Summary:
Bajaj Auto shares fell up to 2.5% on June 24 after the company disclosed a ransomware attack that affected its systems and those of its subsidiary, Bajaj Auto Technology Ltd. The company said it acted immediately to contain the incident and has reported the matter to CERT-In. The decline came on the record date for Bajaj Auto’s ₹5,632 crore share buyback, under which eligible shareholders can tender shares at ₹12,000 per share. The buyback will cover up to 46.94 lakh shares through the tender offer route between July 1 and July 7, 2026. Despite the cybersecurity incident, Bajaj Auto reported strong FY26 results, with consolidated profit rising 47% and revenue increasing 23%.
Shares of Bajaj Auto declined up to 2.5% on June 24, emerging as the top loser on the Nifty index after the company disclosed a ransomware attack that impacted the systems of Bajaj Auto and its wholly-owned subsidiary, Bajaj Auto Technology Ltd. The stock was trading 2.1% lower at ₹9,809 apiece around 10:05 AM, while it also touched ₹9,835 on the BSE during the session.
Company Confirms Cybersecurity Incident
In a regulatory filing, Bajaj Auto said a cybersecurity incident involving a ransomware attack occurred on June 23, 2026, at around 8:00 AM IST. The attack affected the systems of both Bajaj Auto and Bajaj Auto Technology Ltd.
The company stated that immediately after becoming aware of the incident, its technical team, management and cybersecurity experts responded promptly and initiated precautionary actions and protocols to contain and mitigate the impact. According to the company, these measures have been successful based on the information available so far.
Bajaj Auto further informed that the incident has been reported to the Indian Computer Emergency Response Team (CERT-In) in accordance with the provisions of the Information Technology Act, 2000.
Buyback Record Date on June 24
The ransomware disclosure came on an important date for shareholders, as June 24 is the record date for Bajaj Auto’s ₹5,632 crore share buyback.
Investors who held Bajaj Auto shares at the close of trading on June 23 will be eligible to participate in the buyback. The company will determine eligible shareholders based on its records as of the record date.
The buyback proposal was announced along with the company’s March quarter results. Under the plan, Bajaj Auto will repurchase up to 46.94 lakh equity shares at a fixed price of ₹12,000 per share through the tender offer route. The buyback size represents 1.68% of the company’s total outstanding equity shares.
Tender Offer Details
Under the tender offer mechanism, eligible shareholders can tender their shares to the company at the buyback price of ₹12,000 per share.
The tendering window will open on July 1, 2026, and close on July 7, 2026, covering five working days. Promoters, promoter group entities and persons in control of the company have indicated that they do not intend to participate in the buyback. As a result, their holdings will not be considered while calculating the entitlement ratio.
The current buyback price of ₹12,000 per share is 20% higher than the ₹10,000 per share offered in the company’s 2024 buyback. The previous buyback covered 1.41% of the outstanding equity capital.
Strong Q4 and FY26 Performance
Despite the recent cybersecurity incident, Bajaj Auto delivered strong financial performance in the March quarter. Standalone net profit rose 34% to ₹2,746 crore from ₹2,049 crore a year earlier, while revenue from operations increased 32% to ₹16,006 crore from ₹12,148 crore.
The growth was supported by a 24% increase in volumes to 13.71 lakh units compared with 11.02 lakh units in the corresponding quarter last year. Volumes also grew 2% sequentially. Domestic volumes climbed 24% to more than 7.60 lakh units, while exports rose 25% to 6.10 lakh units.
On a consolidated basis, FY26 profit after tax jumped 47% to ₹10,744 crore, while revenue increased 23% to ₹62,905 crore.
Shareholding Pattern
As of the March quarter, promoters held a 55% stake in Bajaj Auto. The company had nearly 3 lakh retail shareholders, compared with 1.87 lakh at the end of December 2023. Retail ownership stood at 5.62%, broadly stable from 5.43% earlier.
Mutual fund ownership increased to 7.17% from 5.32% over the last two years. Bajaj Auto shares ended the previous trading session 2.36% lower at ₹9,950 and have gained 19% over the past 12 months.
