To consider & approve the allotment of 10,69,189 at face value of Rs. 10/- each on preferenatil basis. Kindly take the same on record. Note: We are uanble to upload this intimation ....
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Bazel International Ltd (BSE: 539946), a registered NBFC, has called a board meeting on 9th December 2025 to consider and approve the allotment of 10,69,189 equity shares of Rs. 10 each on a preferential basis. This allotment is being done upon conversion of an existing loan into equity shares, in line with SEBI (ICDR) Regulations Chapter V. BSE had already granted in-principle approval for this on 24th November 2025. The total value of shares being allotted is approximately Rs. 1.07 crore. No fresh cash infusion is expected since this is a debt-to-equity conversion.
Existing shareholders may see dilution of their stake as new equity is issued to lenders. Since the shares are issued at face value, the converting lenders are taking on equity at par — typically a sign of lender confidence or a negotiated debt restructuring. Short-term stock impact is usually neutral as no fresh capital enters the company.