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Awaiting price reaction for this filing.
Bazel International Ltd has called an Extraordinary General Meeting on January 30, 2026, at 12:30 PM at its registered office in Lajpat Nagar, New Delhi, to seek shareholder approval for issuing bonus shares in a 1:1 ratio (one bonus share for every one existing share held). The bonus will be funded by capitalising up to Rs 47,07,57,730 (about Rs 47.08 crore) from the company's securities premium account and/or free reserves, which had a balance of Rs 47.08 crore as on September 30, 2025. The Board recommended the bonus at its meeting on December 26, 2025. Bonus shares will be allotted in dematerialised form only, and a record date will be set separately by the Board. Voting will be conducted electronically through NSDL, with the e-voting window open from January 27 to January 29, 2026.
If approved, every shareholder will receive one additional share for each share they own, doubling the share count without changing their proportional ownership or the company's underlying value. The move signals management's confidence in the company's financial health, supported by its successful resolution plan for Arur Footwear Limited (approved by NCLT in July 2024) and strategic investments such as in Satyam Projects Limited. The stock may see short-term price adjustment on the ex-bonus date, but long-term impact depends on the company's ability to grow earnings to support the expanded share base.