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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bazel International Ltd's board, at its 3rd September 2025 meeting, approved several items. The 43rd Annual General Meeting is scheduled for 29th September 2025 at 2:00 PM in New Delhi, with share transfer books closed from 23rd–29th September and the e-voting cut-off date set as 22nd September 2025. Ms. Pooja Bhardwaj stepped down as Non-Executive Independent Director (end of her first term, effective 26th August 2025), and Mr. Chetan Kumar Joshi, a 32-year-old Chartered Accountant, was appointed as Independent Director for a five-year term, subject to shareholder approval. The Board approved raising the authorised share capital from ₹11.50 crore to ₹75.00 crore, along with changes to the Memorandum of Association. It also approved converting outstanding unsecured loans (plus interest) from Chaser Financial Services and Panafic Industrials Ltd into equity via a preferential allotment of up to 10,69,190 shares at ₹66.95 each (₹10 face value + ₹56.95 premium), totalling up to about ₹7.16 crore, subject to shareholder and regulatory approvals.
If approved at the AGM, the preferential allotment and the more than 6x jump in authorised capital point to significant dilution for existing shareholders, while the debt-to-equity swap could ease the company's liabilities. Existing investors should watch the AGM outcome and the final share-allotment numbers closely.