Allotment of 22,050 equity shares of Rs. 2 each on exercise of options of eligible employees

September 29, 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.: Allotment of 22,050 equity shares of Rs.2 each on exercise of options by eligible employees. Re.: 10th Meeting of Stakeholders’ Relationship Committee Pursuant to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”), we wish to inform you that the Stakeholders’ Relationship Committee, at its Meeting held today i.e. on Tuesday, September 29, 2026, has approved the allotment of 22,050 equity shares of Rs. 2 each, fully paid-up, in favour of 18 Employees who were granted stock options under the Bajel’s Special Purpose ESOP Scheme 2023. Post this allotment, the issued, subscribed and paid-up capital of the Company shall comprise of 11,57,18,985 equity shares of Rs. 2 each fully paid-up amounting to Rs. 23,14,37,970/-. The details as required under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, are enclosed as Annexure A. 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. Thanking you, Yours faithfully, For Bajel Projects Limited Amee Bharatbhai Joshi Company Secretary & Chief Compliance Officer Membership No.: - A22502 Annexure A SCHEDULE I [Part E read with Reg 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021] 1 Company Name and address of Registered Office : BAJEL PROJECTS LIMITED Rustomjee Aspiree, 8th Floor, Bhanu Shankar Marg, Off, Eastern Express Highway, Sion (E), Mumbai- 400 022 CIN- L31900MH2022PLC375133 2 Name of the recognised Stock Exchanges on : BSE Limited (BSE) which the company’s shares are listed National Stock Exchange of India Limited (NSE) 3 Filing date of the statement referred in regulation : Bajel Projects Ltd - Special Purpose Employee Stock Option 10(b) of the Securities and Exchange Board of Scheme 2023 India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, with the recognised BSE: - January 01, 2024 Stock Exchange NSE: - January 01, 2024 4 Filing Number, if any : NIL 5 Title of the Scheme pursuant to which shares are : Bajel Projects Ltd - Special Purpose Employee Stock Option issued, if any Scheme 2023 6 Kind of Security to be listed : Equity Shares 7 Par value of the shares : Rs. 2.00 per share 8 Date of issue of shares : September 29, 2026 9 Number of shares issued : 22,050 10 Share Certificate No., if applicable : Not Applicable 11 Distinctive number of the share, if applicable : 118196936 to 118218985 12 ISIN Number of the shares if issued in Demat : INE0KQN01018 13 Exercise Price per share : Grant Scheme Grant Price (Rs) Date 96.02 120.37 Special 09-Jan- 122.68 Purpose ESOP 24 136.95 Scheme 2023 140.94 144.96 14 Premium per share : Grant Scheme Grant Price (Rs) (Premium) Date 94.02 118.37 Special 09-Jan- 120.68 Purpose ESOP 24 134.95 Scheme 2023 138.94 142.96 15 Total Issued Shares after this issue : 11,57,18,985 Equity Shares 16 Total Issued Share capital after this issue : Rs. 23,14,37,970/-. 17 Details of any lock-in on the shares : Not Applicable 18 Date of expiry of lock-in : Not Applicable 19 Whether shares identical in all respects to : Yes, the new equity shares issued shall rank pari -passu with existing shares If not, when will they become the existing equity shares. identical? 20 Details of Listing fees, if payable : Not Applicable