Bazel International Limited Receives BSE Listing Approval for Preferential Issue of 10,69,189 Equity Shares

Bazel international has received listing approval from BSE Limited for its preferential issue of equity shares pursuant to loan conversion. The non-banking financial company announced this development through a regulatory filing dated February 5, 2026, marking a significant step in its capital restructuring process. BSE Listing Approval Details BSE Limited granted listing approval through letter No. LOD/PREF/SS/FIP/1577/2025-26 dated January 27, 2026. The approval covers the proposed issue of securities under Regulation 28(1) of SEBI LODR Regulations for preferential allotment pursuant to conversion of loan. Parameter Details Total Shares 10,69,189 equity shares Face Value Rs. 10.00 per share Issue Premium Rs. 56.95 per share Distinctive Numbers 2786034 to 3855222 Total Loan Amount Rs. 7,15,82,171 Allottee Details and Loan Conversion The preferential issue involves conversion of loans from two corporate entities, both classified under the public-corporate category. The allotment structure demonstrates the company's approach to converting existing debt obligations into equity participation. Allottee Loan Amount (Rs.) Shares Allocated Chaser Financial Services Private Limited 2,05,40,025 3,06,797 Panafic Industrials Limited 5,10,42,146 7,62,392 Total 7,15,82,171 10,69,189 Regulatory Compliance Requirements BSE has outlined specific compliance requirements that the company must fulfill before trading approval. The exchange emphasized adherence to SEBI ICDR Regulations and various procedural requirements for the preferential issue process. Key compliance requirements include: Filing shareholding pattern in XBRL mode if change exceeds 2% of total paid-up share capital Obtaining confirmation letters from NSDL/CDSL regarding crediting shares to beneficiary accounts Securing listing approval from NSE if applicable Ensuring lock-in compliance for pre-preferential holdings Trading Approval Timeline According to SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, Bazel International must apply for trading approval within seven working days from the listing approval date. The company must submit all required documents together, including depository confirmations and any applicable NSE approvals. Previous In-Principle Approval BSE had earlier granted in-principle approval for this preferential issue on November 24, 2025, under letter No. LOD/PREF/MV/FIP/1231/2025-26. The approval specified that shares would be issued at a price not less than Rs. 66.95 to non-promoters against loan conversion aggregating Rs. 7,15,82,171. The exchange had advised the company to strengthen internal controls to monitor trades by proposed allottees and obtain undertakings confirming compliance with intra-day trading restrictions until allotment completion. Bazel International Ltd's Extraordinary General Meeting held on January 30, 2026, concluded with overwhelming shareholder support for the bonus share issuance, according to the official scrutinizer's report released on January 31, 2026. The comprehensive voting results demonstrate strong investor confidence in the company's corporate action. Meeting Overview and Governance The EGM was conducted at the company's registered office at II-B/20, First Floor, Lajpat Nagar, New Delhi-110024, with Managing Director Pankaj Dawar chairing the proceedings. ACS Meenu Gupta of Meenu G. & Associates Company Secretaries served as the appointed scrutinizer, overseeing both remote e-voting and physical voting processes. Meeting Parameter: Details Date: January 30, 2026 Time: 12:30 PM (IST) Venue: Registered Office, New Delhi Chairman: Mr. Pankaj Dawar Scrutinizer: ACS Meenu Gupta Total Shareholders on Record: 1,112 Voting Process and Participation The company implemented a dual voting mechanism to ensure maximum shareholder participation. Remote e-voting was available from 9:00 AM on January 27, 2026, to 5:00 PM on January 29, 2026, through NSDL's platform. Physical voting through ballot papers was conducted during the EGM for members who had not participated in remote voting. Out of 1,112 total shareholders on the record date of January 23, 2026, 40 members attended the meeting in person. The voting process was meticulously managed with 33 members voting through e-voting, 12 members voting through physical ballot, while 17 votes were declared invalid. Resolution Results and Shareholder Response The ordinary resolution for bonus share issuance received exceptional support from shareholders, demonstrating strong confidence in the company's growth strategy. Voting Category: Shares Held Votes Polled Votes in Favor Votes Against Approval Rate Promoter & Promoter Group: 3,000 0 0 0 0% Public Non-Institutional: 25,64,783 191 187 4 97.91% Grand Total: 25,67,783 191 187 4 97.91% The resolution achieved 97.91% approval rate among voting shareholders, with 187 votes in favor and only 4 votes against. The voting percentage on outstanding shares was 0.007%, reflecting the concentrated shareholding pattern typical of smaller listed companies. Regulatory Compliance and Documentation The scrutinizer's report, prepared in accordance with Section 109 of the Companies Act, 2013, and Rule 21(2) of the Companies (Management and Administration) Rules, 2014, confirms full regulatory compliance. The report was digitally signed on January 31, 2026, and countersigned by Managing Director Pankaj Dawar. Key compliance aspects included: Proper appointment of NSDL as the e-voting agency Adherence to SEBI (LODR) Regulations, 2015 Transparent voting process with independent scrutiny Timely submission of voting results Company Profile and Next Steps Bazel International Ltd (CIN: L65923DL1982PLC290287) operates as a registered non-banking financial company with shares listed on BSE Limited under scrip code 539946. The successful approval of the bonus share resolution marks a significant milestone in the company's corporate development strategy. The voting results and scrutinizer's report will be made available on BSE Limited's website, the company's official website at https://www.bazelinternationalltd.com/ , and NSDL's e-voting platform as per regulatory requirements. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. We believe that Stock Markets provide an unique opportunity for all Indians to participate in the growth story of India. We are enabling the same for Indians. As financial services are becoming more accessible, there is now a large set of Indians today who are financially aware and literate. They value time and seek high quality products & services. 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