General Updates

July 17, 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: Business Responsibility and Sustainability Report for FY 2025-26 of Bajel Projects Limited (“Company”). Pursuant to the provisions of Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”) and Circulars issued in this regard, please find enclosed herewith the Business Responsibility and Sustainability Report (“BRSR”) for the financial year ended March 31, 2026, which forms part of the Annual Report. The aforesaid BRSR is also available on the website of the Company, i.e., https://www.bajelprojects.com/investor-relations.html. We request you to take the above on record and that the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations and other applicable laws, if any. Thanking you, Yours faithfully, For Bajel Projects Limited Amee Bharatbhai Joshi Company Secretary & Chief Compliance Officer Membership No: - A22502 Encl.: As above Big Picture Actions Verticals Capabilities ESG Reports Financials Business Responsibility and Sustainability Report (BRSR) SECTION A  General disclosures SECTION B  Management and process disclosures SECTION C  Principle-wise performance disclosures Principle 1  Businesses should conduct and govern themselves with integrity and in a manner that is ethical, transparent, and accountable Principle 2  Businesses should provide goods and services in a manner that is sustainable and safe Principle 3  Businesses should respect and promote the well-being of all employees, including those in their value chains Principle 4  Businesses should respect the interests of and be responsive to all its stakeholders Principle 5  Businesses should respect and promote human rights Principle 6  Businesses should respect and make efforts to protect and restore the environment Principle 7  Businesses, when engaging in influencing public and regulatory policy, should do so in a manner that is responsible and transparent Principle 8  Businesses should promote inclusive growth and equitable development Principle 9  Businesses should engage with and provide value to their consumers in a responsible manner SECTION A: GENERAL DISCLOSURES Bajel Projects Limited (“Bajel”/“the Company”) operates at the intersection of engineering precision and India’s energy ambition, delivering engineering, procurement, and construction (EPC) solutions for power infrastructure across domestic and international markets. Carved out from Bajaj Electricals Limited’s EPC business through a Scheme of Arrangement effective September 2023, the Company now functions as an independent entity, carrying forward more than two decades of project experience while charting its own strategic course towards sustainable growth. Bajel operates through four business verticals, Power Transmission, Power Distribution, Monopoles, and International EPC, with its own manufacturing facility at Ranjangaon MIDC, Pune. Across these segments, the Company has built Extra High Voltage (EHV) transmission lines, commissioned AIS and GIS substations, and extended electrification into rural and urban communities, translating infrastructure into dependable power for households long underserved. For Bajel, these are not isolated deliverables but evidence of a broader purpose: closing the distance between energy infrastructure and the people who depend on it. The Ranjangaon facility anchors this delivery. Equipped to manufacture transmission line towers, monopoles, high masts, and other fabricated structures, the plant combines digital monitoring, lean production methods, and modern fabrication technology to maintain quality and operational discipline. It operates under internationally recognized certifications: ISO 9001:2015 (Quality Management Systems), ISO 14001:2015 (Environmental Management Systems), ISO 45001:2018 (Occupational Health & Safety Management Systems), and ISO 3834-2:2005 (Quality Requirements for Fusion Welding of Metallic Materials). These standards govern how the Company builds, but its responsibilities extend well beyond the factory floor. www.bajelprojects.com 1 Big Picture Actions Verticals Capabilities ESG Reports Financials I. Products/Services Bajel treats environmental performance as an operational requirement rather than an afterthought. 17. Details of business activities (accounting for 90% of the turnover): The Company has reengineered processes to curb industrial waste—zinc ash and dross in particular—while continuously optimizing the resource utilization. The Company adheres strictly to SN Description of Description of Business Activity % of Turnover the provisions of the Water (Prevention and Control of Pollution) Act, the Air (Prevention and Control Main Activity of the entity Environment of Pollution) Act, and the Environment Protection Act. 1 Power Turnkey EPC for EHV transmission lines and substations up to 765 kV for 83.58 Transmission state, central, and private utilities The Company’s workforce reflects a deliberate push toward inclusion, with growing representation of women in technical and leadership positions. Bajel invests in the well-being of both permanent 2 Power EPC for distribution infrastructure including 33 kV lines, substations, and 8.55 and contractual employees through health, safety, and welfare programs and grounds its workplace Distribution last-mile connectivity projects practices in respect for human rights and active stakeholder dialogue—building the trust on which Social 3 International Turnkey EHV transmission and distribution EPC projects in international 0.47 long-term progress depends. EPC markets (Middle East and Africa) Governance at Bajel rests on accountability and ethical conduct rather than procedure alone. A 4 Monopoles Design, manufacture, supply and installation of steel monopoles and 1.94 defined Code of Conduct, reinforced by whistleblower protection and fair-disclosure policies, sets special structures for transmission and distribution clear expectations at every level of the organization. Through transparent stakeholder engagement 5 Manufacturing Production of transmission towers, monopoles, lighting towers and high 5.46 and reporting aligned with the National Guidelines on Responsible Business Conduct (NGRBC) Unit masts at Ranjangaon MIDC, Pune for domestic and export markets Governance principles, the Company holds itself to standards it considers inseparable from sustainable 18. Products/Services sold by the entity (accounting for 90% of the turnover): performance. SN Product/Services NIC Code % of total Turnover This report documents that approach in practice: what Bajel has built, how it manages its environmental and social impact, contributed and where it intends to go next. Anchored in environmental stewardship, social equity, and sound governance, Bajel Projects 1 Power Transmission 2592 83.58 Limited positions itself as a dependable partner in building a resilient energy ecosystem for India and beyond. 2 Power Distribution 2592 8.55 Details of the listed entity 3 International EPC 4220 0.47 4 Monopoles 2592 1.94 1. Corporate Identity (CIN) of the Listed Entity L31900MH2022PLC375133 2. Name of the Listed Entity Bajel Projects Limited 5 Manufacturing Unit 2710 5.46 3. Year of incorporation 19/01/2022 II. Operations 4. Registered office address Rustomjee Aspiree, 8th Floor, Bhanu Shankar Yagnik Marg, Sion East, Mumbai- 400022 19. Number of locations where plants and/or operations/offices of the entity are situated: 5. Corporate office Rustomjee Aspiree, 8th Floor, Bhanu Shankar Yagnik Marg, Sion SN Location Number of plants Number of offices Total East, [Showing first 8,000 characters — download PDF for full document]