Allotment of warrants-The Board of Directors of the Company in their meeting held on Wednesday, April 09, 2025 at the registered office of the Company situated at Baid House , IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur 302006 (Rajasthan) which commenced at 11:30 A.M. and concluded at 12:15 P.M., inter alia approved the allotment of 1,20,06,831 (One Crore Twenty Lakhs Six Thousand Eight Hundred and Thirty One) fully convertible warrants at an issue price of Rs. 15.10/- (Rupees Fifteen and Ten Paise only) each including a premium of Rs. 13.10/- (Rupees Thirteen and Ten Paise Only) per convertible warrants to promoters/promoter group on private placement basis through preferential issue.
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Baid Finserv's board, at a meeting on April 9, 2025, approved the allotment of 1,20,06,831 fully convertible warrants to its promoters and promoter group entities at Rs. 15.10 per warrant (including a premium of Rs. 13.10 over face value). The warrants were issued on a private placement basis through a preferential issue, approved by shareholders at an EGM on March 12, 2025, with in-principle approvals from BSE and NSE received on March 28, 2025. The company has received 25% of the issue price, amounting to about Rs. 4.53 crore, from six promoter group allottees including Aditya Baid, Alpana Baid, Asmita Baid, Dalima Baid, Dream Realmart Pvt Ltd, and Niranjana Properties Pvt Ltd. Upon conversion of these warrants into equity shares, the promoter group's combined holding will increase materially — for example, Alpana Baid's stake will rise from 2.19% to 3.81% and Dream Realmart from 3.67% to 5.16%. The remaining 75% of the warrant price will need to be paid when the warrants are exercised within the regulatory timeframe.
This is a promoter-driven capital infusion that strengthens the company's capital base without bringing in outside investors. Existing public shareholders may see modest dilution upon warrant conversion, and the fact that only 25% has been paid in initially means the full equity expansion is contingent on promoters exercising the warrants later. The stock may react neutrally as this was already approved at the EGM and in-principle cleared by the exchanges.