Company is intimating the stock exchange under regulation 30 for the 43rd Annual general meeting to be held on 29th September 2025 at 02:00 pm at the registered office of the company.
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Bazel International Ltd, a BSE-listed NBFC, has scheduled its 43rd Annual General Meeting on Monday, 29 September 2025 at 02:00 PM at its registered office in Lajpat Nagar, New Delhi. The AGM agenda includes adoption of standalone and consolidated financial statements for FY 2024-25 and reappointment of Managing Director Pankaj Dawar, who retires by rotation. Several special business items are on the table: appointment of M/s Meenu G. & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), reappointment of Independent Director Prithvi Raj Bhatt for a second term of five years, and appointment of Chetan Kumar Joshi as a new Independent Director for a five-year term. A major item is the proposed increase in authorized share capital from Rs 11.5 crore to Rs 75 crore (equity portion rising from Rs 3.5 crore to Rs 67 crore). The company is also seeking shareholder approval to convert outstanding unsecured loans of Rs 7.16 crore from Chaser Financial Services (Rs 2.05 crore) and Panafic Industrials (Rs 5.10 crore) into about 10.69 lakh equity shares at Rs 66.95 per share via a preferential allotment.
Existing shareholders should note a potential equity dilution of roughly 10.69 lakh new shares from the loan-to-equity conversion, alongside a substantial increase in authorized capital that signals room for further fundraising in the future. Board continuity is preserved through reappointments, while the addition of a new independent director strengthens governance. Shareholders holding shares as of the 22 September 2025 cut-off date can vote remotely via NSDL e-voting from 26 to 28 September 2025.