Baid Finserv Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/03/2026 ,inter alia, to consider and approve The Board of Directors of the ....
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Baid Finserv's Board will meet on March 12, 2026 to approve the allotment of 48,02,732 equity shares of face value Rs. 2 each at a premium of Rs. 13.10 per share. These shares are being issued upon the conversion of an equal number of convertible warrants held by warrant holders. The warrant holders are paying the balance 75% subscription amount of Rs. 11.325 per warrant (with the remaining 25% having been paid earlier when the warrants were originally issued). Effectively, the company will receive about Rs. 5.44 crore in this tranche as warrant holders complete the conversion process into equity shares.
This is a routine conversion of warrants into equity and is not fresh fundraising from the market. Existing warrant holders are simply completing their previously committed subscription. Shareholders may see a marginal increase in the total share count, which could lead to mild dilution, but no new cash is being raised beyond what was already committed.