Bajel Projects Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 14, 2025
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Bajel Projects Limited held its 3rd AGM on August 14, 2025, via video conferencing and submitted the Scrutinizer's Report on August 18, 2025. All 7 resolutions were passed with overwhelming shareholder approval. Key resolutions include adoption of audited financial statements for FY25 (99.9994% in favor), re-appointment of Mr. Ajay Suresh Nagle as director (99.8518%), and appointment of Mr. Sudarshan Sampathkumar as Independent Director (99.9993%). Shareholders also authorized the Board to borrow up to Rs. 3,500 crores under Section 180(1)(c) (99.8557% in favor) and to create mortgage/charge on company assets up to the same limit under Section 180(1)(a) (99.8556% in favor). Additionally, the remuneration of Cost Auditors and appointment of Secretarial Auditors were ratified. Total shareholders on record date (August 7, 2025) were 86,132, with promoter group holding 7.23 crore shares (99.86% polled) and around 72.92% of outstanding shares voting.
The strong shareholder approval across all resolutions, including the significant Rs. 3,500 crore borrowing authorization, signals confidence in management's strategic direction and gives the Board substantial financial flexibility for future expansion. This is a routine compliance filing with no contentious issues, so no material impact on share price is expected.