Bajaj Auto Limited — Others, 20-11-2024: Action(s) taken or orders passed

Bajaj Auto has announced a board meeting to discuss the recent Compounding Order from the Reserve Bank of India regarding an inadvertent ODI-FDI structure created through an investment in KTM AG from 2007. The company has agreed to pay a compounding fee of ₹2.2 crore, which is deemed non-material and is not expected to impact its operations significantly. This proactive step towards compliance underscores the company's commitment to regulatory adherence, potentially shaping a positive outlook among investors by mitigating risks related to governance issues.