Bajaj Housing Finance logo

Bajaj Housing Finance MD, chairman, board of directors and AGM

NSE: BAJAJHFLBSE: 544252FinanceMid Cap

Last close ₹77.45down ₹3.57 (4.41%)BSE ₹77.46

Share price at the NSE close on 23 Oct 2026. Previous close ₹81.02.

52-week range of traded prices to 23 Oct 2026
₹72.65Low, 30 Mar 2026₹112.40High, 30 Oct 2025
Market cap
₹64,534 Cr147th largest listed
P/E
23.0
P/B
2.7
Dividend yield
Nonein the last 12 months
ROE
12.4%
NIM
3.29%
Cost of funds
7.28%
Credit cost
0.17%
ROA
2.23%
Leverage
5.41times net worth
Volume, NSE
62,68,74349.9% delivered

Bajaj Housing Finance board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSanjivnayan BajajRelated to the promoter
  • Managing directorAtul Jain
  • Company Secretary and Compliance OfficerAtul Patni

8 directors5 independent1 executive2 non-executive

  • Sanjivnayan Bajaj · ChairpersonNon-executive · joined Jan 2018 · reappointed Jan 2018 · 6 listed boards · 5 committee seats
  • Rajeev JainNon-executive · joined Nov 2014 · reappointed Nov 2014 · 3 listed boards · 2 committee seats
  • Anami Narayan RoyIndependent · joined May 2020 · reappointed May 2025 · 76 months as independent · 6 listed boards · 6 as independent · 8 committee seats, 3 as chair
  • Arindam K BhattacharyaIndependent · joined May 2022 · reappointed May 2022 · 53 months as independent · 4 listed boards · 4 as independent · 5 committee seats, 2 as chair
  • Jasmine Arish ChaneyIndependent · joined Apr 2023 · reappointed Apr 2023 · 42 months as independent · 2 listed boards · 2 as independent · 2 committee seats
  • S M Narasimha SwamyIndependent · joined Aug 2024 · reappointed Aug 2024 · 26 months as independent · 1 listed board · 1 as independent · 1 committee seat
  • Ajay Kumar ChoudharyIndependent · joined Mar 2026 · reappointed Mar 2026 · 7 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 3 as chair
  • Atul Jain · Managing directorExecutive · joined May 2022 · reappointed May 2022 · 1 listed board

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 16 Sep 20268 of 8 present5 independent · 48 days in between
    • 29 Jul 20268 of 8 present5 independent · 92 days in between
    • 27 Apr 20268 of 8 present5 independent

  • Audit Committee

    Chair Arindam K Bhattacharya

    Anami Narayan Roy, Jasmine Arish Chaney, Ajay Kumar Choudhary, Rajeev Jain

    • 29 Jul 20265 of 5 present4 independent · 92 days in between
    • 27 Apr 20265 of 5 present4 independent

  • Nomination and remuneration committee

    Chair Anami Narayan Roy

    Arindam K Bhattacharya, Rajeev Jain

    • 27 Apr 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Anami Narayan Roy

    Sanjivnayan Bajaj, Rajeev Jain, S M Narasimha Swamy

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Ajay Kumar Choudhary

    Sanjivnayan Bajaj, Arindam K Bhattacharya, S M Narasimha Swamy, Rajeev Jain, Atul Jain

    • 29 Jul 20266 of 6 present3 independent · 92 days in between
    • 27 Apr 20266 of 6 present3 independent

  • Corporate Social Responsibility Committee

    Chair Anami Narayan Roy

    Sanjivnayan Bajaj, Rajeev Jain

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditors

Named in the results for the quarter to Mar 2026.

  • Singhi & Co.Peer-review certificate valid to Aug 2028
  • Mukund M. Chitale & Co.Peer-review certificate valid to Apr 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Bajaj Housing Finance AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Bajaj Housing Finance share news and announcements

Annual general meeting, 29 Jul 2026

23,47,371 shareholders on the register on 22 Jul 2026; present: 1 promoter and 1,395 others; votes counted by Sachin Bhagwat / Sachin Bhagwat.The company's voting result (opens in a new tab)

  1. To consider and adopt the financial statements of the Company for the financial year ended 31 March 2026, together with the Directors’ and Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.67%

    Turnout: all 88.28% · promoters 100.00% · institutions 81.47% · other public 0.22%

  2. To appoint a director in place of Rajeev Jain (DIN: 01550158), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 4.46% · other public 8.49%

    Turnout: all 88.28% · promoters 100.00% · institutions 81.47% · other public 0.22%

  3. Issue of non-convertible debentures through private placement.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 1.78% · other public 14.74%

    Turnout: all 88.28% · promoters 100.00% · institutions 81.47% · other public 0.22%

  4. Approval of Material Related Party Transactions between the Company and Bajaj Finance Limited (‘BFL’).
    OrdinaryPromoters have an interest in it
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 0.00% · other public 13.48%

    Turnout: all 1.58% · promoters 0.00% · institutions 81.47% · other public 0.22%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 11 Apr 2026, 1 resolution

24,26,112 shareholders on the register on 6 Mar 2026; votes counted by Sachin Bhagwat / Sachin Bhagwat.The company's voting result (opens in a new tab)

  1. Appointment of Shri Ajay Kumar Choudhary (DIN: 09498080) as an Independent Director for a term of five consecutive years with effect from 1 March 2026
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.15%

    Turnout: all 88.32% · promoters 100.00% · institutions 68.04% · other public 2.78%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 23 Jul 2025, 5 resolutions

25,41,563 shareholders on the register on 16 Jul 2025; present: 1 promoter and 620 others; votes counted by Sachin Bhagwat / Sachin Bhagwat.The company's voting result (opens in a new tab)

  1. To consider and adopt the financial statements of the Company for the financial year ended 31 March 2025, together with the Directors’ and Auditors’ Reports thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.85%

    Turnout: all 90.05% · promoters 100.00% · institutions 83.23% · other public 0.15%

  2. To appoint a director in place of Atul Jain (DIN: 09561712), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 2.37% · other public 2.89%

    Turnout: all 90.05% · promoters 100.00% · institutions 83.23% · other public 0.15%

  3. To appoint M/s DVD & Associates, Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.54%

    Turnout: all 90.05% · promoters 100.00% · institutions 83.23% · other public 0.15%

  4. Issue of non-convertible debentures through private placement.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.57% · other public 3.81%

    Turnout: all 90.05% · promoters 100.00% · institutions 83.23% · other public 0.15%

  5. Approval of material related party transactions between the Company and Bajaj Finance Limited
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.57%

    Turnout: all 1.35% · promoters 0.00% · institutions 83.23% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 7 May 2025, 2 resolutions

26,51,764 shareholders on the register on 28 Mar 2025; votes counted by Shyamprasad D Limaye / Shyamprasad Limaye.The company's voting result (opens in a new tab)

  1. To approve continuation of Directorship of Shri Anami N Roy (DIN: 01361110) as an Independent Director beyond the age of 75 years in his current tenure
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.02% · other public 10.28%

    Turnout: all 90.38% · promoters 100.00% · institutions 87.34% · other public 0.25%

  2. Re-appointment of Shri Anami N Roy (DIN: 01361110) as an Independent Director of the Company for a second term of three consecutive years w.e.f. 19 May 2025
    Special
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 26.09% · other public 9.79%

    Turnout: all 90.38% · promoters 100.00% · institutions 87.34% · other public 0.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 21 Dec 2024, 4 resolutions

The company's voting result (opens in a new tab)

  1. Ratification of the Bajaj Housing Finance Limited Employee Stock Option Scheme 2024 (“BHFL nESOP 2024”
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.81% · other public 1.42%

    Turnout: all 91.09% · promoters 100.00% · institutions 82.02% · other public 1.40%

  2. Ratification of the extension of the benefits under the Bajaj Housing Finance Limited Employee Stock Option Scheme 2024 (“BHFL ESOP 2024”) to the eligible employees of holding companyn(ies) or subsidiary company(ies) of the Company, if any.MoreLess
    SpecialPromoters have an interest in it
    98.72% for1.28% against

    Against: promoters 0.00% · institutions 52.27% · other public 1.45%

    Turnout: all 91.09% · promoters 100.00% · institutions 82.02% · other public 1.40%

  3. Approval to authorise the Trust, to acquire equity shares from secondary market for nimplementation of the Bajaj Housing Finance Limited Employee Stock Option Scheme 2024 n( BHFL ESOP 2024 )
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.40% · other public 1.25%

    Turnout: all 91.09% · promoters 100.00% · institutions 82.02% · other public 1.40%

  4. Approval of material related party transactions between the Company and Bajaj FinancenLimited
    SpecialPromoters have an interest in it
    88.84% for11.16% against

    Against: promoters 0.00% · institutions 11.70% · other public 1.10%

    Turnout: all 2.34% · promoters 0.00% · institutions 82.02% · other public 1.40%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 29 Jul 2026, 9 fund houses so far (houses' deadline to file 15 Oct 2026)

  • To consider and adopt the financial statements of the Company for the financial year ended 31 March 2026, together with the Directors’ and Auditors’ Reports thereon.
    9 for0 against
  • To appoint a director in place of Rajeev Jain (DIN: 01550158), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.
    9 for0 against
  • Issue of non-convertible debentures through private placement.
    9 for0 against
  • Approval of Material Related Party Transactions between the Company and Bajaj Finance Limited (‘BFL’).
    9 for0 against

Mutual fund votes, meeting of 11 Apr 2026, 23 fund houses

  • Appointment of Shri Ajay Kumar Choudhary (DIN: 09498080) as an Independent Director for a term of five consecutive years with effect from 1 March 2026
    23 for0 against
3 earlier meetings

Mutual fund votes, meeting of 23 Jul 2025, 21 fund houses

  • To consider and adopt the financial statements of the Company for the financial year ended 31 March 2025, together with the Directors’ and Auditors’ Reports thereon.
    21 for0 against
  • To appoint a director in place of Atul Jain (DIN: 09561712), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and, being eligible, offers himself for re-appointment.
    21 for0 against
  • To appoint M/s DVD & Associates, Practicing Company Secretaries as Secretarial Auditor of the Company for a term of five consecutive years.
    21 for0 against
  • Issue of non-convertible debentures through private placement.
    21 for0 against
  • Approval of material related party transactions between the Company and Bajaj Finance Limited
    21 for0 against

Mutual fund votes, meeting of 7 May 2025, 18 fund houses

  • To approve continuation of Directorship of Shri Anami N Roy (DIN: 01361110) as an Independent Director beyond the age of 75 years in his current tenure
    18 for0 against
  • Re-appointment of Shri Anami N Roy (DIN: 01361110) as an Independent Director of the Company for a second term of three consecutive years w.e.f. 19 May 2025
    Against Angel One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, HDFC Mutual Fund, Invesco Mutual Fund, LIC Mutual Fund, Mirae Asset Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Zerodha Mutual Fund
    • Angel One Mutual FundGovernance concern: Proposed term will lead to prolonged association with the Group.
    • Axis Mutual FundAnami N Roy, 74, is a retired officer of Indian Pollice Service and is former Director General of Police, Maharashtra. He has served in Maharashtra and Government of India for over 38 years. Through this resolution, the company seeks approval to reappoint him as Independent Director for three years from 19 May 2025. Although his reappointment meets regulatory requirements, we note he also serves as an Independent Director on the board of Bajaj Auto Limited – a Bajaj group company, since 14 September 2017. He will complete 10 years of association with the Bajaj Group during the proposed three-year tenure from 19 May 2025. We do not support the re-appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support his reappointment as Independent Director.
    • Bandhan Mutual Fund, Edelweiss Mutual Fund, Groww Mutual Fund, Motilal Oswal Mutual Fund, Zerodha Mutual FundCompliant with law. No concern on the merit of proposed appointee. Governance concern: Proposed term will lead to prolonged association with the Group.
    • HDFC Mutual FundAlthough his reappointment meets regulatory requirements, we do not support the re-appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support his reappointment as Independent Director.
    • Invesco Mutual FundAnami N Roy, 74, is a retired officer of Indian Pollice Service and is former Director General of Police, Maharashtra. He has served in Maharashtra and Government of India for over 38 years. Through this resolution, the company seeks approval to reappoint him as Independent Director for three years from 19 May 2025. Although his reappointment meets regulatory requirements, we note he also serves as an Independent Director on the board of Bajaj Auto Limited û a Bajaj group company, since 14 September 2017. He will complete 10 years of association with the Bajaj Group during the proposed three-year tenure from 19 May 2025. We do not support the re-appointment of Independent Directors if their aggregate tenure with the company or the group exceeds 10 years anytime during the proposed tenure as we believe that this is not in line with the spirit of the regulations. We do not support his reappointment as Independent Director.
    • LIC Mutual FundConcerns over proposed tenure leading to prolonged association with group.
    • Mirae Asset Mutual FundAs per advisory recommendation (Passive holding)
    • Nippon India Mutual FundGovernance Concern: Candidate Prolonged Association
    6 for12 against

Mutual fund votes, meeting of 21 Dec 2024, 18 fund houses

  • Ratification of the Bajaj Housing Finance Limited Employee Stock Option Scheme 2024 (“BHFL nESOP 2024”
    18 for0 against
  • Ratification of the extension of the benefits under the Bajaj Housing Finance Limited Employee Stock Option Scheme 2024 (“BHFL ESOP 2024”) to the eligible employees of holding companyn(ies) or subsidiary company(ies) of the Company, if any.MoreLess
    Against 360 One Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, Bank of India Mutual Fund, Baroda BNP Paribas Mutual Fund, Edelweiss Mutual Fund, HDFC Mutual Fund, HSBC Mutual Fund, Invesco Mutual Fund, Kotak Mahindra Mutual Fund, Motilal Oswal Mutual Fund, Nippon India Mutual Fund, Sundaram Mutual Fund
    • 360 One Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance concern: ESOP benefits proposed to be extended to Holding/ Associate Company(ies) without compelling justification or cost reimbursement provision.
    • Axis Mutual FundBHFL seeks approval to extend the benefits of the scheme to employees of holding company and subsidiaries. Bajaj Finance Limited is the holding company and promoter of BHFL. We do not support extension of ESOP schemes to employees of listed holding companies. We do not support the resolution
    • Bank of India Mutual Fund, Sundaram Mutual FundThrough resolution #2, BHFL seeks approval to extend the benefits of the scheme to employees of holding company and subsidiaries. Bajaj Finance Limited is the holding company and promoter of BHFL. We do not support extension of ESOP schemes to employees of listed holding companies. We do not support the resolution.
    • Edelweiss Mutual FundExtension of scheme to Holding/ Associate company(ies) without compelling reason.
    • HDFC Mutual FundThe scheme gives the Nomination and Remuneration Committee (NRC) the discretion to determine the exercise price - this could result in options being granted at a significant discount to market price. In the case of deeply discounted options, there is no alignment between the interests of investors and those of employees.
    • HSBC Mutual FundA vote AGAINST this resolution is warranted because: • The proposal includes grant of stock options to employees of holding company without a compelling rationale.
    • Invesco Mutual FundThrough this resolution , BHFL seeks approval to extend the benefits of the scheme to employees of holding company and subsidiaries. Bajaj Finance Limited is the holding company and promoter of BHFL. We do not support extension of ESOP schemes to employees of listed holding companies. We do not support the resolution
    • Kotak Mahindra Mutual FundWhile we support extension of benefits under the ESOP scheme of any company to its unlisted subsidiaries (if any), we do not support extension of such benefits to holding company. In case of Bajaj Housing Finance (BHFL), Bajaj Finance is the holding company, which is already listed company and a majority promoter shareholder of BHFL. Besides, it also has its own dedicated ESOP scheme. Hence, we believe extending benefit of BHFL ESOPs to holding company employees is not completely justified. Hence we are voting AGAINST.
    • Nippon India Mutual FundESOP benefits proposed to be extended to Holding/ Associate Company(ies) without compelling justification or cost reimbursement provision.
    5 for13 against
  • Approval to authorise the Trust, to acquire equity shares from secondary market for nimplementation of the Bajaj Housing Finance Limited Employee Stock Option Scheme 2024 n( BHFL ESOP 2024 )
    18 for0 against
  • Approval of material related party transactions between the Company and Bajaj FinancenLimited
    Against Bandhan Mutual Fund, Edelweiss Mutual Fund, Motilal Oswal Mutual Fund
    • Bandhan Mutual Fund, Motilal Oswal Mutual FundCompliant with law. Governance Concern & Transparency Concern: Basis for Arm’s Length pricing is not adequately disclosed.
    • Edelweiss Mutual FundBasis for Arm’s Length Pricing not disclosed.
    15 for3 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 4 complaints open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it.