By siliconindia | Friday, 30 April 2021, 07:18 Hrs Bajaj Auto announces that Rahul Bajaj decides to resigns as the non-executive director and chairman of the firm. He has been named as Chairman Emeritus of Bajaj Auto for a tenure of five years with effect from May 1. In an exchange filing, the company states that Niraj Bajaj, Non-executive Director of Bajaj Auto has been appointed as its chairman with effect from May 1. The company states that Rahul Bajaj, who has been at the helm of the company since 1972 and of the Bajaj Group for five decades, has tendered his resignation considering his age. His resignation would come into effect from close of business hours on April 30, 2021.
Niraj Bajaj to take over as Chairman of Bajaj Auto
April 29, 2021
Niraj Bajaj×
Rahul Bajaj made Chairman Emeritus of the company for a term of five years with effect from May 1
Bajaj Auto on Thursday said that Rahul Bajaj will be stepping down as the Non-Executive Director and Chairman of the company with effect from the close of business hours on April 30, 2021.
In place of Rahul Bajaj, the outgoing chairman of the company, Niraj Bajaj, Non-Executive Director of the Company has been appointed as Chairman of Bajaj Auto with effect from May 1, 2021, the company said in a regulatory filing.
“Rahul Bajaj, Non-executive Chairman, having been at the helm of the company since 1972 and the Group for five decades, considering his age, has tendered his resignation as non-executive director and Chairman of the Company with effect from close of business hours on 30 April 2021,” the filing said.
Highlights
Niraj Bajaj has been appointed as the non-executive Director of the company.
Alongside the big announcement, Bajaj Auto also released its earnings for Q4 FY21 on Thursday.
On Thursday, Bajaj Auto announced that Rahul Bajaj will be stepping down from his role as the company’s Non-Executive Director and Chairman with effect from the close of business hours on April 30, 2021.
Bajaj has announced that Rahul will become the Chairman Emeritus of the company for five years after he resigned as its Non-Executive Chairman. Meanwhile, Niraj Bajaj will sit at the helm of the company with effect from May 1, as the non-executive Director of the company.
Rahul Bajaj steps down as Bajaj Auto chairman, Niraj Bajaj to take over from May 1
Rahul Bajaj steps down as Bajaj Auto chairman, Niraj Bajaj to take over from May 1
Rahul Bajaj has resigned as the chairman of Bajaj Auto. Niraj Bajaj has been appointed as the new chairman of the company with effect from May 1.
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Rahul Bajaj has resigned as the chairman of Bajaj Auto.
Rahul Bajaj has resigned as the chairman of Bajaj Auto, said the company in a regulatory filing on Thursday. The company announced that Bajaj will step down as the non-executive director and chairman of Bajaj Auto with effect from April 30, 2021.
Rahul Bajaj resigns as chairman of Bajaj Auto citing age, to become chairman emeritus
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Synopsis
Niraj Bajaj, presently a director on the company’s board will take over as the non-executive chairman.
Bajaj Auto owing to his age after being at the helm of the company since 1972. He will assume the role of chairman emeritus of the company from 1 May, according to a company statement.
Niraj Bajaj, presently a director on the company’s board will take over as the non-executive chairman.
“Shri Rahul
Bajaj has made a huge contribution to the success of the company and the group over the last five decades,” read a stock exchange notice from Bajaj Auto.