Bajel Projects Limited has informed the Exchange about Change in Company Secretary/Compliance Officer
BAJEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bajel Projects Limited held its Board Meeting on May 27, 2026, approving audited financial results for Q4 and FY2026. Standalone profit before tax was Rs. 3,385.60 lakhs for the year. The Board recommended a final dividend of Rs. 0.60 per share (30% of face value) payable after shareholder approval at the 4th AGM on August 7, 2026 (record date: July 31, 2026). Mr. Ajay Nagle, who served as Company Secretary & Chief Compliance Officer, has relinquished his position effective May 27, 2026, though he continues as Executive Director until August 31, 2026. Ms. Amee Joshi has been appointed as the new Company Secretary & Chief Compliance Officer. The Board also approved appointment of Mrs. Pooja Bajaj as Additional Non-Executive Non-Independent Director, subject to shareholder approval. Additionally, borrowing limits are proposed to increase from Rs. 3,500 crore to Rs. 5,000 crore.
The resignation and appointment of the Company Secretary represents normal leadership transition. The dividend signals financial health. The proposed borrowing limit increase provides more financial flexibility for growth. Investors should note ongoing arbitration proceedings with three customers for recovery of Rs. 8,596 lakhs.