Baid Finserv to Allot 72 Lakh Equity Shares Post Warrant Conversion

Baid Finserv Ltd has announced that its Board of Directors will convene on August 26, 2026, to consider and approve the allotment of 72,04,099 equity shares. These shares will be issued at a face value of Rs. 2 each, with a premium of Rs. 13.10 per share. The allotment is pursuant to the exercise and conversion of an equal number of convertible warrants, following the receipt of the balance subscription amount of Rs. 11.325 per warrant, representing 75% of the issue price. The meeting will also address other inter-alia matters.