NEW DELHI: Bajaj Auto Ltd on Wednesday mentioned its Vice Chairman Madhur Bajaj has resigned resulting from well being causes. In a regulatory submitting, Bajaj Auto mentioned Madhur Bajaj has tendered his resignation from his place within the firm with impact from the shut of enterprise hours on January 24, 2024.
In his resignation letter, Bajaj mentioned contemplating his age and present well being and after being related to the corporate for 44 years he wished to step down because the Vice Chairman and non-executive Director of Bajaj Auto.
“I consider now could be the time for me to pursue my different pursuits and commitments,” he added.
Additional, Bajaj Auto mentioned its impartial director Lila Poonawalla has expressed her want to not search a second time period when her first time period ends on March 31, 2024.
The board has accredited re-appointment of Pradip Shah as an impartial director for the second five-year time period efficient from April 1, 2024 and in addition advisable to the shareholders, the appointment of Vinita Bali as an impartial director for the primary five-year time period efficient from April 1, 2024.
The corporate will search approval from shareholders for re-appointment of Shah and appointment of Bali, the submitting mentioned.
In his resignation letter, Bajaj mentioned contemplating his age and present well being and after being related to the corporate for 44 years he wished to step down because the Vice Chairman and non-executive Director of Bajaj Auto.
“I consider now could be the time for me to pursue my different pursuits and commitments,” he added.
Additional, Bajaj Auto mentioned its impartial director Lila Poonawalla has expressed her want to not search a second time period when her first time period ends on March 31, 2024.
The board has accredited re-appointment of Pradip Shah as an impartial director for the second five-year time period efficient from April 1, 2024 and in addition advisable to the shareholders, the appointment of Vinita Bali as an impartial director for the primary five-year time period efficient from April 1, 2024.
The corporate will search approval from shareholders for re-appointment of Shah and appointment of Bali, the submitting mentioned.
