Bajel Projects Limited, a prominent player in the infrastructure sector, has announced significant developments following its 3rd Annual General Meeting (AGM) held on August 14, 2025. The company's shareholders have approved several key resolutions, including the appointment of Mr. Sudarshan Sampathkumar as a Non-Executive Independent Director.

Board Strengthened with Experienced Director

Mr. Sudarshan Sampathkumar, who brings over 35 years of experience in advisory, consulting, and private equity, has been appointed as a Non-Executive Independent Director for a five-year term, effective from May 22, 2025, to May 21, 2030. This appointment marks a transition from his previous role as an Additional Non-Executive Independent Director.

Sampathkumar's impressive career includes notable positions such as Partner & Managing Director at Bain & Company and leadership roles at Accenture. His expertise spans developing and implementing business strategies for corporates and performance improvement, areas in which he has held Asia Pacific-wide responsibilities.

Diverse Board Experience

The newly appointed director currently serves on the boards of several prominent companies, including Bajaj Electricals, Profectus Capital, and Techfab Industries. At Profectus Capital, he holds the distinction of being the sole independent director and chairs both the Audit and IT committees.

Academic Background

Mr. Sampathkumar's strong academic foundation includes an MBA from the Indian Institute of Management, Ahmedabad, and a Bachelor of Engineering from the Indian Institute of Science, Bangalore.

Other Key Resolutions

In addition to Sampathkumar's appointment, the AGM saw the approval of several other important resolutions:

1. Financial Statements Adoption: Shareholders approved the audited standalone and consolidated financial statements for the fiscal year ending March 31, 2025.

2. Director Re-appointment: Mr. Ajay Suresh Nagle was re-appointed as a director, retiring by rotation.

3. Borrowing Limit Increase: The Board of Directors received authorization to borrow up to an aggregate limit of Rs. 3,500.00 crores.

4. Asset Charge Creation: Approval was granted for the creation of mortgage/charge on the company's assets up to Rs. 3,500.00 crores.

5. Cost Auditors Remuneration: The remuneration of Cost Auditors for the financial year ending March 31, 2026, was ratified.

6. Secretarial Auditors Appointment: M/s. Anant B Khamankar & Co. was appointed as the Secretarial Auditors for a five-year term until the 8th AGM.

Shareholder Participation

The AGM, conducted through video conferencing, saw active participation from shareholders. The e-voting results revealed overwhelming support for all resolutions, with most receiving over 99% votes in favor.

These developments signal Bajel Projects Limited's commitment to strong corporate governance and strategic growth as it continues to strengthen its position in the infrastructure sector.

Bajel Projects Limited, a Bajaj Group company specializing in power infrastructure, has announced its financial results for the first quarter of the fiscal year 2025-26, showcasing a mixed performance with revenue growth but a decline in profitability.

Revenue and EBITDA Growth

The company reported a robust 19% year-on-year increase in revenue from operations, reaching Rs. 607.60 crores in Q1 FY2025-26, up from Rs. 512.00 crores in the same quarter of the previous year. This growth was accompanied by a significant improvement in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which rose by 32% to Rs. 24.90 crores from Rs. 18.80 crores in the corresponding period.

Margin Improvement

Bajel Projects demonstrated improved operational efficiency, with its EBITDA margin expanding to 4.04% from 3.58% in the same quarter last year. This enhancement in margin reflects the company's efforts to optimize its operations and manage costs effectively.

Profit Decline

Despite the growth in revenue and EBITDA, the company faced challenges in its bottom line. Profit before tax (PBT) declined by 40% to Rs. 4.45 crores from Rs. 7.46 crores in the previous year's quarter. Similarly, net profit also decreased by 40% to Rs. 3.32 crores from Rs. 5.52 crores.

Project Execution Highlights

During the quarter, Bajel Projects successfully executed several key transmission line projects in various locations:

• Raichur
• Jeypore-Jagdalpur
• Gurgaon

These projects underscore the company's continued focus on operational execution and its strong presence in the power transmission sector.

Management Commentary

Rajesh Ganesh, MD & CEO of Bajel Projects Limited, commented on the results: "Our focus is on project execution. Revenue grew 19% year-on-year, while EBITDA margin improved to 4% from 3.6% in the same period last year. Despite ongoing finance cost pressures, we continue to enhance efficiency and collaborate with financial partners to mitigate challenges. We remain focused on execution excellence and creating long-term value for our stakeholders."

Financial Performance Overview

Note: All financial figures are presented on a standalone basis. EBITDA includes other income, and EBITDA margin is calculated on Total Income.

Company Background

Bajel Projects Limited, formerly part of Bajaj Electricals Limited's EPC segment, is a leading player in power infrastructure with a strong presence in Power Transmission and Power Distribution sectors. The company leverages its project management skills and operational excellence to serve various state, national, and international utilities, as well as private infrastructure players.