Annual Secretarial Compliance Report of the company for the year ended 31st March 2026
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Bazel International Ltd, a registered NBFC listed on BSE (Scrip Code: 539946), has filed its Annual Secretarial Compliance Report for the year ended 31st March 2026. The report, issued by Meenu G. & Associates, Company Secretaries, confirms the company largely complied with SEBI regulations. However, two minor non-compliances were identified: (1) delayed appointment of Company Secretary under Regulation 6(1) of SEBI LODR, fined Rs. 38,000 plus GST, and (2) delay in prior intimation of Board Meeting under Regulation 29(2), fined Rs. 10,000 plus GST. Both violations were subsequently regularized after paying the fines. The company has one subsidiary, Arur Footwear Limited, which did not qualify as a material subsidiary during the review period. No additional non-compliances or SEBI actions were noted.
The two compliance violations were minor administrative delays that have been rectified. The company paid fines totaling Rs. 48,000 plus GST and has since complied. This filing is routine and does not indicate any material concern for shareholders, though it reflects modest governance gaps.