Baid Finserv Limited has successfully completed the allotment of 48,02,732 equity shares through the conversion of convertible warrants, following Board of Directors approval in a meeting held on March 12, 2026. The board meeting was conducted at the company's registered office in Jaipur from 12:00 P.M. to 12:30 P.M.

Board Meeting Outcome and Warrant Conversion

The Board of Directors considered and approved the allotment of equity shares pursuant to the exercise and conversion of convertible warrants by promoter group entities. The warrant holders opted to convert their holdings after receiving the warrants through preferential allotment on April 09, 2025.

Allottee Details and Payment Structure

The warrant conversion involved two promoter group entities, with each receiving equal allocation. The allottees had originally paid Rs. 3.775 per warrant as initial 25% consideration and now paid the remaining 75% at Rs. 11.325 per warrant.

Impact on Share Capital Structure

The warrant conversion has resulted in a significant expansion of the company's equity base, with the paid-up capital increasing substantially.

Promoter Shareholding Enhancement

The allotment has strengthened the promoter group's stake in the company, with their shareholding percentage increasing from 45.71% to 47.39%.

Regulatory Compliance and Disclosure

The allotment was conducted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has duly informed BSE Limited and National Stock Exchange of India Limited about the completion of this corporate action.

The newly allotted equity shares rank pari-passu in all respects with the existing equity shares of the company. Following this conversion, no warrants remain outstanding for conversion in the names of the mentioned allottees, completing the warrant exercise process initiated in April 2025.

Baid Finserv Limited has announced that its Board of Directors will convene on March 12, 2026, to deliberate on a significant equity share allotment. The meeting, scheduled for 12:00 P.M. at the company's registered office in Jaipur, will address the conversion of convertible warrants into equity shares.

Share Allotment Details

The board meeting will focus on approving the allotment of equity shares following warrant conversion. The company has provided comprehensive details regarding the proposed allotment structure.

Warrant Conversion Process

The equity share allotment stems from the exercise and conversion of 48,02,732 convertible warrants. Warrant holders are required to pay the balance subscription amount of Rs. 11.325 per warrant, which represents 75% of the total issue price. This payment structure indicates that warrant holders had previously paid 25% of the issue price at the time of warrant allotment.

Meeting Logistics

The board meeting will take place at Baid Finserv Limited's registered office located at "Baid House", IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur-302006, Rajasthan. The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the scheduled meeting, in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The intimation was signed by Surbhi Rawat, Company Secretary and Compliance Officer, and submitted to the stock exchanges on March 04, 2026. This advance notice ensures transparency and allows stakeholders to stay informed about significant corporate actions that may impact the company's share capital structure.