Bajel Projects Limited has filed its quarterly compliance certificate with the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) for the quarter ended March 31, 2026. The submission, dated April 6, 2026, fulfills the company's regulatory obligations under SEBI guidelines.

Regulatory Compliance Certificate

The certificate was issued by MUFG Intime India Private Limited, formerly known as Link Intime India Pvt. Ltd., which serves as the company's Registrar and Transfer Agent (RTA). The document confirms compliance with Regulation 74(5) of the Securities & Exchange Board of India (Depositories and Participants) Regulations, 2018.

Certificate Confirmation Details

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialization during Q4 FY26 were properly processed according to regulatory requirements. The registrar verified that all securities comprised in the certificates have been listed on the stock exchanges where the company's previously issued securities are traded.

The certificate also confirms that security certificates received for dematerialization were appropriately confirmed or rejected, with received certificates being mutilated and cancelled after due verification by the depository participant. The names of the depositories have been substituted in the register of members as registered owners within prescribed timelines.

Corporate Compliance

The filing was signed by Ajay Nagle, Executive Director, Company Secretary & Chief Compliance Officer of Bajel Projects Limited. The certificate from MUFG Intime India was signed by Ashok Shetty, Sr. Vice President-Corporate Registry. This quarterly compliance filing demonstrates the company's commitment to maintaining regulatory standards and transparency in its securities handling processes.

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.