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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bazel International Ltd, a registered NBFC, filed a revised board meeting outcome on May 29, 2026, correcting an earlier error where draft financial results were accidentally submitted instead of final approved ones. The original meeting on May 28, 2026 approved audited standalone and consolidated results for Q4 and FY ended March 31, 2026. Standalone revenue grew 37.6% to Rs. 439.89 lakh, but net profit declined 30% to Rs. 101.25 lakh due to higher expenses and tax. Consolidated net profit fell 26.7% to Rs. 42.42 lakh. The board also appointed Mr. Narender Singh as Internal Auditor for FY 2026-27 and approved partial conversion of a Rs. 50+ crore inter-corporate loan to Sagar Portfolio Services Limited into equity shares. The company's subsidiary is Arur Footwear Limited (50.10% owned, acquired via NCLT CIRP in July 2024).
Revenue growth was strong but profitability declined significantly year-on-year. The auditors raised an emphasis of matter regarding non-receipt of interest income from a party to whom advances were made, with no sub-standard asset classification despite the exposure. The loan-to-equity conversion signals partial restructuring of financial exposure.