PANNA LAL BAID has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Panna Lal Baid, Promoter of Baid Finserv Limited, has submitted a nil encumbrance declaration to the exchange for the financial year ended March 31, 2026. The disclosure confirms that the promoter group has not created any pledge or encumbrance on equity shares of the company during this period. The filing lists 20 entities in the promoter group including individuals (Panna Lal Baid, Aman Baid, Aditya Baid, Alpana Baid, etc.) and various private limited companies (Carewell Builders, Dream Realtal, Tradeswift Developers, etc.). This is a routine regulatory compliance filing required under SEBI regulations.
This is a positive confirmation for shareholders as it indicates the promoter group has not leveraged their shares through pledging, meaning no immediate risk of forced selling or share supply pressure from margin calls.