General Updates

July 19, 2026 BSE Limited : Code No. 544042 Department of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 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.: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations 2015 - Incorporation of a wholly owned subsidiary company Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and the SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, we wish to inform you that Bajel Projects Limited ("the Company") has incorporated a wholly owned subsidiary namely BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C in Abu Dhabi, United Arab Emirates on July 18, 2026. The details as required under Regulation 30 of the SEBI Listing Regulations read with the aforesaid SEBI Master Circular are enclosed herewith as Annexure A. We request you to kindly take the above information on record. Thanking you, Yours faithfully, For Bajel Projects Limited Amee Bharatbhai Joshi Company Secretary and Chief Compliance Officer Membership No:- A22502 Encl.: As above. Annexure A Disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Incorporation of Wholly Owned Subsidiary Sr. Particulars Details 1. Name of the target entity, Name: BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C details in brief such as size, Date of Incorporation: July 18, 2026 turnover, etc. Country of Incorporation: United Arab Emirates The Company has been incorporated with an issued share capital of AED 100,000 (United Arab Emirates Dirhams One Hundred Thousand only), which will be subscribed by Bajel Projects Limited in accordance with the applicable laws of the United Arab Emirates. Turnover: Not applicable, being a newly incorporated company. 2. Whether the acquisition would The said Wholly Owned Subsidiary ("WOS") is a related party of the fall within related party Company. Except to the extent of being a WOS, none of the transaction(s) and whether the promoters, promoter group or group companies of the Company has promoter/promoter any interest in the said entity. The incorporation of the WOS does not group/group companies have constitute a related party transaction and, therefore, the requirement any interest in the entity being of arm's length is not applicable. acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length". 3. Industry to which the entity Engineering, Procurement and Construction (EPC) relating to power being acquired belongs. transmission, power distribution and allied infrastructure projects. 4. Objects and impact of The WOS has been incorporated to strengthen the Company's acquisition (including but not presence in the Middle East and to undertake Engineering, limited to, disclosure of reasons Procurement and Construction (EPC) projects relating to power for acquisition of target entity, transmission, power distribution, substations, electrical if its business is outside the infrastructure and allied contracting activities in the United Arab main line of business of the Emirates in accordance with applicable laws. listed entity) 5. Brief details of any The WOS has been incorporated in accordance with the applicable governmental or regulatory laws of the Emirate of Abu Dhabi and the United Arab Emirates and approvals required for the has obtained the necessary incorporation/registration approvals acquisition from the competent authority. 6. Indicative time period for Not applicable, since the WOS has already been incorporated. completion of the acquisition 7. Nature of consideration – Cash consideration. whether cash consideration or share swap and details of the same 8. Cost of acquisition and/or the The Company will subscribe to the entire issued share capital of AED price at which the shares are 100,000 (United Arab Emirates Dirhams One Hundred Thousand acquired only), in accordance with the applicable laws of the United Arab Emirates. 9. Percentage of shareholding / Bajel Projects Limited will hold 100% of the equity share capital of control by the listed entity and BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C. / or number of shares allotted 10. Brief background about the BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C was entity acquired in terms of incorporated on July 18, 2026, in Abu Dhabi, United Arab Emirates. products/line of business The entity has been incorporated to undertake Engineering, acquired, date of incorporation, Procurement and Construction (EPC) activities relating to power history of last three years' transmission, power distribution, substations, electrical turnover, country in which the infrastructure, construction and engineering contracting and allied acquired entity has presence infrastructure activities. Being a newly incorporated company, it has and any other significant no business operations or turnover history. information (in brief).