Quarterly Updates4 Mar 2026, 12:52 pm
Baid Finserv Ltd. to Consider and Approve Allotment of Equity Shares Pursuant to Warrant Conversion
AI Summary
Baid Finserv Ltd. has informed BSE that the Board of Directors of the Company will meet on March 12, 2026, to consider and approve the allotment of 48,02,732 Equity Shares at a premium of Rs. 13.10 per share. This decision comes after the exercise and conversion of 48,02,732 convertible warrants against receipt of the balance subscription amount of Rs. 11.325 per warrant (i.e. 75% of the issue price).
Key Highlights
- Baid Finserv Ltd. to consider and approve the allotment of 48,02,732 Equity Shares.
- The allotment is pursuant to the exercise and conversion of 48,02,732 convertible warrants.
- The balance subscription amount of Rs. 11.325 per warrant is to be received.
- The decision is to be made in the Board of Directors' meeting on March 12, 2026.
- The meeting will take place at the registered office of the Company in Jaipur.