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.

Baid Finserv Limited , a financial services company, is set to hold a crucial Rights Issue Committee meeting on November 11, 2025, to determine the terms and conditions of its proposed rights issue of equity shares. This development comes as part of the company's plan to raise up to Rs 35.00 crore through a rights offering to its existing shareholders.

Key Details of the Rights Issue Committee Meeting

The Rights Issue Committee is scheduled to convene at 3:00 PM on November 11, 2025, at the company's registered office in Jaipur. The meeting agenda includes:

1. Determining the terms and conditions of the rights issue, including:

   • Rights entitlement ratio
   • Issue price
   • Record date

2. Approving the Letter of Offer to be filed with the stock exchanges and the Securities and Exchange Board of India (SEBI)

Background of the Rights Issue

The decision to proceed with the rights issue stems from a board meeting held on September 8, 2025, where Baid Finserv's Board of Directors approved the issuance of fully paid-up equity shares. The rights issue aims to raise an amount not exceeding Rs 35.00 crore, including premium, offered to existing eligible equity shareholders.

Trading Window Closure

In compliance with SEBI regulations and the company's Code of Conduct for Prohibition of Insider Trading, Baid Finserv has implemented a trading window closure:

• Closure period: October 1, 2025, until 48 hours after the declaration of unaudited financial results for Q2 FY2026
• Applicable to: Directors, Key Managerial Personnel, Designated Persons, Connected Persons, and their relatives

Company Information

Investors and stakeholders are advised to keep an eye on further announcements from Baid Finserv regarding the outcome of the Rights Issue Committee meeting and subsequent developments in the rights issue process.