Bajel Projects Approves Audited FY26 Results, Recommends 30% Dividend, Boosts Borrowing Limit to ₹5,000 Crore
Bajel Projects approved audited standalone and consolidated financial results for FY26. The Board recommended a final dividend of ₹0.60 per share (30%). Borrowing limits were increased to ₹5,000 crore. Ms. Amee Joshi appointed Company Secretary & Chief Compliance Officer, and Mrs. Pooja Bajaj appointed Additional Director.
The approval of financial results, dividend recommendation, significant increase in borrowing limits, and changes in key management personnel are material events that will impact the company's operations and investor perception.
The company reported its audited financial results, recommended a dividend, increased its borrowing limits, and made key management appointments, all of which are positive developments.
Bajel Projects Limited announced the outcome of its Board Meeting held on May 27, 2026. The Board approved and took on record the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The audit reports were submitted with an unmodified opinion.
Additionally, the Board recommended a final dividend of ₹0.60 per share (30%) for the financial year ended March 31, 2026. This dividend, if approved by shareholders at the upcoming 4th Annual General Meeting (AGM), will be paid on or after August 11, 2026. The record date for the dividend is set as Friday, July 31, 2026.
The Board also approved an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013, from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval at the 4th AGM. This also includes providing security under Section 180(1)(a) of the Act for these borrowings.
Significant changes in key personnel were also announced. Mr. Ajay Nagle will relinquish his position as Company Secretary & Chief Compliance Officer effective May 27, 2026, while continuing as Executive Director until August 31, 2026. Ms. Amee Joshi has been appointed as the new Company Secretary & Chief Compliance Officer, effective May 27, 2026, and will also serve as Key Managerial Personnel.
Furthermore, Mrs. Pooja Bajaj has been appointed as an Additional Non-Executive Non-Independent Director, effective May 27, 2026, subject to shareholder approval at the 4th AGM.
The 4th Annual General Meeting (AGM) of the Company is scheduled to be held on Friday, August 7, 2026, through Video Conferencing and Other Audio-Visual means.
The updated details of Key Managerial Personnel (KMP) were also provided.
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Bajel Projects Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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