Bajel Projects Ltd

Capital / Securities

• Allotment of 22,050 equity shares to 18 employees under SP ESOP Scheme 2023 approved on Sep 29, 2026.
• Post-allotment issued equity shares: 11,57,18,985; paid-up capital Rs 23,14,37,970.
• ISIN INE0KQN01018; shares rank pari-passu with existing.
• Date of issue: 29 September 2026.

Bajel Projects Limited — Closure of Trading Window from October 1, 2026 till 48 hours after the unaudited financial results for the quarter and half year ended September 30, 2026 are announced

Meeting Details

• Date: 16 September 2026; Virtual, one-on-one meet; Mumbai; Organiser: Bajel Projects Ltd.

Participants

• Company participants: not disclosed.

Purpose

• Schedule of Analyst/Institutional Investors Meet for investor interaction.

Additional Notes

• No recording or presentation details provided.

Board approval and results

• Unaudited standalone and consolidated Q1 2026 results approved by the Board.
• Limited Review Report by statutory auditors enclosed.
• Board meeting held August 7, 2026; results approved.
• Independent auditor's review concluded no material misstatement.

Arbitration and associate investment

• Ongoing arbitration with three customers; outcome not yet determined.
• Total arbitration balances outstanding: INR 859.55 million (net of provision) as of Jun 30, 2026.
• Acquired 26% equity stake in Anant Grid Projects One Pvt Ltd; Rs 7.03 lakhs.
• Consolidated results reflect Company share of associate loss Rs 2.84 lakhs.
• Standalone investment in Anant Grid Projects One Pvt Ltd carried at cost.

Executive Director retirement

• Mr. Ajay Suresh Nagle, Executive Director, retires upon completion of tenure.
• Retirement effective from the close of business on August 31, 2026.

Executive Director retirement

• Name and designation: Mr. Ajay Suresh Nagle, Executive Director.
• Reason for retirement: completion of tenure.
• Effective date: close of business on 31 August 2026.

Key development

• PFCCL issued LoI declaring AGPOPL the successful bidder for Lakadia Part-A TBCB transmission project.
• AGPOPL is a Bajel Projects NIIF joint venture holding 26% and 74% respectively.

Project scope

• Project comprises approximately 270 km of 765 kV double-circuit lines Halvad to Vadodara.
• Additional works at Halvad, Vadodara and South Olpad substations.

Strategic context

• Collaboration with NIIF and AnantGrid to pursue transmission opportunities via the TBCB route.
• The alliance supports India's target of 500 GW renewable capacity by 2030.

Ultra-mega order win

• Ultra-mega order valued at INR 600+ crore for TL05 765kV transmission line.
• Scope covers 765kV double-circuit lines linking Raigarh (Tamnar), Raigarh (Kotra) and Dharamjaygarh.
• Order expands Bajel’s high-voltage transmission order book.

Award details

• Awarding entity: PowerGrid Corporation of India Limited (via SPV WR-ER Part A Power Transmission Limited).
• Nature/scope: EPC contract for 765 kV transmission line construction under TL05 package.
• Scope details: Bypasses, LILO, and inter-regional expansion works.
• Contract value: Ultra Mega Order; value not disclosed.
• Domestic vs international: Domestic entity.
• Time period: 33 months from award notification.
• Significant terms: 33-month EPC; TBCB route; WR-ER inter-regional expansion; ordinary course.
• Promoter interest: No.
• Related party transaction: Not applicable.