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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.
The board of Bazel International (an NBFC) approved multiple items, including the 43rd AGM to be held on 1st August 2025 at 2:00 PM at its New Delhi office, with a book closure window from 26th July to 1st August 2025. The board approved the issuance of equity shares worth up to ₹7,02,08,696 (about ₹7.02 crore) on a preferential basis to two investors – Chaser Financial Services Pvt Ltd and Panafic Industrials Ltd – through conversion of outstanding loans, with the issue price to be determined by a registered valuer. The board also approved an increase in the authorized share capital (subject to shareholder approval) and the draft Director's Report for FY 2024-25. Additionally, three directors were re-appointed: Ms. Pooja Bhardwaj and Mr. Prithvi Raj Bhatt as Independent Directors for 5-year terms, and Mr. Pankaj Dawar as Managing Director (liable to retire by rotation). M/s Meenu G. & Associates was recommended as Secretarial Auditor for 5 years (FY 2025-26 to FY 2029-30), and Mr. Hemang Shah was appointed as the Registered Valuer.
The preferential allotment of ~₹7.02 crore to two specific investors via loan conversion will dilute existing shareholders' stakes and is a material event warranting close attention. The proposed increase in authorized share capital signals room for further dilution, while the AGMs schedule and book-closure window are standard governance items requiring no immediate action from investors other than being mindful of the 26th July–1st August 2025 blackout period.