Proceedings of the 43rd annual general meeting of the members of the company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Bazel International Ltd, a registered NBFC, held its 43rd AGM on 29th September 2025 from 2:00 PM to 2:30 PM at its registered office in New Delhi, attended by 68 members in person with no proxies. Nine resolutions were transacted, including adoption of standalone and consolidated financial statements for FY ended 31st March 2025, re-appointment of Managing Director Pankaj Dawar (retiring by rotation), and appointment of Meenu G. & Associates as Secretarial Auditors. The meeting also approved the re-appointment of Prithvi Raj Bhatt as Independent Director for a second 5-year term and the appointment of Chetan Kumar Joshi as Independent Director for his first 5-year term. Key special business items included an increase in authorized share capital with amendment to the Memorandum of Association, and the issue of equity shares on a preferential basis to lenders through conversion of outstanding unsecured loans under Section 62(1)(C) and 62(3) of the Companies Act. Both the Statutory and Secretarial Auditors' reports had no qualifications or adverse remarks. Remote e-voting was held from 26th–28th September, with the scrutinizer's consolidated report to be filed within two working days.
The AGM results are largely procedural but include potentially dilutive events for shareholders: an authorized capital increase and a preferential equity issue converting outstanding unsecured loans into shares, which could dilute existing equity holders depending on conversion pricing. Clean audit reports and board continuity are positive signs, but investors should watch for the scrutinizer's voting results and the final terms of the loan-to-equity conversion.