Integrated Filing-Governance



General information about company

Scrip Code 544042
NSE Symbol BAJEL
MSEI Symbol NOTLISTED
ISIN INE0KQN01018
Name of the entity Bajel Projects Limited
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Reporting Quarter Quarterly
Date of Quarter Ending 31-Dec-2025
Type of company Equity
Whether Annexure I (Part A) of the SEBI Circular dated December 31, 2024 related to Compliance Report on Corporate Governance is applicable to the entity? Yes
Whether Annexure I (Part B) of the SEBI Circular dated December 31, 2024 related to Investor Grievance Redressal Report is Applicable to the entity? Yes
Whether Annexure I (Part C) of the SEBI Circular dated December 31, 2024 related to Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies is Applicable to the entity? No
Reason For Part C Of Annexure I Disclosure Of Acquisition Of Shares OrVotingRightsInUnlistedCompaniesIsNotApplicableToTheEntity DURING THE QUARTER ENDED DECEMBER 31, 2025, THE COMPANY HAS NOT ACQUIRED, DIRECTLY OR INDIRECTLY, SHARES OR VOTING RIGHTS IN UNLISTED SUBSIDIARIES IN TERMS OF SUB-PARA 1 OF PARA A OF PART A OF SCHEDULE III OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATION, 2015, AS AMENDED.
Whether Annexure I (Part D) of the SEBI Circular dated December 31, 2024 related to Disclosure of Imposition of Fine or Penalty is Applicable to the entity? Yes
Whether Annexure I (Part E) of the SEBI Circular dated December 31, 2024 related to Disclosure of Updates to Ongoing Tax Litigations or Disputes is Applicable to the entity? Yes
Whether Annexure I (Part F) of the SEBI Circular dated December 31, 2024 related to Disclosure Of Loans / Guarantees / Comfort Letters / Securities Etc. is Applicable to the entity?
Risk management committee Yes
Market Capitalisation as per immediate previous Financial Year Top 1000 listed entities
Is SCORE ID Available ? Yes
SCORE Registration ID COMB00709
Reason For No SCORE ID
Type of Submission Revision
Remarks (website dissemination) Due to an inadvertent oversight, the details of the Risk Management Committee meeting held on Monday, 22nd December 2025 were missed out. Considering the unintended oversigt, we are not filing a revised submission.



Annexure I
Annexure I to be submitted by listed entity on quarterly basis
I. Composition of Board of Directors
Disclosure of notes on composition of board of directors explanatory
Whether the listed entity has a Regular Chairperson Yes
Whether Chairperson is related to MD or CEO No Disqualification of Directors under section 164 of the Companies Act, 2013
Sr Title (Mr / Ms) Name of the Director PAN DIN Category 1 of directors Category 2 of directors Category 3 of directors Date of Birth Whether the director is disqualified? Start Date of disqualification End Date of disqualification Details of disqualification Current status Whether special resolution passed? [Refer Reg. 17(1A) of Listing Regulations] Date of passing special resolution Initial Date of appointment Date of Re-appointment Date of cessation Tenure of director (in months) No of Directorship in listed entities including this listed entity (Refer Regulation 17A of Listing Regulations) No of Independent Directorship in listed entities including this listed entity [with reference to proviso to regulation 17A(1) & 17A(2)] Number of memberships in Audit/ Stakeholder Committee(s) including this listed entity (Refer Regulation 26(1) of Listing Regulations) No of post of Chairperson in Audit/ Stakeholder Committee held in listed entities including this listed entity (Refer Regulation 26(1) of Listing Regulations) Reason for Cessation Notes for not providing PAN Notes for not providing DIN
1 Mr. Shekhar Bajaj 00089358 Non-Executive - Non Independent Director Chairperson related to Promoter 08-Jun-1948 No Active Yes 16-Jun-2023 19-Jan-2022 5 0 4 3
2 Mr. Rajesh Ganesh 07008856 Executive Director Not Applicable CEO-MD 22-Jun-1972 No Active NA 18-Sep-2023 1 0 1 0
3 Mr. Ajay Nagle 00773616 Executive Director Not Applicable 26-Jul-1966 No Active NA 01-Sep-2023 1 0 1 0
4 Mr. Rajendra Prasad Singh 00004812 Non-Executive - Independent Director Not Applicable 17-Jul-1948 No Active Yes 30-Aug-2023 28-Aug-2023 28-Aug-2023 28.03 2 2 2 0
5 Mr. Maneck Davar 01990326 Non-Executive - Independent Director Not Applicable 05-Mar-1958 No Active NA 28-Aug-2023 28-Aug-2023 28.03 3 3 4 2
6 Ms. Radhika M Dudhat 00016712 Non-Executive - Independent Director Not Applicable 29-Jun-1970 No Active NA 28-Aug-2023 28-Aug-2023 28.03 4 4 6 1
7 Mr. Sudarshan Sampathkumar 01875316 Non-Executive - Independent Director Not Applicable 23-Jan-1962 No Active Yes 14-Aug-2025 22-May-2025 22-May-2025 7.09 2 2 2 1



Annexure 1

II. Composition of Committees
Disclosure of notes on composition of committees explanatory



Audit Committee Details
Whether the Audit Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 01990326 Maneck Davar Non-Executive - Independent Director Chairperson 28-Aug-2023
2 00004812 Rajendra Prasad Singh Non-Executive - Independent Director Member 28-Aug-2023
3 00016712 Radhika M Dudhat Non-Executive - Independent Director Member 18-Sep-2023



Nomination and remuneration committee
Whether the Nomination and remuneration committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00004812 Rajendra Prasad Singh Non-Executive - Independent Director Chairperson 28-Aug-2023
2 00089358 Shekhar Bajaj Non-Executive - Non Independent Director Member 28-Aug-2023
3 01990326 Maneck Davar Non-Executive - Independent Director Member 28-Aug-2023



Stakeholders Relationship Committee
Whether the Stakeholders Relationship Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00089358 Shekhar Bajaj Non-Executive - Non Independent Director Chairperson 01-Sep-2023
2 00004812 Rajendra Prasad Singh Non-Executive - Independent Director Member 01-Sep-2023
3 00016712 Radhika M Dudhat Non-Executive - Independent Director Member 18-Sep-2023
4 00773616 Ajay Nagle Executive Director Member 01-Sep-2023
5 07008856 Rajesh Ganesh Executive Director Member 27-Mar-2024



Risk Management Committee
Whether the Risk Management Committee has a Regular Chairperson Yes
Sr DIN Number Name of Committee members Category 1 of directors Category 2 of directors Date of Appointment Date of Cessation Remarks
1 00089358 Shekhar Bajaj NED Chairperson 01-Sep-2023
2 00016712 Radhika M Dudhat ID Member 01-Sep-2023
3 00773616 Ajay Nagle ED Member 01-Sep-2023
4 07008856 Rajesh Ganesh ED Member 01-Sep-2023
5 99999999 Aurelius D'Monte Chief Internal Auditor Member 01-Sep-2023 Textual Information(1)
6 99999999 Nitesh Bhandari CFO Member 01-May-2025 Textual Information(2)



Text Block
Textual Information(1) MR. AURELIUS D'MONTE IS THE CHIEF INTERNAL AUDITOR OF BAJEL PROJECTS LIMITED ('COMPANY), AND HE IS NOT A MEMBER OF THE BOARD OF DIRECTORS OF THE COMPANY.
Textual Information(2) MR. NITESH BHANDARI IS THE CHIEF FINANCIAL OFFICER OF BAJEL PROJECTS LIMITED (COMPANY), W.E.F. MAY 01, 2025 AND HE IS NOT A MEMBER OF THE BOARD OF DIRECTORS OF THE COMPANY.



Annexure 1
III. Meeting of Board of Directors
Disclosure of notes on meeting of board of directors explanatory
Sr Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Notes for not providing Date Whether requirement of Quorum met (Yes/No) Total Number of Directors as on date of the meeting Number of Directors present* (All directors including Independent Director) No. of Independent Directors attending the meeting*
1 08-Aug-2025 Yes 7 7 4
2 14-Nov-2025 97 Yes 7 7 4



Annexure 1
IV. Meeting of Committees
Disclosure of notes on meeting of committees explanatory
Sr Name of Committee Date(s) of meeting (Enter dates of Previous quarter and Current quarter in chronological order) Maximum gap between any two consecutive (in number of days) Name of other committee Reson for not providing date Whether requirement of Quorum met (Yes/No) Total Number of Directors in the Committee as on date of the meeting Number of Directors Present (All Directors including Independent Director) No. of Independent Directors attending the meeting* No. of members attending the meeting (other than Board of Directors)
1 Audit Committee 08-Aug-2025 Yes 3 3 3 0
2 Audit Committee 14-Nov-2025 97 Yes 3 3 3 0
3 Nomination and remuneration committee 08-Aug-2025 Yes 3 3 2 0
4 Nomination and remuneration committee 14-Nov-2025 97 Yes 3 3 2 0
5 Stakeholders Relationship Committee 15-Sep-2025 Yes 5 4 1 0
6 Stakeholders Relationship Committee 22-Dec-2025 97 Yes 5 3 1 0
7 Risk Management Committee 11-Oct-2025 Yes 4 2 1 0
8 Risk Management Committee 22-Dec-2025 71 Yes 4 2 1 0



Annexure 1
VI. Affirmations
Sr Subject Compliance status (Yes/No)
1 The composition of Board of Directors is in terms of SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
2 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015 a. Audit Committee Yes
3 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. b. Nomination & remuneration committee Yes
4 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. c. Stakeholders relationship committee Yes
5 The composition of the following committees is in terms of SEBI(Listing obligations and disclosure requirements) Regulations, 2015. d. Risk management committee (applicable to the top 1000 listed entities) Yes
6 The committee members have been made aware of their powers, role and responsibilities as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015. Yes
7 The meetings of the board of directors and the above committees have been conducted in the manner as specified in SEBI (Listing obligations and disclosure requirements) Regulations, 2015 Yes
8 This report and/or the report submitted in the previous quarter has been placed before Board of Directors. Yes
9 Any comments/observations/advice of Board of Directors may be mentioned here:



Annexure 1
Sr Subject Compliance status
1 Name of signatory AJAY NAGLE
2 Designation Company Secretary and Compliance Officer



Details of Cyber security incidence
Whether as per Regulation 27(2)(ba) of SEBI (LODR) Regulations, 2015 there has been cyber security incidents or breaches or loss of data or documents during the quarter No
Other details of cyber security incidence or breaches or loss of data event
Number of cyber security incidence or breaches or loss of data event occurred during the quarter
Sr Date of the event Brief details of the event



Signatory Details
Name of signatory AJAY NAGLE
Designation of person Company Secretary and Compliance Officer
Place MUMBAI
Date 21-Jan-2026


Investor Grievance Details
No. of investor complaints pending at the beginning of Quarter 0
No. of investor complaints received during the Quarter 0
No. of investor complaints disposed off during the Quarter 0
No. of investor complaints those remaining unresolved at the end of the Quarter 0


Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies-
The details of acquisition of shares or voting rights in unlisted companies during the quarter in terms of sub-para 1 of para A of Part A of Schedule III are given below
Any Other Information for Disclosure of Acquisition of Shares or Voting Rights in Unlisted Companies
Sr. No. Name of the unlisted company in which shares or voting rights have been acquired Date of acquisition Aggregate holding (% shares or voting rights) as at the end of the previous quarter % shares or voting rights acquired during the quarter Aggregate holding (% shares or voting rights) as at the end of the quarter


Disclosure of Imposition of Fine or Penalty
The details of imposition of fine or penalty during the quarter in terms of sub-para 20 of para A of Part A of Schedule III are given below:
Any Other Information for Disclosure of Imposition of Fine or Penalty
Sr. No. Name of the authority Nature and details of the action(s) taken or order(s) passed Date of receipt of direction or order, including any ad interim or interim orders, or any other communication from the authority Details of the violation(s)/ contravention(s) committed or alleged to be committed Impact on financial, operation or other activities of the listed entity, quantifiable in monetary terms to the extent possible
1 GST Authority Danapur Demand Order under section 73(9) has been issued by Central /Bihar GST ACT 2017 comprising of Intimation for payment of tax of Rs.5.25 lacs which consist of penalty of Rs. 83585/- . 11-Nov-2025 The GST authority has disallowed ITC on certain expenses by considering the same as blocked credit u/s 17(5) of the CGST Act, 2017. The same may be substantiated basis the documents available with the company to substantiate that input tax credit is eligible to the company. The Company is currently in the process of filing an appeal against the order before the Appellate Authority. No impact on the Company's financial operation or other activities


Disclosure of Updates to Ongoing Tax Litigations or Disputes
The updates on tax litigations or disputes in terms of sub-para 8 of para B of Part A of Schedule III read with corresponding provisions of Annexure 18 of the Master Circular are given below:

Any Other Information for Disclosure of Updates to Ongoing Tax Litigations or Disputes
Sr. No. Name of the opposing party Date of initiation of the litigation / dispute Status of the litigation / dispute as per last disclosure Current status of the litigation / dispute
1 GST Authority Karnataka 24-Jan-2025 The Company has replied to the notice on 25th March, 2025 and matter is pending with Deputy Commissioner of Commercial Taxes (Audit). There is no Movement
2 GST Authority Danapur 13-Mar-2025 The Office of the Joint Commissioner of State Tax, Danapur Circle–1, Danapur (801503), has raised a demand of tax and interest amounting to ₹390.90 lakh on the Company, as per the Intimation of Tax dated March 13, 2025, determined as payable under Section 73(5) of the Goods and Services Tax Act, 2017.Further to our letter dated March 21, 2025, the Company has provided an update that the GST Authority has imposed tax and interest amounting to ₹236.77 lakh for the financial year 2024–25, as per the Show Cause Notices dated July 19, 2025, issued under Section 74A(1) & Section 74A(5)(i) of the Goods and Services Tax Act, 2017. The demand has arisen due to a mismatch between GSTR-3B and GSTR-7 returns.The Company has submitted its reply to the said notice on August 21, 2025, and the matter is presently pending before the Joint Commissioner of State Tax, Danapur. There is no Movement