Baid Finserv Limited has informed the Exchange regarding Change in Director(s) of the company.
BAIDFIN · price
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Baid Finserv Limited has announced the re-appointment of Mr. Aman Baid as Whole Time Director for a further period of 3 years, effective June 1, 2026 to May 31, 2029, subject to shareholder approval at the upcoming AGM. Mr. Aman Baid has been associated with the company since 2013 and has been actively involved in distribution expansion, product evaluation, and credit policy formulation over the past 12 years. He is the grandson of Mr. Panna Lal Baid (Chairman and Managing Director) and the son of Mrs. Alpana Baid (Non-Executive Director), confirming his place in the promoter family. The Board meeting was held on August 7, 2025, and the company confirmed that Mr. Aman Baid is not debarred from holding the office of director by any SEBI or other authority order.
This is a continuity move by the promoter family — no leadership disruption for shareholders. The re-appointment of a family member as Whole Time Director reinforces promoter control but is subject to shareholder voting at the AGM, so minority investors will have a say.