Change in Director / Key Managerial Personnel

  • Nature of change: Re-appointment of Mr. Panna Lal Baid as Chairman and Managing Director
  • Name and DIN: Mr. Panna Lal Baid (DIN: 00009897)
  • Effective date and tenure: Re-appointment approved for a term of three consecutive years commencing from April 1, 2027 and ending on March 31, 2030. The approval was granted during the 35th Annual General Meeting held on September 23, 2026.
  • Profile and qualifications: Mr. Panna Lal Baid is the Founder and a first-generation entrepreneur of the Company with over 56 years of rich experience in the financial services sector. He possesses extensive knowledge of the Company's core businesses and has played a pivotal role in its growth and strategic development. His leadership, business acumen and industry expertise have significantly contributed to the Company's sustained growth and operational excellence.
  • Eligibility confirmation: Mr. Panna Lal Baid is not debarred from holding the office of director by virtue of any SEBI order or any other such authority, confirming eligibility under SEBI/BSE/NSE norms.
  • Relationship with other directors: Mr. Panna Lal Baid is related to Mr. Aman Baid (Grandson), Mr. Aditya Baid (Grandson) and Mrs. Alpana Baid (Daughter-in-law), Directors of the Company.
  • Governance implications: As Chairman and Managing Director, Mr. Baid will continue to provide strategic leadership and oversight of the company's financial and operational matters.

Key Financial or Operational Approvals

No financial results or operational approvals were mentioned in this disclosure.

Strategic or Business Context

No strategic or business context information was provided in this disclosure.

Any Other Material Information

  • The reappointment was approved by shareholders at the 35th Annual General Meeting held on September 23, 2026 through Video Conferencing / Other Audio Visual Means, which commenced at 03:00 P.M. (IST) and concluded at 03:37 P.M. (IST).
  • The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
  • The information will be hosted on the company website at www.baidfinserv.com.