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Bazel International Ltd has received In-Principle Approval from BSE for issuing bonus equity shares to its shareholders. The company plans to allot up to 38,55,222 bonus shares of Rs. 10 each in a 1:1 ratio, meaning one new share for every one share held. Bazel is a registered Non-Banking Financial Company (NBFC) based in New Delhi. The approval is conditional on the company meeting listing, statutory, and compliance requirements. The allotment will be made only in dematerialized form.
Shareholders will receive one additional share for every share they currently own, effectively doubling their share count (though the share price will typically adjust downward proportionally). This is a capital restructuring event and does not change the overall value of holdings, but it improves share liquidity.