Bajel Projects Approves 30% Final Dividend, Increases Borrowing Limits at Board Meeting

Bajel Projects Approves 30% Final Dividend, Increases Borrowing Limits at Board Meeting​

Bajel Projects Limited reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. During the Board of Directors meeting held on May 27, 2026, the board recommended a final dividend of Rs. 0.60 per equity share. Additionally, the board approved increasing the company's borrowing limits, subject to shareholder ratification.

Financial Results and Dividend Recommendation​

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The audit reports for the year were submitted with an unmodified opinion.

In line with the company's Dividend Distribution Policy, the board recommended a final dividend at the rate of Rs. 0.60 per share, representing 30% of the face value of Rs. 2/- on equity shares for the financial year ended March 31, 2026.

The details regarding the dividend payout are:

• Record Date: Friday, July 31, 2026.
• Payment Date: On or after August 11, 2026, pending approval by shareholders at the 4th Annual General Meeting.

The company also approved the increase in its borrowing limits from the existing limit of Rs. 3,500 crore to Rs. 5,000 crore, while providing requisite security, pending shareholder approval at the 4th Annual General Meeting.

Corporate Governance and Key Appointments​

The board reviewed several key corporate governance appointments, including changes in the compliance and directorial roles.

Mr. Ajay Nagle, Executive Director, Company Secretary & Chief Compliance Officer, expressed his desire to relinquish the position of Company Secretary & Chief Compliance Officer with effect from May 27, 2026. He will continue his role as Executive Director until his tenure end on August 31, 2026.

In a significant transition, the board approved the appointment of Ms. Amee Joshi (ICSI Membership No. ACS 22502) as the Company Secretary & Chief Compliance Officer, effective May 27, 2026. Ms. Joshi will also serve as a Key Managerial Personnel and be part of the Senior Management Personnel of the Company.

Furthermore, the board approved the appointment of Mrs. Pooja Bajaj (DIN: 08254455) as an Additional Non-Executive Non-Independent Director, effective May 27, 2026. Mrs. Bajaj shall be liable to retire by rotation.

Key Operational Updates​

The 4th Annual General Meeting (AGM) of Bajel Projects Limited is scheduled to be held on Friday, August 7, 2026, via Video Conferencing and Other Audio-Visual means.

The company maintains the following updated list of Key Managerial Personnel (KMP):

Financial Position Snapshot​

The company's financial position shows an increase in total assets to Rs. 2,53,845.47 Lakhs as of March 31, 2026, compared to Rs. 2,07,490.04 Lakhs on the same date in the previous year. Total equity increased significantly to Rs. 74,756.95 Lakhs.

A comparison of the key financial metrics (in Lakhs) for the year ended March 31, 2026, versus March 31, 2025, is provided below:

Consolidated Statement of Assets and Liabilities (As at March 31, 2026 vs March 31, 2025)


Cash Flow Summary (Rs. in Lakhs)


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Note: The financial results are presented in Lakhs, except for per share data.

BAJEL Stock Price Movement​

Today, Bajel Projects Limited shares edged higher, settling at ₹184.34 after gaining 0.16% in trading. The stock found support throughout the day, recording a total volume of 247,228 shares.