Bazel International Ltd. has issued a corrigendum dated March 09, 2026, to rectify a typographical error in its earlier Board Meeting outcome announcement regarding bonus share allotment. The correction pertains to the face value of equity shares mentioned in the bonus issue paragraph.

Error Correction Details

The company identified an inadvertent typographical error in its February 20, 2026 announcement titled "Board Meeting Outcome for Allotment of Bonus Issue." The face value of equity shares was incorrectly stated as Re. 1/- and Re. 2/- in the bonus issue section. The company has now clarified that the correct face value of equity shares is Rs. 10/- (Rupees Ten only) each.

Bonus Share Allotment Details

According to the revised outcome, the Board of Directors approved the allotment of 38,55,222 (Thirty Eight Lacs Fifty Five Thousand Two Hundred Twenty Two) fully paid-up bonus equity shares. The allotment follows a 1:1 ratio, meaning one equity share of Rs. 10/- each for every one equity share of Rs. 10/- each held by shareholders.

Regulatory Approvals and Compliance

The bonus share allotment received necessary approvals from multiple stakeholders. Shareholders approved the proposal at the 01st EGM of Financial year 2025-26 held on January 30, 2026. Subsequently, BSE Limited granted in-principle approval through letter no. LOD/Bonus/BN-IP/SS/1633/2025-26 dated February 05, 2026.

The allotment complies with SEBI (ICDR) Regulations, 2018 and applicable rules. The bonus equity shares will rank pari-passu and carry the same rights as existing equity shares of the company in all respects. The corrigendum ensures accurate disclosure in compliance with applicable SEBI regulations under Regulation 30 of SEBI LODR.

Company Information

Bazel International Ltd. operates as a registered Non-Banking Financial Company with CIN: L65923DL1982PLC290287. The announcement was signed by Pankaj Dawar, Managing Director (DIN: 06479649), and submitted to BSE Limited for record maintenance. All other contents of the original Board Meeting outcome dated February 20, 2026 remain unchanged except for the face value correction.

Bazel International Limited has disclosed another significant acquisition under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. Following the earlier acquisition by Chaser Financial Services, Panafic Industrials Limited has now acquired a substantial stake in the company through preferential allotment of equity shares.

Latest Acquisition Details

Panafic Industrials Limited, which is not part of the promoter group, has acquired a significant stake through preferential allotment involving the conversion of loan into equity. This transaction represents another strategic debt-to-equity restructuring approach by Bazel International.

Shareholding Pattern Changes

Prior to this acquisition, Panafic Industrials held no shares in Bazel International Limited. The transaction has resulted in the acquirer obtaining a 19.78% stake in the company's total share capital, making it a substantial shareholder.

Combined Impact on Share Capital Structure

The acquisition by Panafic Industrials, combined with the earlier acquisition by Chaser Financial Services, has significantly expanded Bazel International's equity base. Both transactions were part of the same corporate restructuring exercise.

Dual Corporate Actions

Bazel International has executed two significant preferential allotments as part of its debt restructuring strategy. The company issued 3,06,797 equity shares to Chaser Financial Services Private Limited (7.96% stake) and 7,62,392 equity shares to Panafic Industrials Limited (19.78% stake). Following both allotments, the company's total paid-up share capital stands at ₹3,85,52,220, comprising 38,55,222 equity shares of ₹10 face value each.

Regulatory Compliance

The transaction has been disclosed in accordance with Regulation 29(1) of SEBI SAST Regulations, 2011, ensuring transparency in substantial acquisitions. Bazel International's shares are listed on BSE Limited, and both acquisitions cross the regulatory threshold requiring mandatory disclosure under SEBI guidelines. The disclosure was filed by Sarita Gupta, Managing Director of Panafic Industrials Limited, confirming the company's commitment to regulatory compliance.