Bajaj Auto Limited announced that Shri Rahul Bajaj, the Whole-time director & Chairman of the company who has been a director of the Company since 1 April 1970, was last re-appointed by the Board for a five year term with effect from 1 April 2015. The tenure of appointment of Shri Rahul Bajaj as Executive Chairman is expiring on 31 March 2020. Due to certain commitments and other pre-occupation, Shri Rahul Bajaj has decided not to continue as a Whole-time director of the Company after the expiry of his current term on 31 March 2020. The Board of Directors at its meeting held on January 30, 2020 & as recommended by Nomination and Remuneration Committee has approved the appointment of Shri Rahul Bajaj as Non-executive director with the designation continuing as Chairman of the Company with effect from 1 April 2020, subject To Approve the shareholders.