Baid Finserv Limited , a non-banking financial company (NBFC), has announced a significant move to strengthen its capital base. The company's Board of Directors has approved a rights issue of fully paid-up equity shares for an amount not exceeding Rs. 35.00 crore.

Rights Issue Details

The rights issue will be offered to existing eligible shareholders of the company. The face value of each equity share is Rs. 2.00. The specific terms of the rights issue, including the rights entitlement ratio, issue price, record date, and timing of payments, will be determined by a newly constituted Rights Issue Committee.

Formation of Rights Issue Committee

To oversee the rights issue process, Baid Finserv's board has approved the formation of a dedicated Rights Issue Committee. This committee will be responsible for:

• Deciding various aspects of the rights issue
• Ensuring compliance with regulatory requirements
• Managing the overall execution of the capital raise

Regulatory Compliance

The rights issue will be conducted in accordance with applicable laws, including:

• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended
• Companies Act, 2013

The company will seek necessary approvals as required under applicable laws.

Next Steps

The Rights Issue Committee will prepare and approve the Draft Letter of Offer for the rights issue. This document will then be filed with the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) for their in-principle approvals.

Trading Window

In compliance with insider trading regulations, Baid Finserv has announced that the trading window for company insiders will reopen on September 11, 2025. This applies to directors, key management personnel, designated persons, connected persons, and their relatives.

Company Background

Baid Finserv Limited, headquartered in Jaipur, is a non-deposit taking NBFC registered with the Reserve Bank of India. The company specializes in providing financial services, with a focus on retail and MSME lending.

The rights issue represents a strategic move by Baid Finserv to bolster its capital position, potentially supporting future growth initiatives and strengthening its market presence in the competitive NBFC sector.

Baid Finserv Limited , a company specializing in various loan services, has announced its unaudited financial results for the first quarter ended June 30, 2024. The company has shown significant growth in profitability and revenue compared to the previous quarter.

Financial Highlights

• Net Profit: Rs 311.89 lakhs, up from Rs 108.41 lakhs in the previous quarter
• Total Income: Increased to Rs 1,934.91 lakhs from Rs 1,520.56 lakhs in the previous quarter
• Interest Income: Rs 1,888.02 lakhs
• Total Expenses: Rs 1,520.76 lakhs
• Earnings Per Share (EPS): Rs 0.26

Quarterly Performance Comparison

The company's net profit for Q1 FY2025 shows a substantial increase of 187.7% compared to the previous quarter. However, it's lower than the same quarter last year, which stood at Rs 561.01 lakhs.

Business Operations

Baid Finserv operates in multiple loan segments, including:

• Car loans
• Commercial vehicle loans
• MSME loans
• Loan against property services

Dividend Announcement

The company has declared a final dividend of Rs 0.10 per equity share for the financial year 2023-24.

Trading Window

Following the results announcement, the trading window for company shares will reopen 48 hours after the declaration of results, as per regulatory guidelines.

Baid Finserv's performance in Q1 FY2025, particularly in terms of revenue growth and increased profitability compared to the previous quarter, reflects positively on its business operations. The company's diverse loan portfolio appears to be contributing to its financial stability and growth.