Bajel Projects Board Approves FY26 Results, Recommends 30% Dividend, Hikes Borrowing Limit
Bajel Projects approved audited financial results for FY26. The Board recommended a final dividend of ₹0.60 per share (30%). Borrowing limits were proposed to be increased to ₹5,000 crore. Ms. Amee Joshi was appointed Company Secretary & Chief Compliance Officer, and Mrs. Pooja Bajaj as Additional Director. The 4th AGM is on August 7, 2026.
The dividend recommendation, increase in borrowing limits, and management changes are material events that can impact the company's financial and operational standing.
The announcement includes positive developments such as the approval of financial results, recommendation of a dividend, and an increase in borrowing limits, alongside key management appointments.
Bajel Projects Limited announced the outcome of its Board Meeting held on May 27, 2026. The Board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
The company 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 this dividend is July 31, 2026.
Furthermore, the Board approved an increase in the company's borrowing limits from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval at the 4th AGM.
In significant management changes, 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.
Additionally, 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 August 7, 2026, via Video Conferencing and Other Audio-Visual means. The Board meeting commenced at 01:38 PM and concluded at 04:05 PM.
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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 medium impact: worth reading, rarely worth acting on by itself.
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