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.

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.