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's board, at its meeting on 9 December 2025, approved two key items. First, it increased the Authorised Equity Share Capital from Rs. 3.5 crore to Rs. 4 crore by creating 5 lakh additional equity shares of Rs. 10 each, within the overall Rs. 75 crore authorised capital limit approved by shareholders earlier. Second, the board approved a preferential allotment of 10,69,189 fully paid-up equity shares at Rs. 66.95 per share (including a premium of Rs. 56.95), issued upon conversion of an unsecured loan of Rs. 7.16 crore. The allottees are Panafic Industrials Limited (3,06,797 shares for a Rs. 2.05 crore loan) and Chaser Financial Services Private Limited (7,62,392 shares for a Rs. 5.10 crore loan). The allotment was made under Sections 42, 62(1)(c), and 62(3) of the Companies Act, 2013, with shareholder approval from the 29 September 2025 AGM and in-principle BSE approval dated 24 November 2025.
Existing shareholders will see dilution as over 10.6 lakh new shares are issued, though the allotment is via loan conversion rather than fresh fundraising, so no cash inflow. The move reduces the company's unsecured loan liability while strengthening its equity base, but the new shares will rank pari-passu with existing equity and may exert mild short-term pressure on the stock price once listed.