Baid Finserv Limited has announced the postponement of its Rights Issue Committee meeting, originally scheduled for September 15, 2025. The company cited ongoing approval processes with the BSE Limited and National Stock Exchange of India as the reason for the delay.

Rights Issue Details on Hold

The postponed meeting was set to determine crucial aspects of the company's proposed rights issue, including:

• Rights entitlement ratio
• Issue price
• Record date
• Other terms and conditions

Background of the Rights Issue

The rights issue was initially approved by Baid Finserv's Board of Directors during their meeting on September 8, 2025. This decision underscores the company's strategic move to raise capital through existing shareholders.

Regulatory Compliance

In a filing to the stock exchanges, Surbhi Rawat, Company Secretary and Compliance Officer of Baid Finserv Limited, stated:

"As the approval from BSE Limited and National Stock Exchange of India w.r.t above-said Rights Issue is under process as of now. In view of the same, the revised date for meeting of the Rights Issue Committee shall be communicated upon receipt of the requisite approvals."

Next Steps

Baid Finserv has assured stakeholders that a revised meeting date will be announced once the necessary approvals from both stock exchanges are obtained. This move demonstrates the company's commitment to regulatory compliance and transparency in its capital raising efforts.

Investors and market participants are advised to stay tuned for further updates from Baid Finserv regarding the rescheduled Rights Issue Committee meeting and subsequent developments in the proposed rights issue.

Baid Finserv Limited has announced a crucial meeting of its Rights Issue Committee scheduled for September 15, 2025. The meeting, set to take place at the company's registered office in Jaipur, aims to determine key terms of its proposed rights issue.

Rights Issue Details

The Rights Issue Committee will convene to discuss and approve several important aspects of the upcoming rights issue:

1. Entitlement ratio
2. Issue price
3. Record date
4. Other terms and conditions

Additionally, the committee will review and approve the Letter of Offer, which is to be filed with the stock exchanges and the Securities and Exchange Board of India (SEBI).

Background

This meeting follows the recent decision by Baid Finserv's Board of Directors to approve the issuance of fully paid-up equity shares on a rights basis to existing eligible shareholders. The move is in accordance with the provisions of the Companies Act, 2013, and the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Meeting Details

Regulatory Compliance

The company has emphasized that the terms and conditions of the rights issue are subject to receiving in-principle approval from the stock exchanges where Baid Finserv's securities are listed, as well as other regulatory authorities as required.

Investors and stakeholders are advised to keep an eye on further announcements from the company regarding the outcome of this important meeting, which will shape the structure of the upcoming rights issue.