Bajel Projects Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2025
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Bajel Projects Limited held its 3rd Annual General Meeting on August 14, 2025, via video conferencing, chaired by Mr. Shekhar Bajaj, with 73 members in attendance. All 7 resolutions on the agenda were approved, including adoption of the FY25 audited financial statements, re-appointment of Mr. Ajay Suresh Nagle (who retires by rotation), and appointment of Mr. Sudarshan Sampathkumar as an Independent Director. The company's Statutory and Secretarial Audit Reports for FY ending March 31, 2025 contained no adverse remarks, qualifications, or disclaimers. Shareholders also approved raising the Board's borrowing limit under Section 180(1)(c) and the limit for creating mortgage/charge on assets under Section 180(1)(a) to Rs. 3,500 crores each, indicating room for significant future debt. Six shareholders raised queries during the meeting, which were addressed by the Chairman and MD & CEO Mr. Rajesh Ganesh, and the meeting concluded at 11:41 AM.
The approval of a Rs. 3,500 crore borrowing and charge-creation limit is a key signal that the company is positioning itself for substantial debt-funded growth or capex, which could lift the stock on optimism but also raise leverage concerns. Clean audit reports and smooth passage of all resolutions point to stable governance with no immediate red flags for shareholders.