Bazel International Ltd appointed Anita Sethia as an Additional Director in the category of Non-Executive Independent Director with effect from September 30, 2026. The appointment is subject to the approval of the company's shareholders.

The decision was taken at a Board of Directors meeting held on Wednesday, September 30, 2026. The meeting commenced at 4:30 pm and concluded at 4:45 pm. The appointment follows the recommendation of the Nomination & Remuneration Committee.

Profile of the new director

Sethia brings extensive experience in corporate law, regulatory compliance, governance, and capital markets. Her professional background includes active participation in board deliberations and support for management in key strategic decisions. She has served on various board committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee.

Her expertise extends to change management and internal controls, contributing to her analytical and leadership skills. Sethia has also been involved in board evaluation processes to assess the performance of the board and its members. She regularly engages with shareholders during Annual General Meetings to address queries and strengthen investor confidence.

Governance and relationship disclosures

The company confirmed that Sethia is not related to any directors of Bazel International. This appointment enhances the board's diversity in terms of professional expertise, particularly in regulatory and legal frameworks relevant to a registered Non-Banking Financial Company (NBFC).

Bazel International has deferred the issuance of sweat equity shares to two key executives. The company will not seek shareholder approval for these matters at its 44th Annual General Meeting (AGM) scheduled for September 30, 2026.

Book Closure and AGM Details

The register of members and share transfer books will remain closed from September 24, 2026 to September 30, 2026. This closure is in compliance with Section 91 of the Companies Act, 2013, to determine shareholders eligible for the meeting. The 44th AGM is scheduled for September 30, 2026 at 11:00 am at the company’s registered office in New Delhi.

The company notified the Bombay Stock Exchange on September 7, 2026 regarding the book closure and submitted its Annual Report for FY26 in compliance with Regulation 30 and Regulation 34 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

Deferred Sweat Equity Issues

The Board of Directors decided to defer the following matters originally considered during the Board meeting on September 5, 2026. Consequently, these items will not appear in the notice for the 44th AGM:

• Issuance of sweat equity shares to Mr. Mayank Ahuja, Non-Executive Director, under Section 54 of the Companies Act, 2013 read with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
• Issuance of sweat equity shares to Mr. Manish Kumar Gupta, Chief Financial Officer, under the same regulations.

Other Resolutions

The 44th AGM will proceed with other ordinary and special business items. Key resolutions include:

• Adoption of standalone and consolidated financial statements for FY26.
• Re-appointment of Mrs. Sriparna Upadhyay as a director retiring by rotation.
• Appointment of M/s G. Anshul & Associates as Statutory Auditors for five years.
• Appointment of Mr. Kawal Singh as Non-Executive Independent Director and Mr. Mayank Ahuja as Non-Executive Non-Independent Director.
• Ratification of increases in authorized equity share capital.
• Approval of the "BIL Employee Stock Option Plan 2026" through a trust route.

Financial Performance Context

For FY26, Bazel International reported a standalone profit after tax of ₹1,01,256.29 lakh, down from ₹1,44,545.87 lakh in FY25. Total income rose to ₹4,82,614.94 lakh from ₹4,07,245.02 lakh. The deferred sweat equity issues do not impact these reported financial figures but may influence future capital structure dynamics once approved.