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Awaiting price reaction for this filing.
Bazel International Ltd, a non-banking financial company (NBFC) based in New Delhi, has submitted a confirmation to BSE stating that it does not qualify as a 'Large Corporate' under the SEBI circular dated 26th November 2018 (and the subsequent amendment dated 19th October 2023) on fund raising through debt securities. As the company does not meet the criteria specified in Clause 2 of the circular, the requirement to raise a minimum portion of incremental borrowings via debt securities does not apply to it. The letter was signed by Preeti Bhatia, Company Secretary and Compliance Officer, on 3rd April 2025.
This is a routine regulatory compliance submission and has no direct impact on shareholders or the stock price. It simply confirms that Bazel International is below the threshold size to be classified as a Large Corporate under SEBI norms.