The Board of Directors of the Company in their meeting held on Monday, September 08, 2025 at the registered office of the Company situated at, Baid House , IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur- 302006, (Rajasthan) which commenced at 11:00 A.M. and concluded at 11:30 A.M., inter alia transacted the following business:1. Considered and approved the Offer and issuance of fully paid-up equity shares of the Company for an amount not exceeding Rs. 35,00,00,000/- (Rupees Thirty Five Crore Only) by way of rights issue to the existing eligible equity shareholders of the company as on the record date (to be determined and notified subsequently) in accordance with the applicable laws, including the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements), 2018, as amended, the Companies Act, 2013 and subject to such approvals, as may be required under the applicable laws (hereinafter referred to as Rights Issue ).;2. The Board also approved the constitution of a Rights Issue Committee (herein after referred to as Committee/RIC ) for the said Rights Issue to decide the terms and conditions of the Rights Issue including but not limited to the rights entitlement ratio, the issue price, record date, timing and terms of payment of the Rights Issue and other related matters thereto;3. Approved the objects of the Rights Issue
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The board of Baid Finserv Limited approved a rights issue of fully paid-up equity shares for an amount not exceeding Rs. 35 crore. The issue will be offered to existing eligible equity shareholders as on a record date, which will be announced later. The board also set up a Rights Issue Committee to decide key terms such as entitlement ratio, issue price, record date, and payment terms. The specific objects of the rights issue were approved but detailed purpose was not disclosed in this filing. The decision was made at a board meeting held on September 08, 2025, at the company's registered office in Jaipur.
Existing shareholders will get the opportunity to buy additional shares in proportion to their current holdings, which could lead to short-term dilution if some shareholders do not participate. The capital raise of up to Rs. 35 crore may strengthen the company's balance sheet, but the actual impact on stock price will depend on the issue price and end-use of funds once disclosed.