Bazel International Ltd — Important, 04-09-2025: Company Update

Bazel International's Board of Directors approved the 43rd Annual General Meeting notice and related logistical details, including e-voting. A Non-Executive Independent Director resigned. Concurrently, Mr. Chetan Kumar Joshi, a Qualified Chartered Accountant, was appointed as an Independent Director, subject to shareholder approval. Significantly, the Board approved increasing the Authorized Share Capital from ₹11.50 Cr to ₹75.00 Cr, also pending shareholder consent. They further approved converting outstanding unsecured loans up to ₹7.16 Cr from two entities into equity shares at ₹66.95 each through a preferential issue, subject to necessary approvals. These changes impact the company's capital and future shareholding.