Meeting Details

  • Type of Meeting: Postal Ballot through remote e-voting (no physical meeting)
  • Postal Ballot Notice Date: September 4, 2026
  • Cut-Off Date for Shareholder Eligibility: August 28, 2026
  • Voting Period: September 5, 2026 (9:00 AM IST) to October 4, 2026 (5:00 PM IST)

Proposed Resolution and Implications

The single resolution proposed was an Ordinary Resolution to approve Material Related Party Transactions between Bajel Projects Limited and AnantGrid Projects One Private Limited (AGPOPL) and/or its to be wholly-owned subsidiary Lakadia A Power Transmission Limited. The promoters/promoter group were interested in this resolution.

Voting Process and Methods

The voting was conducted exclusively through remote e-voting facilitated by MUFG Intime India Private Limited. No physical polling or postal ballot methods were used. The e-voting platform was accessible at https://instavote.linkintime.co.in/.

Key Voting Outcomes

Overall Results:

  • Total shares outstanding: 115,696,935
  • Total votes cast: 10,858,162
  • Percentage of votes polled on outstanding shares: 9.3850%
  • Votes in favor: 10,851,904 (99.9424% of votes polled)
  • Votes against: 6,258 (0.0576% of votes polled)
  • No abstain votes were recorded

Category-wise Breakdown:

Promoter and Promoter Group:

  • Shares held: 72,342,279
  • Votes polled: 0 (0.0000% of shares held)
  • Votes in favor: 0
  • Votes against: 0

Public Institutions:

  • Shares held: 10,992,664
  • Votes polled: 10,732,828 (97.6363% of shares held)
  • Votes in favor: 10,732,828 (100.0000% of votes polled)
  • Votes against: 0 (0.0000% of votes polled)

Public Non-Institutions:

  • Shares held: 32,361,992
  • Votes polled: 125,334 (0.3873% of shares held)
  • Votes in favor: 119,076 (95.0069% of votes polled)
  • Votes against: 6,258 (4.9931% of votes polled)

Scrutinizer's Role and Findings

Mr. Anant B. Khamankar, Proprietor of Messrs. Anant B. Khamankar & Co., Practising Company Secretaries, was appointed as the Scrutinizer. His responsibilities included:

  • Scrutinizing the postal ballot process through remote e-voting
  • Ensuring fair and transparent voting process
  • Ascertaining requisite majority on remote e-voting
  • Generating the scrutinizer's report based on data from the e-voting system

Key findings from the scrutinizer's report dated October 5, 2026:

  • The remote e-voting process was conducted from September 5, 2026 (9:00 AM IST) to October 4, 2026 (5:00 PM IST)
  • The notice was sent electronically to members with registered email addresses
  • Only members on record as of August 28, 2026 were eligible to vote
  • The e-voting system was unblocked after October 4, 2026 at 5:00 PM IST
  • The ordinary resolution was passed with requisite majority

Compliance Confirmation

The company confirmed compliance with:

  • Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
  • Sections 108 and 110 of the Companies Act, 2013
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • The information was uploaded on the company's website (www.bajelprojects.com) and the e-voting portal

Additional Information

  • Total number of shareholders on record date: 81,276
  • Company CIN: L31900MH2022PLC375133
  • Company Address: 801, Rustomjee Aspiree, Anik Wadala Link Road, Sion East, Mumbai - 400022
  • Scrutinizer Address: B-510, Neelkanth Business Park, Nathani Road, Vidyavihar (West), Mumbai - 400086