Outcome of the Board Meeting held on 28th May 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bazel International Ltd, a registered NBFC, held its board meeting on May 28, 2026, and approved standalone and consolidated audited financial results for FY ended March 2026. Standalone revenue grew 37.6% to Rs. 439.89 lakh, but PAT declined 29.9% to Rs. 101.26 lakh due to higher expenses and tax outgo. The auditors issued an Emphasis of Matter highlighting non-receipt of interest income from a company where advances were made, with no sub-standard asset classification despite the exposure. The company appointed Mr. Narender Singh as Internal Auditor for FY 2026-27 and approved partial conversion of an inter-company loan to Sagar Portfolio Services Limited into equity shares. Consolidated PAT stood at Rs. 42.42 lakh, down 26.7% from Rs. 57.91 lakh in FY25.
The sharp PAT decline despite revenue growth signals margin compression and higher operational costs. The auditor's emphasis on unrecovered interest income without proper asset classification raises asset quality concerns for this NBFC. Negative operating cash flow of Rs. 169.64 lakh adds further caution for investors.