Monitoring Agency Report for the quarter ended March 31, 2026
BAIDFIN · price
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CARE Ratings Limited, the monitoring agency for Baid Finserv's Rights Issue, has submitted its Q4 FY26 report confirming full utilization of Rs. 30.02 crore raised in November-December 2025. The funds have been deployed as per the offer document: Rs. 18 crore for capital base augmentation and lending activities (fully utilized), Rs. 10 crore for debt repayment to Capital Small Finance Bank and Shriram Finance Limited (fully utilized), Rs. 1.67 crore for general corporate purposes including employee salaries, incentives, and branch rent (including Rs. 0.07 crore reallocated from lower-than-expected issue expenses), and Rs. 0.35 crore for issue-related expenses. There are no deviations from the disclosed objects, no delays in implementation, and no adverse events affecting viability. The board has noted clean utilization with no material issues.
This is a routine positive compliance filing confirming proper fund deployment with no regulatory concerns or deviations from the stated objectives of the Rights Issue.