Bajaj Auto Limited — Important, 31-03-2025: Agreements

Bajaj Auto International Holdings BV, a wholly-owned subsidiary of Bajaj Auto Limited, has subscribed to convertible bonds worth €50 million (approximately Rs. 461.6 crore) issued by Pierer Bajaj AG. This transaction, approved by the company's Audit Committee, is aimed at facilitating funding for the phased resumption of KTM AG's motorcycle production. The bonds come with conversion rights and a maturity date of March 31, 2028. This strategic financial maneuver could provide Bajaj Auto with enhanced exposure to the growing European motorcycle market, signaling a positive outlook for future operations.