Baid Finserv has scheduled its 35th Annual General Meeting for September 23, 2026. The meeting will address the adoption of FY26 financials, a final dividend declaration, and significant governance changes including a Memorandum of Association amendment.

The company reported total revenue of ₹9,726.58 lakh for the fiscal year ended March 31, 2026. Total expenditure stood at ₹7,911.48 lakh, resulting in a profit before tax of ₹2,007.30 lakh. After tax expenses of ₹509.81 lakh, the net profit after tax was ₹1,497.49 lakh.

What the Numbers Show

The relationship between revenue and expenditure indicates an operating margin of approximately 18.6% before tax, derived from the disclosed figures of ₹9,726.58 lakh revenue against ₹7,911.48 lakh expenditure. The effective tax rate for the period is roughly 25.4%, calculated from the ₹509.81 lakh tax expense against the ₹2,007.30 lakh pre-tax profit.

Governance and Dividend

Shareholders will vote on the following key resolutions:

• Final Dividend: Declaration of a final dividend of ₹0.10 per equity share (face value ₹2). The record date is set for September 16, 2026.
• CMD Reappointment: Reappointment of Mr. Panna Lal Baid as Chairman and Managing Director for three years, effective April 1, 2027, to March 31, 2030. His remuneration will not exceed ₹8,00,000 per month.
• Independent Director: Appointment of Mr. Himanshu Kumar Jain as an Independent Director for five years, from August 13, 2026, to August 12, 2031.
• Director Rotation: Reappointment of Mrs. Alpana Baid as Non-Executive Director, retiring by rotation.

Expansion of Lending Scope

The AGM will consider a special resolution to alter the Object Clause of the Memorandum of Association. The amendment aims to broaden the company’s main objects to include various financing and credit-related activities. This includes vehicle loans, mortgage loans, MSME loans, supply chain finance, and digital lending, subject to regulatory approvals.

Meeting Details

The AGM will be held via Video Conferencing/Other Audio Visual Means at 3:00 pm IST. Remote e-voting will be open from 9:00 am on September 19, 2026, to 5:00 pm on September 22, 2026. Members whose email addresses are not registered can access the Annual Report via the company website.

Baid Finserv reported a 20.16% increase in total income to ₹9,918.78 lakh for the financial year ended March 31, 2026, driven by sustained growth in its secured lending portfolio.

Profit after tax (PAT) rose 11.37% to ₹1,497.49 lakh compared to ₹1,344.55 lakh in FY25. The NBFC also expanded its Asset Under Management (AUM) by 20.35% to ₹47,688.73 lakh as on March 31, 2026.

Financial Performance

The company recorded revenue from operations of ₹9,726.58 lakh, up from ₹8,198.16 lakh in the previous year. Total expenditure increased to ₹7,911.48 lakh from ₹6,440.93 lakh, primarily due to higher finance costs and impairment provisions.

Asset Quality and Portfolio

Gross Non-Performing Assets (GNPA) improved slightly to 2.66% from 2.73% in FY25. Net NPAs stood at 0.39%, up from 0.29% in the prior year. Collection efficiency was recorded at 92.10%.

The loan book grew to ₹48,639.73 lakh (net), with significant expansion in Loan Against Property (LAP) and vehicle loans. The company also entered the gold loan segment during the year, with outstanding balances reaching ₹554.01 lakh.

Capital Raise and Dividend

Baid Finserv raised capital through a rights issue, allotting 3,00,17,075 equity shares at ₹10 per share. Additionally, 48,02,732 warrants were converted into equity shares during the year.

The Board recommended a final dividend of ₹0.10 per equity share (5% of face value), subject to shareholder approval at the 35th Annual General Meeting scheduled for September 23, 2026.

What the Numbers Show

While revenue grew robustly at over 20%, net profit growth lagged at 11.37%. This divergence is largely attributable to a sharp increase in impairment on financial instruments, which rose to ₹772.85 lakh from ₹157.07 lakh in FY25. Despite the higher provisioning, the company maintained healthy capital adequacy ratios, with CRAR at 47.53%.