Bajel Projects seeks to lift borrowing limit to ₹5,000 crore
The company declared a dividend of ₹0.60 per share while expanding its debt capacity. A new director from the promoter family joins the board.
— 2 earlier stories on Bajel Projects Ltd. →What's new
- Board proposed lifting the borrowing limit to ₹5,000 cr from ₹3,500 cr.
- Final dividend of ₹0.60 per share recommended for FY26.
- Pooja Bajaj appointed as additional non-executive non-independent director.
Why this matters
The proposed expansion of debt capacity signals a shift in capital strategy. The addition of a family member to the board alongside a change in the company secretary role alters the governance structure ahead of the August 7 meeting.
What we're watching
- Shareholder vote on the increased borrowing limit at the August 7 AGM.
- The company's specific plans for the expanded debt capacity.
- Transition of the company secretary role from Ajay Nagle to Amee Joshi.
The full read
Bajel Projects is looking to tap more debt. The board has proposed raising the company's borrowing limit to ₹5,000 crore from ₹3,500 crore. This requires shareholder approval at the annual general meeting on August 7. The board also recommended a final dividend of ₹0.60 per share, or 30% of face value. Governance changes are underway. Mrs. Pooja Bajaj, daughter-in-law of chairman Shekhar Bajaj, joins the board as an additional non-executive non-independent director. The company secretary office is changing hands; Amee Joshi takes over as company secretary and chief compliance officer. Outgoing secretary Ajay Nagle will work as an executive director until his retirement on August 31. The combination of a higher debt ceiling and a new family appointment to the board makes the upcoming AGM a test for the company's strategic direction.
Questions answered
- What is the new borrowing limit proposed by the board?
- The board has proposed increasing the borrowing limit to ₹5,000 crore from the current ₹3,500 crore ceiling.
- What dividend did the company declare?
- The board recommended a final dividend of ₹0.60 per equity share, which is 30% of the face value.
- Who is the new director joining the board?
- Mrs. Pooja Bajaj, the daughter-in-law of chairman Shekhar Bajaj, has been appointed as an additional non-executive non-independent director.
- Are there any changes to the company's secretarial leadership?
- Ajay Nagle relinquished his role as company secretary effective May 27. He remains an executive director until his retirement on August 31, while Amee Joshi takes over as company secretary and chief compliance officer.
Story so far
All notes on BAJEL →- 27 May 2026 · 8:22 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