Bajel Projects Limited has informed the Exchange about Change in Company Secretary/Compliance Officer - Relinquishment of Mr. Ajay Nagle from the position of Company Secretary & Chief Compliance Officer and appointment of Ms. Amee Joshi as Company Secretary & Chief Compliance Officer.
BAJEL · price
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Bajel Projects Limited reported strong FY2026 financial results with standalone profit after tax of Rs. 2,893.33 lakhs, up 87% from Rs. 1,546.35 lakhs in FY2025. Earnings per share stood at Rs. 2.38. 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. Mr. Ajay Nagle relinquished his role as Company Secretary and Chief Compliance Officer effective May 27, 2026, though he remains Executive Director until August 31, 2026. Ms. Amee Joshi was appointed as the new Company Secretary and Chief Compliance Officer. The company also proposed increasing borrowing limits from Rs. 3,500 crore to Rs. 5,000 crore and appointed Mrs. Pooja Bajaj as Additional Non-Executive Non-Independent Director.
The leadership change in the CS/Compliance role is procedural as Mr. Nagle continues as Executive Director until retirement. The strong profit growth and dividend recommendation are positive signals for shareholders. The increased borrowing limit provides more financial flexibility for the power transmission and distribution business.