Baid Finserv Limited has submitted a comprehensive regulatory report to the Securities and Exchange Board of India (SEBI) under the takeover regulations, claiming exemption for acquisition through Rights Issue. This filing demonstrates the company's compliance with regulatory requirements for substantial share acquisitions.

Regulatory Filing Details

The company has filed its report under Regulation 10(7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This specific regulation governs exemptions for acquisitions made through Rights Issues, allowing companies to seek relief from certain takeover obligations when shares are acquired through this route.

SEBI Payment Process

As part of the regulatory filing process, Baid Finserv Limited has made a payment of ₹1,77,005.90 to SEBI. The payment details reveal a structured process with specific banking arrangements through Citibank.

Payment Specifications

The payment process involves several key requirements:

• Exact Amount Transfer: The transfer amount of ₹1,77,005.90 must match precisely, including paisa, with no rounding off permitted
• Transfer Mode: NEFT/RTGS must be initiated using person-to-person bank account transfer (R41 mode only)
• Timeline: Payment must be executed within 2 days of challan creation
• Single Transaction: Multiple transfers by breaking the amount are not permitted

Disclosure Requirements

The submission also includes disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This dual filing approach ensures comprehensive compliance with both exemption claiming and disclosure requirements under the takeover regulations.

Banking Details

This regulatory filing represents Baid Finserv Limited's adherence to SEBI's takeover regulations while pursuing its Rights Issue acquisition strategy. The comprehensive documentation and payment process reflect the company's commitment to regulatory compliance in its corporate actions.

Baid Finserv Limited has received penalty notices from both major Indian stock exchanges for regulatory non-compliance, according to a disclosure filed on December 16, 2025. The company informed investors about fines imposed by BSE Limited and National Stock Exchange of India Ltd. for violations of listing regulations.

Penalty Details and Regulatory Action

The regulatory communication reveals that both exchanges imposed identical penalties on the company for non-compliance with specific listing requirements.

Nature of Non-Compliance

The penalty notices specifically cite non-compliance with Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company received email communications from both exchanges regarding the payment of fines for this regulatory breach.

Financial and Operational Impact

Baid Finserv Limited has assessed the implications of these penalties on its business operations. The company's disclosure indicates that while there are financial implications up to the penalty amount levied by both exchanges, the fines do not materially impact the company's financial, operational, or other business activities.

Regulatory Compliance Framework

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, demonstrating the company's commitment to transparency in regulatory matters. The communication includes detailed annexures providing comprehensive information as required under various SEBI circulars and master circulars, including:

• SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2025/25 dated February 25, 2025
• SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

Corporate Governance and Disclosure

The regulatory filing was signed by Surbhi Rawat, Company Secretary and Compliance Officer (Membership No. A49694), ensuring proper corporate governance protocols were followed. The company has requested both stock exchanges to take the disclosed information on record, maintaining transparency with all stakeholders regarding the regulatory action.