Nature of the Event

Baid Finserv Limited disclosed the outcome of its Board of Directors meeting held on August 26, 2026, regarding the allotment of equity shares pursuant to the exercise of convertible warrants by promoter group members. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures

  • Total equity shares allotted: 72,04,099 shares of face value ₹2 each
  • Issue price per share: ₹15.10 (₹2 face value + ₹13.10 premium)
  • Total amount received: ₹8,15,86,421 (75% of warrant issue price at ₹11.325 per warrant)
  • Pre-allotment issued capital: 15,48,88,107 shares valued at ₹30,97,76,214
  • Post-allotment issued capital: 16,20,92,206 shares valued at ₹32,41,84,412
  • Promoter group shareholding increased from 47.39% (7,33,99,736 shares) to 49.73% (8,06,03,835 shares)

Dates of Action

  • Original warrant allotment date: April 09, 2025
  • Previous conversion date: March 12, 2026 (24,01,366 shares each to Dream Realmart Private Limited and Niranjana Properties Private Limited)
  • Current Board meeting and allotment date: August 26, 2026

Parties Involved

Allottees (Promoter Group Members):

  • Dalima Baid: 18,01,025 shares allotted, paid ₹2,03,96,608
  • Aditya Baid: 12,00,683 shares allotted, paid ₹1,35,97,735
  • Asmita Baid: 18,01,025 shares allotted, paid ₹2,03,96,608
  • Alpana Baid: 24,01,366 shares allotted, paid ₹2,71,95,470

Company Officials:

  • Surbhi Rawat, Company Secretary and Compliance Officer (Membership Number: A49694)

Capital Structure Impact

The preferential allotment resulted in:

  • Increase in issued, subscribed and paid-up capital from 15,48,88,107 shares to 16,20,92,206 shares
  • Increase in promoter group ownership by 2.34 percentage points (from 47.39% to 49.73%)
  • Complete conversion of all outstanding warrants with zero warrants remaining for conversion
  • Newly allotted shares will rank pari-passu with existing equity shares

Financial Impact

  • Cash inflow of ₹8,15,86,421 received by the company
  • Financial impact quantified and fully disclosed in the filing

Historical Context

The company had originally allotted 1,20,06,831 convertible warrants to promoters/promoter group on April 09, 2025, through preferential allotment at ₹15.10 per warrant, with 25% (₹3.775 per warrant) received upfront. With this final conversion, all warrants have been fully exercised and converted to equity shares.