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.

Baid Finserv Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating consistent growth in profitability and revenue. The Jaipur-based non-banking financial company reported steady performance across key financial metrics during the third quarter of FY26.

Board Meeting and Regulatory Compliance

The Board of Directors approved the unaudited financial results at their meeting held on February 10, 2026, at the registered office situated at "Baid House", IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur-302006. The meeting commenced at 01:00 P.M. and concluded at 02:15 P.M., with the results prepared pursuant to Regulation 33 of the SEBI Listing Regulations.

Financial Performance Overview

The company's quarterly performance showed measured growth with net profit reaching ₹475.06 lakhs for Q3FY26, compared to ₹473.07 lakhs in the corresponding quarter of the previous year, marking a 0.42% increase. Revenue from operations demonstrated stronger momentum, growing 15.40% year-on-year to ₹2,462.88 lakhs from ₹2,134.15 lakhs in Q3FY25.

Nine-Month Performance Highlights

The nine-month period ending December 31, 2025, showcased more robust growth trends. Net profit surged 35.80% to ₹1,331.79 lakhs compared to ₹980.72 lakhs in the corresponding period of FY25. Revenue from operations increased 20.67% to ₹7,225.09 lakhs from ₹5,986.73 lakhs in the previous year.

Revenue Composition and Business Segments

Interest income remained the primary revenue driver, contributing ₹2,002.20 lakhs in Q3FY26 compared to ₹1,861.24 lakhs in Q3FY25, representing a 7.57% increase. For the nine-month period, interest income grew to ₹5,822.15 lakhs from ₹4,948.64 lakhs, showing 17.65% growth. The company also generated revenue from product sales of ₹400.41 lakhs in Q3FY26, significantly higher than ₹205.18 lakhs in the corresponding quarter last year.

Capital Structure Enhancement

Baid Finserv completed a rights issue during the quarter, allotting 3,00,17,075 equity shares on December 8, 2025. This resulted in an increase in the company's paid-up equity share capital to ₹3,001.71 lakhs from ₹2,401.37 lakhs, representing a 25.00% increase. The enhanced capital base positions the company for future growth initiatives.

Regulatory Framework and Audit Compliance

The company operates under the Reserve Bank of India's regulatory framework and is classified as a "Base Layer" NBFC pursuant to the RBI's scale-based regulation framework introduced in November 2025. The statutory auditors ABSM & Associates, Chartered Accountants (FRN: 015966C) completed their limited review of the results in compliance with SEBI regulations. The trading window for company shares will open after 48 hours of the results declaration for directors and key management personnel.