Baid Finserv Limited , a prominent player in the financial services sector, has announced that its shareholders have approved the re-appointment of Mr. Aman Baid as Whole Time Director for a three-year term. The decision was made during the company's 34th Annual General Meeting (AGM) held on September 12, 2025.

Key Details of the Re-appointment

• Term: Mr. Aman Baid will serve as Whole Time Director from June 01, 2026, to May 31, 2029.
• Designation: He will be designated as Executive Director of the company.
• Approval: The re-appointment received overwhelming support from shareholders, with 99.99997% of votes cast in favor of the resolution.

About Aman Baid

Mr. Aman Baid, who holds the Director Identification Number (DIN) 03100575, has been an integral part of Baid Finserv since 2013. His re-appointment underscores the company's confidence in his leadership and vision.

• Educational Background: Post-graduate degree in FMB from SP Jain School of Global Management
• Family Ties: Grandson of Mr. Panna Lal Baid (Chairman and Managing Director) and son of Mrs. Alpana Baid (Non-Executive Director)
• Key Responsibilities: Developing long-term strategic direction, leading business expansion, and overseeing day-to-day operations

Contributions to Baid Finserv

During his tenure, Mr. Aman Baid has played a crucial role in several areas:

• Setting up new distribution points
• Evaluating new products
• Formulating and deploying credit policies
• Analyzing challenges and mitigating risks
• Expanding into new geographical areas
• Building relationships with lenders and bankers

Other AGM Highlights

The 34th AGM, conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), also saw the approval of other significant resolutions:

1. Adoption of Financial Statements: The audited financial statements for the year ended March 31, 2025, were adopted.
2. Dividend Declaration: A final dividend of Rs. 0.10 per equity share (5% on face value of Rs. 2 each) was declared for the financial year 2024-25.
3. Appointment of Statutory Auditors: M/s. ABSM & Associates (FRN: 015966C) were appointed as Statutory Auditors for a five-year term until the 39th AGM in 2030.
4. Appointment of Secretarial Auditor: M/s. V. M. & Associates, Company Secretaries (FRN: P1984RJ039200) were appointed as Secretarial Auditor for a five-year term from April 01, 2025, to March 31, 2030.

The AGM, which commenced at 03:00 P.M. (IST) and concluded at 03:41 P.M. (IST), saw active participation from shareholders, with all resolutions passing with an overwhelming majority.

Postponement of Rights Issue Committee Meeting

In a separate announcement, Baid Finserv also informed that the meeting of its Rights Issue Committee, originally scheduled for September 15, 2025, has been postponed. The company awaits approvals from BSE Limited and National Stock Exchange of India regarding the proposed Rights Issue. A revised date for the committee meeting will be communicated upon receipt of the necessary approvals.

These developments reflect Baid Finserv's commitment to strong corporate governance and its focus on strategic growth under the continued leadership of Mr. Aman Baid.

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.