Baid Finserv Limited — QIP/Rights/Pref., 11-02-2025: Preferential issue

Baid Finserv Limited will issue 1,20,06,831 warrants at an issue price of Rs. 16.20 each, which includes a premium of Rs. 14.20. These warrants are convertible into an equal number of equity shares and will be allotted to members of the promoter group. The issuance is subject to shareholder and regulatory approval, with 25% of the payment due at issuance and the remaining 75% upon conversion within 18 months. Following the allotment, the promoters' shareholding increases substantially, ensuring continued control over the company.