Key Quantitative Figures

The newly incorporated subsidiary, BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C, has an issued share capital of AED 100,000 (United Arab Emirates Dirhams One Hundred Thousand only).

Dates of Action

The subsidiary was incorporated on July 18, 2026. The disclosure was made to the stock exchanges on July 19, 2026.

Parties Involved

  • Bajel Projects Limited (Indian listed entity)
  • BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C (wholly owned subsidiary)
  • Regulatory authorities in the Emirate of Abu Dhabi and United Arab Emirates

Business Details of Subsidiary

  • Name: BAJEL T AND D PROJECTS AND CONTRACTING - L.L.C - S.P.C
  • Country of Incorporation: United Arab Emirates
  • Industry: Engineering, Procurement and Construction (EPC) relating to power transmission, power distribution, substations, electrical infrastructure and allied contracting activities
  • Turnover: Not applicable (newly incorporated company with no business operations)

Ownership Structure

Bajel Projects Limited will hold 100% of the equity share capital of the subsidiary. The company will subscribe to the entire issued share capital of AED 100,000 in accordance with UAE laws.

Transaction Details

  • Nature of consideration: Cash consideration
  • Cost of acquisition: AED 100,000 for 100% shareholding
  • Related party status: The subsidiary is a related party by virtue of being wholly owned, but the incorporation does not constitute a related party transaction requiring arm's length assessment
  • Government approvals: All necessary incorporation/registration approvals have been obtained from competent authorities in Abu Dhabi and UAE

Purpose and Strategic Rationale

The subsidiary has been incorporated to strengthen Bajel Projects Limited's presence in the Middle East market and to undertake EPC projects relating to power transmission, power distribution, and allied infrastructure activities in the United Arab Emirates.

Financial Impact

The financial impact involves an investment of AED 100,000 for the entire share capital subscription. Being a newly incorporated entity, the subsidiary has no historical turnover or business operations.