Price
▲ 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 informed the stock exchange about the outcome of its 43rd AGM held on September 29, 2025. Shareholders approved the appointment of M/s Meenu G. & Associates as Secretarial Auditors for five years (FY2025-26 to FY2029-30). They also approved the re-appointment of Mr. Prithvi Raj Bhatt as Independent Director for a second five-year term starting July 10, 2025, and the appointment of Mr. Chetan Kumar Joshi (a Chartered Accountant aged 32) as a new Independent Director for a five-year term from September 3, 2025. Importantly, shareholders cleared a preferential issue of up to 10,69,190 equity shares of Rs. 10 each at Rs. 66.95 per share (including a premium of Rs. 56.95) to two investors — Chaser Financial Services Pvt Ltd and Panafic Industrials Ltd — on conversion of outstanding unsecured loans under Section 62(1)(C) of the Companies Act.
The preferential allotment will lead to equity dilution for existing shareholders as the company converts debt into shares, though it also reduces the company's loan burden. The total value of the preferential issue is approximately Rs. 7.16 crore. Changes in the board and auditor are routine governance matters with no direct material impact expected on the stock price.