Bazel International Ltd., a registered non-banking financial company, has submitted its quarterly compliance certificate to BSE Limited in accordance with SEBI regulatory requirements. The submission relates to the quarter ended March 31, 2026, demonstrating the company's commitment to maintaining regulatory compliance.

Regulatory Compliance Submission

The company filed its certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 on April 7, 2026. This regulation mandates companies to submit quarterly certificates confirming proper handling of dematerialization processes for physical share certificates.

Certificate Confirmation Details

Skyline Financial Services Private Limited, serving as the registrar and share transfer agent, issued the confirmation certificate on April 3, 2026. The certificate validates two critical compliance aspects:

• Securities comprised in the certificates have been listed on the stock exchange where earlier issued securities are listed
• Physical certificates have been properly mutilated and cancelled after verification, with the depository name substituted in records as registered owner within the mandated 15-day period

Company Information

Bazel International Ltd. operates as a registered non-banking financial company with CIN L65923DL1982PLC290287. The company maintains its registered office at II-B/20, First Floor, Lajpat Nagar, New Delhi-110024.

Regulatory Framework

The SEBI (Depositories and Participants) Regulations, 2018 establish comprehensive guidelines for dematerialization processes. Regulation 74(5) specifically requires quarterly certification to ensure proper conversion of physical share certificates to electronic form, maintaining transparency and investor protection in the securities market.

Bazel International Limited has witnessed significant shareholding changes following warrant conversions that triggered multiple SEBI disclosure requirements. The company issued a corrigendum dated April 2, 2026, to correct shareholding details disclosed in its Board meeting outcome of March 30, 2026, while two major investors filed substantial acquisition disclosures.

SEBI SAST Disclosure Requirements

Two entities have filed mandatory disclosures under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, following substantial acquisitions in Bazel International Limited through preferential allotment pursuant to warrant conversion.

Major Shareholding Changes

Durgesh Merchants Limited Acquisition

Durgesh Merchants Limited significantly increased its stake through warrant conversion, with the company correcting a typographical error in the initial shareholding disclosure.

Garbi Finvest Limited Acquisition

Garbi Finvest Limited (formerly Golden Properties & Traders Limited) emerged as a new major shareholder through warrant conversion, acquiring a substantial stake from zero holdings.

Board Meeting Outcomes

The Board of Directors meeting held on March 30, 2026, approved several key decisions including the appointment of a new director and warrant conversions.

Director Appointment

The Board appointed Mr. Mayank Ahuja (DIN: 10388943) as Additional Director in the Non-Executive, Non-Independent category. The 23-year-old director brings extensive experience working with international FMCG, Consumer, and SaaS-based companies, including collaboration with executives at Edelman, the world's leading PR agency.

Warrant Conversion and Capital Structure

The company completed the allotment of 21,04,802 fully paid-up equity shares of face value ₹10.00 each to warrant holders from the non-promoter group. The conversion was executed at an issue price of ₹42.12 per share, including a premium of ₹32.12 per share.

Major Allottees Distribution

The warrant conversion involved multiple investors with significant allocations distributed among key entities and individual investors.

Authorized Capital Enhancement

The Board also approved a partial implementation of the authorized share capital increase, previously approved by shareholders at the Annual General Meeting held on September 29, 2025. The authorized equity share capital increased from ₹7,75,00,000.00 to ₹10,25,00,000.00 through the creation of 25,00,000 additional equity shares of ₹10.00 each.

All newly allotted equity shares rank pari passu with existing equity shares of the company. The Board meeting commenced at 12:00 PM and concluded at 3:00 PM on March 30, 2026.