Baid Finserv Limited , a financial services company, has announced a significant rights issue to raise capital. The company plans to issue up to 3,00,17,075 equity shares, aiming to raise ₹3,001.71 lakhs. This move represents a strategic effort to strengthen the company's financial position and support its growth initiatives.

Key Details of the Rights Issue

Announcement and Compliance

Baid Finserv has adhered to regulatory requirements by publishing pre-issue advertisements in compliance with the Securities and Exchange Board of India (SEBI) regulations. The company made the announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 84 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The pre-issue advertisements were published on November 20, 2025, in two newspapers:

1. Financial Express (National daily newspaper)
2. Business Remedies (Daily newspaper of Rajasthan, where the company's registered office is located)

Implications for Shareholders

Existing shareholders of Baid Finserv should take note of the record date, November 17, 2025. Those holding shares as of this date will be eligible to participate in the rights issue. The rights entitlement ratio of 1:4 means that for every four shares held, shareholders can subscribe to one additional share at the issue price of ₹10.00.

Company's Perspective

While specific comments from company officials were not provided, rights issues are typically undertaken to raise capital for various purposes such as debt reduction, expansion plans, or strengthening the balance sheet. Shareholders and potential investors should review the company's official documents and disclosures for more detailed information on the use of proceeds and the potential impact on the company's financial structure.

The rights issue represents a significant corporate action for Baid Finserv Limited, potentially impacting its capital structure and providing existing shareholders with an opportunity to increase their stake in the company at a predetermined price.

Investors are advised to carefully consider the terms of the rights issue and consult with financial advisors if needed before making investment decisions.

Baid Finserv Limited , a non-banking financial company (NBFC) specializing in asset-backed loans, has announced its unaudited financial results for the quarter and half-year ended September 30, 2023, reporting a profit of Rs 13.45 crore from continuing operations.

Financial Performance

The company's Board of Directors approved the results at their meeting on November 13, 2023. Key financial highlights for the quarter include:

Rights Issue

In a significant move to strengthen its capital base, Baid Finserv successfully completed a rights issue, raising Rs 30.02 crore. The details of the rights issue are as follows:

• Number of shares issued: 3,00,17,075 equity shares
• Issue price: Rs 10 per share (including a premium of Rs 8)
• Rights entitlement ratio: 1:4 (one equity share for every four shares held)
• Record date: November 17, 2023

Dividend Payment

The company has also distributed a final dividend for the financial year 2022-23:

• Dividend per share: Rs 0.10
• Total dividend payout: Rs 1.20 crore

Business Operations

Baid Finserv operates as an NBFC, focusing on providing various types of loans:

• Car Loans
• Commercial Vehicle Loans (new and used)
• MSME Loans
• Loans Against Property
• Other asset-backed loans

Regulatory Compliance

The company has confirmed its compliance with the Reserve Bank of India's Scale Based Regulation (SBR) framework for NBFCs. Baid Finserv is classified under the "Base Layer" category within this regulatory structure.

Financial Position

As of September 30, 2023, Baid Finserv's financial position shows:

The company's loan portfolio stood at Rs 427.07 crore, indicating its significant presence in the lending market.

Baid Finserv's performance in Q2 2023 demonstrates its resilience in the competitive NBFC sector. The successful completion of the rights issue is expected to provide the company with additional capital to support its lending activities.