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 has announced the allotment of 27,750 equity shares under its employee stock option plan, marking another milestone in the company's employee retention strategy. The infrastructure and construction company's Stakeholders Relationship Committee approved this allotment on December 22, 2025, benefiting 12 eligible employees.

ESOP Allotment Details

The company has successfully allotted shares under the Bajel Projects Ltd - Special Purpose Employee Stock Option Scheme 2023. The allotment represents the exercise of stock options by employees who were previously granted options under this scheme.

Updated Share Capital Structure

Following this allotment, Bajel Projects' share capital structure has been updated to reflect the new equity base. The shares issued under the ESOP scheme rank pari-passu with existing equity shares, providing equal rights to the employee shareholders.

Previous Financial Performance

The company had earlier reported mixed results for its first quarter, with revenue growing to ₹6.10 billion from ₹5.12 billion year-over-year, representing approximately 19% growth. EBITDA more than doubled to ₹166.00 million from ₹71.00 million, expanding margins to 2.72% from 1.39%. However, net profit declined to ₹33.00 million from ₹55.00 million in the previous year.

Strategic Employee Engagement

The ESOP allotment demonstrates Bajel Projects' continued commitment to employee participation in the company's growth story. The Special Purpose ESOP Scheme 2023, filed with stock exchanges on January 1, 2024, serves as a key tool for talent retention and alignment of employee interests with shareholder value creation.

The newly issued shares carry no lock-in restrictions and are identical in all respects to existing equity shares. This allotment follows the company's broader employee stock option initiatives, including the previously announced ESOP 2024 plan with different vesting and exercise parameters.