Bajaj Auto Limited Invests Rs. 12 Crores in Clean Max Godavari Private Limited for Open Access Group Captive Power Purchase Arrangement

Bajaj Auto Limited has approved an additional investment of up to Rs. 12 Crores in Clean Max Godavari Private Limited (CMGPL) for the Open Access Group Captive Power Purchase Arrangement. This investment will be used to supply wind and solar energy to the Company’s plants located at Akurdi and Chakan (Plant — 2), Pune. CMGPL, incorporated under the Companies Act, 2013 on 23 September 2024, is in the business of developing and operating captive hybrid power projects. The turnover of CMGPL as on 31 March 2025 was Nil. This investment will not fall under related party transactions and no promoter/promoter group companies have any interest in CMGPL. The funds will be invested in a phased manner during the next 12 months. Bajaj Auto Limited will continue to hold 26% equity stake in CMGPL.