How much does Bajel Projects want to increase its borrowing limit?

The company is proposing to raise its borrowing limit to ₹5,000 crore from ₹3,500 crore.

What dividend did the board recommend?

The board recommended a final dividend of ₹0.60 per equity share, which is 30% of the face value.

Who was appointed to the board?

Ms. Pooja Bajaj, the daughter-in-law of chairman Shekhar Bajaj, was appointed as an additional non-executive non-independent director.

When will shareholders vote on these proposals?

Shareholders are scheduled to vote on the borrowing limit and the board appointment at the annual general meeting on August 7.

Are there any changes to the company's leadership team?

Ms. Amee Joshi has been appointed as the new company secretary and chief compliance officer.

Earnings · Engineering - Construction · Small cap

Bajel Projects seeks to lift borrowing limit to ₹5,000 crore

The board approved a dividend of ₹0.60 per share and a hike in debt capacity. A family member of the chairman joins the board.

BAJEL 27 May 2026 · 7:15 PM IST Verify on BSE · NSE

Mkt cap₹2,132 cr

P/E194.52×

ROE2.32%

Debt / eq.0.69

₹5,000 cr Proposed new borrowing limit, up from ₹3,500 cr.

What's new

Board proposed lifting the borrowing limit to ₹5,000 cr from ₹3,500 cr.
Shareholders to vote on the debt expansion at the AGM on August 7.
Pooja Bajaj, daughter-in-law of the chairman, joins as a non-executive director.

Why this matters

The proposed debt expansion signals a change in capital requirements. The appointment of a family member to the board alongside a change in the compliance officer role creates a governance profile that shareholders should monitor.

What we're watching

Shareholder reaction to the debt limit hike at the August 7 AGM.
Details on the specific projects driving the higher borrowing limit.
The impact of the new board appointment on governance oversight.

The full read

Bajel Projects is asking shareholders to approve an expansion of its borrowing capacity. If passed at the August 7 AGM, the total debt limit will rise to ₹5,000 crore from ₹3,500 crore. This expansion arrives alongside the audited results for FY2026 and a recommended final dividend of ₹0.60 per share. Governance changes also feature in the results. The board appointed Ms. Amee Joshi as company secretary and chief compliance officer. Ms. Pooja Bajaj, the daughter-in-law of chairman Shekhar Bajaj, joins the board as an additional non-executive non-independent director. The combination of a debt expansion and a family-linked board appointment makes the upcoming AGM a test for the company's governance and capital strategy.

Questions answered

How much does Bajel Projects want to increase its borrowing limit?: The company is proposing to raise its borrowing limit to ₹5,000 crore from ₹3,500 crore.
What dividend did the board recommend?: The board recommended a final dividend of ₹0.60 per equity share, which is 30% of the face value.
Who was appointed to the board?: Ms. Pooja Bajaj, the daughter-in-law of chairman Shekhar Bajaj, was appointed as an additional non-executive non-independent director.
When will shareholders vote on these proposals?: Shareholders are scheduled to vote on the borrowing limit and the board appointment at the annual general meeting on August 7.
Are there any changes to the company's leadership team?: Ms. Amee Joshi has been appointed as the new company secretary and chief compliance officer.

Mentioned: Bajel Projects · Shekhar Bajaj · Pooja Bajaj

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.