Bajel Projects Limited announced that its Board of Directors has approved the grant of 1,42,000 stock options under the Bajel Projects Limited Employee Stock Options Plan 2024 to eligible employees. The decision was made at the board meeting held on February 05, 2026, following recommendations from the Nomination & Remuneration Committee.

ESOP Grant Details

The company granted stock options at an exercise price of ₹99.72 per option, calculated as a discount on the closing price on NSE on February 4, 2026, which was the last trading date prior to the committee meeting. The options are exercisable into equity shares of face value ₹2 each, fully paid-up.

Vesting and Exercise Terms

The granted options follow a structured vesting schedule with specific exercise parameters designed to align employee interests with long-term company performance. The vesting period ranges from a minimum of one year to a maximum of five years from the grant date.

Regulatory Compliance

The Employee Stock Options Plan 2024 is fully compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme provides comprehensive guidelines for handling stock options in various scenarios including death, permanent incapacity, resignation, termination, and retirement of employees.

Strategic Employee Benefits Initiative

The ESOP grant represents Bajel Projects' commitment to employee retention and motivation through equity participation. The equity shares allotted upon exercise of these stock options will not be subject to any lock-in restrictions, providing flexibility to employees. The scheme includes provisions for various employment scenarios, ensuring comprehensive coverage of employee situations that may arise during the option period.

Bajel Projects Limited , a company specializing in power transmission, distribution, monopoles, and international EPC services, has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2025, to the BSE and NSE. The report highlights the company's performance across various environmental, social, and governance (ESG) parameters.

Financial and Operational Highlights

Key ESG Achievements

Governance

• Zero complaints on corruption or bribery
• 100% board coverage under training programs

Environmental Initiatives

• Implementation of Zero Liquid Discharge at manufacturing facility

Social Responsibility

• Zero work-related injuries for employees
• 30% procurement from MSMEs
• 1,900 people from marginalized groups benefited through CSR projects

Regulatory Compliance

Despite the overall positive report, Bajel Projects faced some regulatory challenges:

This comprehensive report demonstrates Bajel Projects Limited's commitment to transparency and sustainable business practices. While the company has made significant strides in areas such as employee safety, environmental management, and social responsibility, the regulatory penalties highlight areas for potential improvement in environmental compliance.

The BRSR provides stakeholders with a holistic view of the company's operations, showcasing both achievements and areas needing attention. As businesses increasingly focus on ESG factors, such reports become crucial for investors and regulators to assess a company's long-term sustainability and risk management practices.