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.

Bazel International Ltd. has delivered impressive financial performance for the quarter and nine months ended December 31, 2025, demonstrating strong growth across key financial metrics. The registered non-banking financial company announced its unaudited results following a Board meeting held on February 13, 2026.

Strong Quarterly Performance

The company's standalone financial results for Q3FY26 showed remarkable improvement in profitability. Net profit surged to ₹52.19 lakhs compared to ₹21.76 lakhs in the corresponding quarter of the previous year, marking a substantial 139.89% year-on-year growth.

Nine-Month Financial Highlights

For the nine-month period ended December 31, 2025, Bazel International maintained its growth trajectory with net profit reaching ₹149.59 lakhs, representing a 24.81% increase from ₹119.87 lakhs in the corresponding period of FY25.

Revenue Composition and Operational Efficiency

The company's revenue growth was primarily driven by interest income, which constituted the major portion of operational revenue. Interest income for Q3FY26 stood at ₹114.05 lakhs compared to ₹76.27 lakhs in Q3FY25. The nine-month interest income reached ₹329.99 lakhs, up from ₹233.85 lakhs in the previous year.

Operational efficiency improved significantly with total expenses for Q3FY26 declining to ₹43.52 lakhs from ₹51.01 lakhs in Q3FY25. Employee benefits expense increased to ₹13.33 lakhs from ₹10.23 lakhs, while finance costs decreased substantially to ₹7.92 lakhs from ₹23.59 lakhs year-on-year.

Corporate Actions and Capital Structure

The Board approved several significant corporate developments during the meeting:

• Preferential Allotment: Received listing approval from BSE for 10,69,189 equity shares of face value ₹10 each at a premium of ₹56.95 per share • ESOP Implementation: Obtained listing and trading approval for 2,18,250 equity shares issued under the Employee Stock Option Plan • Bonus Issue Approval: Secured in-principle approval for bonus issue of up to 38,55,222 equity shares in 1:1 ratio

The paid-up equity share capital increased to ₹385.52 lakhs as of December 31, 2025, compared to ₹195.05 lakhs in the corresponding period of the previous year.

Consolidated Performance

On a consolidated basis, the company reported net profit of ₹21.46 lakhs for Q3FY26 compared to ₹11.82 lakhs in Q3FY25. Nine-month consolidated net profit reached ₹77.80 lakhs, though this was lower than ₹109.93 lakhs in the corresponding period of FY25. The consolidated results include the performance of subsidiary Arur Footwear Limited, in which the company holds a 50.10% stake.

Regulatory Compliance and Outlook

The financial results were prepared in accordance with Indian Accounting Standards and reviewed by statutory auditors Krishan Rakesh & Co. The Board also took note of quarterly compliance requirements under SEBI regulations and received the necessary compliance certificates from management. The company continues to operate as a registered non-banking financial company with its primary focus on interest-based revenue generation.