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Bazel International Ltd, a Delhi-based NBFC, has called an Extraordinary General Meeting on January 30, 2026, 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 capitalizing up to Rs 47.08 Crores from the company's securities premium and/or free reserves, as stated in the resolution. The Board recommended the issue at its meeting on December 26, 2025, citing the company's accumulated reserves of Rs 47.08 Cr as of September 30, 2025. The EOGM notice was dispatched via email on January 6, 2026, with remote e-voting open from January 27 to January 29, 2026 (cut-off date January 23, 2026). Context: the company recently acquired distressed asset Arur Footwear Limited via an NCLT-approved resolution plan (July 2024) and holds a strategic investment in Satyam Projects Limited. Note: the explanatory statement mentions only Rs 6 Crores being capitalized, which contradicts the Rs 47.08 Cr figure in the resolution.
If approved, existing shareholders will receive one additional share for each share held, doubling the share count. This is generally viewed positively by retail investors as it improves liquidity and signals management's confidence in future growth, though it does not change the company's underlying value. The record date will be announced separately, and bonus shares will be allotted only in dematerialized form.