Audited Financial Results

Bazel International reported standalone revenue from operations of Rs 439.89 lakh for FY26, up from Rs 319.68 lakh in FY25 (~37.6% growth). However, net profit after tax declined to Rs 101.26 lakh from Rs 144.55 lakh — a ~30% drop — as other expenses surged to Rs 185.30 lakh (vs Rs 125.93 lakh). Q4 standalone PAT was deeply negative at Rs -48.34 lakh. Consolidated PAT fell to Rs 42.42 lakh from Rs 57.91 lakh. The company also appointed a new internal auditor. An auditor's Emphasis of Matter was raised due to non-receipt of interest income from a company where advances were made; the company has not classified the exposure as a sub-standard asset nor made the required 10% provision, relying on management's representation that the amount will be recovered via equity share conversion. Borrowings were reduced significantly (standalone: Rs 1,090.96 lakh vs Rs 1,921.40 lakh), while equity share capital nearly tripled to Rs 990.11 lakh following a rights/capital raise.