Company Overview
Bazel International Limited, a Non-Deposit Accepting NBFC registered with RBI, reported its financial results for FY 2025-26 and announced details for its 44th Annual General Meeting. The company operates in financial services with one subsidiary, Arur Footwear Limited (50.10% ownership).
Financial Performance
Consolidated Results:
- Total Income: ₹492.58 crore (₹408.09 crore in FY25)
- Profit After Tax: ₹71.78 crore (₹101.14 crore in FY25)
- Earnings Per Share: ₹2.02 (₹4.91 in FY25)
Balance Sheet Strength:
- Loan Book: ₹583.21 crore (₹477.10 crore in FY25)
- Investments: ₹82.08 crore (₹48.41 crore in FY25)
- Cash & Equivalents: ₹112.85 crore (₹54.08 crore in FY25)
- Capital Adequacy Ratio (CRAR): 82.40% (67.75% in FY25)
Capital Structure:
- Issued 70.29 lakh new equity shares during the year
- Paid-up Capital: ₹98.15 crore in equity shares + ₹71.08 crore in preference shares
- Authorized Share Capital: ₹182.5 crore
44th Annual General Meeting
Date & Location: September 30, 2026, at registered office in New Delhi
Key Agenda Items:
- Adoption of Audited Standalone and Consolidated Financial Statements
- Re-appointment of Ms. Sriparna Upadhyay as Director
- Appointment of M/s G. Anshul & Associates as Statutory Auditors for 5 years
- Appointment of Mr. Kawal Singh as Independent Director
- Approval for increasing Authorized Share Capital to ₹75 crore
- Implementation of "BIL Employee Stock Option Plan 2026" through trust route
Deferred Items: The Board removed two sweat equity issuances (to Director Mayank Ahuja and CFO Manish Gupta) from the AGM agenda for further consideration.
Corporate Governance & Compliance
- Board comprises 5 Directors with 2 Independent Directors
- 12 Board meetings held during FY 2025-26
- Auditor issued unqualified opinion on internal financial controls, confirming effectiveness
- All mandatory committees constituted and SEBI LODR requirements complied with
- Company holds RBI registration as Non-Deposit Accepting NBFC (COR No. B-14.03332)
ESOP Plan Details
The proposed BIL Employee Stock Option Plan 2026 includes:
- Grant of up to 25,00,000 employee stock options
- Implementation through BIL Employee Stock Option Trust
- Maximum loan of ₹6,00,00,000 to the trust
- Vesting schedule: 30% in 1st year, 30% in 2nd year, 40% in 3rd year
Subsidiary Performance
- Arur Footwear Limited reported net loss of ₹58.83 lakh for FY 2025-26
- Subsidiary acquired through Corporate Insolvency Resolution Process with NCLT approval
Regulatory & Compliance Status
- All applicable SEBI, RBI, and Companies Act, 2013 compliance requirements met
- No material orders passed by regulators or courts impacting going concern status
- Book closure for AGM: September 24-30, 2026
- Remote e-voting period: September 27-29, 2026