Outcome of the Board meeting held on 30th March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bazel International Ltd's board approved three key items at its 30th March 2026 meeting. First, Mr. Mayank Ahuja (aged 23) was appointed as an Additional Non-Executive Non-Independent Director; he has experience in FMCG, consumer, and SaaS sectors and is not related to any existing directors. Second, the company allotted 21,04,802 equity shares of ₹10 face value to 10 non-promoter warrant holders upon conversion of warrants at ₹42.12 per share, raising about ₹6.65 crore in total. Third, the Authorised Share Capital was raised from ₹7.75 crore to ₹10.25 crore as part of a previously approved expansion. The paid-up equity capital has now increased from 77.10 lakh shares to 98.15 lakh shares, a roughly 27% expansion in share count.
The warrant conversion is mildly dilutive for existing shareholders (about 27% increase in share count) but the company has already received the full ₹6.65 crore, so there is no cash impact. The new director appointment and authorised capital increase signal the company's intent to raise more capital in the future, which could lead to further dilution down the line.