Bajel Projects Limited’s board has approved an increase in the company’s borrowing limits from the existing ₹3,500 crore to ₹5,000 crore. This decision, made during the board meeting on May 27, 2026, is subject to shareholder approval at the upcoming 4th Annual General Meeting (AGM).
The board also recommended a final dividend of ₹0.60 per share, representing 30% of the face value of ₹2 each, for the financial year ending March 31, 2026. This dividend proposal will be presented to shareholders at the AGM, scheduled for August 7, 2026, and, if approved, will be distributed on or after August 11, 2026. The record date for determining eligible shareholders for the dividend is set for July 31, 2026.
In addition to financial matters, the board announced changes in key managerial positions. Mr. Ajay Nagle will step down as Company Secretary and Chief Compliance Officer effective May 27, 2026, but will continue as Executive Director until his retirement on August 31, 2026. Ms. Amee Joshi has been appointed as the new Company Secretary and Chief Compliance Officer, effective immediately.
The board also appointed Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director, effective May 27, 2026. This appointment is pending shareholder approval at the AGM.
The meeting, which commenced at 1:38 PM and concluded at 4:05 PM, also confirmed the date for the 4th AGM, which will be held via video conferencing.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).