Mumbai, May 20 -- Proxy advisory firm IiAS has recommended Bajaj Finance Ltd's shareholders to vote against the reappointment of Rajeev Jain as vice-chairman and executive director, citing lack of clarity over the full remuneration, including stock options granted to him.

According to IiAS, Bajaj Finance has not disclosed the stock options granted to Jain in FY25 and the proposed terms are silent on the future grants from the company and Bajaj Finserv, the holding company.

Jain was paid Rs.22.9 crore in FY25, excluding fair value of stock options, and Rs.54.63 crore in FY24, including fair value of stock options. Between FY20 and FY24, stock options comprised more than 50% of his total remuneration.

"Given the lack of clarity on stock ...