Outcome of the Board Meeting of Bajel Projects Limited (the "Company") held today i.e., on Wednesday, May 27, 2026 ("Meeting")
BAJEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Bajel Projects Ltd reported audited standalone PAT of Rs. 15,463.5 Lakhs for FY26, up 41.7% from Rs. 10,908.4 Lakhs in FY25. Consolidated PAT stood at Rs. 20,767 Lakhs. The Board recommended a final dividend of Rs. 0.60 per share (30% of face value). It also approved increasing borrowing limits from Rs. 3,500 crore to Rs. 5,000 crore (subject to shareholder approval) and appointed Ms. Amee Joshi as Company Secretary replacing Mr. Ajay Nagle. Mrs. Pooja Bajaj was appointed as Additional Non-Executive Non-Independent Director. Auditors issued unmodified opinions but included an Emphasis of Matter regarding ongoing arbitration proceedings with 3 customers for recovery of Rs. 8,596 Lakhs outstanding balances.
Strong PAT growth of 42% confirms operational strength. The clean audit with unmodified opinion is positive. However, the arbitration proceedings and Rs. 8,596 Lakhs outstanding receivables flagged by auditors warrant monitoring. The proposed increase in borrowing limits suggests potential expansion plans or working capital needs.