Bajel Projects Limited has scheduled a meeting of its Board of Directors for Wednesday, May 27, 2026. The meeting will be held to consider the annual audited financial results for the financial year ended March 31, 2026. The company intends to submit these results to the exchanges immediately following the board meeting, ensuring compliance with the requirement to file within sixty days from the end of the financial year.

Agenda for the Meeting

The board will deliberate on several key agenda items during the session. The primary focus will be the approval of the financial performance for the full fiscal year. Furthermore, the directors will consider recommending a dividend on equity shares for the financial year ended March 31, 2026, subject to the board's decision and financial viability.

Trading Window Closure

In accordance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, the trading window for dealing in the securities of the company has been closed since April 1, 2026. This restriction applies to all designated persons and will remain in effect until 48 hours after the financial results are made public on May 27, 2026. This measure is intended to prevent insider trading and ensure market integrity during the sensitive period surrounding the results announcement.

Annual General Meeting

Apart from the financial results and dividend consideration, the board will also discuss matters relating to the ensuing Annual General Meeting of the company. This includes scheduling and procedural aspects necessary for the annual shareholder gathering.

Bajel Projects Limited, a leading player in the Power Transmission and Distribution (T&D) EPC sector and a Bajaj Group company, has announced the bagging of a Major EPC order for the 765kV AIS New Substation Package in Maharashtra. The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations on May 13, 2026. The order has been awarded by PowerGrid Corporation of India Limited (PGCIL), placed on behalf of its SPV, M/s. NES Pune East New Transmission Limited.

Order Details at a Glance

The following table summarises the key parameters of the awarded contract:

Project Scope and Strategic Significance

The project is part of the "Network Expansion Scheme in Maharashtra for removal of Transmission constraints in Pune Region-I (765/400 kV AIS Pune East)" — a grid reinforcement initiative aimed at strengthening one of India's most industrially significant load centres. The scope includes the establishment of a new 765/400kV AIS Substation at Pune East, along with the extension of the existing 400kV Karjat (AIS) and 400kV Lonikand-II (AIS) Substations in Maharashtra. The order adds to Bajel Projects' 765kV substation portfolio and reflects the company's track record in executing high-voltage transmission infrastructure projects.

Management Commentary

Commenting on the order win, Mr. Rajesh Ganesh, Managing Director & CEO, Bajel Projects Limited, said:

"This order win marks a defining moment for Bajel as we strengthen our presence in the 765kV substation segment through a strategically critical project in Pune, one of the country's most important industrial hubs. The Pune East 765/400kV substation, together with the augmentation of Karjat and Lonikand-II, will play a pivotal role in removing transmission constraints in the Pune Region and strengthening Maharashtra's grid."

Order Classification Framework

The company classifies its project wins, inclusive of GST, into the following financial bands:

The present order is classified as a Major Order, placing its value in the range of ₹200 Cr to ₹300 Cr (inclusive of GST). The company has confirmed that no promoter, promoter group, or group company holds any interest in the awarding entity, and the contract does not fall within the purview of related party transactions.