Bajaj Auto on Thursday informed stock exchanges that its board of directors will consider a proposal for the buyback of fully paid-up equity shares at its meeting on May 6, 2026. The company said the proposal would be taken up “in accordance with the applicable provisions of the Companies Act, 2013…, the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws.”
In a letter addressed to BSE and NSE, Bajaj Auto said, “The Board of Directors of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company and other matters necessary and incidental thereto, at its meeting to be held on 06 May 2026.”
The intimation has been filed under Regulation 29(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which specifically covers consideration of proposals for buybacks.
The company also highlighted that the trading window for dealing in its securities has been closed for designated persons and their immediate relatives from April 1 to May 8, 2026, “as per the Company’s Code of Conduct framed pursuant to the provisions of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended.”
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It added that the trading window “shall be deemed to be closed in respect of the aforementioned buyback proposal as well, in accordance with applicable laws.”
Buyback offers in FY27
The fresh move from Bajaj Auto also comes against the backdrop of a growing wave of buybacks announced by large-cap names in April. IT major Wipro has already cleared a sizeable share repurchase of ₹15,000 crore via the tender route this month, approving the buyback of fully paid-up equity shares of face value ₹2 at a price of ₹250 per share. According to the company’s exchange filing and subsequent investor communication, the buyback, cleared at the April 16, 2026 board meeting, will be carried out “through the tender offer route via the stock exchange mechanism” for an aggregate amount not exceeding ₹15,000 crore.Wipro’s latest move follows its earlier capital return history, including a ₹12,000 crore buyback at ₹445 per share in 2023, and is being seen as an attempt to utilise a large net cash pile and support a stock that has underperformed over the past year. Market commentary around the announcement has underlined how the company is leveraging its cash balance to “enhance shareholder value” even as investors remain cautious on the broader IT demand and AI-related disruption.
Pharma heavyweight Aurobindo Pharma, too, has joined the buyback bandwagon this month. Its board, at a meeting held on April 6, 2026, approved a share buyback of up to ₹800 crore via the tender offer route. The company plans to repurchase up to 54.24 lakh shares of face value ₹1 each at a price of ₹1,475 per share, with the record date fixed as April 12, 2026 and the buyback window running from April 23 to April 29, 2026. Aurobindo has positioned the move as a calibrated way to deploy surplus cash while offering an exit at a significant premium to prevailing market prices.
Bajaj Auto Share Buyback History
Against this backdrop, Bajaj Auto’s board move adds the auto major to a growing list of cash-rich companies opting to return capital amid limited near-term capex requirements and strong free cash flows. Details around the size, structure (tender vs open market), price, and timeline of the proposed buyback will only be known after the May 6 board meeting.
This will be Bajaj Auto’s third buyback in recent years, after the two-wheeler maker executed a Rs 4,000 crore buyback via tender offer in 2024 and Rs 2,500 crore open-market buyback in 2022.
The 2024 buyback was done at a price of Rs 10,000 per share while the June 2022 was at Rs 4,600 per share.
Bajaj Auto shares were trading 2.2% higher at Rs 9,760 on NSE after today’s announcement.
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