Mr Rahul Bajaj’s appointment as non-executive chairman got here into impact from April 1
Bajaj Auto chairman Mr Rahul Bajaj resigned from the manager position on Thursday, April 29. Mr Niraj Bajaj, Nonexecutive Director of the Company can be appointed because the Chairman of Bajaj Auto, with impact from May 1, 2021, changing Mr Rahul Bajaj. According to a regulatory submitting by the auto main to the BSE right now, Mr Rahul Bajaj, contemplating his age, tendered his resignation as non-executive Director and Chairman of the corporate. Mr Rahul Bajaj’s appointment as non-executive chairman got here into impact from April 1, 2021, and has now stepped down from the position on the finish of the present time period. (Also Read: Bajaj Auto Chairman Rahul Bajaj To Step Down From Executive Role )
”Shri Rahul Bajaj, Non-executive Chairman of the Company, having been on the helm of the Company since 1972 and the Group for 5 many years, contemplating his age, has tendered his resignation as non-executive director and Chairman of the Company with impact from shut of enterprise hours on 30 April 2021,” mentioned Bajaj Auto in its assertion right now. Mr Rahul Bajaj has been a director of the corporate since April 1, 1970, in line with Bajaj Auto. He was final reappointed by the board of the corporate for a five-year time period beginning April 1, 2015.
Bajaj Auto mentioned that Mr Rahul Bajaj’s has made a large contribution to the corporate’s progress during the last 5 many years. Considering his wealthy expertise and within the curiosity of the corporate’s profit to derive from his data, the Board of Directors accepted the appointment of Mr Rahul Bajaj as Chairman Emeritus of the Company for a time period of 5 years with impact from May 1, 2021. This can be taken up on the forthcoming annual assembly for the approval of shareholders. (Also Read: Bajaj Auto Profit Rises 15% To ₹ 1,551 Crore In March Quarter; Shares Decline )
Bajaj Auto reported a consolidated internet revenue of Rs 1,551.28 crore within the January-March quarter of the monetary yr 2020-21, marking a 14.57 per cent improve from Rs 1,353.99 crore within the corresponding quarter final yr. The firm’s whole income from operations jumped 26 per cent to Rs 8,596.10 crore. On Thursday, Bajaj Auto shares settled 1.44 per cent decrease at Rs 3,834.25 apiece on the BSE.
