Telge Projects Limited has officially announced the inauguration of its new branch office in Nashik, Maharashtra, through a press release filed under Regulation 30 of SEBI Listing Regulations. The company, which specializes in Building Information Modeling (BIM), Structural Engineering, Material take-offs, 2D Drafting, and Architectural design services, inaugurated the facility on February 23, 2026.

Regulatory Filing and Official Announcement

The company formally notified BSE Limited about the branch office inauguration through an official communication to the Listing Manager. The announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighting the strategic importance of this expansion.

New Facility Specifications

The Nashik branch office is strategically positioned to support the company's expanding international client base and operational requirements.

Service Capabilities and Market Focus

The Nashik facility will concentrate on delivering specialized engineering services to international markets. The office will undertake AEC BIM modeling, structural steel detailing, precast detailing, and project coordination and execution support for global clients. This expansion aligns with confirmed orders and aims to strengthen the company's execution capabilities while supporting scalable growth in international markets.

Financial Impact and Investment Structure

The branch office expansion follows a strategic approach with minimal capital expenditure requirements.

Management Perspective

Ms. Shraddha Telge, Chief Executive Officer of Telge Projects, commented on the strategic expansion: "The establishment of our Nashik branch represents a focused step in strengthening our delivery capabilities and deepening our engagement with international clients. This new branch represents an important strategic step in highlighting our commitment to disciplined growth, operational efficiency and building scalable execution capacity for the long term."

Strategic Positioning and Future Outlook

The Nashik branch office expansion demonstrates Telge Projects Limited's commitment to enhancing its service delivery infrastructure while maintaining operational efficiency. The two-shift operational model is designed to maximize facility utilization and improve delivery capabilities for the company's international client portfolio. With confirmed orders supporting this expansion and a phased ramp-up approach, the company aims to achieve optimal operational bandwidth while ensuring quality service delivery standards for its global AEC and BIM services.

Telge Projects Limited has announced a comprehensive postal ballot notice dated February 19, 2026, seeking shareholder approval for three critical special resolutions that will shape the company's employee incentive structure and strategic fund utilization.

Employee Stock Option Plan 2026 Implementation

The company proposes to introduce the Telge Projects Limited - Employee Stock Option Plan 2026 (TPL-ESOP 2026), designed to create an ownership-oriented culture and align employee interests with shareholder value creation. The plan encompasses the following key parameters:

The ESOP scheme targets permanent employees of the company, including directors (excluding promoters, promoter group members, independent directors, and those holding more than 10% equity shares). The plan incorporates provisions for corporate actions such as rights issues, bonus issues, mergers, and capital structure changes, with proportional adjustments to maintain fair benefit distribution.

Extension to Subsidiary and Associate Companies

The second resolution seeks approval to extend TPL-ESOP 2026 benefits to employees of existing and future subsidiary or associate companies, whether located in India or internationally. This expansion maintains the overall ceiling of 1,00,000 employee stock options while broadening the eligible employee base to support the company's growth strategy across its corporate structure.

IPO Proceeds Reallocation Strategy

The company proposes a strategic deviation in IPO proceeds utilization, reflecting changed operational requirements and strategic priorities. The reallocation details are as follows:

The company justifies this reallocation by citing its recent expansion to Nashik, Maharashtra, where office premises have been secured through lease arrangements, reducing the immediate need for additional office space acquisition in Pune. The proposed ₹500.00 lakhs reallocation towards acquisitions and strategic initiatives aims to enhance business operations, enter new market segments, and integrate additional service lines previously outsourced to third parties.

Postal Ballot Process and Timeline

The postal ballot process will be conducted entirely through electronic voting, with the following schedule:

Bigshare Services Private Limited serves as the Registrar and Transfer Agent facilitating the e-voting process, while Mr. Neeraj Rajkumar Parwani (Membership No. F12296), Practicing Company Secretary and Partner of M/s KPN & Associates Company Secretaries, Pune, has been appointed as the scrutinizer to ensure fair and transparent conduct of the postal ballot.

Strategic Rationale and Expected Impact

The Board of Directors emphasizes that the TPL-ESOP 2026 implementation will strengthen employee engagement, enhance productivity, and contribute to sustainable value creation by linking rewards to performance and long-term corporate success. The plan includes comprehensive provisions for various separation scenarios, including resignation, retirement, death, and permanent incapacity, ensuring fair treatment of option holders across different circumstances.

Regarding the IPO proceeds deviation, the company expects the proposed acquisitions and strategic initiatives to improve consolidated earnings and cash flow in the long term, either directly or through subsidiaries. The 12-month timeline for achieving the varied objects reflects the company's commitment to efficient capital deployment and strategic execution.

Members holding shares in dematerialized form are advised to ensure their email addresses are registered with respective Depository Participants, while those holding physical shares should verify registration with the company's Registrar and Transfer Agent for seamless participation in the e-voting process.

Source: Telge Projects Limited Postal Ballot Notice dated February 19, 2026