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Bazel International EGM Approves 1:1 Bonus Issue, Citing Board Confidence in Business Model and Capital Discipline
Bazel International Limited (BSE: BAZELINTER | 539946 | INE217E01014) has announced the successful conclusion of its Extraordinary General Meeting (EGM) held at the Company’s registered office. The members of the Company considered and approved all items of business set out in the Notice of the EGM with the requisite majority. At the EGM, shareholders approved the issuance of bonus equity shares...
Bazel International Limited (BSE: BAZELINTER | 539946 | INE217E01014) has announced the successful conclusion of its Extraordinary General Meeting (EGM) held at the Company’s registered office. The members of the Company considered and approved all items of business set out in the Notice of the EGM with the requisite majority.
At the EGM, shareholders approved the issuance of bonus equity shares in the ratio of 1:1, i.e., one fully paid-up equity share of INR 10 each for every one existing fully paid-up equity share held, subject to applicable statutory and regulatory approvals.
The Company will take all necessary steps to complete the allotment and listing of the bonus equity shares on the Bombay Stock Exchange, where the equity shares of the Company are presently listed, in compliance with the provisions of the SEBI Regulations, the Companies Act, 2013, and other applicable laws, rules, and regulations. The bonus equity shares shall be issued in dematerialised form and credited to the demat accounts of the eligible shareholders in accordance with applicable norms. The Record Date for determining the eligibility of shareholders entitled to receive the bonus equity shares will be announced by the Company in due course.
As on September 30, 2025, an amount of approximately INR 47.08 crore stood to the credit of the Company’s securities premium account and free reserves. Of this, up to INR 6.00 crore has been capitalised for the issuance of bonus shares, while continuing to retain sufficient reserves to support ongoing operations, future investments, and growth initiatives.
