Bajel Projects Limited has completed the allotment of 10,625 equity shares to eligible employees under its Employee Stock Option Plan (ESOP). The company's Stakeholders' Relationship Committee approved this allotment during its 9th meeting held on March 17, 2026, which commenced at 04:00 P.M. and concluded at 04:36 P.M.

Share Allotment Details

The allotment involves 10,625 equity shares of Rs. 2.00 each, fully paid-up, distributed among 6 employees who were granted stock options under the Bajel's Special Purpose ESOP Scheme 2023. The shares were issued on March 17, 2026, with distinctive numbers ranging from 118186311 to 118196935.

Pricing Structure

The shares were issued at multiple grant prices under the Special Purpose ESOP Scheme 2023, with the grant date of January 9, 2024. The exercise prices varied across different tranches:

Updated Share Capital

Following this allotment, Bajel Projects Limited's capital structure has been updated. The company's total issued, subscribed and paid-up capital now comprises 11,56,96,935 equity shares of Rs. 2.00 each, fully paid-up, amounting to Rs. 23,13,93,870.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also fulfilled requirements under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The newly issued equity shares will rank pari-passu with existing equity shares, and no lock-in provisions apply to these shares. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

Bajel Projects Limited has secured a significant Engineering, Procurement, and Construction (EPC) contract from Tata Power Company Limited for transmission line infrastructure in Mumbai. The company disclosed this major order win through a formal regulatory filing under SEBI Listing Regulations.

Contract Details and Specifications

The awarded contract involves comprehensive EPC work for critical power transmission infrastructure in Mumbai's grid network. The project specifications are outlined below:

Financial Impact and Order Classification

The contract represents a substantial addition to Bajel Projects' order book, classified as a "Significant Order" under the company's internal policy framework:

Regulatory Compliance and Disclosure

Bajel Projects made the disclosure pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company confirmed that none of the promoter, promoter group, or group companies have any interest in Tata Power Company Limited, and the contract does not fall within the purview of related party transactions.

The project involves construction of 220 KV transmission lines on monopoles, representing critical infrastructure development for Mumbai's power grid network. This EPC contract encompasses engineering design, equipment procurement, and construction activities, positioning Bajel Projects as a key contributor to the city's power transmission infrastructure enhancement.