Bajel Projects Limited reported a standalone net profit of ₹27 crore for the financial year ended March 31, 2026, a 74% increase from ₹15 crore in the previous year. Revenue from operations for FY26 stood at ₹2,792 crore, up 7% from ₹2,598 crore in FY25. The company delivered its strongest annual performance since listing, with EBITDA growing 38% year-on-year to ₹125 crore and margins expanding to 4.40% from 3.40%. The board approved the annual audited financial results on May 27, 2026, and recommended a maiden dividend of ₹0.60 per share, subject to shareholder approval.

Financial Performance

For the quarter ended March 31, 2026, standalone net profit was ₹16 crore, a 226% increase from ₹5 crore in the same period last year. Revenue from operations for Q4 FY26 rose to ₹1,008 crore from ₹801 crore in Q4 FY25. Profit Before Tax and Exceptional Items for the quarter stood at ₹19 crore versus ₹6 crore in the corresponding quarter of the previous year. The following table summarises the full-year and quarterly key financial metrics:

Strategic Developments

The fourth quarter saw Bajel Projects strengthen its order pipeline with significant domestic transmission wins and international partnerships. The company secured an ultra-mega order valued over ₹400 crore from Maharashtra State Electricity Transmission Company Ltd. (MSETCL). Additionally, Bajel Projects entered a 50:50 joint venture with Al Sharif Group to pursue opportunities in Saudi Arabia and signed a tripartite arrangement with the National Investment and Infrastructure Fund (NIIF) and AnantGrid. Other key wins included the Mandsaur transmission project and the Vindhyachal Pool order.

Board Decisions and Corporate Actions

The Board approved increasing 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. The board appointed Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director and Ms. Ameet Joshi as the Company Secretary & Chief Compliance Officer, effective May 27, 2026. Mr. Ajay Nagle relinquished the position of Company Secretary & Chief Compliance Officer but continues as Executive Director until his retirement on August 31, 2026. The record date for the dividend is July 31, 2026.

Bajel Projects Limited disclosed the updated details of its Key Managerial Personnel (KMP) to stock exchanges on May 27, 2026, under Regulation 30 of the SEBI Listing Regulations. The filing identifies the executives responsible for determining the materiality of events and making disclosures to ensure compliance with regulatory requirements.

The submission provides the designated roles and contact information for the company's senior leadership, ensuring that BSE Limited and the National Stock Exchange of India Limited have current data for communication purposes.

Key Managerial Personnel

The following table details the updated KMP roster as provided to the exchanges:

The filing was digitally signed by Ameer Joshi, Company Secretary & Chief Compliance Officer, on behalf of Bajel Projects Limited .