Appointment of Mr. Kawal Singh (DIN: 09223449) as an Additonal Director designated a Non-Executive Independent Director of the Company w.e.f 16th May 2026.
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Bazel International Ltd, a registered NBFC, announced the appointment of Mr. Kawal Singh as Additional Director designated as Non-Executive Independent Director, effective 16th May 2026. The appointment was based on the recommendation of the Nomination and Remuneration Committee and is in compliance with the Companies Act, 2013 and SEBI LODR Regulations. The appointment is valid up to the date of the ensuing Annual General Meeting. Mr. Kawal Singh has diverse experience in accounting, taxation, corporate compliance, and legal advisory, with an LL.B. degree and MBA (Finance). He is not related to any existing directors of the Company. The Board also took on record routine disclosures, declarations of independence, KYC/AML compliance confirmations, and familiarization programme for Independent Directors.
This is a routine board appointment that strengthens the board's independence. The addition of an Independent Director with compliance and legal expertise is positive for governance, particularly for an NBFC operating under RBI oversight. No immediate impact on stock price expected.