Proxy Firm IiAS Opposes Rajeev Jain’s Reappointment As Vice Chairman Of Bajaj Finance

Institutional Investor Advisory Services (IiAS) has recommended that shareholders vote against the reappointment of Rajeev Jain as Vice Chairman and Executive Director of Bajaj Finance starting April 2025.

The firm cited concerns over Corporate Governance, transparency, and inadequate disclosures. Voting began on May 9 and will conclude on June 7. The Board has also proposed the redesignation of Anup Kumar Saha as Managing Director (MD) until March 2028. While analysts support Jain’s continuity for stability, IiAS flagged both proposals under its ‘Governance Matters’ category. It has supported resolutions for a bonus issue and stock split.

IiAS also noted that companies with significant public shareholding should ensure higher standards of governance and clearer communication to maintain investor trust.