dematerialised versus 385,827 shares in 2019-20. No shares were rematerialised during 2020-21 versus 75 shares in 2019-20. Shares held in physical and electronic mode as on 31 March 2021 are in Table 1.

Stock code

Listing on stock exchanges

Shares of the Company are currently listed on the following stock exchanges:

Pursuant to the SEBI Listing Regulations 2015, the Company has entered into a uniform Listing Agreement with BSE and NSE. For FY2021, the listing fees payable to these stock exchanges have been paid in full.

Market price data

Distribution of shareholding

Table 3 gives details about the pattern of shareholding across various categories as on 31 March 2021, while Table 4 gives the data according to size classes.

Shareholders’ and investors’ grievances

The Board of directors of the Company has a stakeholders’ relationship committee to specifically look into and resolve grievances of security-holders on various matters.

Routine queries/complaints received from shareholders are promptly attended to and replied. Queries/complaints received during FY2021 were relating to non-receipt of dividend by warrants as well as through electronic clearing service, non-receipt of annual report and change of address and/or bank particulars. As on 31 March 2021, there was no pending issue to be addressed or resolved.

During the year, letters were received from SEBI/the Registrar of Companies (ROC)/Stock Exchanges/ Investors, concerning eight complaints filed by the shareholders on various matters. For each of these complaints, replies were sent to SEBI/ROC/Stock Exchanges/Investors in the prescribed format; no action remained to be taken on the Company’s side at the year end.

Green initiative

The Company believes in driving environmental initiatives. As a step in this direction, it availed of special services offered by NSDL/CDSL to update email addresses of shareholders holding shares with depository participant registered with these entities and who have not registered their email addresses. This will enable such shareholders to immediately receive various email communication from the Company from time to time including the annual report, dividend credit intimation, half-yearly communication etc. Shareholders who have not updated their email, are requested to do so by sending a request to the Company/KFin or their respective depository participant.

KPRISM: a mobile service application by KFin

Members should note that our registrar and share transfer agent, KFin, has launched a new mobile app KPRISM and a website https://kprism.kfintech.com/ for our investors. Members can download the mobile app and see their portfolios serviced by KFin; check their dividend status; request for annual reports; register change of address; register change in the bank account or update the bank mandate; and download the standard forms. This android mobile application can be downloaded from the Play Store.

Demat suspense account with HDFC Bank for unclaimed shares

In accordance with the provisions contained in clause 5A of the erstwhile Listing Agreement (corresponding to regulation 39(4) of the SEBI Listing Regulations, 2015) as amended by SEBI through its circular dated 16 December 2010, the Company, during 2011-12, had sent three reminders to such shareholders whose shares were lying ‘undelivered/unclaimed’ with the Company; and then followed it by opening of the unclaimed share suspense demat account titled ‘Bajaj Auto Ltd. – Unclaimed Suspense Account’ with the HDFC Bank in April 2012.

After completing the necessary formalities, 44,375 shares held by 148 shareholders were transferred to this suspense account in April 2012. Voting rights on such shares remain frozen till the rightful owner claims these shares.

The Company, acting as a trustee in respect of the unclaimed shares, follows the modalities for the operation of the said account in the manner set out in regulation 39(4) of the SEBI Listing Regulations, 2015.

The summary of this account for FY2021 is as follows:

Nomination

Individual shareholders holding shares singly or jointly in physical form can nominate a person in whose name the shares shall be transferable in the case of death of the registered shareholder(s). The prescribed nomination form (SH-13) will be sent by the share transfer agent of the Company upon such request and is also available on the Company’s website www.bajajauto.com

Nomination facility for shares held in electronic form is also available with depository participant.

Credit Rating

The Company has neither issued any debt instruments nor undertaken any fixed deposit programme or any scheme or proposal involving mobilisation of funds, whether in India or abroad. However, it has obtained on 31 August 2020 ‘AAA/Stable’ rating for long-term and ‘A1+’ rating for short-term bank facilities of the Company from CRISIL. Further, in response to letter dated 19 August 2020 of the Company, CRISIL vide its letter dated 31 August 2020 has withdrawn ‘FAAA/Stable’ rating on the fixed deposits of the Company, since there are no public fixed deposits lying with the Company.

Live webcast of AGM

Pursuant to regulation 44(6) of the SEBI Listing Regulations, 2015, top 100 listed entities shall, with effect from 1 April 2019, provide one-way live webcast of the proceedings of their AGM. Accordingly, as in the previous year, the Company has entered into an arrangement with KFin to facilitate live webcast of the proceedings of the ensuing AGM scheduled on 22 July 2021.

Members who are entitled to participate in the AGM can view the proceedings of AGM by logging on to the e-voting website of KFin at https://emeetings.kfintech.com/using secure login credentials provided for e-voting.

AGM through VC

Pursuant to an MCA circular, the Company will also provide two-way video conferencing or webex facility to members to participate in the 14th AGM. For details, refer the Notice of the AGM, which is on the Company’s website at https://www.bajajauto.com/investors/annual-reports and on the website of the stock exchanges.

Voting through electronic means

Pursuant to section 108 of the Companies Act, 2013 and the Rules made thereunder and provisions under the SEBI Listing Regulations, 2015, every listed company is required to provide its members, the facility to exercise their right to vote at general meetings by electronic means.

The Company has entered into an arrangement with KFin as the authorised agency for this purpose, to facilitate such e-voting for its members.

The shareholders will therefore be able to exercise their voting rights on the items put up in the Notice of AGM, through e-voting. Further, in accordance with the Companies (Management and Administration) Rules, 2014 and MCA circulars, the Company will also provide e-voting facility for members attending the AGM through VC or OAVM.

SEBI has issued a circular SEBI / HO / CFD / CMD / CIR / P / 2020 / 242 dated 9 December 2020 for increase in the participation by the public non-institutional shareholders/retail shareholders in the e-voting process. It has been decided to enable e-voting to all the demat account holders, via a single login credential, through their demat accounts/websites of depositories/ depository participants. Demat account holders will be able to cast their vote without having to register again with the e-voting service providers. This will not only facilitate seamless authentication, but also enhance the ease and convenience of participating in the e-voting process.

Shareholders, who are attending the AGM through VC or OAVM and who have not already cast their votes by remote e-voting shall only be able to exercise their right of voting at the meeting.

The cut-off date, as per the said Rules, shall be 15 July 2021 and the remote e-voting shall be open for a period of three days, from 19 July 2021 (9.00 a.m.) till 21 July 2021 (5.00 p.m.). The Board has appointed Shyamprasad D Limaye, Practising Company Secretary as the scrutiniser for the e-voting process.

The detailed procedure is given in the Notice of the 14th AGM and is also placed on the Company’s website at https://www.bajajauto.com/investors/annual-reports

Outstanding convertible instruments/ADRs/GDRs/ warrants

The Company does not have any outstanding convertible instruments /ADRs / GDRs / warrants as on date of this report.

Plant locations

Bajaj Auto has plants located at the following places:

  1. Mumbai-Pune Road, Akurdi, Pune 411 035 (Maharashtra)
  2. Bajaj Nagar, Waluj, Aurangabad 431 136 (Maharashtra)
  3. MIDC, Plot No. A1, Mahalunge Village, Chakan 410 501 Dist. Pune (Maharashtra)
  4. Plot No. 2, Sector-10, IIE Pantnagar, Udhamsinghnagar 263 531 (Uttarakhand)

Address for correspondence

Investors and shareholders can correspond with the share transfer agent or the registered office of the Company at the following address:

Share transfer agent

KFin Technologies Pvt. Ltd.
(previously known as Karvy Fintech Pvt. Ltd.)
Unit: Bajaj Auto Ltd.
Selenium Tower B, Plot No. 31 and 32,
Financial District, Nanakramguda,
Serilingampally Mandal,
Hyderabad 500 032, Telangana.

Contact persons
Bhaskar Roy
Mohd. Mohsinuddin
Tel. No: (040) 6716 2222
Fax No: (040) 2300 1153
Toll free No: 1800 309 4001
Email: einward.ris@kfintech.com
Website: www.kfintech.com or https://ris.kfintech.com/

Company

Bajaj Auto Ltd.
Mumbai-Pune Road,
Akurdi, Pune 411 035.

Company Secretary and Compliance Officer
Dr. J Sridhar
Tel. No: (020) 6610 6503
Fax No: (020) 2740 7380
Email: investors@bajajauto.co.in
Website: www.bajajauto.com

Shareholders may get in touch with the company secretary for further assistance.

14th Annual General Meeting (AGM)

MCA vide its circulars dated 8 April 2020, 13 April 2020, 5 May 2020 and 13 January 2021 read with SEBI circulars dated 12 May 2020 and 15 January 2021 has provided an option for Companies to conduct AGM through ‘VC or OAVM’ and send financial statements (including Board’s Report, Auditors Report and other documents to be attached therewith) through email.

Accordingly, as in the previous year, the annual report of the Company for the year 2020-21 along with the notice of AGM are being sent by email to the members and all other persons/entities entitled to receive the same and the 14th AGM will be convened through VC or OAVM. The Company has also made arrangements for those shareholders who have not yet registered their email address to get the same registered by following the procedure prescribed in the notice of AGM.

Financial calendar

Share transfer agent

The Company appointed Karvy Computershare Pvt. Ltd., as its registrar and share transfer agent. Accordingly, processing of share transfer / dematerialisation/rematerialisation and allied activities were outsourced to it with effect from 10 July 2008.

All operations of Karvy Computershare Pvt. Ltd. were transferred to Karvy Fintech Pvt. Ltd. with effect from 17 November 2018. Further, the name of Karvy Fintech Pvt. Ltd. was changed to KFin Technologies Pvt. Ltd. (KFin) with effect from 5 December 2019. All share registry services are now handled by KFin.

All physical transfers (to the extent permitted), transmission, transposition, issue of duplicate share certificate(s), issue of demand drafts in lieu of dividend warrants, etc. as well as requests for dematerialisation / rematerialisation are being processed in periodical cycles at KFin. Work related to dematerialisation / rematerialisation is handled by KFin through connectivity with National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL).

Dates of book closure

The register of members and share transfer books of the Company will remain closed from Saturday, 10 July 2021 to Thursday, 22 July 2021 (both days inclusive) for the purpose of payment of dividend.

Dividend and date of dividend payment

The Board of directors has proposed a dividend of ₹ 140 per equity share (1400%) of the face value of ₹ 10 for the financial year 2020-21, subject to approval of members at the ensuing AGM as against ₹ 120 per equity share (1200%) for the previous year.

Dividend on equity shares, if declared, at the AGM, will be credited / dispatched between Monday, 26 July 2021 and/or Tuesday, 27 July 2021, as under:

  1. to all those shareholders holding shares in physical form, as per the details provided to the Company by the share transfer agent of the Company i.e. KFin, as of closing hours on Friday, 9 July 2021; and
  2. to all those beneficial owners holding shares in electronic form as per beneficial ownership details provided to the Company by NSDL and CDSL, as of the closing hours of the day on Friday, 9 July 2021

Payment of dividend

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations, 2015) read with SEBI circular dated 20 April 2018, require companies to use any electronic mode of payment approved by the Reserve Bank of India for making payment to shareholders. Accordingly, the dividend, if declared, will be paid through electronic mode, where the bank account details of members are available. Where dividend payments are made through electronic mode, intimation regarding such remittance will be sent separately to the shareholders.

In cases where the dividend cannot be paid through electronic mode, it will be paid by account payee non-negotiable instruments/warrants with bank account details printed thereon. In case of non-availability of bank account details, address of the members will be printed on such payment instruments.

Pursuant to the circular mentioned above, the Company has written to shareholders holding shares in physical form requesting them to furnish details regarding their PAN and also their bank details for payment of dividend through electronic mode. Those shareholders who are yet to respond to the Company’s appeal in this regard are again requested to take action on this matter at the earliest.

To enable payment of dividend through electronic mode, members holding shares in physical form are requested to furnish, on or before Friday, 9 July 2021, updated particulars of their bank accounts to KFin along with a photocopy of a cancelled cheque of the bank account and self-attested copy of PAN card.

Beneficial owners holding shares in electronic form are requested to furnish their bank account details to their respective depository participants and ensure that such changes are recorded by them correctly before Friday, 9 July 2021. The request to update particulars of bank account should be signed as per the specimen signature registered with KFin/depository participants, as the case may be.

Tax deducted at source on dividend

As per the amended Income Tax Act, 1961, hereafter there will be no dividend distribution tax payable by the Company. The dividend, if declared, will be taxable in the hands of the shareholders subject to tax deduction at source at the applicable rates. For details, shareholders are requested to refer to the Notice of Annual General Meeting.

Unclaimed dividends

As per section 124(5) of Companies Act, 2013, any money transferred by the Company to the unpaid dividend account and remaining unclaimed for a period of seven years from the date of such transfer shall be transferred to a fund called the Investor Education and Protection Fund (the Fund) set up by the Central Government.

Accordingly, unpaid/unclaimed dividend for the financial years 2007-08 to 2012-13 has been already transferred by the Company to this said Fund from September 2015 onwards.

Unpaid/unclaimed dividend for the financial year 2013-14 shall be due for transfer to the Fund in August 2021. Members are requested to verify their records and send their claim, if any, for the financial year 2013-14, before such amount becomes due for transfer. Communications are being sent to the members, who have not yet claimed dividend for the financial year 2013-14, requesting them to claim the same as well as unpaid dividend, if any, for subsequent years.

As a measure to reduce the unclaimed dividend, efforts are being made on an ongoing basis to reach out to shareholders requesting them to submit necessary documents to enable them to claim their unpaid or unclaimed dividend.

The following are the details of unclaimed dividends which are due to be transferred to the Fund in the coming years including current year. Once again, members who have not claimed the dividends till date are requested to verify their records and send their claim, if any, before the same becomes due for transfer as per the table given below:

The Company has uploaded details of unclaimed dividend on its website at www.bajajauto.com and also on website specified by the Ministry of Corporate Affairs www.iepf.gov.in/IEPF/service

Transfer of shares to IEPF

Pursuant to section 124(6) of Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended (the IEPF Rules), all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the Company to the IEPF, within 30 days of such shares becoming due for transfer.

Accordingly, the Company will send individual letters through ordinary/speed post and email to such shareholders, whose dividend from the year 2013-14 has remained unclaimed, requesting them to claim the amount of unpaid dividend on or before the date on which Company must transfer the related shares to the demat account of IEPF. The Company also publishes, on an annual basis, a notice in the newspapers intimating the members regarding the said transfer. These details are also be made available on the Company’s website www.bajajauto.com

During the year under review, the Company transferred 6,422 (previous year: 109,499) equity shares of the face value of H10 each relating to 22 shareholders (previous year: 68) to the demat Account of the IEPF Authority held with NSDL/CDSL. Details of such shareholders, whose shares are transferred to IEPF and their unpaid dividends for subsequent years are available on the website of the Company at www.bajajauto.com

Shareholders can claim such unpaid dividends and underlying shares transferred to the Fund by following the procedure prescribed in the IEPF Rules. A link to the procedure to claim is available on the Company’s website at www.bajajauto.com

Shareholders are requested to get in touch with the compliance officer for further details on the subject at investors@bajajauto.co.in

Share transfer system

SEBI’s amended regulation 40 of the SEBI Listing Regulations, 2015, prohibits the transfer of securities (except transmission or transposition of shares) in physical form from 1 April 2019. Accordingly, the Company has sent letters to members holding shares in physical form advising them to dematerialise their holdings. During FY2021, no shares were transferred in the physical form except for those for whom the transfer deed was lodged prior to 1 April 2019 and were returned due to deficiencies in the document and thus re-lodged after 1 April 2019.

Further, SEBI through its circular dated 7 September 2020 has fixed 31 March 2021 as the cut-off date for re-lodging of transfer deeds (including request for transfer(s) pending with Company or its share transfer agent as on 7 September 2020). It has also stated that such transferred shares shall be issued only in demat mode. Moreover, SEBI vide its circular dated 2 December 2020 has provided operational guidelines for the transfer and de-materialisation of re-lodged physical shares.

Share transfers received by the share transfer agent/Company are registered within 15 days from the date of receipt, provided the documents are complete in all respects. The total number of shares transferred in the physical category during 2020-21 was 55,436 shares versus 73,029 shares during 2019-20. Such details were placed before the Board on a quarterly basis.

Investor grievances redressal mechanism

SEBI has issued a circular, SEBI/HO/OIAE/IGRD/CIR/P/2020/152 dated 13 August 2020, laying down the mechanism for redressal of investor complaints by companies and stock exchanges effective from 1 September 2020. This outlines the procedure for handling complaints by stock exchanges as well as standard operating procedure for actions to be taken against listed companies for failure to redress investor grievances.

An investor can raise complaints on non-receipt of bonus shares, of dividend, of duplicate share certificate and delays in dematerialisation/rematerialisation etc. Complaints pertaining to deposits and IEPF matters are not governed by this circular.

Dematerialisation/Rematerialisation of shares

During 2020-21, 51,350 shares were dematerialised versus 385,827 shares in 2019-20. No shares were rematerialised during 2020-21 versus 75 shares in 2019-20. Shares held in physical and electronic mode as on 31 March 2021 are in Table 1.

Stock code

Listing on stock exchanges

Shares of the Company are currently listed on the following stock exchanges:

Pursuant to the SEBI Listing Regulations 2015, the Company has entered into a uniform Listing Agreement with BSE and NSE. For FY2021, the listing fees payable to these stock exchanges have been paid in full.

Market price data

Distribution of shareholding

Table 3 gives details about the pattern of shareholding across various categories as on 31 March 2021, while Table 4 gives the data according to size classes.

Shareholders’ and investors’ grievances

The Board of directors of the Company has a stakeholders’ relationship committee to specifically look into and resolve grievances of security-holders on various matters.

Routine queries/complaints received from shareholders are promptly attended to and replied. Queries/complaints received during FY2021 were relating to non-receipt of dividend by warrants as well as through electronic clearing service, non-receipt of annual report and change of address and/or bank particulars. As on 31 March 2021, there was no pending issue to be addressed or resolved.

During the year, letters were received from SEBI/the Registrar of Companies (ROC)/Stock Exchanges/ Investors, concerning eight complaints filed by the shareholders on various matters. For each of these complaints, replies were sent to SEBI/ROC/Stock Exchanges/Investors in the prescribed format; no action remained to be taken on the Company’s side at the year end.

Green initiative

The Company believes in driving environmental initiatives. As a step in this direction, it availed of special services offered by NSDL/CDSL to update email addresses of shareholders holding shares with depository participant registered with these entities and who have not registered their email addresses. This will enable such shareholders to immediately receive various email communication from the Company from time to time including the annual report, dividend credit intimation, half-yearly communication etc. Shareholders who have not updated their email, are requested to do so by sending a request to the Company/KFin or their respective depository participant.

KPRISM: a mobile service application by KFin

Members should note that our registrar and share transfer agent, KFin, has launched a new mobile app KPRISM and a website https://kprism.kfintech.com/ for our investors. Members can download the mobile app and see their portfolios serviced by KFin; check their dividend status; request for annual reports; register change of address; register change in the bank account or update the bank mandate; and download the standard forms. This android mobile application can be downloaded from the Play Store.

Demat suspense account with HDFC Bank for unclaimed shares

In accordance with the provisions contained in clause 5A of the erstwhile Listing Agreement (corresponding to regulation 39(4) of the SEBI Listing Regulations, 2015) as amended by SEBI through its circular dated 16 December 2010, the Company, during 2011-12, had sent three reminders to such shareholders whose shares were lying ‘undelivered/unclaimed’ with the Company; and then followed it by opening of the unclaimed share suspense demat account titled ‘Bajaj Auto Ltd. – Unclaimed Suspense Account’ with the HDFC Bank in April 2012.

After completing the necessary formalities, 44,375 shares held by 148 shareholders were transferred to this suspense account in April 2012. Voting rights on such shares remain frozen till the rightful owner claims these shares.

The Company, acting as a trustee in respect of the unclaimed shares, follows the modalities for the operation of the said account in the manner set out in regulation 39(4) of the SEBI Listing Regulations, 2015.

The summary of this account for FY2021 is as follows:

Nomination

Individual shareholders holding shares singly or jointly in physical form can nominate a person in whose name the shares shall be transferable in the case of death of the registered shareholder(s). The prescribed nomination form (SH-13) will be sent by the share transfer agent of the Company upon such request and is also available on the Company’s website www.bajajauto.com

Nomination facility for shares held in electronic form is also available with depository participant.

Credit Rating

The Company has neither issued any debt instruments nor undertaken any fixed deposit programme or any scheme or proposal involving mobilisation of funds, whether in India or abroad. However, it has obtained on 31 August 2020 ‘AAA/Stable’ rating for long-term and ‘A1+’ rating for short-term bank facilities of the Company from CRISIL. Further, in response to letter dated 19 August 2020 of the Company, CRISIL vide its letter dated 31 August 2020 has withdrawn ‘FAAA/Stable’ rating on the fixed deposits of the Company, since there are no public fixed deposits lying with the Company.

Live webcast of AGM

Pursuant to regulation 44(6) of the SEBI Listing Regulations, 2015, top 100 listed entities shall, with effect from 1 April 2019, provide one-way live webcast of the proceedings of their AGM. Accordingly, as in the previous year, the Company has entered into an arrangement with KFin to facilitate live webcast of the proceedings of the ensuing AGM scheduled on 22 July 2021.

Members who are entitled to participate in the AGM can view the proceedings of AGM by logging on to the e-voting website of KFin at https://emeetings.kfintech.com/using secure login credentials provided for e-voting.

AGM through VC

Pursuant to an MCA circular, the Company will also provide two-way video conferencing or webex facility to members to participate in the 14th AGM. For details, refer the Notice of the AGM, which is on the Company’s website at https://www.bajajauto.com/investors/annual-reports and on the website of the stock exchanges.

Voting through electronic means

Pursuant to section 108 of the Companies Act, 2013 and the Rules made thereunder and provisions under the SEBI Listing Regulations, 2015, every listed company is required to provide its members, the facility to exercise their right to vote at general meetings by electronic means.

The Company has entered into an arrangement with KFin as the authorised agency for this purpose, to facilitate such e-voting for its members.

The shareholders will therefore be able to exercise their voting rights on the items put up in the Notice of AGM, through e-voting. Further, in accordance with the Companies (Management and Administration) Rules, 2014 and MCA circulars, the Company will also provide e-voting facility for members attending the AGM through VC or OAVM.

SEBI has issued a circular SEBI / HO / CFD / CMD / CIR / P / 2020 / 242 dated 9 December 2020 for increase in the participation by the public non-institutional shareholders/retail shareholders in the e-voting process. It has been decided to enable e-voting to all the demat account holders, via a single login credential, through their demat accounts/websites of depositories/ depository participants. Demat account holders will be able to cast their vote without having to register again with the e-voting service providers. This will not only facilitate seamless authentication, but also enhance the ease and convenience of participating in the e-voting process.

Shareholders, who are attending the AGM through VC or OAVM and who have not already cast their votes by remote e-voting shall only be able to exercise their right of voting at the meeting.

The cut-off date, as per the said Rules, shall be 15 July 2021 and the remote e-voting shall be open for a period of three days, from 19 July 2021 (9.00 a.m.) till 21 July 2021 (5.00 p.m.). The Board has appointed Shyamprasad D Limaye, Practising Company Secretary as the scrutiniser for the e-voting process.

The detailed procedure is given in the Notice of the 14th AGM and is also placed on the Company’s website at https://www.bajajauto.com/investors/annual-reports

Outstanding convertible instruments/ADRs/GDRs/ warrants

The Company does not have any outstanding convertible instruments /ADRs / GDRs / warrants as on date of this report.

Plant locations

Bajaj Auto has plants located at the following places:

  1. Mumbai-Pune Road, Akurdi, Pune 411 035 (Maharashtra)
  2. Bajaj Nagar, Waluj, Aurangabad 431 136 (Maharashtra)
  3. MIDC, Plot No. A1, Mahalunge Village, Chakan 410 501 Dist. Pune (Maharashtra)
  4. Plot No. 2, Sector-10, IIE Pantnagar, Udhamsinghnagar 263 531 (Uttarakhand)

Address for correspondence

Investors and shareholders can correspond with the share transfer agent or the registered office of the Company at the following address:

Share transfer agent

KFin Technologies Pvt. Ltd.
(previously known as Karvy Fintech Pvt. Ltd.)
Unit: Bajaj Auto Ltd.
Selenium Tower B, Plot No. 31 and 32,
Financial District, Nanakramguda,
Serilingampally Mandal,
Hyderabad 500 032, Telangana.

Contact persons
Bhaskar Roy
Mohd. Mohsinuddin
Tel. No: (040) 6716 2222
Fax No: (040) 2300 1153
Toll free No: 1800 309 4001
Email: einward.ris@kfintech.com
Website: www.kfintech.com or https://ris.kfintech.com/

Company

Bajaj Auto Ltd.
Mumbai-Pune Road,
Akurdi, Pune 411 035.

Company Secretary and Compliance Officer
Dr. J Sridhar
Tel. No: (020) 6610 6503
Fax No: (020) 2740 7380
Email: investors@bajajauto.co.in
Website: www.bajajauto.com

Shareholders may get in touch with the company secretary for further assistance.

14th Annual General Meeting (AGM)

MCA vide its circulars dated 8 April 2020, 13 April 2020, 5 May 2020 and 13 January 2021 read with SEBI circulars dated 12 May 2020 and 15 January 2021 has provided an option for Companies to conduct AGM through ‘VC or OAVM’ and send financial statements (including Board’s Report, Auditors Report and other documents to be attached therewith) through email.

Accordingly, as in the previous year, the annual report of the Company for the year 2020-21 along with the notice of AGM are being sent by email to the members and all other persons/entities entitled to receive the same and the 14th AGM will be convened through VC or OAVM. The Company has also made arrangements for those shareholders who have not yet registered their email address to get the same registered by following the procedure prescribed in the notice of AGM.

Financial calendar

Share transfer agent

The Company appointed Karvy Computershare Pvt. Ltd., as its registrar and share transfer agent. Accordingly, processing of share transfer / dematerialisation/rematerialisation and allied activities were outsourced to it with effect from 10 July 2008.

All operations of Karvy Computershare Pvt. Ltd. were transferred to Karvy Fintech Pvt. Ltd. with effect from 17 November 2018. Further, the name of Karvy Fintech Pvt. Ltd. was changed to KFin Technologies Pvt. Ltd. (KFin) with effect from 5 December 2019. All share registry services are now handled by KFin.

All physical transfers (to the extent permitted), transmission, transposition, issue of duplicate share certificate(s), issue of demand drafts in lieu of dividend warrants, etc. as well as requests for dematerialisation / rematerialisation are being processed in periodical cycles at KFin. Work related to dematerialisation / rematerialisation is handled by KFin through connectivity with National Securities Depository Ltd. (NSDL) and Central Depository Services (India) Ltd. (CDSL).

Dates of book closure

The register of members and share transfer books of the Company will remain closed from Saturday, 10 July 2021 to Thursday, 22 July 2021 (both days inclusive) for the purpose of payment of dividend.

Dividend and date of dividend payment

The Board of directors has proposed a dividend of ₹ 140 per equity share (1400%) of the face value of ₹ 10 for the financial year 2020-21, subject to approval of members at the ensuing AGM as against ₹ 120 per equity share (1200%) for the previous year.

Dividend on equity shares, if declared, at the AGM, will be credited / dispatched between Monday, 26 July 2021 and/or Tuesday, 27 July 2021, as under:

  1. to all those shareholders holding shares in physical form, as per the details provided to the Company by the share transfer agent of the Company i.e. KFin, as of closing hours on Friday, 9 July 2021; and
  2. to all those beneficial owners holding shares in electronic form as per beneficial ownership details provided to the Company by NSDL and CDSL, as of the closing hours of the day on Friday, 9 July 2021

Payment of dividend

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI Listing Regulations, 2015) read with SEBI circular dated 20 April 2018, require companies to use any electronic mode of payment approved by the Reserve Bank of India for making payment to shareholders. Accordingly, the dividend, if declared, will be paid through electronic mode, where the bank account details of members are available. Where dividend payments are made through electronic mode, intimation regarding such remittance will be sent separately to the shareholders.

In cases where the dividend cannot be paid through electronic mode, it will be paid by account payee non-negotiable instruments/warrants with bank account details printed thereon. In case of non-availability of bank account details, address of the members will be printed on such payment instruments.

Pursuant to the circular mentioned above, the Company has written to shareholders holding shares in physical form requesting them to furnish details regarding their PAN and also their bank details for payment of dividend through electronic mode. Those shareholders who are yet to respond to the Company’s appeal in this regard are again requested to take action on this matter at the earliest.

To enable payment of dividend through electronic mode, members holding shares in physical form are requested to furnish, on or before Friday, 9 July 2021, updated particulars of their bank accounts to KFin along with a photocopy of a cancelled cheque of the bank account and self-attested copy of PAN card.

Beneficial owners holding shares in electronic form are requested to furnish their bank account details to their respective depository participants and ensure that such changes are recorded by them correctly before Friday, 9 July 2021. The request to update particulars of bank account should be signed as per the specimen signature registered with KFin/depository participants, as the case may be.

Tax deducted at source on dividend

As per the amended Income Tax Act, 1961, hereafter there will be no dividend distribution tax payable by the Company. The dividend, if declared, will be taxable in the hands of the shareholders subject to tax deduction at source at the applicable rates. For details, shareholders are requested to refer to the Notice of Annual General Meeting.

Unclaimed dividends

As per section 124(5) of Companies Act, 2013, any money transferred by the Company to the unpaid dividend account and remaining unclaimed for a period of seven years from the date of such transfer shall be transferred to a fund called the Investor Education and Protection Fund (the Fund) set up by the Central Government.

Accordingly, unpaid/unclaimed dividend for the financial years 2007-08 to 2012-13 has been already transferred by the Company to this said Fund from September 2015 onwards.

Unpaid/unclaimed dividend for the financial year 2013-14 shall be due for transfer to the Fund in August 2021. Members are requested to verify their records and send their claim, if any, for the financial year 2013-14, before such amount becomes due for transfer. Communications are being sent to the members, who have not yet claimed dividend for the financial year 2013-14, requesting them to claim the same as well as unpaid dividend, if any, for subsequent years.

As a measure to reduce the unclaimed dividend, efforts are being made on an ongoing basis to reach out to shareholders requesting them to submit necessary documents to enable them to claim their unpaid or unclaimed dividend.

The following are the details of unclaimed dividends which are due to be transferred to the Fund in the coming years including current year. Once again, members who have not claimed the dividends till date are requested to verify their records and send their claim, if any, before the same becomes due for transfer as per the table given below:

The Company has uploaded details of unclaimed dividend on its website at www.bajajauto.com and also on website specified by the Ministry of Corporate Affairs www.iepf.gov.in/IEPF/service

Transfer of shares to IEPF

Pursuant to section 124(6) of Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, as amended (the IEPF Rules), all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more shall be transferred by the Company to the IEPF, within 30 days of such shares becoming due for transfer.

Accordingly, the Company will send individual letters through ordinary/speed post and email to such shareholders, whose dividend from the year 2013-14 has remained unclaimed, requesting them to claim the amount of unpaid dividend on or before the date on which Company must transfer the related shares to the demat account of IEPF. The Company also publishes, on an annual basis, a notice in the newspapers intimating the members regarding the said transfer. These details are also be made available on the Company’s website www.bajajauto.com

During the year under review, the Company transferred 6,422 (previous year: 109,499) equity shares of the face value of H10 each relating to 22 shareholders (previous year: 68) to the demat Account of the IEPF Authority held with NSDL/CDSL. Details of such shareholders, whose shares are transferred to IEPF and their unpaid dividends for subsequent years are available on the website of the Company at www.bajajauto.com

Shareholders can claim such unpaid dividends and underlying shares transferred to the Fund by following the procedure prescribed in the IEPF Rules. A link to the procedure to claim is available on the Company’s website at www.bajajauto.com

Shareholders are requested to get in touch with the compliance officer for further details on the subject at investors@bajajauto.co.in

Share transfer system

SEBI’s amended regulation 40 of the SEBI Listing Regulations, 2015, prohibits the transfer of securities (except transmission or transposition of shares) in physical form from 1 April 2019. Accordingly, the Company has sent letters to members holding shares in physical form advising them to dematerialise their holdings. During FY2021, no shares were transferred in the physical form except for those for whom the transfer deed was lodged prior to 1 April 2019 and were returned due to deficiencies in the document and thus re-lodged after 1 April 2019.

Further, SEBI through its circular dated 7 September 2020 has fixed 31 March 2021 as the cut-off date for re-lodging of transfer deeds (including request for transfer(s) pending with Company or its share transfer agent as on 7 September 2020). It has also stated that such transferred shares shall be issued only in demat mode. Moreover, SEBI vide its circular dated 2 December 2020 has provided operational guidelines for the transfer and de-materialisation of re-lodged physical shares.

Share transfers received by the share transfer agent/Company are registered within 15 days from the date of receipt, provided the documents are complete in all respects. The total number of shares transferred in the physical category during 2020-21 was 55,436 shares versus 73,029 shares during 2019-20. Such details were placed before the Board on a quarterly basis.

Investor grievances redressal mechanism

SEBI has issued a circular, SEBI/HO/OIAE/IGRD/CIR/P/2020/152 dated 13 August 2020, laying down the mechanism for redressal of investor complaints by companies and stock exchanges effective from 1 September 2020. This outlines the procedure for handling complaints by stock exchanges as well as standard operating procedure for actions to be taken against listed companies for failure to redress investor grievances.

An investor can raise complaints on non-receipt of bonus shares, of dividend, of duplicate share certificate and delays in dematerialisation/rematerialisation etc. Complaints pertaining to deposits and IEPF matters are not governed by this circular.

Dematerialisation/Rematerialisation of shares

During 2020-21, 51,350 shares were dematerialised versus 385,827 shares in 2019-20. No shares were rematerialised during 2020-21 versus 75 shares in 2019-20. Shares held in physical and electronic mode as on 31 March 2021 are in Table 1.

Stock code

Listing on stock exchanges

Shares of the Company are currently listed on the following stock exchanges:

Pursuant to the SEBI Listing Regulations 2015, the Company has entered into a uniform Listing Agreement with BSE and NSE. For FY2021, the listing fees payable to these stock exchanges have been paid in full.

Market price data

Distribution of shareholding

Table 3 gives details about the pattern of shareholding across various categories as on 31 March 2021, while Table 4 gives the data according to size classes.

Shareholders’ and investors’ grievances

The Board of directors of the Company has a stakeholders’ relationship committee to specifically look into and resolve grievances of security-holders on various matters.

Routine queries/complaints received from shareholders are promptly attended to and replied. Queries/complaints received during FY2021 were relating to non-receipt of dividend by warrants as well as through electronic clearing service, non-receipt of annual report and change of address and/or bank particulars. As on 31 March 2021, there was no pending issue to be addressed or resolved.

During the year, letters were received from SEBI/the Registrar of Companies (ROC)/Stock Exchanges/ Investors, concerning eight complaints filed by the shareholders on various matters. For each of these complaints, replies were sent to SEBI/ROC/Stock Exchanges/Investors in the prescribed format; no action remained to be taken on the Company’s side at the year end.

Green initiative

The Company believes in driving environmental initiatives. As a step in this direction, it availed of special services offered by NSDL/CDSL to update email addresses of shareholders holding shares with depository participant registered with these entities and who have not registered their email addresses. This will enable such shareholders to immediately receive various email communication from the Company from time to time including the annual report, dividend credit intimation, half-yearly communication etc. Shareholders who have not updated their email, are requested to do so by sending a request to the Company/KFin or their respective depository participant.

KPRISM: a mobile service application by KFin

Members should note that our registrar and share transfer agent, KFin, has launched a new mobile app KPRISM and a website https://kprism.kfintech.com/ for our investors. Members can download the mobile app and see their portfolios serviced by KFin; check their dividend status; request for annual reports; register change of address; register change in the bank account or update the bank mandate; and download the standard forms. This android mobile application can be downloaded from the Play Store.

Demat suspense account with HDFC Bank for unclaimed shares

In accordance with the provisions contained in clause 5A of the erstwhile Listing Agreement (corresponding to regulation 39(4) of the SEBI Listing Regulations, 2015) as amended by SEBI through its circular dated 16 December 2010, the Company, during 2011-12, had sent three reminders to such shareholders whose shares were lying ‘undelivered/unclaimed’ with the Company; and then followed it by opening of the unclaimed share suspense demat account titled ‘Bajaj Auto Ltd. – Unclaimed Suspense Account’ with the HDFC Bank in April 2012.

After completing the necessary formalities, 44,375 shares held by 148 shareholders were transferred to this suspense account in April 2012. Voting rights on such shares remain frozen till the rightful owner claims these shares.

The Company, acting as a trustee in respect of the unclaimed shares, follows the modalities for the operation of the said account in the manner set out in regulation 39(4) of the SEBI Listing Regulations, 2015.

The summary of this account for FY2021 is as follows:

Nomination

Individual shareholders holding shares singly or jointly in physical form can nominate a person in whose name the shares shall be transferable in the case of death of the registered shareholder(s). The prescribed nomination form (SH-13) will be sent by the share transfer agent of the Company upon such request and is also available on the Company’s website www.bajajauto.com

Nomination facility for shares held in electronic form is also available with depository participant.

Credit Rating

The Company has neither issued any debt instruments nor undertaken any fixed deposit programme or any scheme or proposal involving mobilisation of funds, whether in India or abroad. However, it has obtained on 31 August 2020 ‘AAA/Stable’ rating for long-term and ‘A1+’ rating for short-term bank facilities of the Company from CRISIL. Further, in response to letter dated 19 August 2020 of the Company, CRISIL vide its letter dated 31 August 2020 has withdrawn ‘FAAA/Stable’ rating on the fixed deposits of the Company, since there are no public fixed deposits lying with the Company.

Live webcast of AGM

Pursuant to regulation 44(6) of the SEBI Listing Regulations, 2015, top 100 listed entities shall, with effect from 1 April 2019, provide one-way live webcast of the proceedings of their AGM. Accordingly, as in the previous year, the Company has entered into an arrangement with KFin to facilitate live webcast of the proceedings of the ensuing AGM scheduled on 22 July 2021.

Members who are entitled to participate in the AGM can view the proceedings of AGM by logging on to the e-voting website of KFin at https://emeetings.kfintech.com/using secure login credentials provided for e-voting.

AGM through VC

Pursuant to an MCA circular, the Company will also provide two-way video conferencing or webex facility to members to participate in the 14th AGM. For details, refer the Notice of the AGM, which is on the Company’s website at https://www.bajajauto.com/investors/annual-reports and on the website of the stock exchanges.

Voting through electronic means

Pursuant to section 108 of the Companies Act, 2013 and the Rules made thereunder and provisions under the SEBI Listing Regulations, 2015, every listed company is required to provide its members, the facility to exercise their right to vote at general meetings by electronic means.

The Company has entered into an arrangement with KFin as the authorised agency for this purpose, to facilitate such e-voting for its members.

The shareholders will therefore be able to exercise their voting rights on the items put up in the Notice of AGM, through e-voting. Further, in accordance with the Companies (Management and Administration) Rules, 2014 and MCA circulars, the Company will also provide e-voting facility for members attending the AGM through VC or OAVM.

SEBI has issued a circular SEBI / HO / CFD / CMD / CIR / P / 2020 / 242 dated 9 December 2020 for increase in the participation by the public non-institutional shareholders/retail shareholders in the e-voting process. It has been decided to enable e-voting to all the demat account holders, via a single login credential, through their demat accounts/websites of depositories/ depository participants. Demat account holders will be able to cast their vote without having to register again with the e-voting service providers. This will not only facilitate seamless authentication, but also enhance the ease and convenience of participating in the e-voting process.

Shareholders, who are attending the AGM through VC or OAVM and who have not already cast their votes by remote e-voting shall only be able to exercise their right of voting at the meeting.

The cut-off date, as per the said Rules, shall be 15 July 2021 and the remote e-voting shall be open for a period of three days, from 19 July 2021 (9.00 a.m.) till 21 July 2021 (5.00 p.m.). The Board has appointed Shyamprasad D Limaye, Practising Company Secretary as the scrutiniser for the e-voting process.

The detailed procedure is given in the Notice of the 14th AGM and is also placed on the Company’s website at https://www.bajajauto.com/investors/annual-reports

Outstanding convertible instruments/ADRs/GDRs/ warrants

The Company does not have any outstanding convertible instruments /ADRs / GDRs / warrants as on date of this report.

Plant locations

Bajaj Auto has plants located at the following places:

  1. Mumbai-Pune Road, Akurdi, Pune 411 035 (Maharashtra)
  2. Bajaj Nagar, Waluj, Aurangabad 431 136 (Maharashtra)
  3. MIDC, Plot No. A1, Mahalunge Village, Chakan 410 501 Dist. Pune (Maharashtra)
  4. Plot No. 2, Sector-10, IIE Pantnagar, Udhamsinghnagar 263 531 (Uttarakhand)

Address for correspondence

Investors and shareholders can correspond with the share transfer agent or the registered office of the Company at the following address:

Share transfer agent

KFin Technologies Pvt. Ltd.
(previously known as Karvy Fintech Pvt. Ltd.)
Unit: Bajaj Auto Ltd.
Selenium Tower B, Plot No. 31 and 32,
Financial District, Nanakramguda,
Serilingampally Mandal,
Hyderabad 500 032, Telangana.

Contact persons
Bhaskar Roy
Mohd. Mohsinuddin
Tel. No: (040) 6716 2222
Fax No: (040) 2300 1153
Toll free No: 1800 309 4001
Email: einward.ris@kfintech.com
Website: www.kfintech.com or https://ris.kfintech.com/

Company

Bajaj Auto Ltd.
Mumbai-Pune Road,
Akurdi, Pune 411 035.

Company Secretary and Compliance Officer
Dr. J Sridhar
Tel. No: (020) 6610 6503
Fax No: (020) 2740 7380
Email: investors@bajajauto.co.in
Website: www.bajajauto.com

Shareholders may get in touch with the company secretary for further assistance.