The outcome of the board meeting is attached herewith.
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Bazel International Ltd's board approved multiple items including the Director's Report for FY 2024-25 and fixed the 43rd AGM for 1st August 2025 at 2:00 PM at its New Delhi registered office. The board approved the re-appointment of two Independent Directors (Pooja Bhardwaj and Prithvi Raj Bhatt) for a second 5-year term, and the re-appointment of Pankaj Dawar as Managing Director (liable to retire by rotation). It also approved a preferential allotment of equity shares worth up to ₹7.02 crore to Chaser Financial Services and Panafic Industrials upon conversion of an outstanding loan of the same amount. Additionally, the board recommended a new secretarial auditor (Meenu G. & Associates) for 5 years, proposed an increase in authorized share capital, and set the e-voting window from 29th–31st July 2025 with 25th July as the record date.
Shareholders should note the proposed preferential allotment may lead to equity dilution for existing holders, subject to their approval at the AGM. The loan-to-equity conversion signals the company is restructuring debt into equity, which could strengthen the balance sheet but expand the shareholder base.