Press Release

October 26, 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.: Bagging of order for Substation Reg: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI Listing Regulations”). Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Company has been awarded a Major* EPC Order of GIS Substation, as mentioned in their respective PO, as per details given in Annexure A. The press release in this regard titled “Bajel Projects Bags ₹200+ Crore* Major Order for Mumbai’s Critical 400 kV GIS Infrastructure” is enclosed as Annexure B. None of the promoter/promoter group/group companies have any interest in the entity that awarded the order/contract. Further, the order/contract would not fall within the purview of related party transaction. We request you to take the above on record and put up the same on your Notice Board for the information of members and general public. Further, the same be treated as compliance under the applicable provisions of the SEBI Listing Regulations. * Project Classification inclusive of GST as per the Company’s policy Significant Orders Large Orders Major Orders Mega Orders Ultra-Mega Orders Rs.50 Cr to Rs.100 Cr Rs. 100 Cr to Rs. 200 Cr Rs. 200 Cr to Rs.300 Cr Rs. 300 Cr to Rs.400 Cr Rs. 400 Cr and above 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 in terms of Regulations 30 of SEBI Listing Regulations read with SEBI Circular No. SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 Awarding/Bagging/Receiving of Orders/Contracts Sr. No. Particulars Details a) Name of the entity awarding the order(s)/contract(s) The Tata Power Company Limited b) Whether the order(s)/contract(s) is ordinary course of Yes. business? c) Significant terms and conditions of order(s)/contract(s) EPC of 400 kV GIS and associated equipment along with awarded, in brief Civil Works for 400 kV GIS RSS at Dharavi and Ghatkopar in Mumbai. d) Whether order(s) / contract(s) have been awarded by Domestic Entity. domestic/ international entity ? e) Nature of order(s)/contract(s) EPC Contract for Substation works. f) Whether domestic or international Domestic. g) Time period if any, associated with the 18 Months from the date of issuance of Purchase Order order(s)/contract(s) h) Broad commercial consideration or size of the Major Order order(s)/contract(s) EPC of 400 kV GIS and associated equipment along with Civil Works for 400 kV GIS RSS at Dharavi and Ghatkopar in Mumbai. i) Whether the promoter/ promoter group / group No. companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof; j) Whether the order(s)/contract(s) would fall within related No. party transactions? If yes, whether the same is done at “arm’s length Annexure – B Bajel Projects Bags ₹200+ Crore* Major Order for Mumbai’s Critical 400 kV GIS Infrastructure Mumbai, 26th October 2026: Bajel Projects Limited (Bajel) has secured a Major order worth approximately ₹200+ Crore* from a private client for the Engineering, Procurement and Construction (EPC) of 400 kV Gas Insulated Substations (GIS) at Dharavi and Ghatkopar in Mumbai. Per the Company's project classification policy (inclusive of GST), the order qualifies as a Major order. The order encompasses the EPC works of 400 kV GIS Receiving Substations (RSS), including associated electrical systems, substation automation, communication infrastructure, Balance of Plant equipment, and civil works. The project will support the strengthening of Mumbai's power transmission infrastructure and contribute to enhancing power reliability in one of India's most densely populated metropolitan regions. Commenting on the order win, Mr. Rajesh Ganesh, Managing Director & CEO, Bajel Projects Limited, said: "As India's leading cities continue to experience rapid urbanization and increasing electricity demand, robust transmission infrastructure becomes critical to ensuring reliable and efficient power delivery. These projects will contribute to strengthening Mumbai's grid network through advanced GIS technology while supporting the city's long-term energy requirements. We are proud to be associated with infrastructure that powers economic growth and enhances the quality of life for millions of consumers." This order further strengthens Bajel's order book and reinforces its position as a trusted partner for developing critical transmission infrastructure across India. *The company's policy categorizes project wins, inclusive of GST, into the following financial bands: Significant Orders Large Orders Major Orders Mega Orders Ultra-mega Orders Rs. 50 Cr to Rs. Rs. 100 Cr to Rs. Rs. 200 Cr to Rs. Rs. 300 Cr to Rs. Rs. 400 Cr and Above 100Cr 200 Cr 300 Cr 400 Cr With increasing investments in renewable energy, grid modernization and transmission expansion, Bajel Projects continues to strengthen its position as a leading player in India's power transmission and distribution sector, delivering complex and high-value projects that enable the nation’s energy ambitions. About Bajel Projects Limited Bajel Projects Limited (Bajel) is a leading Engineering, Procurement and Construction (EPC) and manufacturing solutions company with a strong domestic and international presence across the Power Transmission and New Energies (formerly Power Distribution) sectors. As part of the Bajaj Group, Bajel is recognized for its project management capabilities and operational excellence, making it a preferred partner to leading state, national and international utilities, and private infrastructure players. Formerly the EPC arm of Bajaj Electricals Limited, Bajel continues to be guided by the same values and beliefs that have driven its growth for over two decades at Bajaj Electricals Ltd. For more information, visit: https://bajelprojects.com/ For further information, please contact: Media Queries: corporate.communications@bajelprojects.com Investor Queries: investor.relations@bajelprojects.com