Bajel Projects will host a virtual one-on-one meeting with DMZ Partner Investment Management LLP on September 16, 2026. The engagement is part of the company's routine investor relations schedule.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price-sensitive information will be shared during the session.

Meeting Details

Amee Bharatbhai Joshi, Company Secretary and Chief Compliance Officer, signed the intimation. The schedule remains subject to change due to exigencies.

Bajel Projects has issued a postal ballot notice seeking shareholder approval for material related party transactions with AnantGrid Projects One Private Limited (AGPOPL) and its subsidiary Lakadia A Power Transmission Limited. The proposal covers engineering, procurement, and construction contracts, investments, loans, and guarantees.

The transactions stem from a March 10, 2026 collaboration agreement between Bajel, the National Investment and Infrastructure Fund (NIIF), and AnantGrid Private Limited. Under this framework, Bajel holds a 26% equity stake in AGPOPL, while NIIF and its affiliates hold the remaining 74%. AGPOPL recently secured a Letter of Intent for an inter-state transmission scheme in Gujarat valued at ₹372.637 crore per annum over 35 years.

Transaction Details

The Board of Directors proposes to enhance existing transaction limits to support identified power transmission projects. The aggregate value of these proposed and previous transactions is expected to exceed the materiality threshold defined under Regulation 23 of the SEBI Listing Regulations. Based on Bajel’s FY26 revenue from operations of ₹2,791.58 crore, the applicable materiality threshold is approximately ₹279.16 crore.

The specific components of the related party transactions are detailed below:

What the Numbers Show

The scale of the proposed commercial contracts significantly outweighs other financial commitments. The sale and supply of goods and services, capped at ₹1,535 crore, accounts for approximately 79% of the total aggregate exposure of ₹1,945 crore. This concentration highlights that the primary economic substance of the relationship is operational execution rather than pure capital infusion or lending.

Voting Process

Remote e-voting for the ordinary resolution will commence on September 5, 2026, at 9:00 am and conclude on October 4, 2026, at 5:00 pm. Members holding shares as on the cut-off date of August 28, 2026, are eligible to vote. Related parties, including AGPOPL, will abstain from voting as per regulatory requirements. Mr. Nitesh Bhandari, Chief Financial Officer of Bajel, disclosed his position as a Non-Executive Director of AGPOPL.