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Projects BAJEL August 7, 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 Sirs, Sub: Outcome of the Board Meeting of Bajel Projects Limited ("Company") held today i.e. on Friday, August 7, 2026 ("Meeting"). Unaudited Financial Results of the Company for the first quarter ended June 30, 2026: Further to our letter dated July 31, 2026, and pursuant to the provisions of Regulations 30 (read with Part A of Schedule I1l) and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), and based on the recommendation of the Audit Committee, we enclosed herewith the following statements for the first quarter ended June 30, 2026, which were approved and taken on record by the Board of Directors at its Meeting held today: a) The Unaudited Standalone & Consolidated Financial Results of the Company for the first quarter ended June 30, 2026, along with Limited Review Report as provided by Statutory Auditors thereon, which were approved and taken on record by the Board of Directors at the above Meeting; The Meeting of the Board of Directors commenced at 5:00 p.m. and concluded at 6:10 p.m. 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 Digitaly signed by Amee Amee Bharatbhat Joshi Bharatbhai Joshi Date 2260507 185106 0530 Amee Bharatbhai Joshi Company Secretary & Chief Compliance Officer (Membership No.: A22502) Encl: As Above Registered Office: 801, Rustomjee Aspiree, Anik Wadala Link Road, Sion (East), Mumbai - 400022 ITel: +91 22 6826 7300 | Website: www.bajelprojects.com BAJAJ Email: legal@bajelprojects.com | CIN No.: L31900MH2022PLC375133 SRBC&COLLP 330m avabepisrta Chartered Accountants Dadar (West) Mumbai - 400 028, India Tel : +91 22 6819 8000 Independent Auditor’s Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Bajel Projects Limited 1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of Bajel Projects Limited (the “Company”) for the quarter ended June 30, 2026 (the “Statement”) attached herewith, being submitted by the Company pursuant to the requirements of Regulation33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). 2. The Company’s Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) “Interim Financial Reporting” prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company’s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity” issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (‘Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. 5. We draw your attention to note 2 of the accompanying Unaudited Standalone Financial Results of the Company, which describes that the Company has invoked/ongoing arbitration proceedings with respect to three of its customers for recovery of outstanding balances. Considering that the outcome of the arbitration proceedings cannot be presently determined, no further adjustments have been considered necessary in the Unaudited Standalone Financial Results by the management. Our conclusion is not modified in respect of this matter. ForSRBC&COLLP Chartered Accountants ICAI Firm registration number: 324982E/E300003 per Pushkar Sakhalkar Partner Membership No.: 160411 UDIN: 26160411DGELIX9500 Place: Mumbai Date: August 07, 2026 SRBCECOLLP, a Limited Liabilty Partnership with LLP dentity No. ARB-4318 Regd. Offce - 22, Camac Street, Block 8. 31d Floor, Kolketa700 016 Bajel Projects Limited N LatoOoHHz0Z2PL G713 Registered Office: Rustomjee Aspiree, 8th Floor, Bhanu Shankar Yagnik Marg. Off Eastern Express Highway, Sion (E), Mumbai 400022 Tol 4912268267300 Webste: Hip A bajeprojecctosm Emot: nvostor relatons@balelproects.com UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2026 (R. in Lakhs excopt por share dats) Quarter Ended Your Endod oMo Particulars 304unzs 31Marzs 304unzs S1tar-26 — TRudied) - wnaiteg) | BN | wnaudied) (hudted) 1 [Revnue rom opsrations (o) NetSaies 0952562 013582 27585740 ) Other oparang Incoma 125108 2783 3300.12 [Tota rovenus from operations 00,775 076325 2715752 2 |Otner ncoms. G (52 260820 3 [Total ncome (1+2) Totams Staots 2atassst 4 [Ex{pae)n sCeoss t of materils consumed w0280 6961335 w982 19038287 b) Changes ininversores of rished gooc and warkirnprogress (.e8068) 321082 4753 285,10 €) Erecton & subconiractng expensas 7815.00 1284350 78220 730047 ({od)) FEimnpalnocyee csc sbtesn efts expanses 41,107767.8958 319493318377 138662751058 1653141214278 0 Depreciaton and amortsaton sxzense 49539 15120 188004 Tot{agl) EOxtpheern sexepso nses S5e1s93i729 S4..168068..2360 27273562 312 5 [Profitbefore exceptional tems and tax (34) et W [AGE 5 [Excopionsittems e ots3 B NAT 7 [profitbefore tax (54) T 38550 8 [Tax expanse (croaiy: Curenttax 78 Tes.2 11070 126793 Deferrd tax 516 @ess1) 271 wsz34) Taxin respectf earer year s6.9 21532) - 21522) [Total tax exponses Yy 2645 Ti3a1 027 9 [proftforthe poiodiyear 78} s e o 289533 10 [Otherc ompraheinncosmei /vloess (4 tems that it bo racissoi ptroef do oss ser0s7 131030) (oes.20) as%72) ) Incomo tx olatoi tnomgs that wll b reclassied fo proorf lsts @257 s 2385 1i806.06 (8 e that i ot bo ceclasafod o pofitor s (6.0 @75) o) 052 ) incame tax eltio dnamgs that wil ot be racassfied o proftoross i 2481 1225 1528 Totalother comprshansive income) loss serant asesy) (0203 o029 1 [Total Comprehensive Income !( loss) net of tax for the periodiyear (9-10) 16.223.33)] 263186 1,033.54 8,378.32 12 [Paidrp oquity share capital (Face valuo of R 21 each) 231354 13 [Other Equlty (Resorv [Showing first 8,000 characters — download PDF for full document]