Bajel Projects Independent Director Dr. Rajendra Prasad Singh passes away

Bajel Projects announced the demise of its Independent Director, Dr. Rajendra Prasad Singh, on July 16, 2026. The company disclosed this information to the stock exchanges, citing the profound loss to its governance and strategic direction. Dr. Singh served on the Board, contributing his experience and integrity to the company.

The notification was submitted to BSE Limited and the National Stock Exchange of India Limited on July 17, 2026. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2025. The Board of Directors and employees extended their condolences to his family.

Details of the Change

The company provided specific details regarding the cessation of the director's tenure in the filing. The following table outlines the particulars of the change in the Board composition.

Sr.No	Particulars	Details
1.	Name of the Director	Dr. Rajendra Prasad Singh
2.	Reason for change	Death
3.	Date of Cessation	July 16, 2026
4.	Brief Profile	Not Applicable
5.	Disclosure of relationship between Directors	Not Applicable

The filing referenced SEBI Circular No HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, for the disclosure format. The document was signed by Ame Bharatbhai Joshi, Company Secretary and Chief Compliance Officer.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.27%	-7.40%	-14.71%	+17.86%	-30.22%	-6.81%

Bajel Projects Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the stock exchanges. The filing, submitted by Company Secretary and Chief Compliance Officer Amee Joshi, details the Company’s environmental, social, and governance performance, including a total turnover of ₹2,79,157.52 lakhs for the period.

The Company reported zero environmental non-compliances, fines, or penalties during FY 2025-26. It maintained Zero Liquid Discharge (ZLD) across its manufacturing units and reduced total energy consumption by approximately 22% compared to the previous year. Renewable electricity consumption increased by approximately 24%, supported by solar energy initiatives. The manufacturing facility at Ranjangaon, Pune, operates under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.

On the social front, Bajel Projects achieved 100% coverage of permanent employees under health insurance, accident insurance, provident fund, and gratuity. The Company recorded zero fatalities among employees and two worker fatalities during the year. It reported zero complaints related to sexual harassment, child labour, forced labour, or discrimination. Human rights training coverage for permanent employees increased to 80.42%.

Operational and Financial Metrics

The Company operates through four verticals: Power Transmission, Power Distribution, Monopoles, and International EPC. Power Transmission accounted for 83.58% of the turnover, while Power Distribution contributed 8.55%. The Ranjangaon facility manufactured 33,130.89 metric tons of products during the year. The Company sourced 33% of its input material directly from MSMEs and small producers.

Financial Metric	Value
Total Turnover	₹2,79,157.52 lakhs
Export Turnover	₹2,281.19 lakhs (0.82%)
Net Worth	₹14,565.94 lakhs
Paid-up Capital	₹2,313.94 lakhs

Governance and Compliance

The Board of Directors oversees sustainability and ESG matters, with the senior management team responsible for implementation. The Company has not undertaken independent assurance of the BRSR Core disclosures but is evaluating it for future periods. It confirmed no fines or penalties for bribery, corruption, or conflicts of interest. The Whistle Blower Policy recorded no pending complaints at the end of the year.