The Board of Directors of Baid Finserv Limited held a meeting on Wednesday, August 26, 2026, at the company's registered office in Jaipur, Rajasthan. The meeting commenced at 11:00 A.M. and concluded at 11:30 A.M.

Key Decision

The Board approved the allotment of 72,04,099 (Seventy Two Lakh Four Thousand Ninety Nine) equity shares of face value ₹2 each at a premium of ₹13.10 per share. This allotment was made pursuant to the exercise and conversion of an equal number of convertible warrants against receipt of the balance subscription amount of ₹11.325 per warrant, representing 75% of the issue price.

Capital Structure Impact

Pre-Allotment Capital:

  • Issued Capital: 15,48,88,107 shares (₹30,97,76,214)
  • Subscribed and Paid-up Capital: 15,48,88,107 shares (₹30,97,76,214)

Post-Allotment Capital:

  • Issued Capital: 16,20,92,206 shares (₹32,41,84,412)
  • Subscribed and Paid-up Capital: 16,20,92,206 shares (₹32,41,84,412)

Promoter Holding Change

  • Pre-allotment promoter holding: 7,33,99,736 shares (47.39% of total issued capital)
  • Post-allotment promoter holding: 8,06,03,835 shares (49.73% of total issued capital)

Allottee Details

The conversion involved four promoter group members:

1. Dalima Baid: Converted 18,01,025 warrants for consideration of ₹2,03,96,608, receiving 18,01,025 equity shares

2. Aditya Baid: Converted 12,00,683 warrants for consideration of ₹1,35,97,735, receiving 12,00,683 equity shares

3. Asmita Baid: Converted 18,01,025 warrants for consideration of ₹2,03,96,608, receiving 18,01,025 equity shares

4. Alpana Baid: Converted 24,01,366 warrants for consideration of ₹2,71,95,470, receiving 24,01,366 equity shares

Total Consideration Received: ₹8,15,86,421 (Rupees Eight Crore Fifteen Lakh Eighty Six Thousand Four Hundred Twenty One Only)

Warrant Details

The warrants were originally allotted on April 09, 2025, carrying the right to subscribe to 1 equity share per warrant. The total issue price per warrant was ₹15.10 (face value ₹2 + premium ₹13.10). The initial 25% payment of ₹3.775 per warrant was received at the time of warrant allotment, with the remaining 75% (₹11.325 per warrant) received upon conversion.

Post-Conversion Status

Following this conversion, all warrants held by the allottees have been fully converted into equity shares. No warrants remain outstanding for conversion. The newly allotted equity shares will rank pari-passu in all respects with the existing equity shares of the company.