Bajel Projects has announced several key decisions following its Board of Directors meeting held on May 27, 2026. The company has approved 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 is subject to shareholder approval at the forthcoming 4th Annual General Meeting (AGM) and is scheduled for payment on or after August 11, 2026.
In addition to the dividend declaration, Bajel Projects has increased its borrowing limits. The Board has approved a rise in the borrowing capacity under Section 180(1)(c) of the Companies Act, 2013, from the existing ₹3,500 crore to ₹5,000 crore. This increase is also subject to shareholder approval at the upcoming AGM.
The company has also made significant changes in its senior management. Mr. Ajay Nagle, the current Executive Director, Company Secretary, and Chief Compliance Officer, has expressed his intention to step down from his latter roles effective May 27, 2026, while continuing as Executive Director until August 31, 2026. The Board has appointed Ms. Amee Joshi as the new Company Secretary and Chief Compliance Officer, effective immediately. Ms. Joshi will also serve as a Key Managerial Personnel.
Furthermore, the Board has appointed Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director, effective May 27, 2026. Her appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval at the 4th AGM.
The 4th Annual General Meeting of Bajel Projects is scheduled for August 7, 2026, and will be conducted via video conferencing and other audio-visual means.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).