Panafic Industrials Acquires 19.78% Stake in Bazel International Through Loan Conversion

Panafic Industrials Limited, a non-promoter/promoter group, has acquired equity shares of Bazel International Ltd. through preferential allotment. The acquisition was done in pursuant to the conversion of a loan into equity. The total number of shares acquired is 7,62,392, which amounts to 19.78% of the total share and voting capital of Bazel International Ltd. This acquisition has increased Panafic Industrial's total voting rights from 19.78% to 58.36%. The acquisition was made through a preferential allotment on February 26, 2026. The total equity share capital of Bazel International Ltd. before the acquisition was Rs 2,78,60,330, which has now increased to Rs 3,85,52,220 after the acquisition.