Bajaj Holdings & Investment Limited announced that the Change in designation of Shri Niraj Bajaj, the Non-executive Chairman as Non-executive Vice-Chairman of the Company. Considering the increasing roles and responsibilities in various Bajaj group entities, Shri Niraj Bajaj has expressed his intention to relinquish his position as Chairman of the Company with effect from hours of 30 April 2021. However, considering his valuable performance as Chairman of the Company over the past two years and to leverage his experience, the Board at its meeting held on April 29, 2021, has approved the appointment of Shri Niraj Bajaj as the Non-executive Vice-chairman of the Company with . effect from 1 May 2021. The company also appointment of Shri Shekhar Bajaj as an Additional Director and as Non-Executive Chairman of the Company with effect from 1 May 2021, based on the recommendations of the Nomination & Remuneration committee. Shri Shekhar Bajaj is the Chairman and Managing Director of Bajaj Electricals Limited. He has been the Past President of ASSOCHAM, IMC, ELCOMA, IFMA and CFBP. He is on the board of Bajaj Auto Ltd., Hercules Hoists Ltd. and many other companies. He was recently conferred with an Honorary Doctorate for his long and outstanding service to the industry.