Submission of Annual Report for the Financial Year 2024-25 including notice convening the 43rd Annual General Meeting of Bazel International Ltd. (''the Company'')
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Bazel International Ltd, a BSE-listed NBFC, has filed its Annual Report for FY 2024-25 along with the notice for its 43rd AGM scheduled on Monday, 29 September 2025 at 2:00 PM in New Delhi. Shareholders will consider adopting the audited standalone and consolidated financial statements for the year ended 31 March 2025, re-appoint Mr. Pankaj Dawar (Managing Director) who retires by rotation, and appoint new auditors and directors. Notably, the company is seeking shareholder approval to massively increase its authorised share capital from ₹11.5 crore to ₹75 crore (a roughly 6.5x jump) and to issue up to 10,69,189 equity shares at ₹66.95 per share on a preferential basis by converting outstanding unsecured loans of ₹7.16 crore from Chaser Financial Services and Panafic Industrials. The AGM also seeks approval to re-appoint Mr. Prithvi Raj Bhatt as Independent Director for another five years and appoint Mr. Chetan Kumar Joshi as a new Independent Director.
The big share capital hike combined with the loan-to-equity conversion will dilute existing shareholders' stake when the 10.69 lakh preferential shares are issued. Investors should track the AGM voting outcomes on 29 September, especially the capital expansion and preferential allotment resolutions, as these will reshape the company's equity structure and could put short-term pressure on the share price.