Shareholders meeting

September 4, 2026 BSE Limited : Code No. – 544042 Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 National Stock Exchange of India Limited : BAJEL – Series: EQ Listing Department Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Dear Sir/Madam, Sub: Postal Ballot Notice - Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) by Bajel Projects Limited (the “Company”) Pursuant to the provisions of Regulation 30 read with Part A of Schedule III to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“SEBI Listing Regulations”), we enclose herewith a copy of the Notice of Postal Ballot, along with the Explanatory Statement (“Notice”), dated September 4, 2026 which is being sent today, Friday, September 4, 2026, for seeking consent of the Members of the Company on a Special Business as contained in the Notice by passing the Ordinary Resolution, through Postal Ballot by means of remote e-Voting (“e-Voting”), pursuant to the Section 110 of the Companies Act, 2013 read with Circulars issued by Ministry of Corporate Affairs (“MCA Circulars”) and Securities and Exchange Board of India, (“SEBI Circulars”) from time to time, Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India (“SS-2”) and any other applicable laws, rules, and regulations: Sr.No. Description of Special Business Type of Resolution 1. To approve Material Related Party Transactions Ordinary Resolution between Bajel Projects Limited (“the Company”) and AnantGrid Projects One Private Limited (“AGPOPL”) and/or its to be wholly-owned subsidiary Lakadia A Power Transmission Limited. The Notice has been sent electronically to all the Members whose names appeared in the Register of Members or List of Beneficial Owners, as received from National Securities Depository Limited (NSDL) or Central Depository Services (India) Limited (CDSL) (“DP”), as on Friday, August 28, 2026 (“Cut-off date”) and who had registered their e-mail addresses with the Company / DP. As per the MCA Circulars, the communication of assent or dissent of the Members would take place only through the remote e-Voting system. Members who have not updated their email addresses with the Company/Registrar & Transfer Agent/DP are requested to update their email addresses as per the instructions given in the enclosed Notice. The following details pertain to the remote e-Voting facility provided by the Company: Remote E-Voting Details 1. Cut-off date [for determining the Members Friday, August 28, 2026 entitled to vote the resolution set forth in the Notice 2. Date and time of commencement of remote Saturday, September 5, 2026, at 9.00 e-Voting a.m. (IST) 3. Date and time of conclusion of remote e- Sunday, October 4, 2026, at 5.00 p.m. voting (IST) [Remote e-voting module shall be disabled post this date and time] 4. Date of declaration of Postal ballot voting Within two working days from the results conclusion of e-Voting period 5. Manner of Voting Voting through electronic means only (remote e-Voting) 6. Authority entrusted for registration of email MUFG Intime India Private Limited addresses for receiving the Notice (Formerly Link Intime India Private Limited) 7. Detailed Procedure for Remote e-Voting Please refer page 5 to 12 of the Notice 8. Agency appointed for providing remote e- MUFG Intime India Private Limited Voting facility to the Members The instructions for remote e-Voting are set out in the Notes to the Notice under the section "INSTUCTION FOR REMOTE E-VOTING”. A copy of the said Notice is being made available on the website of the Company, viz., www.bajelprojects.com and on the websites of BSE Limited at www.bseindia.com and the National Stock Exchange of India Limited at www.nseindia.com It is also being made available on the website of MUFG at www.in.mpms.mufg.com. We request you to take the above on record and treat the same as compliance under the applicable provisions of the SEBI Listing Regulations. Thanking you, Yours faithfully, For Bajel Projects Limited Amee Bharatbhai Joshi Company Secretary & Chief Compliance Officer Membership: -A22502 Encl.: As above. BAJEL PROJECTS LIMITED Registered Office: 801, Rustomjee Aspiree, Anik Wadala Link Road, Sion East, Mumbai 400022. Tel: 022-65467300/65178700 Email ID: legal@bajelprojects.com Website: https://bajelprojects.com Corporate Identification Number (CIN): L31900MH2022PLC375133 NOTICE OF POSTAL BALLOT [PURSUANT TO SECTION 108 AND 110 OF THE COMPANIES ACT, 2013 READ WITH RULE 20 AND 22 OF THE COMPANIES (MANAGEMENT AND ADMINISTRATION) RULES, 2014 EACH AS AMENDED AND ANY APPLICABLE CIRCULARS ISSUED BY THE MINISTRY OF CORPORATE AFFAIRS FROM TIME TO TIME, READ WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATION AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015] The Member(s), NOTICE is hereby given, in accordance with the provision of Section 110 read with Section 108 of the Companies Act, 2013 (“the Act”) and other applicable provisions, if any, of the Act, and Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 as amended from time to time (including any statutory modification or re-enactment thereof for the time being in force) (“the Rules”), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and the Secretarial Standard on General Meetings issued by the Institute of Company Secretaries of India (“SS-2”), as amended from time to time read with the General Circular No. 14/2020 dated April 8, 2020, 17/2020 dated April 13, 2020, and subsequent circulars issued in this regard, the latest being 09/2024 dated September 19, 2024 issued by the Ministry of Corporate Affairs (“MCA”) (hereinafter collectively referred to as “MCA Circulars”), and pursuant to recent SEBI Circular No: SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024, SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2025/83 dated June 5, 2025, and other applicable laws, rules and regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force), that the Resolution appended below is proposed to be passed by the Members of Bajel Projects Limited (“Company”) as an Ordinary Resolution by way of Postal Ballot only by voting through electronic means (“remote e-voting”). In compliance with the aforesaid MCA Circulars, this Postal Ballot Notice is being sent through electronic mode to those Shareholders/Members whose e-mail addresses are registered with the Company/Depositories as on benpos date i.e. Friday, August 28, 2026. Those Members who have not yet registered their e-mail addresses are requested to register the same by following the procedure set out in the notes to this Postal Ballot Notice. In compliance with the aforesaid MCA Circulars, a hard copy of Postal Ballot Notice, Postal Ballot Forms and pre- paid business envelope will not be sent to the Members, and Members are required to communicate their assent or dissent through Remote e-voting system only. A copy of this Notice and the accompanying documents are also placed on the website of the Company at www.bajelprojects.com and will also be available on the website of BSE Limited (“BSE”) and The National Stock Exchange of India Limited (“NSE”) at www.bseindia.com and www.nseindia.com respectively and also on the website of MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) - Registrar and Transfer Agent (“RTA”) at https://instavote.linkintime.co.in/ An explanatory statement pursuant to Section 102, 110 and other applicable provisions of the Act, read with Rules framed thereunder, setting out the material facts concerning the resolution mentioned in this Postal Ballot Notice (“No [Showing first 8,000 characters — download PDF for full document]