Bajel Projects seeks to lift borrowing limit to ₹5,000 crore
The company proposed a 43% increase in its debt ceiling alongside a ₹0.60 per share dividend and a board-level appointment for the chairman's family.
— 3 earlier stories on Bajel Projects Ltd. →What's new
- Board proposed raising the borrowing limit by 43% to ₹5,000 cr.
- Final dividend recommended at ₹0.60 per share.
- Pooja Bajaj appointed as additional non-executive non-independent director.
Why this matters
The jump in borrowing capacity suggests Bajel is preparing for a significant expansion in capital requirements. Investors should watch how this debt is deployed, especially as the board adds a family member to its ranks.
What we're watching
- Shareholder vote on the debt limit at the August 7 AGM.
- Any further details on the planned use of the increased borrowing capacity.
- Transition of the company secretary role to Amee Joshi.
The full read
Bajel Projects is looking to expand its financial headroom. The board has proposed raising the company's borrowing limit to ₹5,000 crore, a 43% hike from the current ₹3,500 crore. This proposal requires shareholder approval at the upcoming annual general meeting on August 7.
It is a big jump.
Alongside the debt proposal, the company declared a final dividend of ₹0.60 per share. Amee Joshi took over as company secretary from Ajay Nagle, effective May 27. Pooja Bajaj, the daughter-in-law of chairman Shekhar Bajaj, also joined the board as an additional non-executive non-independent director. The increase in borrowing capacity is the most material item here. It signals that management is preparing for a larger capital footprint, though the specific use of these funds remains to be seen.
Questions answered
- How much is the company planning to increase its borrowing limit?
- Bajel Projects is seeking shareholder approval to raise its borrowing limit to ₹5,000 crore, which is a 43% increase from its current limit of ₹3,500 crore.
- What dividend did the board recommend?
- The board recommended a final dividend of ₹0.60 per share, representing 30% of the face value.
- Who was appointed to the board?
- Pooja Bajaj, the daughter-in-law of chairman Shekhar Bajaj, was appointed as an additional non-executive non-independent director.
- Has there been a change in the company secretary?
- Yes, Ajay Nagle has stepped down and was replaced by Amee Joshi, effective May 27.
Story so far
All notes on BAJEL →- 27 May 2026 · 6:45 PM IST Bajel Projects seeks to lift borrowing limit to ₹5,000 crore
- today Bajel Projects hits record revenue as profit jumps 74%
- today Bajel Projects seeks to lift borrowing limit to ₹5,000 crore
- today Bajel Projects seeks to lift borrowing limit to ₹5,000 crore