Bazel International Ltd — Updates, 17-04-2025: Company Update

Bazel International Ltd. has announced a board meeting where it approved the request from Mr. Satya Bhushan to reclassify his 300 equity shares (0.01% of total equity) from the 'Promoter and Promoter Group' category to 'Public' category. This move is in line with Regulation 31A, subject to the Stock Exchange's approval. The board determined that shareholder approval is not necessary, as Mr. Bhushan does not hold more than 1% of the voting rights and has confirmed no participation in company management. This reclassification could enhance the company's public shareholder base, potentially boosting investor sentiment and broadening market appeal.