Bazel International Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve To consider, approve and ....
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Bazel International Ltd has informed BSE that its Board of Directors will meet on 28th May 2025 at 6:00 PM. The main agenda items are to consider and approve the standalone and consolidated audited financial results along with the audit report for the quarter and year ended 31st March 2025. The board will also discuss increasing the authorized share capital of the company. Additionally, it will consider raising funds by issuing equity shares on a preferential basis, partly through conversion of outstanding loans and partly through issuance of warrants. The trading window for insiders is closed until 48 hours after the audited results are declared.
Investors should watch for the FY25 audited results announcement on 28th May, which will reveal the company's full-year performance. The proposed preferential equity issuance and conversion of outstanding loans into equity could dilute existing shareholders' holdings and indicates the company may be looking to clean up its balance sheet.