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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.

Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split

Data sourced from BSE India corporate announcements. More categories will be added over time.

Bazel International Ltd

Bazel International Ltd: 21.04 lakh shares allotted via warrant conversion

BOARD ▲ Positive Development MEDIUM RISK

📅 Filed on BSE: 30 Mar 2026, 03:22 PM IST · BSE ID: 3e881488-bdcc-41be-a6d0-ca78b764cd7e

View Original BSE Filing (PDF)

💡

In Simple Terms

The company issued 21 lakh new shares to investors who held convertible warrants, raising Rs. 6.65 crore, and appointed a new director.

🤖 AI Summary

Board allotted 21,04,802 equity shares at Rs. 42.12 per share via warrant conversion
Warrant holders (non-promoter) received shares after paying 75 percent of issue price
Company received Rs. 6,64,90,695.18 as aggregate consideration for warrant conversion
Paid-up capital increased from Rs. 7,71,04,440 to Rs. 9,81,52,460; authorized capital raised to Rs. 10,25,00,000
Mayank Ahuja (DIN: 10388943) appointed as additional non-executive, non-independent director

🔢 Key Numbers - exact figures from BSE filing, not rounded

Equity shares allotted (warrant conversion)

21,04,802 shares

Issue price per share

Rs. 42.12

Premium per share

Rs. 32.12

Aggregate consideration received

Rs. 6,64,90,695.18

Paid-up equity capital (post-allotment)

Rs. 9,81,52,460

Paid-up equity capital (pre-allotment)

Rs. 7,71,04,440

Authorized share capital (revised)

Rs. 10,25,00,000

Total equity shares post-allotment

98,15,246 shares

🏢 How This Affects the Company

📈

Business Impact

Warrant conversion completed, converting debt-like instruments into permanent equity. Capital structure now reflects exercise of conversion rights by non-promoter warrant holders.

💰

Financial Impact

Paid-up equity capital increased by Rs. 2,10,48,020 to Rs. 9,81,52,460. Company received Rs. 6,64,90,695.18 cash inflow from warrant conversion exercise.

⚠️

Risk Impact

Share dilution of 27.4% (21.04 lakh new shares vs. 77.10 lakh existing shares) to non-promoter warrant holders. Promoter stake proportionally diluted unless they also converted warrants.

👥 What This Means For Shareholders

✅

Action Required

Existing shareholders should review updated shareholding pattern post-allotment to assess stake dilution impact.

👤

Who Is Affected

All existing shareholders face proportional dilution. Non-promoter warrant holders received 21,04,802 new shares. Promoter shareholding percentage reduced unless they also converted warrants.

🔍

Management Signal

Board approved conversion exercise, indicating management accepted warrant conversion terms and prioritized capital infusion over maintaining promoter ownership percentage.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events

Shareholding pattern update in next quarterly filing — verify promoter vs. non-promoter post-dilution

Stock exchange disclosure of new authorized capital utilization plans and future fundraising intentions

Next annual general meeting agenda — watch for any additional capital authorization or dividend policy changes

MEDIUM RISK

💡 Investor Takeaway

Bazel International allotted 21,04,802 equity shares at Rs. 42.12 per share, raising Rs. 6,64,90,695.18 from warrant conversion by non-promoter holders. Paid-up capital increased to Rs. 9,81,52,460. Dilution of 27.4% to existing shareholders.

⚖️ Strengths & Concerns

✅ Positives

Warrant conversion completed at premium of Rs. 32.12 per share above face value of Rs. 10
Non-promoter warrant holders exercised conversion, demonstrating confidence in company's equity value

⚠️ Concerns

Significant equity dilution of 27.4% to existing shareholders from warrant conversion allotment
Authorized capital increased to Rs. 10,25,00,000 but only partially utilized, leaving room for further dilution

📑 More from Bazel International Ltd

Bazel International Ltd schedules Board Meeting for Q2 FY27 Unaudited Financial Results

BOARD · 05 Nov 2026

Bazel International: Q1 FY27 Standalone Net Profit Rs. 71.96 Lakh

RESULTS · 14 Aug 2026

Bazel International Board to Consider Q1 FY27 Unaudited Financial Results

RESULTS · 05 Aug 2026

Bazel International Ltd Board Approves Director Appointments

BOARD · 17 Jul 2026

Bazel International corrects warrant conversion shareholding data for Durgesh Merchants

BOARD · 02 Apr 2026

All BSE filings we have analysed for Bazel International Ltd.

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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.