Shareholders meeting

August 10, 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: Summary of proceedings of the 4th Annual General Meeting (“AGM”) of the Members of Bajel Projects Limited (“Company”) held on August 10, 2026. Pursuant to Regulation 30 read with Schedule III and any other relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, (“SEBI Listing Regulations”) the following is the summary of the Company's 4th AGM proceedings: • The Company's 4th AGM was held today, i.e., on Monday, August 10, 2026, at 03:00 P.M. (IST), via Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”). The AGM was conducted in accordance with circulars issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”) in this regard. • The Meeting was presided over by Mr. Shekhar Bajaj, Chairman of the Company. • At the beginning of the meeting, the Chairman announced that the MCA and SEBI, through their respective circulars, have authorized the conduct of the AGM via VC/OAVM, eliminating the need for the physical presence of Members at a common venue. In accordance with this, the Company conducted its 4th AGM through VC. • The requisite quorum, being present, the Chairman called the Meeting to order. • The Chairman assured the shareholders that the Company had made all possible and feasible efforts to ensure their participation in this AGM. • Before taking up the business of the Meeting, the Chairman, on behalf of the Board of Directors, expressed deep condolences on the sad demise of Dr. Rajendra Prasad Singh, Independent Director of the Company, who passed away on Thursday, 16th July 2026. • The Chairman then proceeded to introduce the Directors of the Company present at the meeting including Mr. Maneck Davar, Chairman of the Audit Committee; Mr. Sudarshan Sampathkumar, Chairman of Nomination and Remuneration Committee; along with the Chief Financial Officer and Company Secretary, who were in attendance at the AGM. • The Chairman acknowledged the presence of Mr. Pushkar Sakhalkar, Partner, Messrs S R B C & CO. LLP, Chartered Accountants, the Statutory Auditors of the Company and Mr. Anant Khamankar, from M/s. Anant B Khamankar & Co., Practicing Company Secretaries, the Secretarial Auditors of the Company. • The Chairman apprised the Members that, in accordance with the provisions of the Companies Act, 2013, and the Rules framed thereunder ("the Act"), the document mandated for inspection were made accessible to the Members for electronic perusal during the AGM. • The Chairman affirmed that both the Auditors’ report on the Financial Statements of the Company and the Secretarial Audit Report for the financial year ended March 31, 2026, were devoid of any adverse remarks, qualifications, or disclaimers. As a result, these reports were not read out during AGM and treated it as read. • The Chairman then commenced his opening address, in which he provided a concise overview of the Company's performance. • The Chairman then apprised the Members that, in accordance with the provisions of the Act and SEBI Listing Regulations, the Company has extended the opportunity to all Members who held shares as on Monday, August 03, 2026, (the record date for e-voting), to exercise their voting rights on the agenda items specified in the Notice through the remote electronic voting system provided by MUFG Intime India Private Limited (“MUFG Intime”). The remote e-voting period remained open from Wednesday, August 05, 2026 (9.00 a.m. IST) to Sunday, August 09, 2026 (5.00 p.m. IST). Additionally, the option for e-voting was available during the AGM for Members who had not previously casted their votes. • The following agenda items, as per the Notice of the 4th AGM, were presented for Members' consideration and approval, and the same were approved through requisite majority: Item No. Agenda Resolution (Ordinary / Special) Ordinary Business 1. To receive, consider and adopt the Audited Ordinary Resolution Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2026, together with Directors’ and Auditors’ Report thereon. 2. To appoint a director in place of Mr. Rajesh Ganesh Ordinary Resolution (DIN: 07008856), who retires by rotation and being eligible, offers himself for re-appointment. 3. Declaration of final dividend on the equity shares of Ordinary Resolution the Company for the financial year ended March 31, 2026. Special Business 4. To consider and approve for giving authorization to Special Resolution the Board of Directors for borrowing under section 180(1)(c) of the Companies Act, 2013 upto an aggregate limit of ₹ 5,000 crores. 5. To consider and approve the proposal for giving Special Resolution authorization to the Board of Directors for creation of mortgage/charge on assets of the Company, under section 180(1)(a) of the Companies Act, 2013 upto an aggregate limit of ₹ 5,000 crores. 6. To ratify the remuneration of Cost Auditors of the Ordinary Resolution Company for the financial year ending March 31, 2027. 7. To appoint Ms. Pooja Bajaj (DIN: 08254455) as a Non- Ordinary Resolution Executive and Non-Independent Director of the Company. 8. Approval for Payment of Commission to Non- Special Resolution Executive Directors. • Upon invitation by the Chairman, 14 (fourteen) speaker shareholders/members addressed the Meeting through VC, and sought clarification on the Company's accounts, businesses, and other operational matters. • Thereafter, Chairman and Mr. Rajesh Ganesh, Managing Director & Chief Executive Officer, provided clarifications to the queries raised by the Members. • The Chairman, thereafter, thanked all the Members for their participation at the AGM, and for their constructive suggestions and comments. • The Chairman then requested the Members who had not yet casted their votes, to cast them using e- voting option at the Meeting. • The Chairman informed the Members that the e-voting results, along with the Report to be received from M/s. Anant Khamankar & Co, Practising Company Secretaries, the Scrutinizer appointed by the Board of Directors at its Meeting held on May 27, 2026, would be communicated to the Stock Exchanges where the Company's securities are listed. Additionally, these results will be posted on the Company's website www.bajelprojects.com and MUFG Intime ‘s website www.in.mpms.mufg.com not later than two working days after the conclusion of the AGM. • The Chairman thanked the Members and officially concluded the proceedings upon the completion of e-voting by the Members. The Meeting commenced at 03:00 PM (IST) and concluded at 04:15 P.M (IST). • Thereafter, the e-voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. 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 (ICSI Membership No.: A22502) Encl.: As above