With reference to the captioned subject matter and with reference to the outcome of meeting of Board of Directors of the Company dated September 08, 2025 whereby the Board of Directors of the Company approved the 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) (including premium) on rights issue basis to the existing eligible equity shareholders of the Company in accordance with the provisions of Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, each as amended, and other applicable laws, and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Meeting of Members of the Rights Issue Committee of the Company was held on Monday, September 08, 2025 which commenced at 04:00 P.M. and concluded at 04:30 P.M. at the registered office of the Company situated at Baid House , IInd Floor, 1, Tara Nagar, Ajmer Road, Jaipur- 302006 (Rajasthan) has considered and approved the Draft Letter of Offer in relation to the Rights lssue of the Company to be filed with BSE Limited and National Stock Exchange of India Limited (the "Stock Exchanges") for their in-principle approvals.
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Baid Finserv's Board had earlier approved a rights issue of fully paid-up equity shares for an amount not exceeding Rs. 35 crore (including premium) to existing eligible shareholders. The Rights Issue Committee met on September 8, 2025, and approved the Draft Letter of Offer for the rights issue. The Draft Letter of Offer will now be filed with BSE and NSE to seek their in-principle approvals. The company will proceed with the rights issue in line with the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
Shareholders may need to prepare for additional capital being raised through a rights issue, which could lead to share dilution if they choose not to subscribe. The issue price, ratio, and record date details will be known once the Draft Letter of Offer is filed and approved.