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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, a Delhi-based non-banking financial company (BSE Scrip: 539946), informed the stock exchange about resolutions passed at its 43rd Annual General Meeting held on 29th September 2025. Shareholders approved the appointment of M/s Meenu G. & Associates, Practicing Company Secretaries, as Secretarial Auditors for a 5-year term covering FY 2025-26 to FY 2029-30. Mr. Prithvi Raj Bhatt (DIN: 08192235) was re-appointed as an Independent Director for a second 5-year term starting 10th July 2025, and Mr. Chetan Kumar Joshi (DIN: 10737706), a Chartered Accountant, was appointed as a new Independent Director effective 3rd September 2025. The most material item was the approval to issue up to 10,69,190 equity shares of Rs. 10 each at Rs. 66.95 per share (including a Rs. 56.95 premium) on a preferential basis to two investors - Chaser Financial Services Pvt Ltd and Panafic Industrials Ltd - to convert outstanding unsecured loans into equity under Section 62(1)(C) of the Companies Act, 2013.
The preferential allotment converts existing debt into equity, which reduces the company's liabilities but will dilute existing shareholders' stakes. The share price of Rs. 66.95 is well above the face value, indicating the loan amount being converted is substantially higher than the share count suggests - worth tracking for capital structure changes.