Bajaj Finance Limited announced that Shri Rahul Bajaj, Non-executive Director of the Company, having been at the helm of the Company since its inception in 1987 and the Group for over five decades, considering his age has tendered his resignation as non-executive director of the Company with effect from close of business hours on 30 April 2021. The Board of Directors at its meeting held on 27 April 2021 and as recommended by Nomination and Remuneration Committee has approved the appointment of Shri Rahul Bajaj as Chairman Emeritus of the Company for a term of five years with effect from 1 May 2021. Shri Rahul Bajaj will not accept any emoluments for taking up this position.