Bajel Projects Limited — Remuneration Information 2025

Jun 3, 2025

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June 03, 2025

To, 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.: Grant of 2,40,000 (Two Lakh Forty Thousand Only) Stock Op�ons under the Bajel Projects Limited Employee Stock Op�on Plan 2024’ (“ESOP 2024”/ “Scheme”) | Disclosure under Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015, as amended (“SEBI Lis�ng Regula�ons”).

We wish to inform that the Nomina�on and Remunera�on Commi�ee of the Company ("NRC/Commi�ee”) at its mee�ng, has approved a total grant 2,40,000 (Two Lakh Forty Thousand Only) stock op�ons under Bajel Projects Limited –Employee Stock Op�ons Plan-2024 (“ESOP 2024”/ “Scheme”) to the eligible employees of the Company.

The details as required under Lis�ng Regula�ons read with SEBI circular no. SEBI/HO/CFD/CFDPoD- 1/P/CIR/2023/123 dated July 13, 2023, with respect to above grants is given in Annexure A .

We request you to take the above on record and that the same be treated as compliance under the applicable provisions of the SEBI PIT Regula�ons and Company’s Code.

Thanking you, Yours faithfully, For Bajel Projects Limited

Ajay Digitally signed by Ajay Suresh Suresh Nagle Date: 2025.06.03 Nagle 13:48:08 +05'30' Ajay Nagle Execu�ve Director, Company Secretary & Chief Compliance Officer

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Annexure A

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a) Brief details of op�ons granted; 2,40,000 (Two Lakh Forty Thousand Only) employee stock op�ons
(“Op�ons”) granted to the eligible employees as determined by the
Nomina�on and Remunera�on Commi�ee.
b) Whether the scheme is in terms Yes, the Scheme is in compliance with the SEBI (Share Based Employee
of SEBI (SBEB) Regula�ons, 2021 Benefits and Sweat Equity) Regula�ons, 2021.
(if applicable);
c) Total number of shares covered 2,40,000 (Two Lakh Forty Thousand Only) exercisable into not more
by these op�ons; than 2,40,000 (Two Lakh Forty Thousand Only)) equity shares of face
value of ₹2 (Rupee two Only) each fully paid-up.
d) Pricing formula; The aforesaid Op�ons have been granted at an Exercise Price of
₹ 133.71 per op�on as approved by the Nomina�on and Remunera�on
Commi�ee. [Exercise Price calculated as a discount on the closing price
on NSE where the traded volume in the Company’s share was higher on
the last trading date previous to the date of the Commi�ee Mee�ng]
e) Op�ons vested; Nil
f) Time within which op�on may The vested Op�ons shall be exercisable within a
be exercised; maximum period of 7 years from the date of
first Ves�ng of Op�ons.
g) Op�ons exercised; Nil
h) Money realized by exercise of Nil
op�ons;
i) The total number of shares Nil
arising as a result of exercise of
op�on;
j) Op�ons lapsed; Nil
k) Varia�on of terms of op�ons; Not Applicable
l) Brief details of significant  The Scheme also provides for the manner in which
terms; Stock Op�ons would be dealt with in case of death,
permanent incapacity, resigna�on, termina�on,
re�rement etc.
 The equity shares allo�ed, pursuant to the exercise
of the Stock Op�ons, would not be subject to lock-
in.
 The aforesaid Op�ons shall vest not earlier than minimum period of
1 (one) year and not later than maximum period of 5 (five) years
from the Grant Date.
m) Subsequent changes or Not Applicable
cancella�on or exercise of such
op�ons;
n) Diluted earnings per share Op�ons are yet to be exercised
pursuant to issue of equity shares
on exercise of op�ons.
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