StockWatch
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Power - Transmission
Management Change27 May 2026, 07:22 pm

Bajel Projects: Ajay Nagle Resigns, Amee Joshi Appointed CS

AI Summary

Bajel Projects Ltd announced the resignation of Mr. Ajay Nagle as Company Secretary & Chief Compliance Officer, effective May 27, 2026. He will continue as Executive Director until August 31, 2026. Ms. Amee Joshi has been appointed as the new Company Secretary & Chief Compliance Officer, also effective May 27, 2026. The board also approved financial results, a dividend of ₹0.60 per share, increased borrowing limits to ₹5,000 crore, and the appointment of Mrs. Pooja Bajaj as an Additional Non-Executive Non-Independent Director, all subject to shareholder approval at the upcoming AGM.

Key Highlights

  • Ajay Nagle resigns as Company Secretary & Chief Compliance Officer, effective May 27, 2026.
  • Amee Joshi appointed as Company Secretary & Chief Compliance Officer, effective May 27, 2026.
  • Board recommends a final dividend of ₹0.60 per share (30%) for FY26.
  • Borrowing limits increased from ₹3,500 crore to ₹5,000 crore, subject to shareholder approval.
  • Pooja Bajaj appointed as Additional Non-Executive Non-Independent Director.