Baid Finserv re-appoints Panna Lal Baid as CMD for 3 years

Management Changes View source PDF Explain this filing

BAIDFIN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹10.00

prior close

₹9.86

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.6% vs market

Non Banking Financial Company (NBFC) peers, median of 210sector-0.4%-0.1% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.9

10m

+1.9

15m

+2.5

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.1-0.6-0.4-0.1

Next day

-3.6+0.2-3.8-0.7-2.9

-2.4+0.6-3.0-1.3-1.1

-3.0-0.0-3.0-1.8-1.2

-1.3+0.5-1.8-1.6+0.3

-0.5+0.8-1.3-1.1+0.6

-2.6+0.6-3.2-1.1-1.5

15d

+2.0+1.3+0.7-0.9+2.9

+0.9-1.4+2.3-3.1+4.0

+0.9-0.6+1.5-4.5+5.4

—————

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 210Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved re-appointment of Mr. Panna Lal Baid as Chairman and Managing Director for 3 years from April 1, 2027 to March 31, 2030, pending shareholder approval at the upcoming AGM. He is the founder with over 56 years of experience in financial services. His grandsons Aman Baid and Aditya Baid, and daughter-in-law Alpana Baid, also serve as directors on the board. He is not debarred by SEBI.

Likely market impact

Continuity in leadership as founder CMD gets another term; family-run board reaffirmed. Neutral signal for minority shareholders pending AGM approval.