Bazel International Ltd., a registered Non-Banking Financial Company, announced the appointment of Mr. Kawal Singh (DIN: 09223449) as an Additional Director designated as Non-Executive Independent Director, following a Board Meeting held on May 16, 2026. The appointment was made pursuant to the recommendation of the Nomination and Remuneration Committee and in accordance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The Board confirmed that Mr. Kawal Singh satisfies the criteria of independence prescribed under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the SEBI LODR Regulations. The necessary consent, declarations, and confirmations have been received from Mr. Kawal Singh, including confirmation that he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. The key details of the appointment are outlined below:

Profile of Mr. Kawal Singh

Mr. Kawal Singh brings diversified experience across the fields of accounting, taxation, corporate compliance, and legal advisory. He has worked with various professional firms and organisations, including Amblem Consulting Private Limited, Quick Company, Mehra Choudhary & Co., Ram Vijay & Co., G S Goyal & Associates, and B. Kaushik & Associates in different capacities.

His areas of expertise include:

• GST compliances and Income Tax matters
• ROC filings, company incorporation, and corporate secretarial matters under the Companies Act, 2013
• Licensing and regulatory registrations including FSSAI, IEC, MSME, OSP, and ISP registrations
• Liaising with various regulatory authorities
• Annual compliances, appointment and removal of directors, and alteration of charter documents
• Increase in share capital and drafting related to Initial Public Offers (IPO)

Mr. Kawal Singh holds an LL.B. degree and an MBA (Finance) from reputed universities, which further strengthens his professional and legal acumen.

Compliance Confirmations Taken on Record

At the same Board Meeting, which commenced at 11:30 A.M. and concluded at 12:50 P.M., the Board also took note of several disclosures and compliance confirmations, including:

• Disclosures of interest received from Directors in Form MBP-1 pursuant to Section 184(1) of the Companies Act, 2013
• Declarations received from Directors under Section 164(2) of the Companies Act, 2013 confirming they are not disqualified from acting as Directors
• Declarations of independence received from Independent Directors pursuant to Section 149(7) of the Companies Act, 2013 and Regulation 25(8) of the SEBI (LODR) Regulations, 2015
• Annual affirmations received from Directors and Senior Managerial Personnel pursuant to Regulation 26(3) of the SEBI (LODR) Regulations, 2015
• Familiarisation programme proposed for Independent Directors pursuant to Regulation 25(7) of the SEBI (LODR) Regulations, 2015
• Confirmation regarding continued compliance with the Fair Practices Code and applicable KYC/AML/PMLA norms as prescribed by the Reserve Bank of India
• Confirmation that the Company shall not accept or renew any public deposits without obtaining prior approval from the Reserve Bank of India and complying with applicable laws

The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Bazel International Ltd has filed its regulatory disclosure under SEBI takeover regulations for the financial year ended March 31, 2026. The non-banking financial company submitted the mandatory documentation to BSE Limited on April 7, 2026, ensuring compliance with securities market regulations.

Regulatory Compliance Filing

The disclosure was submitted under Regulation 31(4) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Himanshi signed and filed the documents on behalf of the company.

Promoter Declaration

Rajendra Prasad Yadav, promoter of Bazel International Ltd, provided a formal declaration regarding share encumbrance activities during the financial year. The promoter confirmed compliance with regulatory requirements through a signed statement dated April 7, 2026.

Company Information

Bazel International Ltd operates as a registered non-banking financial company with its registered office located in Lajpat Nagar, New Delhi. The company maintains its regulatory compliance through systematic filing of required disclosures with stock exchanges.

The disclosure confirms that the promoter, along with persons acting in concert, made no encumbrance of shares during the financial year ended March 31, 2026. This declaration covers both direct and indirect share transactions, providing transparency to market participants and regulatory authorities.