Baid Finserv Limited reported a 20.35% increase in Assets Under Management (AUM) to ₹476.89 crore for the fiscal year ended March 31, 2026. The NBFC’s profitability improved, with Profit After Tax (PAT) reaching ₹14.97 crore and total income standing at ₹99.19 crore.

The company disclosed these figures during its 35th Annual General Meeting (AGM) held via video conferencing on September 23, 2026. Asset quality remained stable, with Gross Non-Performing Assets (NPA) at 2.66% and Net NPA at 0.39%, reflecting prudent underwriting practices.

Financial performance highlights

The Board recommended a final dividend of ₹0.10 per equity share, representing a 5% payout on the face value of ₹2 each. Key financial metrics for FY26 include:

Strategic initiatives and capital actions

During the reporting period, the company completed a rights issue aggregating to ₹30.02 crore, providing an opportunity for eligible shareholders to participate. Additionally, the company allotted 24,01,366 equity shares on March 12, 2026, following the exercise of convertible warrants.

Credit rating agency CARE Ratings re-affirmed the company’s credit rating at CARE BBB, while revising the outlook from Stable to Positive. This revision signals improved financial stability and operational resilience.

Governance updates

Shareholders approved several resolutions during the AGM, including the re-appointment of Panna Lal Baid as Chairman and Managing Director for a three-year term effective April 1, 2027. The meeting also approved the appointment of Himanshu Kumar Jain as a Non-Executive Independent Director for a five-year term starting August 13, 2026.

A special resolution was passed to alter the Object Clause of the Memorandum of Association, aiming to widen the scope of the company’s lending and financing activities. Statutory and Secretarial Auditors provided observations in their respective reports, which were duly explained in the Board’s report, with no material qualifications affecting the functioning of the company.

Baid Finserv promoter group converted 72,04,099 warrants into equity shares on August 26, 2026, raising their holding to 49.73%. This conversion cleared all outstanding warrants issued in April 2025.

The board approved the allotment following the receipt of the balance subscription amount of ₹11.325 per warrant. This payment represented 75% of the total issue price of ₹15.10 per share, with the initial 25% paid upfront at issuance. The shares were allotted at a premium of ₹13.10 against a face value of ₹2.

Capital Structure Changes

The company's issued, subscribed, and paid-up capital increased from ₹30,97,76,214 to ₹32,41,84,412. The total share count rose from 15,48,88,107 to 16,20,92,206 shares.

Promoter Stake Increase

The promoter group’s stake increased both in absolute numbers and percentage terms. Before the acquisition, the group held 7,33,99,736 shares (47.39%). Post-conversion, this rose to 8,06,03,835 shares (49.73%).

The acquisition was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Key entities within the promoter group that exercised their options include Aditya Baid, Alpana Baid, Asmita Baid, and Dalima Baid.

What the Numbers Show

The conversion of warrants resulted in a dilution-free increase in promoter holding relative to the total expanded capital base. While the total share count increased by approximately 4.6%, the promoter group absorbed a significant portion of this new issuance, raising their control stake by over 2 percentage points. With all 1,20,06,831 warrants fully converted, no convertible securities remain outstanding for the promoter group.