Bajaj Auto shares fall 2% as firm, subsidiary fall prey to ransomware attack

Published 24 June 2026 · finance

Shares of Bajaj Auto fell 2% to Rs 9,835 on the BSE on Wednesday after the company disclosed a ransomware attack that affected the systems

Shares of Bajaj Auto fell 2% to Rs 9,835 on the BSE on Wednesday after the company disclosed a ransomware attack that affected the systems of both Bajaj Auto and its wholly owned subsidiary, Bajaj Auto Technology Ltd (BATL).The cybersecurity incident occurred on June 23, 2026, at around 8:00 am, the company said in a regulatory filing. The company added that its technical team, along with cybersecurity experts and management, responded immediately after becoming aware of the attack and initiated precautionary measures to contain and mitigate the impact.Bajaj Auto share buybackThis development comes on a key date for shareholders, as June 24 is the record date for Bajaj Auto's Rs 5,632 crore share buyback.

Investors who held shares at the close of trading on June 23 will be eligible to participate in the buyback; the company determines eligible shareholders based on its records as of the record date.The buyback, announced along with the company's March-quarter earnings, involves repurchasing up to 46.94 lakh equity shares at Rs 12,000 per share through the tender offer route. The proposed buyback represents 1.68% of Bajaj Auto's total outstanding equity shares.Sensex, Nifty today: Catch all the LIVE stock market action here Under the tender offer mechanism, eligible shareholders can tender their shares to the company at the fixed buyback price of Rs 12,000 per share.

The tendering window will open on July 1, 2026 and close on July 7, 2026, spanning five working days.Promoters, promoter group entities, and persons in control of the company have stated they do not intend to participate in the buyback. Consequently, their holdings will not be considered while determining the entitlement ratio.Bajaj Auto Q4 snapshotFor the March quarter, Bajaj Auto reported a standalone net profit of Rs 2,746 crore, up 34% from Rs 2,049 crore in the corresponding period last year. Revenue from operations rose 32% year-on-year to Rs 16,006 crore, compared with Rs 12,148 crore in the year-ago quarter.Bajaj Auto's double-digit PAT and revenue growth were driven by a 24% YoY rise in volumes, which stood at 13.71 lakh units compared with 11.02 lakh units in the corresponding quarter of the previous financial year.

Volumes were also up 2% QoQ. Domestic volumes rose 24% YoY to over 7.60 lakh units, while exports increased 25% to 6.10 lakh units.On a consolidated basis, FY26 PAT jumped 47% YoY to Rs 10,744 crore, while revenue recorded a 23% increase to Rs 62,905 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)