With reference to the captioned subject matter and with reference to our intimation dated Monday, September 08, 2025 whereby the Board of Directors of the Company approved the issuance of fully paid-up equity shares of the Company 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 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a Meeting of Members of the Rights Issue Committee of the Company will be held on Monday, September 15, 2025 at 04:00 P.M. at the registered office of the Company situated at 1, Tara Nagar, Ajmer Road, Jaipur 302006 (Rajasthan) inter alia to consider and approve:1. the terms and conditions of the rights issue including determination rights entitlement ratio, issue price and record date etc. subject to the receipt of in-principle approval from the stock exchanges where the securities of the Company are listed or such other regulatory authorities as may be required and2. Letter of Offer to be filed with the Stock Exchanges and Securities and Exchange Board of India.
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Baid Finserv Limited has informed the stock exchanges that a meeting of its Rights Issue Committee will be held on September 15, 2025, to finalize the terms of a proposed rights issue to existing shareholders. The Board had earlier approved the rights issue on September 8, 2025. The committee will decide key details such as the entitlement ratio (how many shares each shareholder can buy), the issue price, and the record date, subject to necessary approvals. It will also approve the Letter of Offer to be filed with SEBI and the stock exchanges. No specific pricing, ratio, or discount details have been disclosed yet.
Shareholders should watch for the record date and entitlement ratio announcement, as this will determine their right to participate. Depending on the issue price relative to market value, the stock may react when terms are finalized.