Business Update Neutral

2026-11-06 16:22

- Investor presentation released for Q2 and H1 ended September 30, 2026. - H1 topline reached ₹1,093 Cr with production volume of 23,338 MT. - EPC order book stood at ₹5,001 Cr as on September 30, 2026. - Company secured its first TBCB developer order in collaboration with NIIF.

Business Update Positive

2026-11-06 16:14

- Achieved highest ever unexecuted order book of ~₹5,000 Cr (+48% YoY) at Q2 FY27 end, and ~₹6,500 Cr as of date. - Q2 FY27 Revenue declined 16% YoY to ₹514 Cr due to project start delays; EBITDA stood at ₹25 Cr (4.8% margin). - Q2 PAT was ₹6 Cr; secured major transmission orders across domestic and international markets.

Governance Neutral

2026-11-06 15:23

- Nomination and Remuneration Committee approved grant of 2,50,000 stock options under ESOP 2024 to 6 eligible employees on November 6, 2026. - Exercise price is set at ₹100.95 per option. - Options vest between 1 to 5 years and are exercisable within 7 years from the date of first vesting.

Financials Neutral

2026-11-06 15:16

- Board of Directors approved Unaudited Standalone and Consolidated Financial Results for Q2 and H1 ended September 30, 2026. - Meeting commenced at 1:30 PM and concluded at 2:50 PM on November 6, 2026. - Detailed financial tables were omitted from the provided filing text.

Business Update Positive

2026-10-26 18:56

Order Win: Bajel Projects Limited won order from Lakadia A Power Transmission Limited Order Value: ₹1500 Cr. Completion Timeline: 36 Months

Business Update Positive

2026-10-26 18:51

Order Win: Bajel Projects Limited won order from The Tata Power Company Limited Order Value: ₹200+ Cr. Completion Timeline: 18 Months

Business Update Positive

2026-10-26 18:40

Order Win: Bajel Projects Limited won order from Lakadia A Power Transmission Limited Order Value: ₹1,500 Cr. Completion Timeline: 36 Months

Business Update Positive

2026-10-26 18:35

Order Win: Bajel Projects Limited won order from The Tata Power Company Limited Order Value: ₹200+ Crore Completion Timeline: 18 Months

Business Update Positive

2026-10-09 21:04

Order Win: Bajel Projects Limited won order from clients in Mumbai for 220kV GIS Substations at Salsette and Powai Order Value: ₹200 Cr+ Scope of Work: Supply and installation of 220kV GIS at Salsette Receiving Station and 220kV Outdoor GIS Substation at Powai Receiving Station

Business Update Positive

2026-10-09 17:29

Order Win: Bajel Projects Limited won a major EPC order from The Tata Power Company Limited for 220 kV GIS Substation works at Salsette and Powai, Mumbai. Order Value: Major Order (categorized as ₹200 Cr to ₹300 Cr based on company policy). Completion Timeline: 18 months from the date of issuance of Purchase Order.

Governance Neutral

2026-10-05 19:13

- Bajel Projects Limited submitted the voting results and scrutinizer's report for the Postal Ballot concluded on October 4, 2026. - The ordinary resolution to approve Material Related Party Transactions with AnantGrid Projects One Private Limited and/or its wholly-owned subsidiary was passed with the requisite majority (99.94% votes in favour).

Governance Neutral

2026-09-29 16:10

- Bajel Projects Limited has approved the allotment of 22,050 equity shares of face value ₹2 each pursuant to the exercise of options under the Special Purpose ESOP Scheme 2023. - The shares are allotted to 18 eligible employees at varying exercise prices. - Post-allotment, the total issued and paid-up equity share capital of the company stands at ₹23,14,37,970 comprising 11,57,18,985 equity shares.

Governance Neutral

2026-09-29 14:49

- Bajel Projects Limited has approved the allotment of 22,050 equity shares of Rs. 2 each on September 29, 2026, pursuant to the exercise of options under the Special Purpose ESOP Scheme 2023. - Post-allotment, the total issued and paid-up equity share capital of the company stands at Rs. 23,14,37,970/- comprising 11,57,18,985 equity shares.

Routine Neutral

2026-09-24 16:59

- Trading window for dealing in securities will be closed from October 1, 2026. - Closure pertains to the declaration of Q2 and half-year ended September 30, 2026 financial results. - Window will reopen 48 hours after results announcement; board meeting date to be intimated later.

Business Update Neutral

2026-09-10 19:40

- Concall Schedule - Concall Date: September 16, 2026 - Investor/Analyst: DMZ Partner Investment Management LLP - Mode: Virtual/One on One Meeting

Financials Negative

2026-09-07 08:59

CRITICAL RED FLAG DETECTED

- Q1 FY27 Consolidated Operating Revenue ₹566.88 Cr vs ₹607.63 Cr (▼7% YoY) - EBITDA ₹17.73 Cr vs ₹16.20 Cr (▲9% YoY) - PAT ₹4.73 Cr vs ₹2.96 Cr (▲60% YoY) - EBITDA Margin 3.1% vs 2.7% (▲40 bps) - Company has ongoing arbitration proceedings for recovery of ₹85.95 Cr outstanding balances.

Governance Neutral

2026-09-04 17:53

- Bajel Projects Limited issued a Postal Ballot Notice to seek shareholder approval for Material Related Party Transactions with AnantGrid Projects One Private Limited and/or Lakadia A Power Transmission Limited. - The e-voting period runs from September 5, 2026 (9:00 a.m. IST) to October 4, 2026 (5:00 p.m. IST).

Governance Positive

2026-09-01 16:49

- Bajel Projects Limited granted 2,84,000 stock options under ESOP 2024 to 7 eligible employees at an exercise price of ₹116.07 per option, approved on September 1, 2026.

Governance Neutral

2026-08-31 22:53

- Retirement of Mr. Ajay Suresh Nagle, Executive Director, upon completion of his tenure. - The retirement is effective from the close of business hours on August 31, 2026.

Governance Neutral

2026-08-31 19:56

- Mr. Ajay Suresh Nagle retired as Executive Director of Bajel Projects Limited, effective August 31, 2026, upon completion of his tenure. The company expressed appreciation for his contributions.

Business Update Positive

2026-08-21 10:51

- Order Win: AnantGrid Projects One Private Limited, an associate of Bajel Projects (26% owned), has been declared the successful bidder for the Lakadia - Part A Inter-State Transmission Project under the TBCB route. - Awarded by: Letter of Intent (LoI) received from PFC Consulting Limited (PFCCL). - Project Scope: The project involves constructing approximately 270 Km of 765 KV double-circuit transmission lines from Halvad to Vadodara in Gujarat and additional works at three substations.

Business Update Positive

2026-08-12 15:38

- Order Win: Bajel Projects Limited won an ultra-mega order - Order Value: INR 600+ Crore - Details: For 765kV Transmission Line Package (TL05) under WR-ER Inter-Regional Network Expansion Scheme, involving construction of 765kV double-circuit transmission lines in Chhattisgarh.

Business Update Positive

2026-08-12 10:56

- Order Win: Bajel Projects Limited won an Ultra Mega EPC order for Transmission Line works from PowerGrid Corporation of India Limited (PGCIL) - Order Value: ₹400 Cr and above - Completion Timeline: 33 Months from the date of Notification of Award

Business Update Positive

2026-08-10 12:56

- Order Win: Bajel Projects Limited won two significant orders from Power Grid Corporation of India Limited (POWERGRID). - Order Value: One Ultra-Mega Order worth INR 400 Cr+ and one Mega Order worth INR 300 Cr+. - Details: The orders are for 400kV and 765kV double-circuit transmission lines under the Western Region-Eastern Region (WR-ER) Inter-Regional Network Expansion Scheme.

Business Update Positive

2026-08-08 16:22

- Order Win: Bajel Projects Limited won a Mega order from PowerGrid Corporation of India Limited (PGCIL) for EPC Transmission Line works. - Order Value: ₹300 Cr to ₹400 Cr (classified as a "Mega Order" by the company). - Completion Timeline: 27 Months from the date of Notification of Award. - Project Details: Transmission Line Package TL06 for LILO of Ranchi (New)- New PPSP 400kV D/C line at Jamshedpur (New).

Business Update Positive

2026-08-08 16:13

- Order Win: Bajel Projects Limited won an Ultra-Mega order from PowerGrid Corporation of India Limited (PGCIL) for EPC of a 765 kV D/C Transmission Line (Raigarh (Tamnar) - Jamshedpur). - Order Value: Rs. 400 Cr and above. - Completion Timeline: 33 Months from the date of Notification of Award.

Routine Neutral

2026-08-07 19:41