Management Change13 Aug 2026, 05:41 pm
Baid Finserv Re-appoints Panna Lal Baid as CMD for 3 Years
AI Summary
Baid Finserv Ltd announced the re-appointment of Mr. Panna Lal Baid as Chairman and Managing Director for a further term of three years, commencing April 1, 2027, until March 31, 2030. This decision was approved by the Board of Directors during their meeting on August 13, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Baid, the founder, brings over 56 years of experience in the financial services sector and has been instrumental in the company's growth. The filing also disclosed his relationships with other directors, including grandsons and daughter-in-law.
Key Highlights
- Mr. Panna Lal Baid re-appointed as Chairman and MD.
- New term valid from April 1, 2027, to March 31, 2030.
- Re-appointment requires shareholder approval at AGM.
- Founder brings over 56 years of financial services experience.
- No SEBI debarment from holding director office.
Price Impact
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