Baid Finserv Ltd

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.

Baid Finserv Ltd announced that Mr. Anurag Patni, an Independent Director, will complete his second and final tenure on October 21, 2026. The company's Board of Directors took note of this cessation during a meeting held on August 13, 2026. Mr. Patni will cease to be an Independent Director at the close of business hours on the aforementioned date. The company has provided the necessary disclosures as per SEBI regulations and will make this information available on its website.

Baid Finserv Ltd announced the reconstitution of its Board Committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders’ Relationship Committee. This change is effective from October 22, 2026, following the completion of Mr. Anurag Patni's term as Independent Director and the appointment of Mr. Himanshu Kumar Jain as a new Independent Director. The Board meeting where this was approved was held on August 13, 2026. The reconstituted committees will have new compositions with specific individuals assigned as Chairman and Member.

Baid Finserv Ltd has announced that the Board of Directors has fixed Wednesday, September 16, 2026, as the Record Date for determining shareholder entitlement to the Final Dividend for the Financial Year 2025-26. The proposed dividend is Re. 0.10 (5%) per equity share of face value Rs. 2/-. This dividend is subject to member approval at the upcoming 35th Annual General Meeting (AGM). If approved, the dividend will be paid within the timelines prescribed by the Companies Act, 2013, to shareholders recorded as of the Record Date, after deduction of applicable taxes at source.

Baid Finserv Limited's Board of Directors has approved an alteration to the main objects clause (Clause III(A)) of its Memorandum of Association (MOA). This involves inserting a new sub-clause 7, which broadly expands the company's business activities to include a wide range of financing and lending operations, such as vehicle loans, mortgage loans, personal loans, microfinance, digital lending, and peer-to-peer lending, among others. The proposed amendment is subject to shareholder approval at the upcoming Annual General Meeting. The company has provided detailed information as per SEBI regulations.

Baid Finserv Ltd announced that its Board of Directors has recommended a final dividend of ₹0.10 (5%) per equity share for the Financial Year 2025-2026. The record date for determining entitlement to this dividend has been fixed as Wednesday, September 16, 2026. This recommendation is subject to the approval of the company's members at the upcoming 35th Annual General Meeting (AGM). If approved, the dividend will be paid within the timelines prescribed by the Companies Act, 2013, after deduction of applicable taxes at source.

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.

Baid Finserv Ltd announced the appointment of Mr. Himanshu Kumar Jain as an Additional Director (Non-Executive, Independent) following a Board of Directors meeting on August 13, 2026. The appointment is effective from August 13, 2026, for a term of five years, subject to shareholder approval. Mr. Jain brings over five years of professional experience with strong analytical and communication skills. He is not related to any existing director and is not debarred from holding a director's office.

Baid Finserv Ltd has announced that its 35th Annual General Meeting (AGM) will be held on Wednesday, September 23, 2026. The decision was approved by the Board of Directors during their meeting on August 13, 2026. The AGM will commence at 3:00 PM and will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with the Companies Act, 2013, and relevant circulars from regulatory bodies.

Baid Finserv Ltd, through its Registrar and Share Transfer Agent MCS Share Transfer Agent Limited, has reported its status regarding the re-lodgement of physical share transfer requests for July 2026. In accordance with a SEBI circular dated January 30, 2026, the company processed zero requests for re-lodgement of physical shares during the month. This includes zero requests received, processed, approved, and rejected. Consequently, no average processing time is applicable. The filing indicates no activity related to share transfers under the special window provided by SEBI for the reporting period.