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 .

Bajel Projects Limited has granted 2,62,000 stock options to 5 eligible employees under its Employee Stock Option Plan 2024 (ESOP 2024). The options carry an exercise price of ₹109.89 per option, determined based on a discount to the closing price on the BSE on May 26, 2026. This move aims to incentivize employees by aligning their interests with the company's growth.

The Nomination & Remuneration Committee of the Board of Directors approved the grant at its meeting held on May 27, 2026. The scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The options are exercisable into fully paid-up equity shares with a face value of ₹2 each, subject to the terms of the scheme.

The options will vest over a period ranging from a minimum of one year to a maximum of five years from the grant date. Once vested, the options can be exercised within a maximum period of seven years from the date of the first vesting. The scheme includes provisions for handling options in cases of death, permanent incapacity, resignation, termination, or retirement.

Equity shares allotted upon the exercise of these stock options will not be subject to any lock-in period. The company disclosed that there are no options lapsed, exercised, or any variation in terms at this stage. The diluted earnings per share impact is not applicable as the options are yet to be exercised.

The following table summarizes the key details of the grant: