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.
Bajaj Auto announced that Rahul Bajaj 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 Board has approved the appointment of Rahul Bajaj as Chairman Emeritus of the Company for a term of five years with effect from 1 May 2021.
Niraj Bajaj, Non Executive Director of the Company has been appointed as Chairman of the Company with effect from 1 May 2021.
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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.
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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.