iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Longtime Bajaj Auto Leader Bids Adieu: Madhur Bajaj Steps Down for Health

25 Jan 2024 , 01:50 PM

 On Wednesday, Bajaj Auto Ltd said that Madhur Bajaj, its vice chairman, had resigned for personal health reasons. Madhur Bajaj has offered his resignation from his position with the company, effective as of January 24, 2024, at the conclusion of business hours, according to a regulatory filing by Bajaj Auto.

In his letter of resignation, Bajaj expressed his desire to leave his position as vice chairman and non-executive director of Bajaj Auto due to his advanced age, health, and 44 years of service to the company.

'I believe now is the time for me to pursue my other interests and commitments,' he stated.

Furthermore, according to Bajaj Auto, independent director Lila Poonawalla has stated that she does not intend to run for office again once her current term expires on March 31, 2024.

The board has proposed to the shareholders that Vinita Bali be appointed as an independent director for the first five-year term beginning on April 1, 2024, and has approved Pradip Shah's reappointment as an independent director for a second five-year term beginning on April 1, 2024.

According to the filing, the business will ask shareholders for permission to re-appoint Shah and Bali.

For feedback and suggestions, write to us at editorial@iifl.com

File:Bajaj auto logo.svg - Wikipedia

Related Tags

  • Bajaj Auto
  • Madhur Bajaj
sidebar mobile


Read More

Most Read News

Indian markets end the day on high
23 May 2024|03:59 PM
Markets surge

Markets surge

23 May 2024|03:45 PM
MG Motor India to supply 3000 EVs to Vertelo
23 May 2024|03:46 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.