Updates

29 June 2026 To To Corporate Relations Department Corporate Relations Department BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring Exchange Plaza, 5th Floor Rotunda Building, P J Tower Plot No.C-1, G Block Dalal Street Bandra-Kurla Complex Mumbai 400 001 Bandra (East), Mumbai 400 051 BSE Code: 532977 NSE Code: BAJAJ-AUTO Sub: Letter of Offer in relation to the buyback of fully paid-up equity shares of Bajaj Auto Limited (“Company”). Dear Sir/ Madam, This has reference to our letter dated 22 June 2026, wherein we had submitted the public announcement dated 19 June 2026, which was published on 22 June 2026, in relation to the buyback of up to 46,94,000 (Forty Six Lakh Ninety Four Thousand) fully paid-up equity shares of the Company, having face value of INR 10/- (Indian Rupees Ten only) each (“Equity Shares”), at a price of INR 12,000/- (Indian Rupees Twelve Thousand only) per Equity Share, payable in cash, for an aggregate amount of up to INR 5,632,80,00,000/- (Indian Rupees Five Thousand Six Hundred Thirty Two Crore and Eighty Lakh only) (excluding Transaction Costs), on a proportionate basis through the tender offer route in accordance with the Companies Act, 2013, as amended, and rules made thereunder, the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”) and other applicable laws (“Buyback”). We are pleased to submit herewith the letter of offer dated 29 June 2026 (“Letter of Offer”) for your reference and dissemination. You are requested to take note of the following schedule of activities in relation to the Buyback: ACTIVITY DATE DAY Buyback Opening Date 1 July 2026 Wednesday Buyback Closing Date 7 July 2026 Tuesday Last date of receipt of completed Tender Forms and 7 July 2026 Tuesday other specified documents by the Registrar to the Buyback Last date of settlement of bids on the Stock 14 July 2026 Tuesday Exchanges Note: Where last dates are mentioned for certain activities, such activities may happen on or before the respective last dates. All capitalised terms used herein and not specifically defined shall have the same meaning as ascribed to such terms in the Letter of Offer. This is for your information and records. Registered Office Akurdi Pune 411035 India CIN L65993PN2007PLC130076 investors@bajajauto.co.in Thanking you. For Bajaj Auto Limited Rajiv Gandhi Company Secretary & Compliance Officer ACS 11263 Encl.: As above Registered Office Akurdi Pune 411035 India CIN L65993PN2007PLC130076 investors@bajajauto.co.in LETTER OF OFFER THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION This Letter of Offer (as defined below) is being sent to you as a registered equity shareholder/ beneficial owner of Equity Shares (as defined below) of Bajaj Auto Limited (“Company”) as on the Record Date (as defined below) in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”). If you require any clarifications about the action to be taken, you may consult your stockbroker or investment consultant or the Manager to the Buyback (as defined below), or the Registrar to the Buyback (as defined below). Please refer to the section on “Definition of Key Terms” for the definitions of the capitalized terms used herein. BAJAJ AUTO LIMITED Registered Office: Bajaj Auto Ltd Complex, Mumbai Pune Road, Akurdi, Pune - 411 035; Corporate Identification Number (CIN): L65993PN2007PLC130076; Tel: 020-6610 4481; Fax: 020-2740 7380; Email: investors@bajajauto.co.in; Website: www.bajajauto.com Contact Person: Mr. Rajiv Gandhi, Company Secretary and Compliance Officer OFFER TO BUYBACK UP TO 46,94,000 (FORTY SIX LAKH NINETY FOUR THOUSAND) FULLY PAID-UP EQUITY SHARES OF THE COMPANY HAVING FACE VALUE OF INR 10/- (INDIAN RUPEES TEN ONLY) EACH (“EQUITY SHARES”), REPRESENTING UP TO 1.68% OF THE TOTAL NUMBER OF EQUITY SHARES IN THE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY, FROM THE EQUITY SHAREHOLDERS/ BENEFICIAL OWNERS OF EQUITY SHARES AS ON WEDNESDAY, JUNE 24, 2026 (“RECORD DATE”), ON A PROPORTIONATE BASIS THROUGH THE TENDER OFFER ROUTE AS PRESCRIBED UNDER THE BUYBACK REGULATIONS, AT A PRICE OF INR 12,000/- (INDIAN RUPEES TWELVE THOUSAND ONLY) PER EQUITY SHARE, PAYABLE IN CASH, FOR AN AGGREGATE AMOUNT OF UP TO INR 5,632,80,00,000/- (INDIAN RUPEES FIVE THOUSAND SIX HUNDRED THIRTY TWO CRORE AND EIGHTY LAKH ONLY) EXCLUDING TRANSACTION COSTS (“BUYBACK”). 1) The Buyback is being undertaken pursuant to Article 40 of the Articles of Association of the Company and the provisions of Sections 68, 69, 70 and all other applicable provisions, if any, of the Companies Act, the relevant rules framed thereunder including the Share Capital Rules and the Management and Administration Rules, and in compliance with the Listing Regulations, to the extent applicable, the Buyback Regulations read with the SEBI Circulars, and subject to such other approvals, permissions, consents, exemptions and sanctions, as may be necessary and subject to any conditions and modifications, if any, as may be prescribed or imposed by the statutory, regulatory or governmental authorities as required under applicable laws, including but not limited to SEBI, ROC, the stock exchanges where the Equity Shares are listed i.e., BSE and NSE, and/ or other authorities, institutions or bodies, as may be necessary and subject to such conditions and modifications as may be prescribed or imposed while granting such approvals, permissions, consents, exemptions and sanctions, which may be agreed by the Board. 2) The Buyback Size constitutes 16.93% and 15.59% of the aggregate of the fully paid-up equity share capital and free reserves of the Company as per the latest audited standalone financial statements and audited consolidated financial statements of the Company as on March 31, 2026, respectively, which is within the statutory limit of 25% of the aggregate of the fully paid-up equity share capital and free reserves of the Company based on the audited standalone financial statements and audited consolidated financial statements of the Company as on March 31, 2026, under the shareholders’ approval route as per the provisions of the Companies Act and Buyback Regulations, and represents up to 1.68% of the total number of Equity Shares in the paid-up equity share capital of the Company as on March 31, 2026. 3) In accordance with the Buyback Regulations, this Letter of Offer is being sent electronically to the equity shareholders/ beneficial owners holding Equity Shares of the Company as on the Record Date (“Eligible Shareholders”). Further, in terms of Regulation 9(ii) of the Buyback Regulations, if the Company receives a request from any Eligible Shareholder to dispatch a copy of this Letter of Offer in physical form, the same shall be provided. 4) The procedure for tender and settlement is set out in paragraph 20 (Procedure for Tendering Shares and Settlement) of this Letter of Offer. The Form of Acceptance-cum- Acknowledgement (“Tender Form”) along with the share transfer form (“Form SH-4”) is enclosed together with this Letter of Offer. 5) For details of the procedure for Acceptance, please refer to paragraph 19 (Process and Methodology for the Buyback) of this Letter of Offer. For mode of payment of consideration to the Eligible Shareholders, please refer to paragraph 20 (Procedure for Tendering Shares and Settlement) of this Letter of Offer. 6) Eligible Shareholders are advised to read this Letter of Offer and in particular, refer to paragraph 17 (Details of Statutory Approvals) and paragraph 21 (Note on Taxation) of this Letter of Offer before tendering their Equity Shares in the Buyback. 7) A copy of the Public Announcement and this Letter of Offer (along with the Tender Form and Form SH-4) shall be/ expected to be available on the websites of the Company (www.bajajauto.com), the Manager to the Buyback (https://investmentbank.kotak.com/), R [Showing first 8,000 characters — download PDF for full document]