Pursuant to the in-principle approval received from BSE limited and National Stock Exchange of India Ltd vide their letters dated November 07, 2025 and September 29, 2025 for the proposed Rights Issue of the Company, and Regulations 30, 42 and other applicable provisions, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we hereby inform you that the Board of Directors, at their meeting held today, i.e. on Tuesday, November 11, 2025, has inter-alia, approved the terms of the Rights Issue and the Letter of Offer. Detailed disclosure is enclosed
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Baid Finserv's Board of Directors, at a meeting held on November 11, 2025, approved the terms of a proposed Rights Issue and the Letter of Offer. The Rights Issue had earlier received in-principle approval from BSE (letter dated November 7, 2025) and NSE (letter dated September 29, 2025). The disclosure is being made under SEBI Listing Regulations (Regulations 30 and 42). Specific details such as issue size, ratio, price, record date, or discount are not provided in this excerpt — detailed disclosure is enclosed separately.
This is a formal procedural step clearing the way for the Rights Issue to launch. Existing shareholders will get an opportunity to buy additional shares in proportion to their holdings, but those who don't participate will see their holding diluted. Watch for the enclosed detailed disclosure for the issue ratio, price, and record date.