Baid Finserv Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/04/2025 ,inter alia, to consider and approve allot 1,20,06,831 (One Crore Twenty ....
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Baid Finserv has informed BSE that its Board of Directors will meet on April 9, 2025, to consider and approve the allotment of 1,20,06,831 (approximately 1.20 crore) fully convertible warrants to promoters and promoter group entities. The allotment will be done on a private placement basis through a preferential issue route. This proposal was already approved by shareholders at an Extraordinary General Meeting held on March 12, 2025, and in-principle approvals have been received from both BSE and NSE on March 28, 2025.
This is a promoter-driven capital infusion, which signals confidence from existing promoters in the company's growth. However, it may lead to dilution of minority shareholders once the warrants are converted into equity shares in the future.