Outcome of Board Meeting

• Security Code: 500034
• Company: BAJFINANCE

Bajaj Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 26, 2016, has transacted the following:

1. approved the following, subject to approval of the shareholders -

i. Sub-division of equity shares of face value of Rs. 10 each into equity shares of face value of Rs. 2 each, and

ii. Issue of one fully paid bonus equity share of the face value of Rs. 2 each for one equity share of the face value of Rs. 2 each (i.e. as adjusted for subdivision of shares).

iii. Increase in the authorised share capital of the Company from Rs. 75 crore divided into 7,50,00,000 equity shares of Rs. 10 each to Rs. 150 crore divided into 75,00,00,000 equity shares of Rs. 2 each and amendment of Clause V of the Memorandum of Association for this purpose.

2. Approval of the shareholders will be sought through postal ballot. Shareholders holding shares as on the "Record date" to be fixed by the Board / Committee thereof, post approval of shareholders, will be eligible to receive the new shares arising out of sub-division of shares and the bonus shares. Share certificates for the said new shares in respect of the shares held in physical form will be dispatched on or before September 25, 2016. Electronic credit for the said new shares in respect of the shares held in dematerialised form will be given on or before the said date.

3. Other details of the sub-division of shares and issue of bonus shares, to be provided pursuant to Regulation 30 of the SEBI Listing Regulations, 2015.