Company Overview
Baid Finserv Limited (BSE: 511724, NSE: BAIDFIN) submitted its Annual Report for FY 2025-26 and notice for its 35th AGM to be held on September 23, 2026. The NBFC reported solid financial performance with 20.16% revenue growth to ₹99.19 crore and 11.37% PAT increase to ₹14.97 crore, while Assets Under Management reached ₹476.89 crore, representing 20.35% growth.
Financial Performance & Dividend
Revenue from operations stood at ₹97.27 crore (18.65% growth) with other income of ₹1.92 crore. Profit before tax grew 10.64% to ₹20.07 crore. The Board recommended a final dividend of ₹0.10 per share (5% on face value), payable if approved at AGM. Gross NPAs improved to 2.66% (from 2.73%) while net NPAs increased slightly to 0.39% (from 0.29%).
Capital Structure & Fundraising
The company completed a ₹30.02 crore rights issue (1:4 ratio) and partially converted warrants from its preferential issue. Paid-up capital stood at ₹30.98 crore with authorized capital unchanged at ₹40.00 crore. CRAR improved to 47.53% (Tier I: 45.42%, Tier II: 2.11%).
Regulatory Compliance & Observations
Statutory auditors noted non-implementation of audit trail feature in accounting software, with management responding that migration to Graviton software is 65-70% complete. Secretarial auditors identified non-compliance with prior intimation requirements for Rights Issue Committee meeting, resulting in ₹23,600 fines paid to exchanges. The company made material restatements correcting prior year real estate exposure (from ₹26,652.87 lakhs to ₹375.94 lakhs) and recalculated NPA percentages.
Loan Portfolio & Operations
Gross loan portfolio reached ₹47,688.73 lakhs with breakdown: Vehicle loans (₹13,019.69 lakhs, 3.45% NPA), MSME Mortgage loans (₹30,471.60 lakhs, 2.45% NPA), Business loans (₹3,643.43 lakhs, 1.95% NPA), and Gold loans (₹554.01 lakhs, 0% NPA). The company transferred 275 stressed loan accounts (₹937.69 lakhs principal) and acquired 152 loan accounts through assignment. No project finance, securitization, or co-lending activities were conducted.
Corporate Governance & AGM Details
The 35th AGM will seek approval for financial statements, dividend declaration, reappointment of Mrs. Alpana Baid, and special business including reappointment of 83-year-old Chairman Panna Lal Baid and appointment of Mr. Himanshu Kumar Jain as Independent Director. The board composition includes 7 directors with well-structured committees overseeing risk, audit, and governance matters.