Bajel Projects Limited, a leading entity in the construction and project development sector, has made a significant disclosure to the BSE and NSE regarding the resignation of a key member of its senior management team. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed the stock exchanges about the resignation of Mr. Pradeep Kumar MV, the Joint President & Head Centre of Excellence. His resignation is set to be effective from the close of business hours on May 15, 2025 due to personal reasons.

Details of the Resignation

In its communication to the stock exchanges, Bajel Projects shared the resignation details, specifying that Mr. Pradeep Kumar MV would be stepping down from his position as part of the company's senior management team. His role as Joint President & Head Centre of Excellence was instrumental in leading various strategic initiatives and the company’s operational excellence.

The resignation is purely on account of personal reasons, and the company expressed its gratitude for the valuable contributions Mr. Pradeep Kumar MV has made during his tenure. The company has indicated that there will be no immediate impact on its day-to-day operations or strategic direction due to his departure.

Compliance with SEBI Listing Regulations

As required under Regulation 30 of the SEBI Listing Regulations and further detailed in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, the company has provided the following details in Annexure A:

1. Reason for Change: Resignation of Mr. Pradeep Kumar MV, due to personal reasons.

2. Effective Date: His cessation will take place from the close of business hours on May 15, 2025.

3. Term of Appointment: As the resignation has been voluntarily tendered by Mr. Pradeep Kumar MV, there is no term of appointment applicable.

4. Profile and Relationships: The resignation does not include the appointment of a new director, and there are no familial relationships between directors involved.

The official resignation letter received from Mr. Pradeep Kumar MV has been enclosed as Annexure B in the filing.

Impact on Bajel Projects

Although Mr. Pradeep Kumar MV’s resignation is a significant change for the company, Bajel Projects Limited assured that there will be no adverse effects on its operations or strategic goals in the near future. The company remains committed to fulfilling its business objectives and maintaining stability within its senior management structure.

The company has also confirmed that it will make appropriate announcements regarding any subsequent appointments to fill the vacated role, should it be deemed necessary. However, the immediate future does not foresee any disruption in the company’s ongoing projects and operations.

Company Overview

Bajel Projects Limited is a prominent player in the field of construction and project development, specializing in infrastructure projects across various sectors, including residential, commercial, and industrial developments. The company has a strong portfolio and continues to expand its reach in the Indian market. Its reputation for delivering quality projects on time and within budget has earned it the trust of stakeholders and investors alike.

The company’s senior management team, led by industry experts, has been pivotal in the firm’s growth, with a focus on innovation and sustainable development. Bajel Projects has successfully executed several large-scale projects and continues to be a leading force in the construction and infrastructure sector in India.

Conclusion

Mr. Pradeep Kumar MV’s resignation marks a significant change in the senior management team of Bajel Projects Limited. However, the company has assured that the resignation will not have any material impact on its operations. The company remains committed to its strategic goals and will continue to adhere to all SEBI Listing Regulations to ensure transparency and effective corporate governance.

As Bajel Projects moves forward, stakeholders can expect clear communications regarding any updates or further developments in the management team, ensuring business continuity and leadership stability.

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