16th Annual General Meeting (AGM)

Date		25 July 2023
Day		Tuesday
Time		2:00 PM
Venue		Registered office at Mumbai-Pune Road, Akurdi, Pune 411035
Remote e-voting starts		22 July 2023 at 9.00 a.m.
Remote e-voting ends		24 July 2023 at 5.00 p.m.
E-voting at AGM		Tuesday, 25 July 2023
Financial Year		1 April to 31 March

Financial calendar

Approval of audited annual results for year ending 31 March		April/ May
Mailing of annual reports		June
Annual general meeting		July
Unaudited first quarter financial results		July
Unaudited second quarter financial results		October
Unaudited third quarter financial results		January/ early February

Share transfer agent

The Company has appointed KFin Technologies Ltd. (KFin), as its registrar and share transfer agent for processing of share transfer/dematerialisation/rematerialisation and allied activities.

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).

Review of service standards adhered by KFin with respect to share related activities

The Company has agreed service timelines and standards for various shareholder-related service with KFin. On an on-going basis, the secretarial team engages with officials of KFin at various levels for review of these standards and other shares-related activities. Periodic meetings and discussions are held to understand the concerns of shareholders, deviations, if any, in the timelines for processing service requests, best practices and other measures to strengthen shareholder-related services. In addition, the activities at KFin are also reviewed by the internal audit team periodically.

Record date

The Company has fixed Friday, 30 June 2023 as the ‘Record Date’ for the purpose of determining the members eligible to receive dividend for the financial year 2022-23.

Dividend and date of dividend payment

The Board has proposed a dividend of ₹ 140 per equity share (1400%) of the face value of ₹ 10 for the financial year 2022-23, subject to approval of members at the ensuing AGM as against ₹ 140 per equity share (1400%) for the previous year.

Dividend on equity shares, if declared, at the AGM, will be credited/dispatched on 28 July 2023, as under:

a)	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 on closing hours on Friday, 30 June 2023 and
b)	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, 30 June 2023.

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 (RBI) 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.

Members are requested to submit PAN, contact details, Bank account details and specimen signature (as applicable) to their Depository Participant (DP) in case of holding in dematerialised form or to KFin (through Form ISR-1, Form ISR-2) in case of holdings in physical form. The said forms are available at https://www.bajajauto.com/investors/miscellaneous

To enable payment of dividend through electronic mode, members holding shares in physical form are requested to furnish, on or before 30 June 2023, updated particulars of their bank accounts to KFin through Forms ISR-1 & ISR-2 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 30 June 2023. 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 (TDS) on dividend

Pursuant to the changes introduced by the Finance Act, 2020, w.e.f. 1 April 2020 as in the previous year, there will be no Dividend Distribution Tax payable by the Company. The dividend, declared, will be taxable in the hands of the shareholders subject to tax deduction at source at the applicable rates. The TDS rate would vary depending on the residential status of the shareholders and the documents submitted by them and accepted by the Company. For the detailed process and formats of declaration, please refer to FAQs on Tax Deduction at Source on Dividends available on the Company’s website at https://www.bajajauto.com/investors/dividend

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 2013-14 has been already transferred by the Company to this said Fund from September 2015 onwards.

Unclaimed dividend amounting to ₹ 13,194,350/- in respect of financial year 2014-15 was transferred to the Fund in compliance with the provisions of section 125 of the Act in September 2022.

Unpaid dividend amounting to ₹ 1,39,09,350/- in respect of financial year 2015-16 (Interim) was transferred to the Fund in compliance with the provisions of section 125 of the Act in May 2023.

Unpaid/unclaimed dividend (Final) for the financial year 2015-16 shall be due for transfer to the Fund in September 2023. Members are requested to verify their records and send their claim, if any, for the 2015-16 before such amount become due for transfer. Communications are being sent to members, who have not yet claimed final dividend for 2015-16, 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.

Year		Dividend Type		Date of Declaration AGM Date		Last date for claiming dividend		Due date for transfer
2015-2016		Final		27 July 2016		25 August 2023		24 September 2023
2016-2017		Final		20 July 2017		18 August 2024		17 September 2024
2017-2018		Final		20 July 2018		18 August 2025		17 September 2025
2018-2019		Final		26 July 2019		24 August 2026		23 September 2026
2019-2020		Interim (confirmed as Final)		09 March 2020		07 April 2027		06 May 2027
2020-2021		Final		22 July 2021		20 August 2028		19 September 2028
2021-2022		Final		26 July 2022		25 August 2029		24 September 2029

The Company has uploaded details of unclaimed dividend on its website at

https://www.bajajauto.com/investors/dividend and also on website specified by the Ministry of Corporate Affairs https://www.iepf.gov.in/IEPFWebProject/services.html

Initiatives for reduction of unclaimed dividend

The Company with a view to reducing the quantum of unclaimed dividend has undertaken several steps as was done in the last few years. These primarily included proactively reaching out to shareholders, sending periodic communications, advising the shareholders who approach the Company/KFin for other service request to claim their dividend, if any and remitting unpaid dividend, if any for KYC compliant folios. The amount is remitted based on the verification of the documents and bonafides of the claim.

As a result, significant amount of unclaimed dividend was remitted to the shareholders during the year under review. The Company will endeavour to undertake additional initiatives in this regard.

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 e-mail to such shareholders, whose dividend from the year 2015-16 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 https://www.bajajauto.com/investors/disclosures

During the year under review, the Company transferred 8,621 (previous year: 6,469) equity shares of the face value of ₹ 10 each relating to 28 shareholders (previous year: 45) 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 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.

SEBI vide its circulars dated 25 January 2022 and 25 May 2022 has provided the guidelines to issue the securities in dematerialised form by issuing a ‘Letter of Confirmation’ in lieu of physical securities certificates to the securities holder/claimant within 30 days of its receipt of such request after removing objections, if any.

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 2022-23 due to transmission/deletion of name cases was 54,604 shares versus 117,310 shares during 2021-22. Such details were placed before the Board on a quarterly basis.

Dematerialisation/Rematerialisation of shares

During 2022-23, 14,829,398 shares were dematerialised, versus, 203,001 shares in 2021-22. Nil shares were rematerialised during 2022-23 versus 25 shares in 2021-22. Shares held in physical and electronic mode as on 31 March 2023 are in Table 1.

Table 1: Shares held in physical and electronic mode
		Position as on 31 March 2023				Position as on 31 March 2022				Net change during 2022-23
Particulars		No. of shares		% to total shareholding		No. of shares		% to total shareholding		No. of shares		% to total shareholding
Physical		1,965,675		0.69		16,803,733		5.81		(14,838,058)		(5.12)
Demat
NSDL		210,066,086		74.24		264,811,329		91.51		(54,745,243)		(17.27)
CDSL		70,925,597		25.07		7,751,958		2.68		63,173,639		22.39
Sub-total		280,991,683		99.31		272,563,287		94.19		8,428,396		5.12
Total		282,957,358		100.00		289,367,020		100.00		(6,409,662)		–

Stock code

1.	BSE Ltd., Mumbai		532977
2.	National Stock Exchange of India Ltd.		BAJAJ-AUTO
3.	ISIN for depositories (NSDL and CDSL)		INE917I01010
4.	Bloomberg		BJAUT.IN
5.	Reuters		BAJA.BO

Listing on stock exchanges

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

Name			Address
1.	BSE Ltd. (BSE)		1st Floor, New Trading Ring Rotunda Building, P J Tower Dalal Street, Fort, Mumbai 400 001.
2.	National Stock Exchange of India Ltd. (NSE)		Exchange Plaza, 5th Floor Plot No.C-1, G Block Bandra-Kurla Complex Bandra (East), Mumbai 400 051.

Pursuant to the SEBI Listing Regulations, 2015 the Company has entered into a Uniform Listing

Agreement with BSE and NSE. For FY2023, the listing fees payable to these stock exchanges have been paid in full.

Market price data

Table 2: Monthly highs and lows of Company’s shares in FY2023 (₹ vis-à-vis BSE Sensex)
		BSE				NSE				Closing BSE Sensex
Month		High		Low		High		Low
April-2022		3,992.05		3,580.00		4,000.00		3,600.00		57,060.87
May-2022		3,956.10		3,461.30		3,958.00		3,460.00		55,566.41
June-2022		4,000.00		3,577.00		3,971.00		3,574.80		53,018.94
July-2022		4,091.90		3,601.20		4,091.00		3,601.10		57,570.25
August-2022		4,128.70		3,915.00		4,128.95		3,915.00		59,537.07
September-2022		4,130.15		3,462.05		4,131.75		3,461.25		57,426.92
October-2022		3,725.05		3,475.00		3,727.00		3,475.00		60,746.59
November-2022		3,817.55		3,585.00		3,818.65		3,585.00		63,099.65
December-2022		3,749.95		3,524.25		3,744.05		3,524.05		60,840.74
January-2023		3,993.05		3,522.00		3,995.00		3,520.05		59,549.90
February-2023		3,934.40		3,625.05		3,934.95		3,625.60		58,962.12
March-2023		3,945.00		3,640.95		3,945.50		3,636.90		58,991.52

Distribution of shareholding

Table 3 gives details about the pattern of shareholding across various categories as on 31 March 2023, while Table 4 gives the data according to size classes.

Table 3: Distribution of shareholdings across Categories
		As on 31 March 2023				As on 31 March 2022
Categories		No. of shares		% to total capital		No. of shares		% to total capital
Promoters		155,580,309		54.98		155,580,109		53.76
Friends and associates of promoters		21,814,676		7.71		22,001,460		7.60
FPIs/FIIs		34,974,488		12.36		30,347,903		10.49
Public Financial Institutions and Insurance Companies		17,258,480		6.10		23,938,071		8.27
Mutual Funds		10,040,695		3.55		13,884,292		4.80
Nationalised and other banks		19,559		0.01		306,397		0.11
NRIs and OCBs		1,680,003		0.59		1,885,601		0.65
Others		41,589,148		14.70		41,423,187		14.32
Total		282,957,358		100.00		289,367,020		100.00

Table 4: Distribution of shareholding according to size class as on 31 March 2023
		No. of shareholders				Shares held in each class
Category		Number		%		Number		%
1 to 500		208,535		96.94		5,542,747		1.96
501 to 1000		2,231		1.04		1,643,384		0.58
1001 to 2000		1,399		0.65		2,026,304		0.72
2001 to 3000		655		0.30		1,633,014		0.58
3001 to 4000		384		0.18		1,354,729		0.48
4001 to 5000		276		0.13		1,257,658		0.44
5001 to 10000		611		0.28		4,323,840		1.53
10001 to 20000		360		0.17		4,987,842		1.76
20001 and above		659		0.31		260,187,840		91.95
Total		215,110		100.00		282,957,358		100.00

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 FY2023 were relating to non-receipt of dividend by warrants as well as through electronic clearing service, TDS matters, clarification on holdings, non-receipt of annual report, and change of address and/or bank particulars. As on 31 March 2023, 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 fourteen 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 and 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.

Also, the company has availed of the special services offered by NSDL/CDSL for sending SMS per demat account where email address is not registered.

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 FY2023 is as follows:

Sr. No.		Particulars		No. of shareholders		No. of shares
i.		Aggregate no. of shareholders and the outstanding shares lying in the Unclaimed Suspense Account as on 1 April 2022		20		2,192
ii.		No. of shareholders who approached the Company for transfer of shares from the Unclaimed Suspense Account during the year 2022-23		–		–
iii.		No. of shareholders to whom shares were transferred from the Unclaimed Suspense Account during the year 2022-23		_		_
iv.		No. of shares transferred to IEPF Authority during the year 2022-23		_		_
v.		Aggregate no. of shareholders and the outstanding shares lying in the Unclaimed Suspense Account as on 31 March 2023		20		2,192

Certifications obtained from Practising Company Secretary

The Company has inter-alia obtained following certifications by the Practising Company Secretary for share-related matters, as per details given below:

Regulation		Frequency
Regulation 40 (9) of SEBI (Listing Obligations and Disclosure Requirements) 2015 regarding Compliance of lodgment of transfers, sub-division, consolidation etc.		Annual
Reconciliation of Share Capital under Regulation 76 of SEBI (Depositories and Participants) Regulations 2018		Quarterly

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) to avoid the lengthy process of Transmission of shares.

Details of nomination shall be furnished through hard copy or electronic mode with e-signatures as follows:

i.	Either,
	•	Nomination through Form SH-13 as provided in the Rules 19(1) of Companies (Shares capital and debenture) Rules, 2014 or
	•	‘Declaration to Opt-out’, as per Form ISR-3
ii.	In case of cancellation of nomination by the holder(s) through Form SH-14, ‘Declaration to Opt-out’ shall be provided by the shareholder(s)
iii.	Securities holder(s) can change their nominee through Form SH-14

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

The said forms are available on the website of the Company at https://www.bajajauto.com/investors/miscellaneous

Issuance of Securities in dematerialised form in case of Investor Service Requests

Pursuant to SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated 25 January 2022 has introduced common and simplified norms for processing investors’ service request by RTAs and norms for furnishing PAN, KYC details and Nomination and has mandated that the listed Companies shall henceforth issue the securities in dematerialised form only, while processing the following service requests:

•	Issue of Duplicate securities certificate;
•	Claim from Unclaimed Suspense account;
•	Renewal/Exchange of securities certificate;
•	Endorsement;
•	Sub-division / Splitting of securities certificate;
•	Consolidation of securities certificates/folios;
•	Transmission;
•	Transposition;

For enabling the shareholders to demat their securities, the Registrar and Share transfer Agent shall issue a ‘Letter of Confirmation’ in lieu of physical share certificates to physical shareholders for enabling them to dematerialise the securities.

Further, SEBI vide its circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated 16 March 2023 (superseded by circular dated 3 November 2021) has, inter alia, mandated that any service request shall be entertained only upon registration of PAN, KYC details, and nomination.

All holders of physical securities of the Company are mandatorily required to furnish the following documents/details to the RTA i.e., KFin Technologies Ltd. (KFin):

Form		Purpose
Form-ISR-1		For registering PAN, KYC details or changes/Updation
Form-ISR-2		Confirmation of Signature of securities holder by the Banker
Form-ISR-3		Opting out of Nomination by physical securities holders
Form-SH-14		Cancellation or Variation of Nomination

SEBI has extended the timelines for updating the KYC details from 31 March 2023 to 1 October 2023. The folios wherein any one of the cited document/details are not updated on or after 1 October 2023 shall be frozen by the RTA. Such members will be permitted to lodge grievance or avail service request from the RTA, only after furnishing the KYC details. Further, the payment of dividend in respect of such frozen folios will be made only through electronic mode with effect from 1 April 2024.

The frozen folios will then be referred by RTA/Company to the administering authority under the Benami Transactions (Prohibitions) Act, 1988 and/or Prevention of Money Laundering Act, 2002 after 31 December 2025.

In view of the above, the Company has sent communication to 669 shareholders who hold securities in physical form.

The said forms are available on the Company’s website https://www.bajajauto.com/investors/miscellaneous

Members can access the KYC status of their folio by visiting https://ris.kfintech.com/clientservices/isc/kycqry.aspx

Simplification of Procedure of Transmission of Securities

SEBI has notified vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/65 dated 18 May 2022, has enhanced the monetary limits for simplified documentation for transmission of securities, allowed ‘Legal Heirship Certificate or equivalent certificate’ as one of the acceptable documents for transmission and provided clarification regarding acceptability of Will as one of the valid documents for transmission of securities. The said circular also specified the formats of various documents which are required to be furnished for the processing of transmission of securities.

The circular also lays down operational guidelines for processing investor’s service request for the purpose of transmission of securities. The procedure provided in this circular is duly followed by our Registrar and share transfer agent while processing of transmission service request.

Simplification of Procedure for issuance of Duplicate Share Certificates

SEBI vide its circular SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/70 dated 25 May 2022 has standardised the documents to be submitted for processing of service request for issue of duplicate share certificate and also laid down operational guidelines for the same.

Further, the said circular also mandates listed company to take special contingency policy from insurance company towards the risk arising out of the requirements relating to issuance of duplicate securities in order to safeguard and protect the interest of the listed company. The Company is in compliance with the said circular.

Investor grievances redressal through the SEBI Complaints Redress System (SCORES) platform

SEBI vide its Master circular SEBI/HO/OIAE/IGRD/P/CIR/2022 dated 7 November 2022, has mandated the investor to first take up the grievances with the company concerned for redressal and the same will be treated as ‘Direct Complaint’. A timeline of 30 days has been provided to the Company for resolution. Failing which, the complaint shall be registered on SCORES. Thereafter, SEBI shall take it up with the concerned company for resolution.

The circular also provides for handling complaints by the stock exchanges as well as the standard operating procedure for actions to be taken against listed companies for failure to redress investor grievances. The Company takes adequate steps for expeditious redressal of investors’ complaints.

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 06 October 2022 ‘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 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 16th AGM scheduled on 25 July 2023.

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

Voting through electronic means

Pursuant to section 108 of the Act 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 be making arrangements to provide for e-voting facility at the venue of the Annual General Meeting.

Shareholders, who are attending the meeting 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 18 July 2023 and the remote e-voting shall be open for a period of three days, from 22 July 2023 (9.00 a.m.) till 24 July 2023 (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 16th 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.

Investor Support Centre

Members may utilise the facility extended by the Registrar and share transfer agent for raising queries pertaining to dividend, KYC updation, interest/redemption, etc. by visiting https://ris.kfintech.com/clientservices/isc/

E-Sign Facility

Members may use the e-sign option given by KFin, for raising any service request by visiting https://ris.kfintech.com/clientservices/isc/

KPRISM: a mobile service application by KFIN

Members may note that our Registrar and share transfer agent, KFin, has launched a 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 Google Play Store.

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 Ltd.

(previously known as KFin Technologies 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

Whatsapp No. : (91) 910 009 4099

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 7868

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.