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.

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.

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.

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.

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.