Bajel Projects Limited has announced that Mr. Binda Misra, the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the company, has tendered his resignation due to personal reasons. His resignation will be effective from the close of business hours on April 30, 2025.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to both BSE Limited (Scrip Code: 544042) and National Stock Exchange of India Limited (NSE) (Scrip Code: BAJEL, Series: EQ).

Details of the Resignation:

As per Annexure-A attached to the disclosure, the following details were provided:

• Name: Mr. Binda Misra

• Reason for Change: Resignation due to personal reasons.

• Date of Cessation: Effective from the close of business hours on April 30, 2025.

• Disclosure of Relationship Between Directors: Not applicable, as this is a resignation and not an appointment.

Letter of Resignation Submitted by Binda Misra

In his resignation letter dated March 29, 2025, addressed to the Managing Director & CEO of Bajel Projects Limited, Mr. Binda Misra formally conveyed his decision to resign from his role as CFO, citing personal reasons. He expressed his desire to be relieved by April 30, 2025, and assured the company that he would ensure a smooth and seamless handover of responsibilities to the designated executive during the transition period.

In his letter, Mr. Misra stated:
"As discussed, this is to inform you that for personal reasons, I would like to resign from the services of the company with immediate effect. I request you to kindly relieve me latest by April 30, 2025. During this transition period, I will ensure a seamless and smooth handover of my responsibilities to the nominated official/executive. It was a pleasure working with you and the team at Bajel Projects Limited after taking over as CFO."

Company’s Response and Transition Plan

Bajel Projects Limited has acknowledged Mr. Misra’s resignation and expressed its appreciation for his contributions to the company during his tenure. The company has confirmed that steps are being taken to ensure a smooth transition of responsibilities to the next designated executive.

Mr. Ajay Nagle, Executive Director, Company Secretary, and Chief Compliance Officer of Bajel Projects Limited, has confirmed that the company will adhere to the necessary compliance requirements under SEBI’s guidelines and will ensure that the transition process is handled efficiently.

Regulatory Compliance and SEBI Disclosure

The company’s disclosure was made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with sub-paragraphs 7 and 7C of Paragraph A, Part A of Schedule III of the SEBI Listing Regulations and the applicable SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The disclosure has been filed with the following exchanges:

• BSE Limited (BSE) – Scrip Code: 544042

• National Stock Exchange of India Limited (NSE) – Scrip ID: BAJEL, Series: EQ

Impact on Bajel Projects Limited

With Mr. Misra stepping down, Bajel Projects Limited will focus on ensuring a smooth transition of leadership in the finance department. The company is expected to announce the appointment of a new CFO soon, in compliance with the applicable regulatory framework.

About Bajel Projects Limited

Bajel Projects Limited is a leading company engaged in infrastructure development and project management across India. Known for its commitment to excellence and robust corporate governance practices, Bajel Projects has established a strong reputation in the sector.

With a focus on delivering value to its stakeholders, the company continues to undertake projects that contribute to India's infrastructure growth and economic development.

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