Intimation regarding Non-Appointment of Company Secretary.
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Bazel International Ltd has informed BSE that it has not been able to appoint a qualified Company Secretary as required under Regulation 6 of SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company attributes this to the non-availability of an eligible candidate. The Managing Director, Pankaj Dawar, has signed the intimation and stated that the company is actively searching for a suitable candidate and will update the exchange once the appointment is made.
This is a compliance gap disclosure, as the absence of a Company Secretary may attract SEBI scrutiny and indicates weaker corporate governance standards, which could be a concern for investors. However, the company has assured that efforts are underway to fill the position.