Bajaj Finance Limited informed that the Board of Directors, based on the recommendation of Nomination and Remuneration Committee, at its Meeting held, i.e., 16 March 2023 have approved the following: 1. Appointment of an Independent Director Appointed Dr. Arindam Bhattacharya (DIN: 01570746) as an Independent Director of the Company with effect from 1 April 2023 for a period of 5 (five) years, subject to the approval of the members. 2. Appointment of Executive Directors A. Shri Anup Saha Appointed Shri Anup Saha (DIN: 07640220) as an Executive Director of the Company with effect from 1 April 2023 for a period of 5 (five) years, subject to the approval of the members. B. Shri Rakesh Bhatt Appointed Shri Rakesh Bhatt (DIN: 02531541) as an Executive Director of the Company with effect from 1 April 2023 for a period of 5 (five) years, subject to the approval of the members.

Further, the Board has authorised Shri Anup Saha and Shri Rakesh Bhatt for determining the materiality of an event or information and for the purpose of making disclosures to stock exchange(s) under Regulation 30 of SEBI Listing Regulations.