Interim report
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■ To The Manager Listing Department • BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street. Mumbai - 400 001 SCRIP CODE: 500034 Dear Sir/Madam, To The Manager Listing Department .FINANCE 19 October 2026 National Stock Exchange of India Limited Exchange Plaza, C-1. Block G, Sandra - Kurla Complex, Sandra (East) Mumbai - 400 051 SCRIP CODE: BA:JFINANCE - EQ • Sub: Outcome of Meeting of ~oard of Directors In terms of provisions of Regulation 30 read with Regulation 51 (Part A and Part B of Schedule Ill) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, ('SEBI Listing Regulations'), as amended, this is to inform you that the Board of Directors of the Company, at their meeting held today, Le., 19 October 2026, have approved the unaudited standalone and consolidated financial results of the Company prepared as per Indian Accounting Standard (Ind AS) for the quarter and half year ended 30 September 2026. Following documents are enclosed herewith: 1. A copy of the said financial results along with Limited review reports pursuant to Regulation 33 and Regulation 52 of SEBI Listing Regulations. The Limited Review reports are submitted with unmodified opinion(s). 2. Details as per Regulation 52(4) of SEBI Listing Regulations; 3. Press release regarding financial performance; 4. Certificate of Security Cover pursuant to Regulation 54(3) of the SEBI Listing Regulations read with SEBI Master Circular SEBI/ H0/17 /11/12(2)2026-DDHS POD1/l/22420/2026 dated 28 September 2026; 5. Certificate on use of proceeds from issue of commercial papers; 6. A statement as per Regulation 52(7) and (7A) of the SEBI Listing Regulations read with SEBI Master circular dated 11 July 2025; and 7. Statement of Related Party Transactions pursuant to the provisions of Regulation 23(9) of SEBI Listing Regulations. The results are also being uploaded on the website of the Company and will also be published in the newspapers in the prescribed format. BA:JA:J FINANCE LIMITED https ://www.aboutbajajfinserv.com/finance-about-us Registered Office: 4th Floor, Bajaj Finserv House. Off Pune-Ahmednagar Road, Viman Nagar. Pune - 411014 Corporate Office Extn.: 3rd Floor . Panchshil Tech Park, Viman Nagar. Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +9120 7157 6364 Cornorate ID No.: L65910MH1987PLC042961 I Email 10: investor.servicelcilbaiaifinserv.in
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■ .FINANCE The Board Meeting today commenced at 16.15 Hrs. 1ST and the financial results for the quarter and Half year ended 30 September 2026 were approved at /.6_: S:5Hrs. 1ST. The proceedings of the Board Meeting are in progress at the time of filing of this disclosure. We request you to kindly take the same on record. Thanking you, For Bajaj Finan 1~v . Company Se etary Email ID: invesior.service@bajajfinserv.in Cc: Catalyst Trustee Ltd. (Debenture Trustee, Pune) Encl.: As above BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/fi nance-about-us Registered Office: 4th Floor, Bajaj Finserv House. Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411014 Corporate Office Extn.: 3rd Floor, Panchshil Tech Park. Vim an Na gar. Pune - 411 014 Tel: +91 20 7157 6403 j Fax: +91 20 7157 6364 Coroorate ID No.: L65910MH1987PLC042961 I Email ID: investor.servicelcilbaiaifinserv.in
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Price Waterhouse LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park Dadar (West) Mumbai 400 028 Kirtane & Pandit LLP Chartered Accountants 30, First Floor, Grover Tower-I Shivaji Marg, Moti Nagar Delhi 110 015 Independent Auditors' Review Report on Unaudited Standalone Financial Results for the quarter and half year ended September 30, 2026 of Bajaj Finance Limited pursuant to the Regulations 33 and Regulations 52 read with regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Bajaj Finance Limited, 1. We have jointly reviewed the accompanying unaudited standalone financial results of Bajaj Finance Limited (the "Company") for the quarter ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30 , 2026 , which are included in the accompanying 'Statement of unaudited Standalone financial results for the Quarter and Half year ended 30 September 2026' , the standalone statement of assets and liabilities (Balance Sheet) as on that date and the standalone statement of cash flows for the half-year ended on that date (the "Statement") being submitted by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), including relevant circulars issued by the Securities and Exchange Board of India ("SEBI") from time to time. We have initialed the Statement for identification purposes only. 2. The Statement, which is the responsibility of the Company 's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 (the "Act"), the circulars, guidelines and directions issued by the Reserve Bank of India ("RBI") from time to time (the "RBI Guidelines") and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not perform ed an audit and accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, the RBI Guidelines and other accounting principles generally accepted in India and has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 and Regulation 52·read with Regulation 63(2) of the Listing Regulations, 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement , or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of Income Recognition, Asset Classification, Provisioning and other related matters, to the extent those are not inconsistent with the Indian Accounting Standards prescrib ed under Section 133 of the Act. For Price Waterhouse LLP Firm Registration Number: 301112E/E300264 Chartered Accountants Sharad Agarwal Partner Membership Number : 118522 UD ...:;~ ~::::::::S-'.:.: 125 For Kirtane & Pandit LLP Firm Registration Number: 105215W/W100057 Chartered Accountants &?1 Chirag Garg Partner Membership Number: 540579 ; UDIN: 26540579UGMASL3005 Place: Pune Date: October 19, 2026
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Bajaj Finance Limited Statement of unaudited Standalone financial results for the Quarter an d Half year ended 30 September 2026 Standalone Statement of Profit and Loss (tin crore) Quarter ended Half year ended Year en ded Particulars 30.09.2026 30.06 .202 6 30.09.2025 30. 09.2026 30.09 .2025 31.03 .2026 (Unaudited) (Una udite d) (Unaudited) (Unaudited) (Unaudited) (Audi ted) 1 Income (a) Revenue from ope ration s Interest income 18,549.14 17.369.35 14,968.60 35,918.49 29.459.24 61.357.11 Fees and commission income 2,198.54 2,227.68 1.679.03 4.426 .22 3,369 .00 7,318.78 Net gain on fair val ue changes 42.84 72.99 64.41 115.83 232.38 336.93 Sale of services 1.13 1.17 (1.49) 2.30 5.05 10.62 Income on derecognised (assigned) loans - - 182.54 - 265.17 364.02 Other operating inc ome 99.01 131.24 109.77 230.25 220 .12 463 .33 Total reve nue from operations 20,890 .66 19,802.43 17,002.86 40,693.09 33,550.96 69.850.79 (bl Other income 28.74 0.67 1.67 29.41 2.24 3.16 Total income 20,919.40 19,803.10 17,004 .53 40,722.50 33,553.20 69,853.95 2 Expenses (a) Finance costs 6,398.84 5,874.34 5,242.94 12,273.18 10.463.99 21.416.98 [b) Fees and comm ission expense 1,005.58 1,050.18 834.64 2,055.76 1.601.31 3.649.97 (c) Impa irment on financial instruments 2,130.51 1.976.86 2,036.77 4,107.37 3,966 .37 9,289 .84 (d) Employee benefits expense 2.494 .95 2.455.13 1,986.57 4,950.08 3,921.47 8,285.80 (el Depreciation and amorti sation expenses 303.01 270.15 241.55 573.16 477.35 942.19 (f) other expenses 1.165.70 1.013.58 958.78 2,179.28 1.873.16 3,763.65 Total expenses 13.498 .59 12,640.24 11,301.25 26,138.83 22,303.65 47,348. 43 3 Profit before exceptional item s and tax (1-2) 7.420.81 7,162.86 5,703.28 14,583 .67 11,249.55 22,505.5 2 4 Except ional Items (refer note no. 8) (a) Gain on sale of shares of subsidiary - - - - - 1.416.38 (b) Charge of New Labour Codes - - - - - (250.0 0) Tota l of except ion al items - - - - - 1,166.38 5 Profit before tax (3+4) 7.420 .81 7,162.86 5,703 .28 14,583.67 11,249 .55 23,6 71.90 6 Tax expe nse (a) Current tax 1,947.00 2,217.00 1,338.50 4,164.00 2,991.00 6,230.00 (b) Defe rre d tax (cre dit) /cha rge (62.29) (399.66) 114.01 (461.95) (125.30) (361.97) Tota l tax expense 1,884 .71 1,817.34 1,452.51 3,702.05 2,865.70 5,868.03 7 Profit after tax (5-6) 5,536 .10 5,345 .52 4,2so .n 10,881. 62 8,383.85 17,80 3.87 8 Other comprehensive income (<1) Items that will nQt be recla ssifi ed to grQfit or loss - Remeasurement gains/(losses) on defined benefit plans 18.92 (11.57) (50.16) 7.35 (56.50) 35.32 -Tax impact on above (4.76) 2.91 12.62 (1.85) 14.22 (889) -Changes in fai r value of fair value throug h DCI (FVOCI) equ ity instruments (2.80) 41.70 16.08 38.90 1.25 (20.72) -Tax impact on above 0.39 (5.96) (2.30) (5.57) (0.18) 2.95 (bl Items that will be r!lQl<1ssifi ed tQ grQfit Qr IQSS -Cha nges in fa ir value of FVOCI debt securities (264.92) 218.12 (210.61) (46 .80) (83.62) (380 .12) -Tax impact on above 66.68 (54.90) 53.01 11.78 21.05 95.68 -Cas h flow hedge rese rve 172.06 (10.60) (0.17) 161.46 (4.85) 286 .30 -Tax impa ct on above (43.30) 2.66 0.04 (40.64) 1.22 (72.06) -Cost of hedging reserve 12.20 (16.51) 0.93 (4.31) 9.97 14.84 -Tax impact on above 4.41 11.56 2.49 15.97 2.52 7.72 Tota l other compr ehe nsive inco me, net of tax (41.12) 177.41 (178.07) 136.29 (94.92) (38. 98) 9 Total comprehensive income for the period (7+8) 5,494.98 5,522.93 4,072 .70 11,017 .91 8,288.93 17,76 4 .89 10 Paid-up equity share capital (Face value of t 1) 622.39 622.09 621.51 622.39 621.51 621.79 11 Other equity 110,286.41 92,699 .92 102,50D.55 12 Earn ing s per sha re (not annualised] Basic (t) 8.90 8.60 6,84 17.49 13.50 28.65 Diluted (t) 8.87 8.57 6.82 17.45 13.46 28.56
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Bajaj Finance Limited Statement of unaudited Standalone financial results for the Quarter and Half year ended 30 September 2026 Notes: 1 Disclosure of stan dalon e statement of assets and liabilities (Balance Sheet) as per Regulation 33 and 52 of the SEBI (List ing Obligations and Disclosure Requirements) Regulations. 2015: (~ in crore) As at Asat Asat Particulars 30.09.2026 30.09.2025 31.03.2026 (Unaudite d) (Unaudited) (Audited) A Assets 1 Financial assets (a) Cash and cash equivalents 1,663.22 1,538 .20 1.633.88 (bl Bank balances other t han cash and cash equivalent s 10,691.91 9,024.84 11.471.94 [c) Derivative financia l instrument s 2,831.67 792.91 2,385 .16 (d) Trade receivables 1.608.75 1.359.00 1.575.76 (el Loans 422,268.02 332,545.45 367,225.96 (fl Investments 39,701.07 41.772.38 38,074.37 (g) Other financial assets 4,973.49 3,234.57 4,172.73 Sub-total - Financial assets 483,738.13 390,267.35 426,539.80 2 Non-financial assets [a) Current tax assets (net) 224.32 219.79 202 .08 [b) Deferred tax assets [net) 1.872.09 1,208.27 1.430.44 (cl Property, plant and equipment 3,108.01 2,503.50 2,680.61 [d) Capital work-in-progress 75.74 33.39 61.83 (el Intangible assets unde r development 169.80 102.34 57.43 (f) Intangib le assets 920.24 933.42 1.043.69 (g) Other non-fi nancia l assets 640.67 396.42 187.43 Sub-total - Non-financial assets 7,010.8 7 5,397.13 5,663.51 Total - Assets 490,749.0 0 395,664.48 432,203.31 B Liabilities and equity Liabilities 1 Financial liabilities (a) Derivative financial instruments 108.95 11.08 - (b) Trade payables Total outstanding dues of micro enterprises and small enterprises 2.85 2.42 0.91 Total outstanding dues of credito rs other than micro enterprises and small enterp rises 1,787.79 1,244.24 1.280.50 [c) Other payables Total outstanding dues of micro enterprises and small enterpr ises 2.17 3.26 0.33 Total outstanding dues of creditors other than micro enterprises and small enterprises 1.069.20 762.48 994.95 (d) Debt securities 166,383.07 130,052.69 133,527.08 [e) Borrowings [other than debt securities) 133,864.42 94,026.29 118,000.45 (fl Deposits 69,671.82 69,717.82 68.485.55 (g) Subordinated debts 724.82 3,013.25 2,805.31 [h) Other financial liabilities 3,652.88 1.773.42 2.496 .50 Sub-total - Financial liabilities 377,267.97 300,606.95 327,591.58 2 Non-financial liabilities (a) Current tax liabilities (net) 1.007.18 818.97 175.54 (b) Provisions 871.16 527.05 673.26 (cl Other non-financial liabiliti es 693.89 390.08 640.59 Sub-total - Non-financial liabilities 2,572.23 1,736.10 1,489.39 3 Equity (a) Equity share capital 622.39 621.51 621.79 (b) Other equity 110,286.41 92,699.92 102,500.55 Sub-total - Equity 110,908.80 93,321.43 103,122.34 Total - Liabilities and equity 490,749.0 0 395,664.48 432,203.31
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Bajaj Finance Limited Statement of unaudited Standalone financial results for the Quarter and Half year ended 30 September 2026 Notes: 2 Disclosure of sta ndalon e state ment of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requireme nts) Regulations. 2015: (t in cro re) Half year ended Vear ended 30.09.2026 30.09.2025 31.03 .2026 Particulars (Unaudite d) (Unaudited) (Audited) A. Operating activities Profit before tax 14,583.67 11,249.55 23,671.90 Adjustments for: Interest income (35,918.49) (29.459.24) (61,357.11) Depreciation and amortisation expenses 573.16 477.35 942.19 Impairment on financial instruments [Gross of recoveries) 4,583.28 4,296.37 10,076.03 Net loss on disposal of property. plant and equipment and intangible assets 22.20 7.52 17.16 Finance costs 12,273.18 10.463.99 21.416.98 Share based payment expe nses 202.21 202.12 394.32 Net gain on fair value changes (115.83) (232.38) (336.93) Service fees for management of assigned portfolio of loans (230) (5.05) (1062) Income on derecognised [assigned) loans - (265.17) (364.02) Exceptional items [gain on sale of shares of subsidiary) - - (1,416.38) Dividend income (0.52) (1.14) (4.50) (3,799.44) (3,266.08) (6,9 70.98) Cash inflo w from intere st on loans 34,956.35 28,614.53 59,564.64 Cash inflow from intere st on investments 963 .73 1.241.74 2,642.81 Cash inflow from servicing of assigned loans 6.64 30.28 25.13 Cash outflow towards finance cost (12,191.08) (8.58122) (19,238.05) Cash generated from operation before working capital changes 19,936 .20 18,039.25 36,023.55 Working capital changes: [Increase) / decrease in bank balances other than cash and cash equ ivalents 989.99 (72.30) (2,595 .90) (Increa se) / decrease in trade receivab les (36.84) 63.62 (195.46) (Increase) / decrease in loans (60,851.27) (33,636.12) (75,582.46) [Increase) / decrease in invest ments classif ied as FVTPL (3,269.65) 2,961.83 5,065.58 [Increase)/ decrease in other financial assets 201.26 216.91 6°76.30 (Increa se) / decrease in other non-fina ncial assets (445.82) (158.10) 52.05 Increase/ (decrease) in tra de payab les 509.23 125.55 160.30 Increase/ (decrease) in other payab les 76.09 (40.87) 188.67 Increase/ (decrease) in other financial liabilities 782.91 65.19 684.74 Increa se / (decrease) in provisions 198.97 6.28 225.55 ' Incre ase / (decrease) in other non-financial liabiliti es 53.30 (103.04) 147.47 (61,791.83) (30,571.05) (71,173.16) Income tax paid (net of refunds) [3,354.36) [2,042.22) (5,704.17) Net cash used in operating activities (A) (45,209.9 9) (14,574.02) (40,853.78) B. Investing activities Purch ase of property, plant and equipment and capita l work-in-progress (354.02) (206 00) (515.71) Sale of property, plant and equipme nt and intangible assets 31.60 31.48 59.06 Purchase of intangible assets and intangible assets under development (191.59) (141.65) (382.26) Purchase of investments measured at amortised cost (8,495.69) (7,108.11) (15,756.03) Proceeds from liquidat ion of investments measured at amortised cost 8,518.55 7,171.71 15,862.63 Purchase of investment s measure d und er fair value through other comprehe nsive income (FVOCI) [8,984.73) (23,012.37) (41,067.86 ) Proce eds from liquidation of investments classified as FVOCI 10,788.55 20.634.08 39,834.74 Purchase of equi ty investments designated under FVOCI (2019) (64.72) (6472) Proceeds from sale of equity investments designated under FVOCI 42.64 - 99.15 Divid end received 0.52 1.14 4.50 Proceed s from dilution of stake in subsidiary (net of expe nses and tax) - - 1,380.22 Investment in subsidiari es (100.00) (400.00) (600.00) Net cash generated from/ (used in) investing activities (B) 1,235.64 (3,094.44) (1,146.28)
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Bajaj Finance Limited Statement of una udited Standalone financial results fo r the Quarter and Half year end ed 30 September 2026 Notes: 2 Disclosure of sta ndalone state ment of cash flows as per Regulation 3'3 and 52 of the SEBI (Listing Obligations and Disclosu re Requirements) Regulations. 2015: (? in crore) Half year ended Year ended Particulars 30.09.2 026 30.09.2025 31.0 3.2026 (Unau dit ed) (Unaudited) (Audited) C. Financ ing activit ies Issue of equity share capital (inc luding securities premium) 295.20 309.42 435.92 Share based payment recovered from subsidiaries 3.68 6.99 13.22 Share issue expe nses - (3.47) (3.44) Dividends paid (3,730.36) (3.475 .82) (3.476.6 1) Payment of lease liability (123.19) (105.66) (220.19) Deposits receive d/(repa id) (net) 794.01 (2,629.13) (3,770.31) Short ter m borrowing availed/( repaid) (net) 2,241.37 (2,702.66) 3,697.11 Long term borrowing availed 60,893.27 37,575.09 77.917.12 Long te rm borrow ing repai d (16,370.29) (13,142.51) (34,333.29) Net cash generated from financ ing act ivit ies (C) 44,003 .69 15,832.25 40,2 59.53 Net increase/(decrease) in cash and cash equ ivalents (A+8+C) 29.34 (1.836.2 1) (1.740.53) Cash and cash equivalents at t he begi nning of the period 1.633.88 3,374.41 3,374.41 Cash and cash equivalents at the end of the period 1.663 .22 1.538 .20 1,6 33.88 Componen t s of cash and cash equivalents (? in cro re) Half year ended Year ended Particular s 30.09.20 26 30.09 .2025 31.0 3.2026 (Unaud ited) (Unaudited) (Audited) Cash and cash equivalents comprises of Cash on hand 13.17 29.64 10.42 Balance wit h banks in curr ent acc ounts 1.650.0 5 1.508.56 1.623.46 Tot al 1,663.2 2 1,538.20 1,6 33.88
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Bajaj Finance Limited Statement of unaudited Standalone financial results for the Quarter and Half year ended 30 September 2026 Notes: 3 The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19 October 2026 and subjected to limited review by joint statutory auditors. pursuant to regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The financial results of the Company have been prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act. 2013 read with the Companies (Indian Accounting Standards) Rules. 2015 as amended from time to time and other recognised accounting practices generally accepted in India along with the circulars , guidelines and directions issued by the Reserve Bank of India (RBI) from time to time. These financial results are available on the website of the Company viz. www.bajajfinserv.in/corporate-bajaj-finance and on the website of BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www .nseindia.com). 4 On 23 March 2026. the Board of Directors of the Company had approved issue of 3.472.439 equity shares of face value of'{ 1 each at applicable grant prices to BFL Employee Welfare Trust under Employee Stock Option Scheme. 2009 . Consequently , on 7 April 2026. the Allotment committee allotted the equity shares. 5 The shareholders of the Company had approved a final dividend of'{ 6 per equity share for the year ended 31 March 2026 at its 39th Annual General Meeting held on 30 July 2026. 6 On 28 August 2026. the Company has invested an amount of'{ 100 crore in Bajaj Financial Securities Ltd .. a wholly owned subsidiary of the Company. by subscribing to 64,935,061 equity shares of face value of'{ 10 each for cash at'{ 15.40 (including a premium of'{ 5.40) per share. offered on right basis. 7 The Board of Directors. at its meeting held on 1 October 2026 has approved raising of capital through a Qualified Institutions Placement (QIP) for an aggregate amount not exceeding '{ 11,700 crore by issue of equity shares of face value of'{ 1 each and Preferential Issue (Pl) of warrants convertible into equivalent number of equity shares to Bajaj Finserv Ltd .. the promoter and holding Company , for an aggregate amount not exceeding t 5,800 crore in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2018. as amended. the Companies Act. 2013. and the rules made thereunder. The above proposals are subject to regulatory/statutory approvals as may be required. including approval of the shareholders of the Company. 8 Exceptional item for the year ended 31 March 2026 includes: a) Gain of'{ 1.416.38 crore (net of selling expenses) on sale of 166.600.000 equity shares of one of its subsidiary viz. Bajaj Housing Finance Ltd. (BHFL) through open market mechanism by executing a bulk deal in secondary market. at an average price oft 95.31 each on 2 December 2025. as a step towards achieving minimum public shareholding requirement in BHFL. b) On 21 November 2025. the Government of India has notified four New Labour Codes by consolidating 29 existing labour laws. These changes have resulted in an estimated increase in the past service cost of gratuity by t 250 crore. Considering that the impact arising out of an enactment of the new legislation is a non-recurring event. the Company has presented this one-time charge under "Exceptional Item". 9 All the secured non-convertible debentures (NCO) of the Company including those issued during the half year ended 30 September 2026 are fully secured by hypothecation of book debts/ loan receivables to the extent as stated in the respective information memorandum. Additionally. the Company had mortgaged one of its offices in Chennai on pari passu charge against specific secured NCDs issued till November 2020. The Company has, at all times, for the secured NCDs, maintained sufficient asset cover as stated in the respective information memorandum towards the principal amount. interest accrued thereon, and such other sums as mentioned therein. 10 The Company is engaged primarily in the business of financing in India and accordingly there are no separate operating segments as per Ind AS 108 dealing with Operating Segments .
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Bajaj Finance Limited Statement of unaudited Standalone financial results for the Quarter and Half year ended 30 September 2026 Notes: 11 Disclosures pursuant to RBI Notification - RBl/202 0-21 / 16 DOR.No.BP.BC/3/21.04.048/2020-21. 'Resolution Framework for COVID-19-related Stress' dated 6 August 2020 and RBl/2021-22/31/DOR.STR.REC.11/21.04.048/2021-22, 'Resolu tion Frame work - 2.0: Resolution of Covid-19 related stress of Individual s and Small Businesses' dated 5 May 2021 Type of Exposure to accounts Of (A), aggregate borrower classified as Standard debt that slipped into consequent to NPA during the half implementation of year ended 30 resolution plan - September 2026 Position as at 31 March 2026(A) Personal Loans* 51.81 1.65 Corporate persons of which, MSMEs Others Total 51.81 1.65 Of (A) amount written off during the half year ended 30 September 2026 # 0.02 0.02 Of (A) amount paid by the borrowers during the half year ended 30 September 2026** 4.03 4.03 • Includ es restructuring impleme nted pursuant to OTR 2.0 for personal loans. individual business loans and small business loans # represents debt that slipped into stage 3 and was subsequent ly written off during the half year ended 30 September 2026. •• represent s receipts net of interest accruals and disbursements. if any (z in cro re) Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at 30 September 2026 46.13 46.13 12 Disclosures pertaining to RBI Direction - RBI/DOR/2025-26 /359 DOR.ACC.REC.No.278/2 1.04.018 /2025-26 - Reserve Bank of India (Non-Banking Financial Companies - Financial Statements: Presentation and Disclo sures) Directions, 2025 dated 28 November 2025, as amended : (I) Read with RBI/DOR/2025-26/352 DOR.STR.REC.271/21.04.048/2025-26, 'Master Direction - Reserve Bank of India (Non-Banking Financial Companies - Transfer and Distribution of Credit Risk) Directions. 2025' dated 28 November 2025 : Al Details of loans not in default Particulars Half year ended 30 September 2026 Amount of loans acquired through assignment z 1,801.33 crore z 7,274.00 crore Retention of beneficial economic interest 10% 1%-35% Acquired Weighted average residual maturity 29 month s 128 months Weighted average holding period 7 months 15 months Coverage of tangible security 0% 100% Rating-wise distribution of rated loans Unrated Unrated Transferred Nil Bl Details of stressed loans Acquired Nil Transferred Nil
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Bajaj Finance Limited Statement of unaudited Standalone financial results for the Quarter and Half year ended 30 September 2026 Notes: C) Detail s of Co-Lending Arrangements (CLA) as a Partner RE Sr No. Particulars As at 30 September 2026 1 Quantum of CLAs (i] Number of CLA partner s 3 (ii) Number of outstanding cases 45,632 (iii) Amount of Gross Outstanding (a!' in crore)* 1,368 .74 2 Weighted ave rag e rate of interest 17.01% 3 Fees paid during the quarter(~ in crore) 0.54 Used L;ar rInance , 4 Broad sectors in wh ich CLA was mad e Persona l Loan and Two whee ler 5 Performance of loans under CLA (a!' in crore)* (i) Stage I 1,361.62 (ii) Stage II 5.04 (iii) Stage Ill 2.09 Default loss guarantee 6 Details related to default loss guarantee upto 5% of total disbursement amount, wherever applicable *Net of write-off - The above disclosure covers both existing co-lending arrangements entered into under the extant guidelines and new co-lending arrangements undertaken pursuant to the revised co lending guidelines. (II) Read with RBI Direction - RBI/ DOR/ 2025-26 /357 DOR.STR.REC.276/ 21.04.048 /2025-26 Reserve Bank of India (Non-Banking Financial Companies - Resolution of Stressed Assets) Directions , 2025 and RBI/ DOR/ 2025-26 / 347 DOR.CRE.REC.No.266/ 07-01-008 /2025-26 - Reserve Bank of India (Non Banking Financial Companies-Credit Facilities) Directions, 2025 dated 28 November 2025 as amended: The Company has not lent any funds during the quarter and half year ended 30 September 2026 for project finance activities nor has any recoverable balance as at the same date. 13 Figures for the previous periods have been regrouped, wherever necessary, to make them comparable with the current period. 14 The Company has designated an exclusive email ID viz.investor .service@bajajfinserv.in for investor grievance redressal. Pune 19 October 2026 By order of the Board of Directors Rajeev :Jain naging Director DIN: 01550158 Registered Office: 4th Floor . Bajaj Finserv House. Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411014 CIN: L65910MH1987PLC042961 ~ Tel. : 020- 71576403 Fax: 020 71576364 , •· Email: investor .service@bajajfinserv.in I Website: https://www.aboutbajajfinserv.com/finance-abou -us
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Bajaj Finance Limited Disclosure in compliance with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 for Standalone financial results Particul ars For the quarter ended For the half year ended For the quarter ended For the half year ended 30 September 2026 30 September 2026 30 September 2025 30 September 2025 1. Debt-Equity ratio {Debt securities+Borrowings (other than debt 3.34 3.18 securities)+ Deposits +Subordinated debts}/ Total Equity 2. Outst anding redeemable preference shares (quantity and value) Nil Nil 3. Debenture Redemption Reserve Not Applicable Not Applicable 4. Capital Redemption Reserve Nil Nil 5. Net Worth (tin crore) [Total Equity] 110,908.80 93,321.43 6. Net Prof it after tax (t in crore) 5,536.10 10,881.62 4,250.77 8,383.85 7. Earnings per share [not annualised} Basic (t) 8.90 17.49 6.84 13.50 Diluted(~) 8.87 17.45 6.82 13.46 8. Total debts to total assets ratio {Debt securities+Borrowi ngs (other than debt 0.76 0.75 secu rit ies)+Oeposits+Subordinated debts}/ Total Assets 9. Net profit margin [Profit after tax/ Tota l Income] 26.46% 26.72% 25.00% 24.99% 10. Sector specific equivalent ratio. as applicable (A) Gross NPA (stage 3 asset, gross) ratio 1.33% 1.59% (Bl Net NPA (stage 3 asset. net) ratio 0.53% 0.77% (C) Capital to risk-weighted assets ratio (Calculate d as per RBI guidelines) 20.33% 21.23% (DJ Liqu idity Coverage Ratio (Calculated as per RBI guidelines) 214.0B% 255 .65% 290.98% 253.80 % Note: Debt service coverage ratio, interest service coverage ratio, current ratio. long term debt to working capital. bad debts to accounts rece ivable ratio, current liability ratio, debtors turnover, inventory turnover and operating margin rati o are not relevant as the Compa ny is engaged in financing activities. 0 . I /, ~ ~ / I
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Price Waterhouse LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park, Dadar (West) Mumbai 400 028 Kirtane & Pandit LLP Chartered Accountants 30, First Floor, Grover Tower-I Shivaji Marg, Moti Nagar Delhi no 015 Independent Auditors' Review Report on Unaudited Consolidated Financial Results for the quarter and half year ended September 30, 2026 of Bajaj Finance Limited pursuant to the Regulations 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of Bajaj Finance Limited, 1. We have jointly reviewed the accompanying unaudited consolidated financial results of Bajaj Finance Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group"), its share of the net profit after tax and total comprehensive income of its associates for the quarter ended September 30, 2026 and the year to date results for the period April 01, 2026 to September 30, 2026, which are included in the accompanying 'Statement of unaudited Consolidated financial results for the Quarter and Half year ended 30 September 2026', the consolidated statement of assets and liabilities (Balance Sheet) as on that date and the consolidated statement of cash flows for the half year ended on that date (the "Statement"), being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations , 2015, as amended (the "Listing Regulations, 2015"), including relevant circulars issued by the Securities and Exchange Board of India (SEBI) from time to time. We have initialed the Statement for identification purposes only. 2. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company 's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 (the "Act"), the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time ("RBI Guidelines ") and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. Accordingly, we do not express an audit opinion . We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the Listing Regulations, 2015 to the extent applicable. 4. The Statement includes the results of the following entities: Holding Company Bajaj Finance Limited Subsidiaries i. Bajaj Housing Finance Limited ii. Bajaj Financial Securities Limited Associates 1. Snapwork Technologies Private Limited 11. Pennant Technologies Private Limited
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Price Waterhouse LLP Chartered Accountants 252, Veer Savarkar Marg Shivaji Park, Dadar (West) Mumbai 400 028 Kirtane & Pandit LLP Chartered Accountants 30, First Floor, Grover Tower-I Shivaji Marg, Moti Nagar Delhi 110 015 5. Based on our review conducted and procedures performed as stat ed in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement has not been prepared in accordance with recognition and measurement principles laid down in Ind AS 34, prescribed under Section 133 of the Companies Act, 2013, the RBI Guidelines and other accounting principles generally accepted in India, and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations , 2015, including the manner in which it is to be disclosed, or that it contains any material misstatement, or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of Income Recognition, Asset Classification, Provisioning and other related matters, to the extent those are not inconsistent with the Indian Accounting Standards prescribed under Section 133 of the Companies Act, 2013. 6. The interim financial results of two subsidiaries, included in the Statement, reflect total assets of Rs. 159,276.67 Crore as at September 30, 2026 and total revenues of Rs. 3,618.54 Crore and Rs. 7,002.65 Crore and total net profit after tax of Rs. 821.28 Crore and Rs. 1,586-41 Crore and total comprehensive income of Rs. 815.75 Crore and Rs. 1,592.93 Crore for the quarter ended September 30, 2026 and for the period from April 01, 2026 to September 30 , 2026, respectively, and cash flows (net) of Rs. (111.13) Crore for the period from April 01, 2026 to September 30, 2026, as considered in the Statement. These interim financial results have been reviewed by other auditors and their reports, vide which they have issued an unmodified conclusion on those financial results, have been furnished to us by the Holding Company's Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based on the reports of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of the above matter . 7. The Statement includes the Group 's share of net profit after tax of Rs. 3.73 Crore and Rs. 8.84 Crore and total comprehensive income of Rs. 3. 73 Crore and Rs. 8. 76 Crore for the quarter ended September 30, 2026 and for the period from April 01, 2026 to September 30, 2026, respectively, as considered in the Statement, in respect of two associates, based on their interim financial information which have not been reviewed by their auditors. According to the information and explanations given to us by the Holding Company's Management, these interim financial information are not material to the Group . Our conclusion on the Statement is not modified in respect of the above matter. For Price Waterhouse LLP Firm Registration Number: 301112E/E300264 Chartered Accountants Sharad Agarwal Partner Membership Number: 118522 UDIN: 26118522YIXHLP7336 Place: Pune Date: October 19, 2026 For Kirtane & Pandit LLP Firm Registration Number: 105215W /W100057 Chartered Accountants Chirag Garg Partner Membership Number: 540579 UDIN: 26540579BLOEJU5469 Place: Pune Date: October 19, 2026
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Bajaj Finance Limited Statement of unaudited Consolidated financial results for the Quarter and Half year ended 30 September 2026 Consolidated Statement of Profit and Lo ss (~ in crore) Quarter ended Half year ended Year ended Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaud ite d) (Audited) 1 Income [a) Revenue from operations Interest income 21.93639 20.512.73 17.795.97 42.449.12 34.940.62 72,776.01 Fees and commission income 2,366.03 2,378.69 1,780.00 4,744.72 3,563.95 7.754.39 Net gain on fair value cha nge s 65.37 94.40 94.77 159.77 320.07 471.24 Sale of services 6.00 3.25 3.26 9.25 13.03 15.71 Income on de recognised (assigned) loan s 62.99 34.39 193.45 97.38 284 .97 465.46 Other operating income 109.59 141.99 122.97 251.58 240.45 499.57 Total revenue from operations 24,546.37 23,165.45 19,990.42 47.711.82 39,363.09 81,982.38 (b) Other income 29.45 0.97 1.96 30.42 5.72 7.12 Total income 24.575.82 23,166 .42 19,992.38 47,742.24 39,368.81 81,989.50 2 Expenses (a) Finance costs 8,601.73 7,942.09 7,010.60 16,543.82 13,927.46 28,665.95 (b) Fees and commission expense 1.009.33 1,053.44 835.72 2,062.77 1,603.21 3,658.10 (c) Impairm ent on fin ancial instruments 2,166.09 1,993.44 2.080.36 4,159.53 4,049.27 9.481.85 [d) Employee benefits expense 2,690.61 2,644.83 2,154.46 5,335.44 4,257.02 8,978.53 (el Depreciation and amortisatio n expenses 321.07 287.55 258.06 608.62 509.55 1.008.98 (fl Other expenses 1.253.52 1.101.18 1.048.35 2.354.70 2.050.63 4,130.68 Total expenses 16,042.35 15.022.53 13,387 .55 31,064.88 26,397 .14 55,924.09 3 Share of profit/(loss) from associates 3.73 5.11 3.30 8.84 4.04 16.46 4 Profit before exceptional items and tax (1- 2+3) 8,537.20 8,149.00 6,608.13 16,686.20 12,975.71 26,081.87 5 Exceptiona l Item s - Charge of New Labour Codes (refe r note no.BJ - - - - - (265.22) 6 Profit before tax (4+5) 8,537.20 8,149.00 6,608.13 16,686.20 12,975.71 25,816.65 7 Tax expense (a) Current tax -Cu rrent year 2,189.31 2.442.67 1,551.07 4,631.98 3.408.84 6,874.08 - Earlier years (0.42) - (0.24) (0.42) (0.24) 0.08 (b) Deferred tax (cred it)/charge (18.26) (374.27) 109.54 (392.53) (145.94) (389.87) Tota l tax expense 2,170.63 2,068.40 1.660.37 4,239.03 3,262.66 6.484.29 8 Profit after tax ( 6-7) 6,366.57 6,080.60 4,947.76 12,447.17 9,713.05 19,332.36 9 Other comprehensive income [a] Item~ that will no! Qsl r~sla~sifigd tQ prQfil Qr IQSS - Remeasu rem ent gains/(losses) on defined benefit plans 18.92 (11.56) (50.94) 7.36 (57.76) 35.38 -Tax impact on above (4.76) 2.91 12.82 (1.85) 14.54 (8.91) -Net remeasurement gains/(losses) on defined benefit plans - Share of associates - (0.09) (0.03) (0.09) (0.05) (0.15) - Changes in fair value of fair value through OCI (FVOCI) equity instruments (2.80) 41.70 16.08 38.90 1.25 (20.71) -Tax impact on above 0.39 (5.96) (2.30) (5.57) (0.18) 2.95 (b) Item s that will Qe r!;;g;las~ified to gcofit Qr loss -Changes in fair value of FVOCI debt securit ies (272.33) 234.23 (232.43) (38.10) (97.72) (408.74) -Tax impact on above 68.55 (58.96) 58.50 9.59 24.60 102.88 -Net other adjustments - Share of associates - - (0.12) - (0.15) (0.02) - Cash flow hedge reserve 172.06 (10.60) (0.17) 161.46 (4.85) 286.30 -Tax impact on above (43.30) 2.66 0.04 (40.64) 1.22 (72.06) -Cost of hedging reserve 12.20 (16.51) 0.93 (4.31) 9.97 14.84 -Tax impact on above 4.41 11.56 2.49 15.97 2.52 7.72 Total other comprehensive income, net of tax (46.66) 189.38 (195.13) 142.72 (106.61) (60.52) 10 Total comprehensive income for the period (8+9) 6,319 .91 6,269.98 4,752.63 12,589.89 9,606.44 19,271.84 Profit after tax for the period attributable to Owners of the Company 6,266.20 5,985.75 4,875.36 12,251.95 9,574.97 19,017.39 Non-control ling int erest 100.37 94.85 72.40 195.22 138.08 314.97 Other comprehensive inc ome for the period attributable to Owners of the Company (46.17) 188.00 (193.38) 141.83 (105.37) (58.20) Non-contro lling interest (0.49) 1.38 (1.75) 0.89 (1.24) (2.32) Total comprehensive income for the period attributable to Owners of the Company 6,220.03 6,173.75 4,68 1.98 12,393.78 9.469.60 18,959.19 Non-controlling int erest 99.88 96.23 70.65 196.11 136.84 312.65 11 Paid-up equity share capital (Face value of< 1) 622.39 622.09 621.51 622 .39 621.51 621.79 12 Other equ ity 122,557.36 102.591.96 113,377.23 13 Earnings per share (not annualised) Basic[<) 10.07 9.62 7.85 19.69 15.41 30.60 Dilut ed(<) 10.05 9.60 7.83 19.64 15.37 30.51
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Bajaj Finance Limited Statem ent of unaudited Consolid ated financial results for the Quarter and Half year end ed 30 September 2026 Notes: 1 Disclosure of conso lidated statement of assets and liab ilit ies (Balance Sheet) as per Regulatio n 33 and 52 of the SEBI (Listing Obligatio ns and Disclosure Requirements) Regulations. 2015: (~ in crore) As at Asat Asat Particulars 30.09.2026 30.09.202 5 31.03.2026 (Unaudit ed) (Unaudited) (Audited) A Assets 1 Financial assets (a) Cash and cash equivalents 1,815.11 1.681.40 1,896.90 (bl Bank balances other than cash and cash equ ivalents 13.762.89 10,319.32 13.858.42 (cl Derivative financia l instruments 2,831.67 800.72 2,391.86 (d) Trade receivab les 2,145.90 1.631.26 1,908.08 (el Loans 574.174.44 452,526 .98 498,943 .54 (fl Investme nts 31.744.03 33,750 .91 30,577.80 (gl Other fi nanc ial assets 5,605.73 3.445 .55 4,300.41 Sub-total - Financial assets 632 ,079.77 504,156.14 553,877.01 2 Non-financial assets (a) Current tax assets (net) 265 .85 273.07 229.59 (bl Deferred tax asset s (net) 1,928.93 1.328.91 1,560.07 (cl Property, plant and equ ipment 3,279.31 2,665.37 2,851.06 (d) Capital work -in-progress 75.74 33.39 61.83 (el Inta ngible assets under deve lopme nt 172.40 105 .27 57.58 (f) Goodwi ll 3.27 3.27 3.27 (gl Other intang ible assets 966.88 977.83 1,092.23 (h) Other non-fi nancial assets 670.37 417.51 219.72 Sub - total - Non-financial assets 7,362.75 5,8 04.62 6,075.35 Total - Assets 639,442 .52 509 ,960.76 559,952.36 B Liabilities and equity Liabilitie s 1 Financial liabilities (a) Derivative f inancial inst ruments 467.00 29.76 61.58 (bl Trade payab les Tota l outstanding dues of micro enterprises and small enterpr ises 2.85 2.60 0.91 Total out standi ng dues of credito rs other than micro enterprises and small enterprises 2,545.59 2,051.62 2.103.62 (cl Other payab les Tota l outsta nding dues of micro enterpr ises and small enterprises 2.17 3.26 0.33 Total outstanding dues of creditors other than micro enterp rises and small enterprises 1,233.70 895.17 1,173.47 (d) Debt securities 244.830 .95 187.447 .84 193.131.90 (e) Borrowings (other tha n debt securities) 186.672.39 137.174.03 170.642.53 (fl Deposits 69,753.70 69,765.81 68.532 .75 (g) Subord inated debts 724.82 3,013.25 2,805.31 (hl Othe r fina ncial liabilities 4,019 .94 2,032.88 2.796.16 Sub-total - Financial liabilities 510,2 53 .11 402,416 .22 441,248.56 2 Non-financial liabilit ies (a) Current tax liabil ities (net) 1.123.26 948.17 260.24 (b) Pro vi si ans 961.27 578.39 748.94 (cl Other non -financia l liabilities 739.62 419.61 709.08 Sub-total - Non -financial liabilities 2,824 .15 1,946.17 1,718.26 3 Equity (al Equity share capita l 622 .39 621.51 621.79 (bl Other equity 122,557.36 102,591.96 113,377.23 Equity attributabl e to owners of the Company 123,1 79.75 103,213 .47 113,999.02 (cl Non-contro lling interest 3,185.51 2.384 .90 2.986.52 Sub-total - Total equity 126,36 5.26 105,598.37 116,985.54 Total - Liabilities and equity 639,4 42. 52 509,960 .76 559,952.36
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Bajaj Finance Limited Statement of unaudited Consolidated financial results for the Quarter and Half year ended 30 September 2026 Notes: 2 Disclosure of consolidated statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015: (~ in crore) Half year ended Vear ended Particulars 30.09.2026 30.09.2025 31.03.2026 (Unaudited) (Unaudited) (Audited) A. Operating activities Profit before tax 16,686 .20 12,975.71 25,816 .65 Adjustments for: Interest income (42.449.12) (34,940.61) (72.776.01) Deprecia tion and amortisation expenses 608.62 509 .55 1.008 .98 Impairment on financial instruments (Gross of recoveries) 4,636.68 4,388.96 10,281.50 Net loss on disposal of property, plant and equipment and other intangible assets 22.72 7.92 18.34 Finance costs 16,543.82 13,927.47 28.665 -.95 Share based payment expenses 225.58 224 .80 439 .60 Net gain on fair value changes (159.77) (320.06) (471.24) Service fees for management of assigned portfolio of loans (9.25) (13.03) (15.71) Income on derecognised (assigned) loans (97.38) (284 .97) (465.46) Dividend income (0.52 ) (1 .14) (1.14) Share of (profit) / loss from associates (8.84) (4.04) (16.46) (4,001.26 ) (3,529.44) (7,515.00) Cash inflow from interest on loans 41.273.72 33 .900.50 70.393.75 Cash inflow from interest on investments 1.119.18 1.437.56 2,947.54 Cash inflow from servicing of assigned loans 19.79 43.02 51.39 Cash outflow towards finance cost (16,280 .62) (11,780.55) (25,946 .79) Cash generated from operation before working capital changes 22,130.81 20,071.09 39,930.89 Working capital changes: (Increase)/ decrease in bank balances other than cash and cash equivalents 335.00 (556.43) (4,124.26) (Increase) / decrease in trade receivab les (246.47) 282.58 (52.03) (Increase)/ decrease in loans (80,970 .92) (50 ,127.08) (103,794.27) (Increase) / decrease in investments classified as FVTPL (2,913.53) 3.164.69 6,212.53 (Increase) / decrease in other financial assets (304.09) 3.65 736.52 (Increase] / decrease in other non-financial assets (442.18) (162.14) 33.81 (Increase] / decrease in derivative financia l instruments (net) (60.31) 36.86 105.12 Increase/ (decrease) in trade payables 443.92 176.18 226.49 Increase/ (decrease) in other payables 62.08 (32.48) 242.89 Increase I (decrease) in other financial liabilities 850.03 64.86 724.18 Increase/ (decrease] in provisions 213.67 6.25 250.99 Increase / (decrease) in other non-financial liabilities 29.98 (113.00 ) 178.19 (83,002.82) (47,256.06) (99,259.84) Income tax paid (net of refunds) (3,803.29) (2,352.42) (6.460.85) Net cash used in operating activities (A) (64,675.30) (29,537.39) (65,789 .80) B. Investing activities Purchase of property. plant and equipment and capital work-in-progress (373 .54) (225.93) (560.03) Sale of property. plant arid equipment and other intangible assets 35.52 34.74 65.25 Purchase of intangible assets and intangible assets under development (200.89) (150.25) (401.07) Purchase of investments measured at amortised cost (50,262.58) (23,382.55) (59.340.07) Proceeds from liquidation of investments measured at amortis ed cost 50,285.44 23.446.15 59.446.67 Purchase of investments classified as fair value through other comprehensive income (FVOCI) (11,734.50) (23,699.89) (44,831.64) Proceeds from liquidation of investments classified as FVOCI 13,672.79 21,511.38 42.440.11 Purchase of equity investments designated under FVOCI (20 .19) (112.48) (308.14) Proceeds from sale of equity investments designated under FVOCI 42.64 - 99.15 Dividend received 0.52 1.14 1.14 Net cash generated from/ (used in) investing activities (Bl 1,445.21 (2,577.69) (3,388.63)
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Bajaj Finance Limited Statement of unaudited Consolidated financial results for the Quarter and Half year ended 30 September 2026 Notes: 2 Disclosure of consolidated statement of cash flows as per Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015: ('{ in crore) Half year ended Year ended Particulars 30.09.2 026 30.09.2025 31.03.2026 (Unaud ited) (Unaudited) (Audited) C. Financing activities Issue of equity share capital (including securities premium) 295 .20 309.42 435.92 Issue of equity share capital of subsidiary (inc luding securities premium) 1.85 2.55 2.81 Proceeds from dilut ion of stake in subsidiary (net of expenses and tax) - - 1,380 .22 Share issue expenses - (3.49) (3.47) Dividends paid (3,730.36) (3.475 .82) (3.476.61) Payment of lease liabi lity (135.49) (116.44) (242 .53) Deposits received / (repaid) (net) 829.09 (2,618.58) (3,761.08) Short term borrowing availed (net) 6,713.26 2,833.31 11,884.78 Long term borrowing availed 85,245.11 55,339.82 113,336.67 Long term borrowing repaid (26,070.36) (22,116.75) (52,123.84) Net cash generated from financing activities (C) 63.148.30 30,154.02 67,432.87 Net increase/(decrease) in cash and cash equiva lents (A+B+C) (81.79) (1,961.06) (1,745.56) Cash and cash equ ivalents at the beginning of the period 1.896.90 3,642.46 3,642.46 Cash and cash equivalents at the end of the period 1,815.11 1,681.40 1.896.90 Components of cash and cash equivalents ('{ in crore) Half year ended Year ended Particulars 30.09.2026 30.09.2025 31.03.2026 (Unaudit ed) (Unaudited) (Audited) Cash and cash equivalents compr ises of Cash on hand 13.17 29.64 10.42 Balance with banks in current accounts 1.801.94 1.651.76 1,886.48 Total 1,815.11 1,681.40 1,896.90
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Bajaj Finance Limited Statement of unaudited Consolidated financial results for the Quarter and Half year ended 30 September 2026 Notes: 3 The consolidated financ ial results of Parent and its subsidiaries [collectively referred as 'Group') and its associates. include the result of the Company and following entities: Consolidated as Bajaj Housing Finance Ltd. (BHFL) Subsidia ry Bajaj Financial Securities Ltd. (BFinsec) Subsidiary Snapwo rk Techno log ies Pvt. Ltd. Associate Pennant Technologie s Pvt. Ltd. Associate 4 The above result s have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 19 October 2026 and subjected to limited review by joint statutory auditors, pursuant to regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. These financial results have been prepared in accordance with Indian Accounting Standards prescribed under sect ion 133 of the Companies Act. 2013 read with the Companies (Indian Accounting Sta ndard s) Rules, 2015 as amended from time to time and other recognised accounting practices generally accepted in India along wit h the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) and the National Housing Bank (NHB) from time to time. These financia l results are available on the website of the Company viz. www.bajajfinserv.in/corporate-bajaj-finance and on th e website of BSE Limited [www.bseind ia.com) and National Stock Exchange of India Limited (www.nseindia .com). 5 On 23 March 2026, the Board of Directors of the Company had approved issue of 3.472.439 equity shares of face value oft 1 each at applicable grant prices to BFL Employee Welfare Trust under Employee Stock Option Scheme . 2009. Consequently , on 7 April 2026. the Allotment committee allotted the equity shares . 6 The shareholders of the Company had approved a final dividend of z 6 per equity share for the year ended 31 March 2026 at its 39th Annual General Meeting held on 30 July 2026. 7 The Board of Directors. at its meeting held on 1 October 2026 has approved raising of capital thro ugh a Qualifi ed Institutions Placement (QIP) for an aggregate amount not exceeding t 11.700 crore by issue of equity shares of face value of z 1 each and Preferential Issue [Pl) of wa rrants convertible into equiva lent number of equity shares to Bajaj Finserv Ltd .. the promoter and hold ing Company, for an aggregate amount not exceeding t 5,800 cror e in acco rdance with the Securit ies and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Companies Act. 2013, and the rules made thereunder. The above proposals are subj ect to regulatory/statutory approvals as may be required , including approval of the shareholders of the Company . 8 On 21 November 2025, the Government of India has notified four new Labour Codes by consolidating 29 existing labour laws. These changes have resulted in an estimated increase in the past service cost of gratuity by z 265.22 cro re. Considering that the impact arising out of an enactment of the new legislation is a non-recurring event. the Company has presented this one-time charge under "Exceptional Item" . 9 All the secured non-convertible debentures of the Company and one of its subsidiary viz. BHFL including those issued during the half year ended 30 Septemb er 2026 are fully secured by hypothecation of book debts/loan receivables to the extent as stated in their respective information memorandum. Until 20 November 2020 , the Company had mortgaged its Chennai's office on pari passu cha rge against specific debentures issued ti ll that date. Further, the Company and one of its subsidiary viz. BHFL has, at all times. for the non-convertible debentures, maintained asset cover as stated in the respective information memorandum which is sufficient to discharge the principal amount. interest accrued thereon and such other sums as mentioned therein. 10 The Company and one of its subsid iary viz. BHFL is engaged primarily in the business of financ ing in India and accordingly there are no separat e operating segments as per Ind AS 108 dealing with Operating Segments . One of the subs idiar y viz . BFinsec is engaged in the business of providing stock broking and depository participant services in India . Since , this segment does not satisfy the quantitative thresholds laid down under Ind AS 10B 'Operating Segments' for reportable segments, it has not been conside red for segment reporting. 11 Figures for the previous periods have been regrouped, whe rever necessary, to make them comparable with the cu rrent period. 12 The Company has designated an exclusive emai l ID viz. investo r.service@baja jfinser v.in for investor grievance redressal. By order of the Board of Directors Pune 19 October 2026 CIN: L6591OMH1987PLCO42961 Registered Offic e : 4th Floor. Bajaj Finserv House, Off Pune-Ahm ednagar Road, Viman Nagar, Pune - 411 20- 71576403 Fax : 020 71576364
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Bajaj Finance Limited Disclosure in compliance with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulation . 2015 for Consolidated financial results For the quarter For the Half year For the quarter For the Half year ended Particulars ended30 ended ended30 30 September September 2026 30 September 2025 September 2025 2026 1. Debt-Equit y ratio {Debt securities+Borrowings (other than debt securities) +Depo sits +Subordinated debts)/ Tot al Equit y 3.97 3.76 2. Outstanding redeemable prefe rence shares (quantity and value) Nil Nil 3. Debentur e Redemption Reserve Not Applicable Not Applicable 4. Capital Redemption Reserve Nil Nil 5. Net Worth ({ in cro re) [Equity share capital+ Other equity] 123,179.75 103,213.47 6. Net Profit after tax ({ in crore) 6,366.57 12.447.17 4,947.76 9,713.05 7. Earnings per share [not annualised] Basic (t) 10.07 19.69 7.85 15.41 Diluted({ ) 10.05 19.64 7.83 15.37 8. Total debts to total assets ratio {Debt secu rities+Borrowings (other th an debt securities)+Deposits+Subordinated debts)/ Total Assets 0.79 0.78 9. Net profit margin [Profit afte r tax/ Total Income] 25.91% 26.07% 24.75% 24.67% 10. Sector specific equiva lent ratio. as app licable (A) Gross NPA (stage 3 asset. gross) ratio 1.06% 1.24% (BJ Net NPA (stage 3 asset. net) ratio 0.42% 0.60% Note: Debt service coverage ratio, interest service coverage ratio . current ratio . long term debt to wo rking capital. bad debt s to accounts receivabl e ratio. current liability ratio, debtors turnover. inventory turnover and operating margin ratio are not relevant as the Group is engaged in financing activities.
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■ PRESS RELEASE Financial results for 02 FY2 7 Bajaj Finance reports: II FINANCE Consolidated profit after tax off 6,367 crore in 02 FY27. a growth of 29%. Consolidated assets under management at f 584,624 crore as on 30 September 2026. A meeting of the Board of Directors of Bajaj Finance Limited (BFL) was held today to consider and approve the unaudited standalone and consolidated financial results for the quarter ended 30 September 2026. The consolidated financial results include the results of BFL and following subsidiaries and associates : Entity name % Shareholding and Consolidated as voting power of BFL Bajaj Housing Finance Limited (BHFL) 86.70% Subsidiary Bajaj Financial Securities Limited (BFinsec) 100.00% Subsidiary Snapwork Technologies Private Limited 41.50%* Associate Pennant Technologies Private Limited 26.53%* Associate *on fully diluted basis. CONSOLIDATED PERFORMANCE HIGHLIGHTS Particulars 02 FY27 02 FY26 Growth New loans booked (No. in million) 13.45 12.17 11% Customer franchise (No. in million) 128.85 110.64 16% Assets under management(< in crore) 584,624 462.261 26% Profit before tax (z in crore) 8,537 6,608 29% Profit after tax (z in crore) 6,367 4,948 29% Loan losses & provisions to average AUF 1.56% 1.88% Operat ing expenses to NTI 33.0% 33.1% Annualised ROA 4.6% 4.5% Annualised ROE 20.6% 19.1% CONSOLIDATED PERFORMANCE HIGHLIGHTS - 02 FY27 ► Number of new loans booked in 02 FY27 was at 13.45 million as against 12.17 million in 02 FY26. a growth of 11%. ► Customer franchise stood at 128.85 million as of 30 September 2026, compared to 110.64 million as of 30 September 2025, a growth of 16%. Customer franchise grew by 4.42 million in 02 FY27. ► Assets under management (AUM) grew by 26% to z 584,624 crore as of 30 September 2026 from z 462,261 crore as of 30 September 2025. AUM grew by< 37,680 crore in 02 FY27. ► Net interest income increased by 24% in 02 FY27 to z 13.335 crore from z 10,785 crore in 02 FY26. ► Net total income increased by 23% in 02 FY27 to< 15,974 crore from z 12.982 crore in 02 FY26. BAJAJ FINANCE LIMITED http s://www .aboutbajajfinserv.com/financ e-about-us Registered Office: 4th Floor . Bajaj Finserv House. Off Pune-Ahmednagar Road , Viman Nagar, Pune - 411014 Corporate Office Extn.: 3rd i=loor. Panchshil Tec h Park. Vim an Nagar, Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor .service@bajajfinserv.in
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■ II FINANCE > Operating expenses to net total income for 02 FY27 was 33.0% as against 33.1% in 02 FY26. > Pre-provisioning operating profit increased by 23% in 02 FY27 to < 10,699 crore from < 8,685 crore in 02 FY26. > Loan losses and provisions for 02 FY27 was< 2,166 crore as against< 2,080 crore in 02 FY26. 02 FY27 includes a prudent management and macro-economic provisions of< 337 crore. Excluding this, loan losses and provisions was< 1.829 crore, a decline of 12% as against 02 FY26. > Loan losses and provisions to average assets under finance was 1.56% in 02 FY27 as against 1.88% in 02 FY26, on annualised basis. Excluding prudent management and macro-economic provision of < 337 crore. it was 1.32% in 02 FY27. ► Profit before tax (PBT) increased by 29% in 02 FY27 to < 8,537 crore from < 6,608 crore in 02 FY26. PST before prudent management and macro-economic provision grew by 34% to < 8,874 crore in 02 FY27. ► Profit after tax (PAT) increased by 29% in 02 FY27 to < 6,367 crore from < 4,948 crore in 02 FY26. PAT before prudent management and macro-economic provision grew by 34% to < 6,619 crore in 02 FY27. ► Gross NPA and Net NPA as of 30 September 2026 stood at 1.06% and 0.42% respectively. as against 1.24% and 0.60% as of 30 September 2025. The provisioning coverage ratio on stage 3 assets was 60%. ► Capital adequacy ratio (CRAR} (including Tier-II capital) as of 30 September 2026 was 20.33%. The Tier-I capital was 19.43%. ► The Company enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL. ICRA, CARE and India Ratings, A1+ for short-term debt programme from CRISIL. ICRA. CARE and India Ratings and AAA (Stable) for its fixed deposits programme from CRISIL and ICRA. ► The Company has been assigned long-term issuer rating of BBB/Stable and short-term issuer rating of A-2 by S&P Global ratings. Also, the Company has been assigned Baa3 Corporate Family Rating with stable outlook by Moody's Ratings. ► On 1 October 2026, the Board of Directors has approved. subject to the approval of shareholders, issue of securities for an aggregate amount of up to< 11.700 crore through Qualified Institutions Placement to Qualified Institutional Buyers and preferential issue of warrants convertible into equivalent number of equity shares for an aggregate amount of up to < 5,800 crore to Bajaj Finserv Limited, the promoter and holding company. in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act. 2013 and other applicable laws, as amended. BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Registered Office: 4th Floor . Bajaj Fin serv House. Off Pune - Ahmednagar Road . Viman Nagar. Pune - 411014 Corporate Office Extn.: 3rd Floor. Panchshil Tech Park. Vim an Na gar. Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@bajajfinserv.in
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■ II FINANCE A - Breakup of consolidated AUM and deposits book (< in crore) As of 30 Septem ber 2026 Consolidated MD&A Segment BFL BHFL asof BFinsec Consolidated 30 September 2025 Growt h Captive 2W & 3W Finance 2,387 - - 2,387 7,086 (66%) Open Market 2W & 3W Finance 8,991 - - 8,991 7,177 25% Urban Consumer Finance 48,098 - - 48,098 33,550 43% Urban Personal Loans 1,13,450 1.621 166 115,237. 96,701 19% Rural Consumer Finance 14,392 - - 14,392 8,838 63% Rural Personal Loans 29,244 - - 29,244 22,646 29% MFI Lending 2,680 - - 2,680 1.745 54% Gold Loans 24,195 - - 24,195 11,789 105% MSME Lending 52,998 86 - 53,084 51.718 3% CV & Tractor Finance 5,044 - - 5,044 2,662 89% Car Loans 16,919 - - 16,919 13,070 29% Commercial Lending 35,271 - - 35,271 31,359 12% Loan against securities 30,057 - 11.892 41.949 29,508 42% Mortgages 43,153 156,498 - 187,133 144.412 30% TotalAUM 426,879 158,205 12,058 584,624 462,261 26% (< in crore) As of 30 September 2026 Consolidated asof 30 September Deposits BFL BHFL Consolidated 2025 Deposits · 69,672 82 69,754 69,766 • -14% of the consolidated borrowings and -19% of the standalone borrowings. BAJAJ FINANCE LIMITED http s:// www.aboutb ajajfinserv.com / fin ance-about-u s Registered Office: 4th Floor, Bajaj Fin serv House. Off Pune- Ahmed naga r Road. Vim an Naga r, Pune - 411014 Corporate Office Extn.: 3rd l' loo r, Panchshil Tec h Park , Vim an Naga r, Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corporate ID No.: L65910MH1987PLC042961 I Email ID: invest or.service@bajajfinse rv.in Growth 0%
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■ Ill FINANCE B - Summary of consolidated financial results (z in cro re) Particulars Q2'27 Q2'26 QoQ H1'27 H1'26 HoH FY26 New loans booked (No. in million) 13.45 12.17 11% 29.58 25.66 15% 52.45 Assets under management 584,624 462,26 1 26% 584 ,624 462,261 26% 509,975 Assets under finance 574,174 452,527 27% 574,174 452,527 27% 498,944 Interest income 21.936 17,796 23% 42.449 34,941 21% 72,776 Interest expenses 8,601 7,011 23% 16,544 13,928 19% 28,666 Net interest income 13,335 10,785 24% 25,905 21,013 23% 44, 110 Non-interest income 2,639 2,197 20% 5,293 4.428 20% 9,214 Net total income 15,974 12,982 23% 31,198 25,441 23% 53,3 24 Operating expenses 5,275 4,297 23% 10,361 8.420 23% 17,776 Pre-provisioning operating profit 10,699 8,685 23% 20,837 17,021 22% 35,5 48 Loan losses and provisions 2,166 2,080 4% 4,160 4,049 3% 9.482 Share of profit of associates 4 3 33% 9 4 125% 16 Profit before exceptional item and 8,537 tax 6,608 29% 16,686 12,976 29% 26,0 82 Exceptional item* - - - - - - 265 Profit before tax 8,537 6,608 29% 16,686 12,976 29% 25,8 17 Profit after tax 6,367 4,948 29% 12,447 9,713 28% 19,3 32 Profit after tax attributable to- Owners of the Company 6,267 4,876 29% 12,252 9,575 28% 19,017 Non-controlling interest 100 72 39% 195 138 41% 315 * includes charge of New Labour Codes STANDALONE PERFORMANCE HIGHLIGHTS Bajaj Finance Limited - 02 FY27 ► Assets under management (AUM) grew by 26% to z 426,879 cro re as of 30 September 2026 from z 338,121 crore as of 30 September 2025 . ► Net interest income increased by 25% in 02 FY27 to z 12,150 cro re from z 9,726 crore in 02 FY26. ► Net total income increased by 23% in 02 FY27 to z 14,521 crore fr om z 11,762 crore in 02 FY26. ► Operating expenses to net total income for 02 FY27 was 34.2% as against 34.2% in 02 FY26. ► Pre-provisioning operating profit increased by 23% in 02 FY27 to z 9,552 crore from z 7,740 crore in 02FY26. -?~- ,:, · ,t·, .. ,t / "~ BA:JA:J FINANCE LIMITED http s://www .aboutb ajajfin serv .com / fin ance-a bout - u s Regis t ered Offi ce: 4th Floor. Bajaj Fin serv House, Off Pune-Ahmednaga r Road, Viman Nagar , Pune - 411014 Corporate Offic e Ext n.: 3rd Floo r. Panchsh il Tec h Park, Viman Nagar, Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corpo rat e ID No.: L659 10MH1987 PLC042961 I Email ID: investo r.service@bajajfinserv.in ~t), ~-' Un -'\ / ~,;
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■ II FINANCE > Loan losses and provisions for 02 FY27 was z 2,131 crore as against z 2,037 crore in 02 FY26. 02 FY27 includes a prudent management and macro-economic provisions of z 337 crore. Excluding this, loan losses and provisions was z 1,794 crore, a decli ne of 12% as against 02 FY26. > Profit before tax (PBT) increased by 30% in 02 FY27 to z 7,421 crore from z 5,703 crore in 02 FY26. PBT before prudent management and macro-economic provision grew by 36% to z 7,758 crore in 02 FY27 > Profit after tax (PAT) increased by 30% in 02 FY27 to z 5,536 crore from z 4,251 crore in 02 FY26. PAT before prudent management and macro-economic provision grew by 36% to z 5,788 crore. ► Gross NPA and Net NPA as of 30 September 2026 stood at 1.33% and 0.53% respectively, as against 1.59% and 0.77% as of 30 September 2025. The Company has provisioning coverage ratio of 60% on stage 3 assets. C - Summary of standalone financial results of Bajaj Finance Limited Particulars 02'27 02'26 YoY H1'27 H1'26 New loans booked (No. in million) 13.30 12.05 10% 29.29 25.44 Assets under management 426,879 338,121 26% 426,879 338,121 Asset under finance 422 ,268 332,545 27% 422,268 332,545 Interest income 18,549 14,969 24% 35,918 29,459 Interest expenses 6,399 5,243 22% 12,273 10,464 Net interest income 12,150 9,726 25% 23,645 18,995 Non-interest income 2,371 2,036 16% 4,804 4,094 Net total income 14,521 11,762 23% 28,449 23,089 Operating expenses 4,969 4,022 24% 9,758 7,873 Pre-provisioning operating 9,552 7,740 23% 18,691 15,216 profit Loan losses and provisions 2,131 2,037 5% 4,107 3,966 Profit before exceptional items 7,421 5,703 30% 14,584 11,250 and tax Exceptional items* - - - - - Profit before tax 7,421 5,703 30% 14,584 11,250 Profit after tax 5,536 4,251 30% 10,882 8,384 * includes charge of New Labour Codes and gain on sale of BHFL shares BA:JAJ FINANCE LIMITED https ://w ww.aboutbajajfins erv .com/finance-about-us Registered Office: 4th Floo r. Bajaj Finserv Hou se. Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411014 Corporate Offi ce Extn.: 3rd Floor . Panchshi l Tech Park. Viman Nagar . Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corporate ID No.: L65910MH1987PLC042961 I Email ID: investor.service@baja jfinserv.in (z in crore) HoH FY26 15% 51.95 26% 372,986 27% 367,226 22% 61,357 17% 21,417 24% 39,940 17% 8,497 23% 48,437 24% 16,641 23% 31,796 4% 9,290 30% 22,506 - 1,166 30% 23,672 30% 17,804
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■ II FINANCE PERFORMANCE HIGHLIGHT OF SUBSIDIARIES Bajaj Housing Finance Limited - 02 FY27 ► Assets under management grew by 25% to z 158,205 crore as of 30 September 2026 from z 126,749 crore as of 30 September 2025. ► Net interest income increased by 10% in 02 FY27 to z 1,055 crore from z 956 crore in 02 FY26. ► Net total income increased by 15% in 02 FY27 to z 1,254 crore from z 1,090 crore in 02 FY26. ► Operating expenses increased by 12% in 02 FY27 to z 239 crore from z 214 crore in 02 FY26. ► Loan losses and provisions in 02 FY27 was z 35 crore as against z 43 crore in 02 FY26. ► Profit before tax increased by 18% in 02 FY27 to z 980 crore from z 833 crore in 02 FY26. ► Profit after tax increased by 18% in 02 FY27 to z 757 crore from z 643 crore in 02 FY26. ► Gross NPA and Net NPA as of 30 September 2026 stood at 0.29% and 0.12% respectively, as against 0.26% and 0.12% as of 30 September 2025. BHFL has provis ioning coverage ratio of 60% on stage 3 assets. ► Capital adequacy ratio (CRAR) (including Tier-II capita l) as of 30 September 2026 was 21.24%. ► BHFL enjoys the highest credit rating of AAA/Stable for its long-term debt programme from CRISIL and India Ratings and A1+ for short-term debt programme from CRISIL and India Ratings. BA:JA:J FINANCE LIMITED http s:/ / www.aboutb ajajfin serv.com / finance-about-u s Regis t ered Office: 4t h Flo or. Baj aj Fin se rv House. Off Pu ne-A hm ednaga r Roa d, Vim an Naga r, Pune - 411014 Cor pora t e Offi ce Ext n.: 3rd ~loo r, Panc hsh il Tec h Par k, Viman Naga r, Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corporate ID No.: L6591 0MH1987 PLC04296 1 I Ema il ID: invest or.service@bajajfinse rv.in
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■ II FINANCE D - Summary of standalone financial results of Bajaj Housing Finance Limited (< in cro re) Particulars Q2'27 Q2'26 QoQ H1'27 H1'26 HoH FY26 Assets under management 158,205 126.749 25% 158,205 126,749 25% 140,706 Assets under finance 139,862 113,059 24% 139,862 113,059 24% 123,745 Interest income 3,052 2,614 17% 5,908 5,107 16% 10,512 Interest expenses 1,997 1.658 20% 3,885 3,264 19% 6,760 Net inte rest income 1,055 956 10% 2,023 1,843 10% 3,7 52 Non-interest income 199 134 49% 406 257 58% 639 Net total income 1,254 1,090 15% 2.429 2,100 16% 4,3 91 Operating expenses 239 214 12% 470 429 10% 867 Pre-provisioning operating 1,015 876 16% 1,959 1,671 17% 3,5 24 profit Loan losses and provisions 35 43 (19%) 51 81 (37%) 191 Profit before exceptional item 980 833 18% 1,908 1,590 20% 3,3 33 and tax Exceptional item* - - - - - - 13 Profit before tax 980 833 18% 1,908 1,590 20% 3,3 20 Profit after tax 757 643 18% 1,472 1,226 20% 2,5 60 * includes charge of New Labour Codes Bajaj Financial Securities Limited - 02 FY27 ► BFinsec acquired approximately 121,000 customers in 02 FY27. Overall customer franchise stood at approximately 1.607,000 as of 30 September 2026. ► Assets under finance grew by 59% to < 12,058 crore as of 30 Septembe r 2026 from t 7,597 crore as of 30 September 2025. ► Net interest income increased by 23% in 02 FY27 to < 117 cro re from t 95 crore in 02 FY26. ► Net total income increased by 20% in 02 FY27 to < 160 crore from t 133 crore in 02 FY26. > Operating expenses increased by 7% in 02 FY27 to t 73 crore f rom t 68 crore in 02 FY26. ► ► Profit before tax increased by 34% in 02 FY27 to< 86 crore from t 64 crore in 02 FY26. Profit after tax increased by 36% in 02 FY27 to < 64 crore fro m t 47 cro re in 02 FY26. BFinsec enjoys the highest credit rating of AAA/Stab le fo r its long-term debt programme from CRISIL and A1+ for short-term debt programme from CRISIL and India Ratings . ..-c-c:::..--:-,...,_ //f,\ t:-i - rv <' . rir· ,--- ,\~~, <l'.\ ;.01} • /. 1/ ) - BA:JA:J FINANCE LIMITED http s:// www.aboutb ajajfin serv.com / fin anc e-about -us Regis t ered Of fice : 4t h Floor , Bajaj Finserv Hou se, Off Pun e- Ah mednaga r Road , Vim an Naga r. Pune - 411014 Corp ora t e Offi ce Ext n.: 3rd Floor , Panchshi l Tec h Park . Vim an Nagar , Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corpor ate ID No.: L659 10M H1987P LC042961 I Ema il ID: investor.service@bajajfin serv.in
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■ .FINANCE E - Summary of results of Bajaj Financial Securities Limited (z in crore) Particulars 02'27 02'26 YoY H1'27 H1'26 HoH FV26 Assets under finance 12,058 7,597 59% 12,058 7,597 59% 7,984 Interest income 323 205 58% 596 358 66% 871 Interest expenses 206 110 87% 385 200 93% 491 Net interest income 117 95 23% 211 158 34% 380 Non-interest income 43 38 13% 90 96 (6%) 198 Net total income 160 133 20% 301 254 19% 578 Operating expenses 73 68 7% 149 135 10% 302 Pre-provisioning operating profit 87 65 34% 152 119 28% 276 Loan losses and provisions 1 1 0% 2 2 0% 3 Profit before tax 86 64 34% 150 117 28% 273 Profit after tax 64 47 36% 114 87 31% 203 Pune 19 October 2026 evJain Vice Chairman & _p.tor BA:JA:J FINANCE LIMITED https:/ /www.aboutbajajfinserv.com/finance-about-us Registered Office: 4t h Floor, Bajaj Finser v Hou se, Off Pune - Ahmednagar Road, Viman Nagar , Pune - 411014 Corporate Office Extn.; 3rd Floor. Panchsh il Tech Park, Vima n Nagar, Pune - 411 014 Tel: +91 20 7157 6403 [ Fax: +91 20 7157 6364 Corporate ID No.: L65910M H1987PLC042961 _ [ Email ID: investor.ser vice@bajajfinserv.in
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■ To The Manager Listing Department BSELimited Phiroze Jeejeebhoy Towers. Dalal Street. Mumbai - 400 001 BSE Code: 500034 Dear Sir /Madam. Sub: Security Cover Certificate .FINANCE 19 October 2026 Pursuant to Regulation 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular SEBI/ H0/17/11/12(2)2026-DOHS P001/l/22420/2026 dated 28 September 2026, please find enclosed herewith the statement on security cover available for non-convertible debt securities as at 30 September 2026. Kindly take the same on record. Thanking you, Yours Faithfully, For Bajaj Finance L" RVijy ' Company Secre Encl.: As above Email ID: investor.service@bajaifinserv.in Cc: Catalyst Trusteeship Limited (Debenture Trustee) BA:JA:J FINANCE LIMITED https:/ /www.aboutbajajfinserv.com/finance-about-us Registered Office: 4th Floor, Bajaj Finserv House. Off Pune-Ahmednagar Road. Viman Nagar, Pune - 411014 Corporate Office Extn.: 3rd Floor. Panchshil Tech Park. Vi man Nagar, Pune - 411 014 . Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Coroorate ID No.: L65910MH1987PLC042961 I Email ID: investor.servicelalbaiaifinserv.in
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KIRTANE & PANDIT LLP Chartered Accountants Pune I Mumbai I Nashik I Bengaluru I Hyderabad I New Delhi I Chennai Independent Auditor's Report on Security Cover as at 30 September, 2026 under Regulation 54 read with Regulation 56(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) for submission to the Bombay Stock Exchange Limited (BSE) and Catalyst Trusteeship Limited (the "Debenture Trustee"). To The Board of Directors Bajaj Finance Limited 1. This Report is issued in accordance with the email received from the Bajaj Finance Limited (the "Company") dated October 07, 2026. 2. We Kirtane & Pandit LLP, Chartered Accountants, are the Joint Statutory Auditors of the Company and have been requested by the Company to examine the accompanying Statement showing 'Asset Cover' for the listed non-convertible debt securities as at September 30, 2026 (the "Statement") which has been prepared by the Company from the financial results and other relevant records and documents maintained by the Company as at and for the half year ended September 30, 2026 pursuant to the requirements of the Regulation 56(i)( d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (the "SEBI Regulations). 3. This Report is required by the Company for the purpose of submission with Catalyst Trusteeship Limited (the " Debenture Trustee") of the Company and to Bombay Stock Exchange Limited (BSE) to ensure compliance with the SEBI Regulations and SEBI Circular HO/17/11/12(2)2026-DDHS PODl/l/22420/2026 dated September 28, 2026 ("the circular") in respect of its listed non convertible debt securities as at September 30, 2026 ("Debentures"). The Company has entered into agreement(s) with the Debenture Trustee ("Debenture Trust Deed") in respect of such Debentures, as indicated in the Statement. Management Responsibility 4. The preparation of the Statement is the responsibility of the Management of the Company including the preparation and maintenance of all accounting and other relevant supporting records and documents. This responsibility includes the design, implementation, and maintenance of internal control relevant to the preparation and presentation of the Statement and applying an appropriate basis of preparation; and making estimates that are reasonable in the circumstances. 5. The Management of the Company is also responsible for ensuring that the Company complies with all the relevant requirements of the SEBI circular, SEBI Regulations, Companies Act, 2013 and other applicable laws and regulations, as applicable. 6. The Management is also responsible to ensure that Security Cover Ratio as at September 30, 2026 is in compliance with SEBI circular no. HO/17 /11/12(2)2026-DDHS-PODl/1/22420/2026 dated September 28, 2026 with the minimum security cover requirement of hundred percent as per the SEBI Regulations as given in Annexure I attached to this certificate. Kirtane & Pandit LLP Chartered Accountants I LLP ID. No. - AAD - 6418 First Floor, Plot No. 30, Grover Tower-1, Main Najafgarh Road, Shivaji Marg, New Delhi, North West Delhi, Delhi, 110015 '9 +91 9911814171 • kpcadelhl@kirtanepandit.com @ www.kirtanepandit.com Regd. Office: 5th Floor, Wing A, Gopal House, S.No. 127/18/U,Plot Al, Kothrud, Pune - 411 038, India '
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Auditor's Responsibility 7. Our responsibility, for the purpose of this certificate is to verify the particulars contained in the Statement, on the basis of the financial results and other relevant records and documents maintained by the Company and to certify security cover ratio is minimum hundred percent as per the minimum requirement stated in SEBI Regulations. 8. We have jointly reviewed the Standalone Financial Results along with our Joint Auditor, i.e, Price Waterhouse LLP, for the quarter and half year ended September 30, 2026, prepared by the Company pursuant to the requirements of Regulation 33 and Regulation 52 read with regulation 63 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and issued an unmodified conclusion dated October 19, 2026. Our joint review of these financial results for the quarter and half year ended September 30, 2026 was conducted in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("ICAI") respectively. 9. We conducted our examination of the Statement in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the ICAI. The Guidance Note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI. 10. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, "Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements". 11. Our scope of work did not involve us performing audit tests for the purposes of expressing an opinion on the fairness or accuracy of any of the financial information or the financial results of the Company taken as a whole. We have not performed an audit, the objective of which would be the expression of an opinion on the financial results, specified elements, accounts or items thereof, for the purpose of this report. Accordingly, we do not express such opinion. 12. A limited assurance engagement includes performing procedures to obtain sufficient appropriate evidence on the applicable criteria, mentioned in paragraph 7 above. The procedures performed vary in nature and timing from, and are less in extent than for, a reasonable assurance engagement. Consequently, the level of assurance obtained is substantially lower than the assurance that would have been obtained had a reasonable assurance engagement been performed. Accordingly, we have performed the following procedures in relation to the Statement on the sample basis: (a) Obtained and read the Debenture Trust Deed and the Information Memorandum in respect of the secured Debentures and noted the asset cover percentage required to be maintained by the Company in respect of such Debentures, as Indicated in Annexure I of the Statement. (b) Verified the amount of the Non - Convertible Debentures outstanding as on September 30, 2026 to the unaudited financial information and other relevant records, documents maintained by the Company and books of account maintained by the Company as on September 30, 2026. (c) Obtained and read the particulars of security cover required to be provided in respect of Debentures as indicated in the Debenture Trust Deed and the Informati on Memorandum. (d) Verified the value of assets indicated in Annexure I of the Statement to the unaudited financial information and other relevant records, documents maintained by the Company and unaudited books of account maintained by the Company as on September 30, 2026. (e) Obtained the list of security created in the register of charges maintained by the Company and 'Form No. CHG-9' filed with Ministry of Corporate Affairs. Traced the value of charge created against assets to the security cover. (f) Obtained the list and value of assets placed under lien or encumbrance for the purpose of 2
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obtaining any other loan and determined that such assets are not included in the calculation of security cover in respect of the Debentures. (g) Examined and verified the arithmetical accuracy of the computation of security cover indicated in Annexure I of the Statement. (h) Further, based on discussions with the joint auditor i.e. Price Waterhouse LLP (PW), it has been confirmed that no discrepancies were identified in the loan portfolio in respect of security cover. 13. We have no responsibility to update this certificate for events and circumstances occurring after the date of this certificate. Conclusion 14. Based on the procedures performed by us, as referred to In paragraph 12 above and according to the information and explanations received and Management representations obtained, nothing has come to our attention that causes us to believe that the Company has not maintained hundred percent security cover or security cover as per the terms of the Information Memorandum and Debenture Trust deed. We further state that the book value of the assets provided in Annexure I attached to this report is in conformity with books of accounts maintained by the Company. Restriction on Use 15. The Report has been issued at the request of the Company, solely in connection with the purpose mentioned in paragraph 2 above and to be submitted with the accompanying Statement to the Bombay Stock Exchange Limited and Debenture Trustee and is not to be used or referred to for any other person. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come. We have no responsibility to update this certificate for events and circumstances occurring after the date of this report. For KIRTANE & PANDIT LLP (Chartered Accountants) FRN 105215W /W100057 Chirag Garg Partner M.No. 540579 UDIN: 2{-5"C,05l9MIIACl/VJ 1{'t 't Date: October 19, 2026 Place: Pune 3
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-· ----~-~to ....,_.,.. Wkidt1he ... ,..,,. _.,,_ -~'"1column - ASSm Pr ,Pgntandfqui ment• C. italWOrk•in-Pro res$ RihtofUse~ Goodwill lnta..,,ibleAsse!su lntaneibluAssetsunderOe 8arlk8alanc:esotherthan~andCa$ti Enuivaleot:s """" UABIUTIES OebtSeturitieslowhichthi5certificatepi!rlains OtherDr!btililriflspari-p.:issu,;hargewitha~ debt18ankfe rmlOcLnl 83/WI /Unsecured WCDl, 00 ~bt Sec111ities (CP,Ur!!.eC!Hed O<!btandCIILO, REPO PTCborrowina<) Othefs-Oeposits) Trade-payables ~awtiabilitio!s Provisions """" .... v .... Eildus~esea.,rfty CoTerfl.rio 8,297.21 4,000.00 12,297 .21 MO 6,573.2{; 6,573.26 w U7 La7 "" 2.60,722.54 2,ro,n6.at 1,32,801.39 1,11,~76 2,44,170,15 '" P.wi'-PaswsecvrityCoverRirtio "F"l -- 1,53,148.27 1,S3,Ul.27 1,675.93 75.74 920.24 16!.80 39,701.07 1,603.75 1,661.22 6,691.91 7,710.57 60,217.211 724.82 1,000.09 48,504.00 69,671.82 L790.64 6,425.32 1,:U,9$ 7.15 ~ This property is charged ag.iinst the de~nturti issued on Of prior to 16 No-.·embff 2020and the Market value of Rs. 9.11 Cr of the Immoveable property is on the basis of certified valuation done on 18th April 2025. ••Jndudiogse!fgenerated~ets. 1,680.25 75.74 920.24 169.80 39,70L07 4,22,263.02 1,608.75 1,663.22 10,691.91 7,710.57 4,16,489.51 1,3.2,801.39 l,,11,36a.76 1,000.09 55,077.26 69,671.82 1,190.64 871.16 6,425.32 3,79,731.26 •u Assets consider~ for pari-passu charge is calculated based on asset c.over requirement as per fe!;pectille Information memorandum for securities and as: ~rsanction for loans. Whereas asset required is 1,34,256.61 Oore against NCO debt of 1,32,801.39 Cr ore. ''"""'" ......... ........ 2,«:1,721:54 7.60,731.65
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■ To The Manager Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street. Mumbai - 400 001 BSE Code: 500034 Dear Sir/Madam, .FINANCE 19 October 2026 Subject: Certificate from CFO on use of proceeds from issue of commercial papers Pursuant to SEBI master circular dated 15 October 2025, the Company hereby confirms that the proceeds from issue of commercial papers, raised during the quarter ended 30 September 2026 and which are listed, have been utilised for the purpose as disclosed in the Disclosure Document of respective issues. The Company further confirms that all the conditions of listing as specified in the aforesaid circular have been adhered. Kindly take the above information on record . Thanking you, Yours faithfully, For Bajaj Finance Limited ~) //r.\N_A_N_,-, / ')' / •• "(:- ~ ~ ndeep ;Jain ~U; Chief Operating Officer and Chief Financial Officer Email ID: iovestor.servicg@pajajfinserv.io Copy to Catalyst Trusteeship Ltd. (Debenture Trustee, Pune) BA:JA:J FINANCE LIMITED https:/ /www.aboutbajajfinserv.com/finance-about-us Registered Office: 4th Floor, Bajaj Finserv House, Off Pune-Ahmednagar Road, Viman Nagar, Pune - 411014 Corporate Office Extn.: 3rd Floor, Panchshil Tech Park, Viman Nagar, Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Corooram ID No.: L65910MH1987PLC042961 I !email ID: investor.service®baiaifinserv.in
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■ To The Manager Listing Department BSELimited Priiroze Jeejeebhoy Towers. Dalal Street Mumbai - 400 001 BSE Code: 500034 Dear Sirs. .FINANCE 19 October 2026 Reg.: Bajaj Finance Limited - Secured / Unsecured Redeemable Non-Convertible Debentures (NCDs) issued on private placement basis. Sub.: Intimation under Regulation 52(7) and 52(7 A) of SEBI Listing Regulation st 2015. as amended. for quarter ended 30 September 2026. A. Statement of utilisation of issue proceeds: Name of the Issuer ISIN Mode of Type of Date of Amount Funds Any lfBisYes, Remarks, Fund instrum raising Raised utilized In deviati then specify if any Raising ent funds lnCrore Crore on the purpose (Public (Face (Face (Yes/ of for which issues/ Value)* Value)* No) the funds Private were utilized placem ent) 1 2 3 4 5 6 7 8 9 10 Bajaj Finance Limited INE296A07UB9 Private NCO 06-Jul-26 4,000.00 4,000.00 No - Bajaj Finance Limited INE296A07UC7 Private NCO 06-Jul-26 1,305.00 1,305.00 No - Bajaj Finance Limited INE296A07TZO Private NCO 23-Jul-26 1.140.76 1.140.76 No - Bajaj Finance Limited INE296A07U05 Private NCO 10-Aug -26 1.115.00 1,115.00 No - - Bajaj Finance Limited INE296A07UC7 Private NCO 18-Aug-26 500 .00 500.00 No - Bajaj Finance Limited INE296A07UE3 Private NCO 27-Aug-26 5,000.00 5,000.00 No - Bajaj Finance Limited INE296A07UFO Private NCO 08-Sep-26 2,050.00 2,050.00 No - * Amount shown above is based on face value, however, actual fund raised and utilised is Rs. 15,107.71 crore. The Proceeds of funds raised through issue of NCDs have been utilized to augment the long-term resources of the Company, general business purpose of the Company including various financing activities, to repay our existing loans, investments for liquidity and statutory requirements, capital expenditure and working capital requirements. BA:JA:I FINANCE LIMITED https://www.aboutbajajfinserv .com/finance-about-us Registered Office: 4th Floor, Bajaj Finserv House. Off Pune-Ahmednagar Road . Viman Nagar. Pune - 411014 Corporate Office Extl"I,: 3rd Floor. Panchshil Tech Park. Viman Nagar. Pune - 411 014 Tel: +91 20 7157 6403 I Fax: +91 20 7157 6364 Cornorate 10 No.: L65910MH1987PLC042961 I Email ID: investor .service!1ilbaiaifinserv.in
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■ .FINANCE B. Statement of deviation/variation in use of Issue proceeds: Not Applicable Particulars Remarks Name of listed entity Mode of fund raising Public issue/ Private placement Type of instrument Non-convertible Securities/Commercial Paper Date of raising funds Amount raised Report filed for quarter ended Is there a deviation/ variation in use of funds raised? Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document? If yes, details of the approval so required? Date of approval Explanation for the deviation/ variation Comments of the audit committee after.review Yes/ No Comments of the auditors, if any - Objects for which funds have been raised and where there has been a deviation/ variation, in the following table: Original Modified Original Modified Funds Amount of deviation/ variation Remarks. if any object object if allocation allocation, utilised for the quarter according to any if any applicable object (in Rs. crore and in%) Deviation could mean: a. Deviation in the objects or purposes for which the funds have been raised. b. Deviation in the amount of funds actually utilized as against what was originally disclosed . Name of signatory: R Vijay Designation: Company Secretary Date: 19 October 2026 Kindly take the above information on record. Thanking you. Yours faithfully, For Bajaj Finance Limited R. Vijay \j Company Secretary Email ID: investor,seryice@bajajfinserv.in Cc: Catalyst Trusteeship Limited (Debenture Trustee) BA:JA:J FINANCE LIMITED https://www.aboutbajajfinserv.com/finance-about-us Registered Office: 4th Floor. Bajaj Finserv House. Off Pune-Ahmednagar Road. Viman Nagar. Pune - 411014 Corporate OfficeExtn.: 3rd Floor, Panchshil Tech Park. Viman Nagar. Pune - 411014 Tel: +91 20 7157 6403 I Fax: +9120 7157 6364 Cornorate ID No., L65910MH1987PLC042961 I Email ID: investor.service/olbaiaifinserv.in
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) 1 Bajaj Finance Ltd. Bajaj Finserv Ltd. Parent Contribution to equity (3,193,661,300 shares of ₹ 1 each) - - (319.37) (319.37) Secured non-convertible debentures issued - - (300.00) (300.00) Security deposit for leased premises - - 1.30 1.30 Interest paid on non-convertible debentures 40.00 24.35 - - Inter-corporate deposits accepted Not applicable 1,000.00 (550.00) (1,000.00) Inter-corporate deposits repaid Not applicable 550.00 - - Interest accrued on Inter-corporate deposits Not applicable 25.63 (114.06) (10.32) Dividend paid Not applicable 1,916.20 - - Asset sales 2.00 0.17 - - Business support charges paid 70.00 30.36 - - Fair value of ESOP reversal 2.00 0.06 - - Rent and maintenance expenses 3.00 1.36 - - 2 Bajaj Finance Ltd. Bajaj Housing Finance Ltd. Subsidiary Investment in equity shares 2,500.00 - 8,954.83 8,954.83 Fair value of ESOP received 10.00 1.96 - - Loan portfolio - Assigned in 12,500.00 2,719.35 - - Asset purchases 5.00 0.22 - - Asset sales 1.00 0.09 - 0.09 Security deposit for leased premises - - 0.08 0.08 Business support charges received 10.00 0.02 - - Servicing fee received 10.00 2.49 - - Sourcing commission received (closing balance ₹ 25,129) 40.00 2.50 0.81 0.00 Business support charges paid 5.00 0.11 - (0.06) Servicing fee paid 50.00 12.01 - (1.20) Sourcing commission paid 20.00 0.01 - - 3 Bajaj Finance Ltd. Bajaj Financial Securities Ltd. Subsidiary Investment in equity shares Not applicable 100.00 1,670.38 1,770.38 Investment Not applicable Not applicable Not applicable General Business purposes Fair value of ESOP received Not applicable 1.72 - - Loan given against flexi limit of ₹ 1,500 crore (Maximum outstanding H1 ₹200 crore) Not applicable 23,110.00 - - Loan 7.55% upto 24 months Unsecured General Business purposes Loan repayment received Not applicable 23,110.00 - - Interest received on loan given Not applicable 0.19 - - Asset sales Not applicable 0.88 - - Brokerage and allied charges paid Not applicable 0.23 - - Depository service charges paid Not applicable 0.57 - - Advance towards depository service charges Not applicable - 0.10 0.20 In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27)
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 4 Bajaj Finance Ltd. Bajaj Life Insurance Ltd. Fellow Subsidiary Contribution to equity (2,470,000 shares of ₹ 1 each) - - (0.25) (0.25) Secured non-convertible debentures issued - - (499.80) (949.80) Unsecured non-convertible debentures issued 70.00 70.00 (2,475.00) (2,475.00) Unsecured non-convertible debentures redemption Not applicable 70.00 - - Interest paid on non-convertible debentures 300.00 58.75 - - Dividend paid Not applicable 1.48 - - Asset purchases 2.00 0.15 - - Security deposit for leased premises - - 1.82 1.82 Advance towards insurance - - 5.61 1.35 Commission income 1,700.00 859.13 37.92 101.71 Marketing, Branding and allied service charges received 300.00 86.29 24.05 22.45 Business support charges received 2.00 - 0.36 - Insurance expenses 105.00 65.80 - - Rent and maintenance expenses 5.00 1.61 - - 5 Bajaj Finance Ltd. Bajaj General Insurance Ltd. Fellow Subsidiary Contribution to equity (opening 921,000 shares of ₹ 1 each, closing 662,000 shares of ₹ 1 each) - - (0.09) (0.07) Secured non-convertible debentures issued - - (243.50) (243.50) Unsecured non-convertible debentures issued - - (40.00) - Unsecured non-convertible debentures redemption Not applicable 40.00 - - Interest paid on non-convertible debentures 30.00 19.78 - - Dividend paid Not applicable 0.55 - - Advance towards insurance - - 6.38 24.40 Commission income 105.00 28.33 4.91 3.71 Business support charges received 4.00 1.42 1.57 0.37 Insurance expenses 145.00 112.33 - - 6 Bajaj Finance Ltd. Bajaj Finserv Direct Ltd. Fellow Subsidiary Investment in equity shares - - 283.16 283.16 Information technology design and development charges paid 55.00 17.51 (2.84) (2.85) Asset purchases 2.00 0.16 (0.01) - Asset sales 2.00 - 0.10 - Business support charges received 2.00 - 0.29 - Business support charges paid 2.00 0.34 - - Sourcing commission paid 294.00 94.80 (17.01) (0.03) Information technology support and usage charges paid 6.00 1.75 (0.44) - Annual maintenance charges on loan paid 3.00 1.10 - (0.17) Guarantee/ Service fees paid for FLDG 1.00 - (1.62) - Cash deposit received towards First Loss Default Guarantee (FLDG) arrangement - - (1.32) - Invocation of deposit towards FLDG 2.16 1.32 - - Interest accrued on cash deposit received towards FLDG 0.50 0.01 (0.06) -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 7 Bajaj Finance Ltd. Bajaj Finserv Health Ltd. Fellow Subsidiary Asset purchases 2.00 0.02 - - Commission income 15.00 11.26 19.47 - Reimbursement of Manpower cost received 20.00 2.00 11.21 - Business support charges received 2.00 0.08 - 0.07 Business support charges paid 4.00 1.31 (0.36) - Services received 6.00 1.87 - - Asset Sales 2.00 0.52 - - 8 Bajaj Finance Ltd. VH Medcare Pvt. Ltd. Fellow Subsidiary Sourcing commission paid 10.00 0.94 (0.44) - Asset purchases 2.00 0.21 - - 9 Bajaj Finance Ltd. Snapwork Technologies Pvt. Ltd. Associate Investment in equity shares - - 28.49 28.49 Investment in Compulsorily Convertible Preference Shares (Deemed equity) - - 64.25 64.25 Information technology design and development charges paid 35.00 15.27 - - 10 Bajaj Finance Ltd. Pennant Technologies Pvt. Ltd. Associate Investment in equity shares - - 113.75 113.75 Investment in Compulsorily Convertible Preference Shares (Deemed equity) - - 153.72 153.72 Inter-corporate deposits accepted Not applicable 45.46 (42.91) (45.46) Inter-corporate deposits repaid Not applicable 42.91 - - Interest accrued on Inter-corporate deposits Not applicable 1.48 (1.46) (0.17) Information technology design and development charges paid 34.00 9.53 - - Finance lease given 7.00 0.26 0.93 0.95 Loan 10.70% to 10.95% up to 60 months Secured General Business purpose Finance lease repayment received Not applicable 0.29 - - Interest income on finance lease 2.00 0.05 - - Advance given towards lease related transactions 2.00 0.05 0.13 0.12 Advance Not applicable up to 60 months Unsecured General Business purpose Receipt of repayment towards advance given - 0.05 - - Lease management and other charges received 3.00 0.02 - - 11 Bajaj Finance Ltd. Sanjiv Bajaj Chairman Contribution to equity (4,676,880 shares of ₹ 1 each) - - (0.47) (0.47) Short-term employee benefits: Sitting fees ₹ 1 lakh per meeting 0.06 - - Commission ₹ 5 lakh per meeting & Additional upto ₹ 6 .5 crore - (6.22) - Dividend paid Not applicable 2.81 - - 12 Bajaj Finance Ltd. Rajeev Jain Vice Chairman and Managing Director Contribution to equity (1,699,500 shares of ₹ 1 each) - - (0.17) (0.17) Short-term employee benefits: Remuneration Not applicable 11.75 (20.73) (11.16) Share-based payment Not applicable 26.52 - - Equity shares issued pursuant to stock option scheme Not applicable 10.62 - - Dividend paid Not applicable 1.02 - -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 13 Bajaj Finance Ltd. Rajiv Bajaj Director Contribution to equity (10,000 shares of ₹ 1 each) (opening & closing balance ₹ 10,000) - - (0.00) (0.00) Short-term employee benefits: Sitting fees ₹ 1 lakh per meeting 0.01 - - Commission ₹ 5 lakh per meeting - (0.22) - Dividend paid Not applicable 0.01 - - 14 Bajaj Finance Ltd. Anami N Roy Director Short-term employee benefits: Sitting fees Not applicable 0.10 - - Commission Not applicable - (1.27) - 15 Bajaj Finance Ltd. Dr. Naushad Forbes Director Short-term employee benefits: Sitting fees Not applicable 0.04 - - Commission Not applicable - (0.58) - 16 Bajaj Finance Ltd. Pramit Jhaveri Director Short-term employee benefits: Sitting fees Not applicable 0.08 - - Commission Not applicable - (1.27) - 17 Bajaj Finance Ltd. Radhika Haribhakti Director Short-term employee benefits: Sitting fees Not applicable 0.08 - - Commission Not applicable - (0.93) - 18 Bajaj Finance Ltd. Dr. Arindam Bhattacharya Director Contribution to equity (5,000 shares of ₹ 1 each) (opening & closing balance ₹ 5,000) - - (0.00) (0.00) Short-term employee benefits: - Sitting fees Not applicable 0.05 - - Commission Not applicable - (0.70) - Dividend paid (transaction value ₹ 30,000) Not applicable 0.00 - - 19 Bajaj Finance Ltd. Tarun Bajaj Director Short-term employee benefits: Sitting fees Not applicable 0.09 - - Commission Not applicable - (1.03) - 20 Bajaj Finance Ltd. Ajay Kumar Choudhary Director Short-term employee benefits: Sitting fees Not applicable 0.08 - - Commission Not applicable - (0.91) - 21 Bajaj Finance Ltd. Sandeep Jain Chief Financial Officer & Chief Operating Officer Contribution to equity (opening 1,009,600 chares of ₹ 1 each, closing 1,223,860 shares of ₹ 1 each) - - (0.10) (0.12) Short-term employee benefits: - Remuneration Not applicable 5.82 (4.34) (4.34) Share-based payment Not applicable 3.45 - - Equity shares issued pursuant to stock option scheme Not applicable 4.54 - - Dividend paid Not applicable 0.73 - -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 22 Bajaj Finance Ltd. Vijay R Company Secretary Contribution to equity (opening 14,019 shares of ₹ 1 each, closing 30,516 shares of ₹ 1 each) (opening balance ₹ 14,019, closing balance ₹ 30,516) - - (0.00) (0.00) Short-term employee benefits: - Remuneration Not applicable 1.18 (1.24) (0.83) Share-based payment Not applicable 0.62 - - Equity shares issued pursuant to stock option scheme Not applicable 0.33 - - Dividend paid Not applicable 0.02 - - 23 Bajaj Finance Ltd. Siddhant Bajaj Son of Sanjiv Bajaj, Chairman of the Company Short-term employee benefits: Remuneration 0.30 0.09 - - 24 Bajaj Finance Ltd. Padmashree B Spouse of Vijay R, Company Secretary of the Company Consultancy charges paid 0.50 0.04 - - 25 Bajaj Finance Ltd. Ramandeep Singh Sahni Chief Financial officer of Parent Loan Given 0.03 - 0.03 Loan 0% 12 months Unsecured Consumer durables Other Income (transaction value ₹ 1,201) 0.00 - - 26 Bajaj Finance Ltd. Uma Shende Company Secretary of Parent Contribution to equity (900 shares of ₹ 1 each) (opening & closing balance ₹ 900) - - (0.00) (0.00) Dividend paid (transaction value ₹ 5,400) Not applicable 0.00 - - 27 Bajaj Finance Ltd. Atul Jain Managing Director of Bajaj Housing Finance Ltd. Contribution to equity (opening 337,910 shares of ₹ 1 each, closing 508,010 shares of ₹ 1 each) - - (0.04) (0.05) Equity shares issued pursuant to stock option scheme Not applicable 4.11 - - Fixed deposits accepted Not applicable - (2.16) (2.16) Interest accrued on fixed deposits Not applicable 0.11 (0.44) (0.54) Dividend paid Not applicable 0.29 - - 28 Bajaj Finance Ltd. Gaurav Kalani Chief Financial Officer of Bajaj Housing Finance Ltd. Contribution to equity (opening 59,120 shares of ₹ 1 each, closing 92,990 shares of ₹ 1 each) - - (0.01) (0.01) Equity shares issued pursuant to stock option scheme Not applicable 0.79 - - Dividend paid Not applicable 0.06 - - 29 Bajaj Finance Ltd. Atul Patni Company Secretary of Bajaj Housing Finance Ltd. Contribution to equity (opening 600 shares of ₹ 1 each, closing 300 shares of ₹ 1 each) (opening balance ₹ 600, closing balance ₹ 300) - - (0.00) (0.00) Loan given against flexi limit of ₹ 0.38 crore (opening & closing balance ₹ 1,000) Felxi Limit of ₹ 0.38 crore 0.30 0.00 0.00 Loan 13.25% 96 months Unsecured General Business purpose Loan repayment Received Not applicable 0.30 - - Interest income (transaction value ₹ 14,295, opening & closing balance ₹ 11) 0.06 0.00 0.00 0.00 Dividend paid (transaction value ₹ 3,600) Not applicable 0.00 - - ₹ 1 core including interest on loan and other fee income
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 30 Bajaj Finance Ltd. Punyachi Jain Daughter of Atul Jain, Managing Director of Bajaj Housing Finance Ltd. Short-term employee benefits: Remuneration 0.80 0.23 - - Share-based payment Not applicable 0.06 - - 31 Bajaj Finance Ltd. Bheemasena Subbannagari Brother of S M Narasimha Swamy Director of Bajaj Housing Finance Ltd. Loan Given (opening balance ₹ 29,292) 0.90 0.02 0.00 0.02 Loan 0% 12 months Unsecured Consumer durables Loan repayment received Not applicable 0.01 - - Other Income (transaction value ₹ 869) 0.10 0.00 - - 32 Bajaj Finance Ltd. Manish Jain Managing Director of Bajaj Financial Securities Ltd. Short-term employee benefits: Remuneration Not applicable 4.83 (5.07) (3.95) Share-based payment Not applicable 7.01 - - Equity shares issued pursuant to stock option scheme Not applicable 21.93 - - 33 Bajaj Finance Ltd. Rakesh Bhatt Director of Bajaj Financial Securities Ltd. Contribution to equity (opening 2,354 shares of ₹ 1 each) (opening balance ₹ 2,354) - - (0.00) - 34 Bajaj Finance Ltd. S Sreenivasan Director of Bajaj Financial Securities Ltd. Fixed deposits accepted Not applicable - (0.50) (0.50) Interest accrued on fixed deposits Not applicable 0.03 (0.12) (0.14) 35 Bajaj Finance Ltd. Pratik Jasani Chief Financial Officer & Director of Bajaj Financial Securities Ltd. Contribution to equity (14,310 equity shares of ₹ 1 each) (opening & closing balance ₹ 14,310) - - (0.00) (0.00) Share-based payment Not applicable 0.18 - - Dividend paid Not applicable 0.01 - - 36 Bajaj Finance Ltd. Ravikumar Dugar Company Secretary of Bajaj Financial Securities Ltd. Contribution to equity (opening 1,000 shares of ₹ 1 each, closing 250 shares of ₹ 1 each) (opening balance ₹ 1,000, closing balance ₹ 250) - - (0.00) (0.00) Short-term employee benefits: - Remuneration Not applicable 0.40 - - Share-based payment Not applicable 0.04 - - Dividend paid (transaction value ₹ 6,000) Not applicable 0.00 - - 37 Bajaj Finance Ltd. Deepak Jain Brother of Manish Jain, Managing Director of Bajaj Financial Securities Ltd. Short-term employee benefits: Remuneration 1.50 0.44 - - Share-based payment Not applicable 0.22 - -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 38 Bajaj Finance Ltd. Bajaj Auto Ltd. Entity in which Key Management Personnel and their relatives have significant influence Investment in equity shares (opening & closing balance ₹ 7,685) - - 0.00 0.00 Inter-corporate deposits accepted Not applicable 700.00 (745.00) (700.00) Inter-corporate deposits repaid Not applicable 745.00 - - Interest accrued on Inter-corporate deposits Not applicable 26.28 (22.30) (9.68) Security deposit for leased premises - - 0.21 0.21 Dividend received (transaction value ₹ 22,500) Not applicable 0.00 - - Business support charges paid 35.00 0.86 - (0.71) Rent and maintenance expenses 2.00 0.89 - - Finance lease given 56.00 13.92 21.17 31.43 Loan 9.00% to 9.25% up to 60 months Secured General Business purpose Finance lease repayment received Not applicable 4.82 - - Interest income on finance lease 10.00 1.16 - - Advance given towards lease related transactions 12.00 3.15 3.98 6.22 Advance Not applicable up to 60 months Unsecured General Business purpose Receipt of repayment towards advance given Not applicable 0.90 - - Lease management charges received 10.00 0.21 - - 39 Bajaj Finance Ltd. Bajaj Auto Technology Ltd. Entity in which Key Management Personnel and their relatives have significant influence Inter-corporate deposits accepted Not applicable - (296.80) (270.30) Inter-corporate deposits repaid Not applicable 26.50 - - Interest accrued on Inter-corporate deposits Not applicable 10.16 (7.12) (14.66) Finance lease given 14.00 0.36 1.81 1.03 Loan 9.00% up to 60 months Secured General Business purpose Finance lease repayment received Not applicable 1.19 - - Interest income on finance lease 4.00 0.05 - - Advance given towards lease related transactions 4.00 0.09 0.49 0.30 Advance Not applicable up to 60 months Unsecured General Business purpose Receipt of repayment towards advance given Not applicable 0.27 - - Lease management charges received 6.00 0.01 - - 40 Bajaj Finance Ltd. Bajaj Auto Credit Ltd. Entity in which Key Management Personnel and their relatives have significant influence Business support charges received 2.00 0.40 - - Finance lease given 14.00 0.39 0.77 1.06 Loan 9% to 9.25% up to 60 months Secured General Business purpose Finance lease repayment received Not applicable 0.14 - - Interest income on finance lease 4.00 0.04 - - Advance given towards lease related transactions 4.00 0.09 0.15 0.22 Advance Not applicable up to 60 months Unsecured General Business purpose Receipt of repayment towards advance given Not applicable 0.03 - - Lease management charges received 6.00 0.01 - -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 41 Bajaj Finance Ltd. Bajaj Holdings & Investments Ltd. Entity in which Key Management Personnel and their relatives have significant influence Investment in equity shares (Investment held in BHIL transferred to Jamnalal Sons Pvt. Ltd.) (opening balance ₹ 19,646) - - 0.00 - Security deposit for leased premises 1.00 0.26 - 0.26 Dividend received (transaction value ₹ 9,750) Not applicable 0.00 - - Business support charges paid 28.00 4.87 - - Rent and maintenance expenses 1.00 0.26 - - 42 Bajaj Finance Ltd. Hind Musafir Agency Ltd. Entity in which Key Management Personnel and their relatives have significant influence Charges for services received including actual travel fair cost 60.00 28.67 (1.76) (0.42) 43 Bajaj Finance Ltd. Bajaj Electricals Ltd. Entity in which Key Management Personnel and their relatives have significant influence Inter-corporate deposits accepted Not applicable - (285.00) (250.00) Inter-corporate deposits repaid Not applicable 35.00 - - Interest accrued on Inter-corporate deposits Not applicable 9.82 (5.39) (13.22) Interest subsidy received 7.00 4.28 0.80 0.01 Finance lease given 21.00 1.25 - 1.24 Loan 10.50% up to 60 months Secured General Business purpose Finance lease repayment received Not applicable 0.04 - - Interest income on finance lease 6.00 0.03 - - Advance given towards lease related transactions 6.00 0.15 - 0.14 Advance Not applicable up to 60 months Unsecured General Business purpose Receipt of repayment towards advance given Not applicable 0.01 - - Lease management charges received (transaction value ₹ 38,858) 9.00 0.00 - - 44 Bajaj Finance Ltd. Jamnalal Sons Pvt. Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (1,276,400 shares of ₹ 1 each) - - (0.13) (0.13) Dividend paid Not applicable 0.77 - - Transfer of Investment in BHIL (Number of shares 75) - 0.08 19-10-2026 0.08 - - 45 Bajaj Finance Ltd. Maharashtra Scooters Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (19,02,61,600 shares of ₹ 1 each) - - (19.03) (19.03) Secured non-convertible debentures issued - - (150.00) (150.00) Interest paid on non-convertible debentures 24.00 12.18 - - Dividend paid Not applicable 114.16 - - 46 Bajaj Finance Ltd. Weaver Services Pvt. Ltd. Entity in which Director is a member Inter-corporate deposits accepted Not applicable - (100.00) - Inter-corporate deposits repaid Not applicable 100.00 - - Interest accrued on Inter-corporate deposits Not applicable 3.37 (0.26) -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 47 Bajaj Finance Ltd. Yubi Private Limited (formerly known as Credavenue Pvt. Ltd.) Entity with Common Directorship Platform usage charges 1.00 0.05 - - 48 Bajaj Finance Ltd. Bachhraj Factories Pvt. Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (720,000 shares of ₹ 1 each) - - (0.07) (0.07) Dividend paid Not applicable 0.43 - - 49 Bajaj Finance Ltd. Baroda Industries Pvt. Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (1,176,000 shares of ₹ 1 each) - - (0.12) (0.12) Dividend paid Not applicable 0.71 - - 50 Bajaj Finance Ltd. Bajaj Sevashram Pvt. Ltd. Entity in which Key Management Personnel and their relatives have significant influence Contribution to equity (3,085,000 shares of ₹ 1 each) - - (0.31) (0.31) Dividend paid Not applicable 1.85 - - 51 Bajaj Finance Ltd. Bajaj Auto Ltd. Provident Fund Post employment benefit plans Unsecured non-convertible debentures issued - - (15.00) - Unsecured non-convertible debentures redemption Not applicable 15.00 - - Interest paid on non-convertible debentures 3.00 1.33 - - 52 Bajaj Finance Ltd. Bajaj Auto Employees Group Gratuity Fund Post employment benefit plans Gratuity contribution 30.00 0.59 - - 53 Bajaj Finance Ltd. Bajaj Auto Employees Superannuation Fund Post employment benefit plans Superannuation contribution 1.00 0.14 - - 54 Bajaj Finance Ltd. Bachhraj & Co Ltd Provident Fund Institution Post employment benefit plans of related parties Secured non-convertible debentures issued - - (1.60) (2.00) Unsecured non-convertible debentures issued - - (0.30) - Unsecured non-convertible debentures redemption Not applicable 0.30 - - Interest paid on non-convertible debentures 1.00 0.11 - - 55 Bajaj Finance Ltd. Bajaj International Provident Fund Institution Post employment benefit plans of related parties Secured non-convertible debentures issued - - (0.10) (0.20) Interest paid on non-convertible debentures 1.00 0.01 - - 56 Bajaj Housing Finance Ltd. Bajaj Finserv Ltd. Ultimate Parent Business support charges paid 13.00 3.39 - - Fair value of ESOP charged 1.00 0.65 - - Asset Sales (transaction value ₹ 19,945) 1.00 0.00 - - 57 Bajaj Housing Finance Ltd. Bajaj Financial Securities Ltd. Fellow Subsidiary Company's contribution towards NPS 3.00 0.83 - - 58 Bajaj Housing Finance Ltd. Bajaj General Insurance Ltd. Subsidiary of Ultimate Parent Secured non-convertible debentures issued - - (700.00) (700.00) Interest paid on non-convertible debentures 70.00 54.50 - - Advance towards insurance - - 5.69 0.59 Insurance expenses 8.00 4.46 - - Commission income 12.00 0.58 0.09 -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 59 Bajaj Housing Finance Ltd. Bajaj Life Insurance Ltd. Subsidiary of Ultimate Parent Unsecured non-convertible debentures issued - - (1,550.00) (1,550.00) Secured non-convertible debentures issued - - (150.00) (310.00) Interest paid on non-convertible debentures 155.00 12.08 - - Advance towards insurance - - 1.56 0.36 Insurance expenses 3.00 1.03 - - Commission income 140.00 21.32 5.65 3.55 Marketing, Branding and allied service charges received 8.00 0.56 0.19 - 60 Bajaj Housing Finance Ltd. Bajaj Finserv Direct Ltd. Subsidiary of Ultimate Parent Business support fees and commission paid (opening balance ₹ 22,990) 5.00 1.02 (0.00) - Information technology design and development charges paid 4.00 1.40 - - 61 Bajaj Housing Finance Ltd. Snapwork Technologies Pvt. Ltd. Associate of Parent Information technology design and development charges paid 2.00 0.22 - - Information technology support and usage charges paid 2.00 0.11 - - 62 Bajaj Housing Finance Ltd. Pennant Technologies Pvt. Ltd. Associate of Parent Information technology design and development charges paid 12.00 4.52 - - Information technology support and usage charges paid 4.00 0.87 - - 63 Bajaj Housing Finance Ltd. Sanjiv Bajaj Chairman Short-term employee benefits: Sitting fees 0.33 0.06 - - Commission 0.67 - (0.31) - 64 Bajaj Housing Finance Ltd. Rajeev Jain Vice Chairman Short-term employee benefits: Sitting fees (As non-executive Director) As approved by Board 0.22 - - Commission As approved by Board - (0.52) - 65 Bajaj Housing Finance Ltd. Atul Jain Managing Director Contribution to equity (7,276 shares of ₹ 10 each) - - (0.01) (0.01) Short-term employee benefits: Remuneration As approved by Board/Company 4.77 (7.62) (1.82) Share-based payment Based on stock options granted 8.66 - - 66 Bajaj Housing Finance Ltd. Anami N Roy Director Short-term employee benefits: Sitting fees As approved by Board 0.18 - - Commission As approved by Board - (0.43) - 67 Bajaj Housing Finance Ltd. Dr. Arindam Bhattacharya Director Short-term employee benefits: Sitting fees As approved by Board 0.10 - - Commission As approved by Board - (0.43) -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 68 Bajaj Housing Finance Ltd. Jasmine Arish Chaney Director Short-term employee benefits: Sitting fees As approved by Board 0.22 - - Commission As approved by Board - (0.45) - 69 Bajaj Housing Finance Ltd. S M Narasimha Swamy Director Short-term employee benefits: Sitting fees As approved by Board 0.08 - - Commission As approved by Board - (0.29) - 70 Bajaj Housing Finance Ltd. Ajay Kumar Choudhary Director Short-term employee benefits: Sitting fees As approved by Board 0.06 - - Commission As approved by Board - (0.02) - 71 Bajaj Housing Finance Ltd. Gaurav Kalani Chief Financial Officer Contribution to equity (7,276 shares of ₹ 10 each) - - (0.01) - Short-term employee benefits: Remuneration As approved by Board/Company 1.03 (0.75) - Share-based payment Based on stock options granted 0.61 - - 72 Bajaj Housing Finance Ltd. Atul Patni Company Secretary Short-term employee benefits: Remuneration As approved by Board/Company 0.34 (0.24) (0.13) Share-based payment Based on stock options granted 0.08 - - 73 Bajaj Housing Finance Ltd. Ramandeep Singh Sahni Chief Financial Officer of ultimate parent company Contribution to equity (214 shares of ₹ 10 each) (opening & closing balance ₹ 2,140) - - (0.00) (0.00) 74 Bajaj Housing Finance Ltd. Sanjiv Sahai Director of ultimate parent company Contribution to equity (2,000 shares of ₹ 10 each) (opening & closing balance ₹ 20,000) - - (0.00) (0.00) 75 Bajaj Housing Finance Ltd. S Sreenivasan Director of Bajaj Financial Securities Ltd. Contribution to equity (2,996 shares of ₹ 10 each) (opening and closing balance ₹ 29,960) - - (0.00) (0.00) 76 Bajaj Housing Finance Ltd. Sandeep Jain Chief Financial Officer & Chief Operating Officer of parent Contribution to equity (7,062 shares of ₹ 10 each) - - (0.01) (0.01) 77 Bajaj Housing Finance Ltd. Ravikumar Dugar Company Secretary of Bajaj Financial Securities Ltd. Contribution to equity (opening 1,062 shares of ₹ 10 each) (opening balance ₹ 10,620) - - (0.00) - 78 Bajaj Housing Finance Ltd. Bajaj Auto Ltd. Entity in which Key Management Personnel and their relatives have significant influence Security deposit for leased premises As per lease agreement - 0.03 0.03 Business support charges paid 5.00 0.17 - (0.27) Rent and maintenance expenses 1.00 0.03 - -
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Details of the party (listed entity /subsidiary) entering into the transaction Name Name Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedne ss (loan/ issuance of debt/ any other etc.) Details of other indebte dness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage) In case monies are due to either party as a result of the transaction Bajaj Finance Limited (A) Disclosure of transactions with related parties (₹ in crore) Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken. Sr. No. Details of the counterparty Type of related party transaction Value of the related party transaction as approved by the audit committee In case any financial indebtedness is incurred to make or give loans, inter- corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period (H1FY27) 79 Bajaj Housing Finance Ltd. Bajaj Holdings & Investments Ltd. Entity in which Key Management Personnel and their relatives have significant influence Security deposit for leased premises As per lease agreement 0.17 0.19 0.36 Rent and maintenance expenses 1.00 0.20 - - Business support charges paid 3.00 0.54 - - 80 Bajaj Housing Finance Ltd. Maharashtra Scooters Ltd. Entity in which Key Management Personnel and their relatives have significant influence Secured non-convertible debentures issued - - (50.00) (50.00) Interest paid on non-convertible debentures 9.00 4.05 - - 81 Bajaj Housing Finance Ltd. Hind Musafir Agency Ltd. Entity in which Key Management Personnel and their relatives have significant influence Charges for services received including actual travel fare cost 8.00 2.01 - - 82 Bajaj Housing Finance Ltd. Bajaj Staffing Solutions Ltd. Entity in which Key Management Personnel and their relatives have significant influence Manpower supply services 25.00 1.20 - - 83 Bajaj Financial Securities Ltd. Bajaj Finserv Ltd. Ultimate Parent Business support charges paid Not applicable 0.07 - - 84 Bajaj Financial Securities Ltd. Bajaj General Insurance Ltd. Subsidiary of Ultimate Parent Insurance expenses Not applicable 1.60 - - 85 Bajaj Financial Securities Ltd. Bajaj Life Insurance Ltd. Subsidiary of Ultimate Parent Insurance expenses Not applicable 0.38 - - 86 Bajaj Financial Securities Ltd. Bajaj Finserv Direct Ltd. Subsidiary of Ultimate Parent Sourcing Commission Paid Not applicable 0.10 - - Asset purchases (transaction value ₹ 24,750) Not applicable 0.00 - - Information technology support and usage charges paid Not applicable 1.34 - - 87 Bajaj Financial Securities Ltd. Bajaj Alternate Investment Management Ltd. Subsidiary of Ultimate Parent Asset sales Not applicable 0.42 - - Business support charges paid Not applicable 0.23 - - 88 Bajaj Financial Securities Ltd. Snapwork Technologies Pvt. Ltd. Associate of Parent Information technology support and usage charges paid Not applicable 0.15 - - Asset purchases Not applicable 0.02 - - 89 Bajaj Financial Securities Ltd. Pratik Jasani Chief Financial Officer & Director of Bajaj Financial Securities Ltd. Short-term employee benefits: Remuneration Not applicable 0.77 - - Share-based payment Not applicable 0.32 - - 90 Bajaj Financial Securities Ltd. Hind Musafir Agency Ltd. Entity in which Key Management Personnel and their relatives have significant influence Charges for services received including actual travel fair cost (opening balance ₹ 1.938, closing balance ₹ 950) Not applicable 0.15 (0.00) (0.00)
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Opening Balance Closing Balance 1 Bajaj Finance Ltd. All Related Party Relatives of key management personnel (KMP) Contribution to equity (opening 4,019,981 shares of ₹ 1 each, closing 4,020,974 of ₹ 1 each) - - (0.40) (0.40) Fixed deposit accepted Not applicable 1.54 (16.56) (14.38) Fixed deposits repaid Not applicable 4.35 - - Interest accrued on fixed deposit Not applicable 0.75 (2.38) (2.44) Dividend paid Not applicable 2.41 - - 2 Bajaj Finance Ltd. All Related Party Promoter group and relatives of promoter group Contribution to equity (1,930,150 shares of ₹ 1 each) - - (0.19) (0.19) Dividend paid Not applicable 1.16 - - 3 Bajaj Housing Finance Ltd. All Related Party Relatives of key management personnel (KMP) Contribution to equity (opening 24,806 shares of ₹ 10 each, closing 28,858 shares of ₹ 10 each) - - (0.02) (0.03) 1 2 3 4 5 6 7 8 9 10 11 S.N. Name of the listed entity/ subsidiary entering into the transaction Name of the counterparty Relationship of the counterparty with the listed entity /subsidiary Value of Commitment as on 30 Sep 2026 1 Bajaj Finance Ltd. Bajaj Housing Finance Ltd. Subsidiary 2,500.00 2 Bajaj Finance Ltd. Bajaj Financial Securities Ltd. Subsidiary 1,500.00 3 Bajaj Finance Ltd. Bajaj Finserv Direct Ltd. Fellow Subsidiary 3.12 4 Bajaj Finance Ltd. Pennant Technologies Pvt. Ltd. Associate 6.12 5 Bajaj Finance Ltd. Pratik Jasani Chief Financial Officer & Director of Bajaj Financial Securities Ltd. 0.25 6 Bajaj Finance Ltd. Atul Patni Company Secretary of Bajaj Housing Finance Ltd. 0.38 BAJAJ FINANCE LIMITED (B) Disclosure of transaction with individual related parties on aggregate basis which are not part of A above (₹ in crore) S.N. Details of the party (listed entity/ subsidiary) entering into the transaction Name of the counterparty Relationship of the counterparty with the listed entity /subsidiary Type of related party transaction Value of the related party transaction as approved by the audit committee Fixed deposits/Inter-corporate deposits accepted as detailed above are at the terms uniformly applicable/offered to all shareholders/public. Value of the transaction during the reporting period (H1FY27) Outstanding amounts carried in Balance Sheet Notes:- Transaction values (TV) are excluding taxes and duties. Amount in bracket denotes credit balance. Transactions passed through Company’s books of accounts, where company is acting as an intermediary, are not in the nature of related party transaction and hence not disclosed. Related parties have been identified based on representations made by Key Management Personnel and information available with the Company. During the half-year, Bajaj Financial Securities Ltd. (BFinsec) has charged brokerage and other transaction charges amounting to ₹ 1.52 crore related to sale of securities on behalf of the Company’s loan against securities customers. The Company receives net sale value i.e. after deduction of these charges which are ultimately borne by its customers. The Company does not recognise these customer related charges in its statement of profit and loss. Amount receivable from BFinsec as on 30 Sep 2026, net of transaction charges is ₹ 2.69 crore (opening balance ₹ 4.91 crore) towards such sale transaction on behalf of loan against shares customers has been shown as payable to customers. During the half-year, Bajaj Financial Securities Ltd. has received Broking and other charges including interest on margin trade funding with respect to purchase and sale of securities amounting to ₹ 0.74 crore from 35 related parties. Net amount receivable towards such transactions and margin trade funding amounts to ₹ 0.14 crore (opening receivable balance ₹ 0.17 crore from 36 parties) as on 30 Sep 2026 from 27 related parties. Unsecured Flexi term loan facility of ₹ 0.38 crore "0.00" represents the amount below ₹ 50,000. Non-convertible debentures (NCDs) transactions include only issuance from primary market, and outstanding balance is balances of NCDs held by related parties as on reporting date. All transactions are in the ordinary course of business and on arms' length basis. Details of commitment given to related parties as below - (₹ in crore) Nature of Transaction Unsecured Flexi term loan facility (Upto 84 months tenor from the date of each drawal, and interest rate at arm's length) Unsecured Flexi term loan facility (Upto 24 months tenor from the date of each disbursement, and interest rate at arm's length) Information technology development and customisation charges Unsecured Flexi term loan facility of ₹ 0.25 crore Information technology development and customisation charges