Approved the Board's Report, Report on Corporate Governance, Management Discussion and Analysis Report, and Secretarial Audit Report for the year ended 31st March, 2026
Approved the Notice of 44th Annual General Meeting and authorized Managing Director and Company Secretary to issue the same to all shareholders
Fixed 30th September, 2026 at 11:00 AM as the date and time for convening the 44th Annual General Meeting at the Registered Office of the Company
Fixed book closure period from 24th September, 2026 to 30th September, 2026 for the Annual General Meeting
Cut-off date fixed as Wednesday, 23rd September, 2026 for determining eligibility of members to vote
Remote E-voting period shall commence on Sunday, 27th September, 2026 (09:00 AM) and end on Tuesday, 29th September, 2026 (05:00 PM)
Appointed CS Meenu Gupta, proprietor of M/s Meenu Gupta & Associates, Company Secretaries, Delhi as Scrutinizer for e-voting
Director Appointments and Regularization
Considered the re-appointment of Mrs. Sriparna Upadhyay (DIN: 10602638) whose office retires by rotation
Approved regularization of Mr. Kawal Singh (DIN: 09223449) as Non-Executive, Independent Director for 5 years, subject to shareholder approval
Appointed as Additional Director with effect from 28th May, 2026
Profile: Extensive experience in Accounting, Taxation, Corporate Compliance and Legal Advisory; worked with Amblem Consulting Private Limited, Quick Company, Mehra Choudhary & Co.; holds LL.B. and MBA (Finance)
Not related to any Director; not debarred from holding director office
Approved regularization of Mr. Mayank Ahuja (DIN: 10388943) as Non-Executive, Non-Independent Director, subject to shareholder approval
Appointed as Additional Director with effect from 30th March, 2026
Profile: 23 years old with experience working with international FMCG, consumer and SaaS-based companies; collaborated with executives at Edelman
Not related to any Director; not debarred from holding director office
Auditor Appointment
Based on Audit Committee recommendation, approved appointment of M/S. G. Anshul & Associates, Chartered Accountants (Firm Registration No. 036249N) as Statutory Auditors
Term: 5 consecutive years from conclusion of 44th AGM until conclusion of 49th AGM
Subject to shareholder approval at ensuing 44th Annual General Meeting
Brief profile: Reputed firm with vast experience in statutory audit, assurance, accounting, taxation, corporate laws; extensive experience in statutory audit, financial reporting, Companies Act 2013, SEBI regulations
No relationship with Director/management of the Company
Capital Structure and Share-based Benefits
Approved ratification and confirmation of increases in Authorised Equity Share Capital and approval for further increase within overall limit approved by Members, subject to shareholder approval
Approved adoption of 'Bazel Employee Stock Option Plan 2026 (Bazel ESOP 2026)' for eligible employees/directors through trust route, subject to shareholder approval
Scheme formulated in accordance with Section 62(1)(b) of Companies Act, 2013 and SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021
Total options: Not exceeding 25,00,000 options, each convertible into one equity share of face value ₹10
Eligibility: Permanent employees and Directors of Company and subsidiaries, excluding Promoters, Promoter Group, directors holding >10% shares, and Independent Directors
Vesting schedule: 30% in 1st year (7,50,000 shares), 30% in 2nd year (7,50,000 shares), 40% in 3rd year (10,00,000 shares)
Vesting subject to corporate and individual performance conditions (100% performance-based)
Exercise period: Two years from date of vesting
Lock-in period: 3 years from date of allotment of shares
Implementation through ESOP Trust with fresh/primary issue of shares
Accounting: Fair value method under Ind AS 102
Approved grant of stock options under BIL ESOP 2026 to eligible employees/directors of Subsidiary Company(ies) through trust route, subject to shareholder approval
Sweat Equity Approvals
Approved issue of Sweat Equity Shares to Mr. Mayank Ahuja (DIN: 10388943), Non-Executive Director, subject to shareholder approval under Section 54 of Companies Act, 2013 and SEBI Regulations
Approved issue of Sweat Equity Shares to Mr. Manish Kumar Gupta, Chief Financial Officer, subject to shareholder approval under Section 54 of Companies Act, 2013 and SEBI Regulations
